Human Capital Management Software Market 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, By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises (SME’s)), By Verticals, and Others, and By Region– Trends, Analysis and Forecast Till 2034

The market for human capital management software was valued at US$27.8 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.2% to reach US$61.0 billion by 2034.

Applications designed to assist a company in managing and retaining its workforce are referred to as human capital management software (HCM software). Software for human capital management is regarded as enterprise-class, scalable, and helpful in automating a range of tasks, including payroll, hiring, training, and performance reviews. Human resource information systems (HRIS) and human resource management systems (HRMS) are other human capital management software names.