Just Published: "Human Capital Management Market - Global Forecast to 2021"

Human Capital Management Market by Solution (Core HR, Talent Management, Payroll and Tax, Workforce Planning and Analytics, Recruiting), Service (Implementation, Training, Consulting), Deployment, User, Industry Vertical, Region - Global Forecast to 2021

"Growing demand for integrated high performance software among users is driving the market for HCM solutions"

MarketsandMarkets forecasts the HCM market to grow from USD 12.59 billion in 2016 to USD 19.88 billion by 2021, at a CAGR of 9.6%. HCM solutions enable organizations to standardize HR management processes, such as talent management, payroll, and workforce planning and analytics. The HCM solutions easily integrate with mobile applications, enabling users to manage time and attendance, benefit plan information, and performance from virtually any device. The speedy growth of mobile applications is also driving the HCM market as it offers a secure and convenient platform for anytime and anywhere access across devices.

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"Core HR is expected to be the largest solution segment in terms of market size"

The core HR solution is estimated to contribute the largest market share during the forecast period. Furthermore, as personnel tracking and HR organizations setup activities are linked, the demand for this solution is expected to further grow than other solutions such as workforce planning and analytics. Additionally, the core HR solution allows organizations to achieve error-free employee records and processes along with assisting the end users to make asset management and reporting easier and meaningful.

"Asia-Pacific (APAC) is expected to become one of the major adopters of HCM solutions by 2021"

APAC is growing at the highest rate in comparison to other regions. Moreover, countries in the region, mainly Australia, Japan, Singapore, and China, are prominently adopting advanced technologies and solutions within the organizations to increase profits and enhance customer satisfaction.

Moreover, the adoption of emerging technologies and the economic growth of countries such as India and China are further driving the adoption of HCM solutions and services. North America is expected to be the largest revenue generating region, followed by Europe, whereas APAC and Latin America are expected to be emerging potential markets for HCM solutions and services.

Breakdown of profile of primaries

* By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
* By Designation: C-level - 60%, Director-level - 25%, and others - 15%
* By Region: North America - 10%, Europe - 20%, Asia-Pacific - 40%, and ROW - 30%

The companies profiled in this report include:

* SAP SE
* Oracle Corporation
* IBM Corporation
* Epicor Software Corporation
* Infor
* Cornerstone OnDemand
* Automatic Data Processing (ADP)
* NetSuite

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