Pune, India, January 22, 2019 -- /360iResearch/ -- The report "Global Human Capital Management Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 13,922.35 million in 2017 and is projected to reach USD 27,435.65 million by 2024, growing at a CAGR of 10.18% from 2017 to 2024.
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The major forces driving the growth of the human capital management market include the need for simplified management of geographically spread workforce and respond with agility to change and increasing demand for mobile hcm. Moreover, risings demand for talent mobility and optimize workforce management and spending need for simplified management of geographically spread workforce and respond with agility to change increasing demand for mobile hcm and risings demand for talent mobility and optimize workforce management are also some of the factors that are driving the market growth. However certain factors such as the security concerns over the cloud-based deployment may hinder the market growth. In the middle of difficulty lies opportunity such as the development of consumer-grade, self-service mobile apps, chatbots and ai augmentation, and evolving potential markets. The possible challenges for the market growth are organizational resistance to change, and non-strategic workforce planning and weak usage of workforce analytics. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on component, the global human capital management market is studied across Services, and Software. Based on market, the global human capital management market is studied across Applicant Tracking & Recruiting Management, Cloud Human Capital Management, Employee Scheduling Management, Talent Assessment Services, and Talent Management. Based on industry, the global human capital management market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global human capital management market is studied across On-Cloud, and On-Premises. Based on geography, the global human capital management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the human capital management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Automatic Data Processing, LLC, Ceridian HCM Holding Inc., Cornerstone Ondemand, Inc., Employwise, Inc., Infor, Inc., International Business Machines Corporation, Kronos, Inc., Oracle Corporation, Paycom Software, Inc., Peoplestrategy, Inc., SAP SE, Sumtotal Systems, LLC., Ultimate Software Group, Inc., and Workday, Inc..
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