Human Capital Management (HCM) Market Expected to Reach 19.88 Billion USD by 2021

Human capital management market categorizes the global market by solution as core HR, talent management, payroll and tax, workforce planning and analytics, recruiting, by service as implementation, training, consulting, by deployment, by user, by industry vertical & by Geography.Pune, India -- (SBWIRE) -- 07/11/2016 -- According to a new market research report "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", published by MarketsandMarkets, The HCM market is expected to reach USD 19.88 Billion by 2021, at a CAGR of 9.6% during the forecast period. HCM is growing gradually and is being adopted by users to standardize processes for both workforce and talent management. The continuous developments in this technology and its solutions have also encouraged users to adopt HCM solutions and services.

Browse 69 market data Tables and 72 Figures spread through 191 Pages and in-depth TOC on "Human Capital Management Market - Global Forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/human-capital-management-market-193746782.html

Early buyers will receive 10% customization on this report.

Core HR and workforce planning and analytics are expected to be the largest contributor in the global HCM market during the forecast period

In the HCM market, due to the rising demands for advanced HR processes such as personnel tracking and workforce management across all industry verticals, the core HR and workforce planning and analytics in the solutions' segment is expected to contribute the highest in the overall revenue generation during the forecast period.

The transportation and logistics industry vertical is expected to show significant growth rate in terms of adoption of HCM-based solutions and services

Managing multiple resources and meeting customer requirements has become one of the most important aspects of the transportation and logistics sector. The concept of HCM has led the industry to focus more on improving delivery services and managing and attracting talent. Moreover, transportation and logistics companies are compelled to integrate HR systems with operational and financial systems. Furthermore, in this industry, clients demand and expect high quality services to be delivered on time. Therefore, the need to attract talent and best resources is encouraging this industry to adopt HCM solutions at a fast pace.

With growing technological advancements in the countries of North America, the region is expected to be the largest contributor of HCM solutions during the forecast period.

The North America region has been a predominately concerned market regarding the adoption of HCM solutions and services. The high adoption of digital technology across all major industries helps the HCM market to grow in North America, particularly in the U.S. and Canada. The market is in the emerging stage in the regions of Asia-Pacific (APAC), Latin America, and Middle East and Africa (MEA). Therefore, these regions exhibit immense scope for the adoption of HCM solutions. Additionally, the growing technological developments in the field of cloud, analytics, and the emergence of mobile technologies have led to the high adoption of HCM solutions in major industries such as Banking, Financial Services, and Insurance (BFSI), transportation and logistics, and healthcare.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=193746782

The HCM market consists of major players such as SAP SE (Germany), ADP (U.S.), Oracle (U.S.), Infor (U.S.), and Ceridian (U.S.). There is also a significant presence of other niche players such as NetSuite (U.S.), Ultimate Software (U.S.), Halogen Software (Canada), Lumesse (U.K.), and Fairsail (U.K.) in this market.

About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: Mr. Rohan Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarketsFor more information on this press release visit: http://www.sbwire.com/press-releases/human-capital-management-hcm-market-expected-to-reach-1988-billion-usd-by-2021-704992.htm

Media Relations Contact