Global Human Capital Management Software Overview
Introduction:
Human capital management software (HCM software) refers to applications that are intended to help an organization manage as well as to maintain its workforce. Human capital management software is considered as enterprise class software that can be scale up and used to automate various processes such as performance reviews, payroll, recruiting and training. Human capital management software is also referred to human resource management system (HRMS) or human resource information system (HRIS. Human Capital Management Software Market accounted for US$ 27.8 billion in 2024 and is estimated to be US$ 61.0 billion by 2034 and is anticipated to register a CAGR of 8.2%.
Global Human Capital Management Software Dynamics
Factor Driving Growth of the HCM Market
Increasing adoption of employee assessment solutions in various organizations especially among information technology organizations is major factor driving growth of the human capital management software market. In addition, rising demand for mobile human capital management application is supporting growth of the target market. Further, growing adoption of human capital management applications in smart phones by human resource department in various organizations is key factor expected to propel growth of the global market in the near future.
Moreover, advanced features of human capital management software like software as a service (SaaS) and enterprise resource planning (ERP) solution are expected to fuel growth of the target market in the near future. However, increasing security concerns associated with implementation of human capital management software over cloud-based deployment is major factor expected to restrain growth of the global market over the forecast period.
Global Human Capital Management Software Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The human capital management software market has been segmented on the basis of type, deployment type, organization size, vertical, and region.
On the basis of type the target market has been segmented into software and services. Further software type sub-segment is categorized into human resource management, workforce management, sourcing and recruiting, applicant tracking system, staffing vendor management, and others. Services type sub-segment is categorized into consulting, support and maintenance, and integration and deployment. On the basis of deployment type the global market has been segmented into on-premise deployment and cloud-based deployment.
On the basis of organization size the target market has been segmented into large enterprises and small and medium-sized enterprises (SME’s). On the basis of vertical the global market has been segmented into IT and telecommunications, healthcare and education, government and utilities, media and communication services, banking, financial services and insurance (BFSI), and others. Further other vertical sub-segment is categorized into food and beverages, real estate, automotive, and retail.
Regional Insights:
The Human capital management software (HCM software) market accounted for US$ 27.8 billion in 2024 and is estimated to be US$ 61.0 billion by 2034 and is anticipated to register a CAGR of 8.2%.On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share in terms of revenue as compared to that of other regions. This can be attributed to growing adoption of advanced technologies among various IT organizations in countries of the region
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Types- Software (Human Resource Management, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management, and Others (On-Boarding, Recruitment Marketing, and Talent Management)) and Services (Consulting, Support and Maintenance, and Integration and Deployment By Deployment Types– On-Premise Deployment and Cloud-Based Deployment By Organization Size– Large Enterprises and Small and Medium-Sized Enterprises (SME’s) By Vertical - IT and Telecommunications, Healthcare and Education, Government and Utilities, Media and Communication Services, Banking, Financial Services and Insurance (BFSI), and Others
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Human capital management software (HCM software) market report based on types, deployment types, organization types, vertical , and region.
Human Capital Management Software (HCM software) Market, By Region:
- North America
- Canada
- U.S.
- Europe
- Rest of Europe
- Italy
- Russia
- France
- UK
- Germany
- Asia Pacific
- Rest of Asia Pacific
- South Korea
- Japan
- India
- China
- Latin America
- Rest of Latin America
- Mexico
- Brazil
- Middle East & Africa
- Rest of Middle East & Africa
- South Africa
- Israel
- GCC
Global Human Capital Management Software Key Players
The Key players operating in the human capital management software market includes SAP SE, Workday, Inc., Oracle Corporation, Employwise, Inc., Ceridian HCM, Inc., Paycom Software, Inc., Automatic Data Processing, LLC, Ultimate Software Group, Inc., International Business Machines Corporation (IBM), and Sumtotal Systems, LLC (A Skillsoft Company).
Global Human Capital Management Software Company Profile
- SAP SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Workday, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Employwise, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ceridian HCM, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Paycom Software, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Automatic Data Processing LLC,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sumtotal Systems, LLC (A Skillsoft Company).
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ultimate Software Group, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- International Business Machines Corporation (IBM)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Human Capital Management Software Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Outlook for Human Capital Management Software Strategies
- Key Questions this Study will Answer
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- By Type (Software (Human Resource Management, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management, and Others (On-Boarding, Recruitment Marketing, and Talent Management)) and Services (Consulting, Support and Maintenance, and Integration and Deployment)),
- By Deployment Type (On-Premise Deployment and Cloud-Based Deployment),
- By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises (SME’s)),
- By Vertical (IT and Telecommunications, Healthcare and Education, Government and Utilities, Media and Communication Services, Banking, Financial Services and Insurance (BFSI), and Others (Food and Beverages, Real Estate, Automotive, and Retail)),
- By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- North America (U.S., Canada)
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Human Capital Management Software Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
- SAP SE, Workday, Inc., Oracle Corporation, Employwise, Inc., Ceridian HCM, Inc., Paycom Software, Inc., Automatic Data Processing, LLC, Ultimate Software Group, Inc., International Business Machines Corporation (IBM), and Sumtotal Systems, LLC (A Skillsoft Company).
FAQs
The Human Capital Management Software Market report segments the market on the basis of type, deployment type, organization size, vertical, and region.
A prominent factor projected to fuel growth of the global human capital management software market over the forecast period is the increasing acceptance of employee evaluation solutions among various information technology (IT) enterprises throughout the world.
Asia Pacific is growing at the highest CAGR over 2021- 2026.
The leading players operating in the Human Capital Management Software Market includes SAP SE, Workday, Inc., Oracle Corporation, Employwise, Inc., Ceridian HCM, Inc., Paycom Software, Inc., Automatic Data Processing, LLC, Ultimate Software Group, Inc., International Business Machines Corporation (IBM), and Sumtotal Systems, LLC (A Skillsoft Company).