조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년04월
Human Capital Management Market – Global Forecast To 2029
인적 자본 관리(HCM) 시장 : 제공 내용 [소프트웨어 (코어 HR, ATS, HR 애널리틱스, 노동력 관리) & 서비스], 도입 모델, 조직 규모, 업종 (BFSI, 제조, IT & 통신, 정부) & 지역별 – 2029년까지의 세계 예측
Human Capital Management Market by Offering (Software (Core HR, ATS, HR Analytics, and Workforce Management) and Services), Deployment Model, Organization Size, Vertical (BFSI, Manufacturing, IT & Telecom, Government) & Region – Global Forecast to 2029
| 페이지 수 | 295 |
| 도표 수 | 456 |
| 가격 | |
| Single User License | USD 4,950 |
| Multi User License | USD 6,650 |
| Corporate License | USD 8,150 |
| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The HCM market is expected to grow from USD 27.5 billion in 2024 to USD 41.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
인적 자본 관리(HCM) 시장 : 2029년까지의 세계 예측 시장은 예측 기간 동안 연평균 성장률(CAGR) 8.5%로 2024년 275억 달러에서 2029년 413억 달러로 성장할 것으로 예상됩니다.
The HCM market is undergoing a rapid evolution spurred by several key factors. Technological advancements have revolutionized traditional HR practices, with cloud-based solutions, AI, and analytics driving efficiency and insight. In addition, globalization has necessitated the need for scalable and adaptable HCM platforms that can support diverse workforces across various geographical locations. Moreover, the growing emphasis on talent management, employee engagement, and workforce optimization has reshaped the priorities within the HCM landscape, prompting a shift towards more holistic and integrated solutions.
“As per the organization size, SMEs are expected to grow at the second highest CAGR during the forecast period. “
The employee count of SMEs generally ranges between 1 and 1,000. Small capital, less complex environment, and low integration with advanced technologies affect the adoption of HCM in SMEs. SMEs face specific challenges, such as domain-specific personnel and skilled workforce requirements, budget constraints, and limited economies of scale. Tier 2 and tier 3 HCM providers mainly serve them. To make well-informed decisions for their business growth, SMEs have been forced to invest in HCM software and adopt go-to-market strategies due to increased attrition rates, expensive recruitment expenses, and a competitive market. Because of their budget constraints and requirement for scalable, practical solutions, small and medium-sized enterprises (SMEs) face particular HR issues. HCM providers catering to SMEs provide comprehensive HR software tailored to their needs. These solutions streamline essential HR processes such as payroll, recruitment, attendance tracking, and performance management, enabling SMEs to manage their workforce effectively. By leveraging HCM software, SMEs can enhance employee engagement, ensure compliance with labor regulations, and drive business growth. Providers like HROne and CBIZ offer customizable and cost-effective HCM solutions to help SMEs optimize their HR operations and foster organizational success.
“As per the software, CoreHR is expected to hold the highest market share during the forecast period. “
CoreHR software forms the foundational element of HCM systems, encompassing essential HR functions and processes. This software typically includes features such as employee data management, payroll processing, benefits administration, and compliance management. It is a centralized repository for critical HR information, enabling organizations to efficiently manage employee records, track personnel movements, and administer compensation and benefits packages. CoreHR software streamlines routine HR tasks, enhances data accuracy and ensures compliance with regulatory requirements. Moreover, it facilitates seamless communication between HR departments and employees, enabling self-service functionalities such as accessing pay stubs, updating personal information, and requesting time off. As the backbone of HCM systems, CoreHR software lays the groundwork for effective talent management, workforce planning, and strategic decision-making, contributing to overall operational excellence and employee satisfaction.
“As per vertical, the healthcare & life sciences vertical will grow at the second highest CAGR in 2024. “
In Healthcare and Life Sciences, HCM encompasses strategies and processes to effectively manage and optimize the workforce for optimal patient care and organizational success. Verisys is a leading provider contributing to HCM in Healthcare and Life Sciences by offering advanced compliance and data management solutions. Their suite of services, including FACIS® for Compliance and Safety and credentialing and provider data management, ensures regulatory compliance, streamlines onboarding processes, and enhances workforce efficiency across diverse healthcare markets. Oracle is another notable Healthcare and Life Sciences provider, offering comprehensive HCM solutions tailored to industry-specific needs. With features like Oracle Recruiting and Oracle Journeys, Oracle enables organizations to find specialized talent efficiently, enhance employee engagement, and align people plans with product lifecycles. Their advanced HCM controls ensure data security and compliance, empowering healthcare organizations to optimize workforce management and drive organizational success.
The breakup of the profiles of the primary participants is below:
By Company: Tier I: 48%, Tier II: 37%, and Tier III: 15%
By Designation: C-Level Executives: 40%, Director Level: 34%, and Others: 26%
By Region: North America: 42%, Europe: 31%, Asia Pacific: 16%, Rest of World: 11%
Note: Others include sales managers, marketing managers, and product managers
Note: The rest of the World consists of the Middle East & Africa, and Latin America
Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Some of the significant vendors offering HCM software across the globe include.
Workday (US), UKG (US), Oracle (US), SAP (Germany), Dayforce (US), ADP (US), Paylocity (US), Paycom (US), Cornerstone (US), and Microsoft (US).
Research coverage:
The HCM market is covered by the market study in all its segments. This study evaluates the market’s size and growth potential in various market segments, including offering, deployment model, organization size, vertical, and geography. It contains a thorough competition analysis of the major market participants, company biographies, important insights regarding their business and product offerings, new developments, and crucial market strategies.
Reasons to buy this report:
With information on the most accurate estimates of revenue figures for the entire HCM market and its subsegments, the research will benefit market leaders and recent newcomers. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (as companies engage in the ongoing “war for talent,” HCM solutions emerge as essential tools, offering streamlined recruitment processes, comprehensive workforce management, and personalized employee engagement strategies), restraints (security concerns over cloud-based deployment), opportunities (integration of AI-driven analytics into HCM systems heralds a new era of workforce optimization and strategic talent management), and challenges (presence of multiple generations with distinct work styles and communication preferences necessitates adaptable HCM systems to ensure equitable treatment and collaborative efficiency).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the HCM market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the HCM market across varied regions.
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the HCM market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and business processes offered in HCM of leading players like Workday (US), UKG (US), Oracle (US), SAP (Germany), Dayforce (US), among others in the HCM market.
Table of Contents
1 INTRODUCTION 51
1.1 STUDY OBJECTIVES 51
1.2 MARKET DEFINITION 51
1.2.1 INCLUSIONS AND EXCLUSIONS 52
1.3 STUDY SCOPE 53
1.3.1 MARKET SEGMENTATION 53
1.3.2 REGIONS COVERED 54
1.4 YEARS CONSIDERED 54
1.5 CURRENCY CONSIDERED 55
TABLE 1 USD EXCHANGE RATES, 2019–2023 55
1.6 STAKEHOLDERS 55
1.7 SUMMARY OF CHANGES 56
1.7.1 IMPACT OF RECESSION 56
2 RESEARCH METHODOLOGY 58
2.1 RESEARCH DATA 58
FIGURE 1 HUMAN CAPITAL MANAGEMENT MARKET: RESEARCH DESIGN 58
2.1.1 SECONDARY DATA 59
2.1.2 PRIMARY DATA 60
2.1.2.1 Breakup of primary profiles 60
2.1.2.2 Key insights from industry experts 60
2.2 DATA TRIANGULATION 61
FIGURE 2 HUMAN CAPITAL MANAGEMENT MARKET: DATA TRIANGULATION 61
2.3 MARKET SIZE ESTIMATION 62
FIGURE 3 HUMAN CAPITAL MANAGEMENT MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 62
2.3.1 TOP-DOWN APPROACH 63
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 63
2.3.2 BOTTOM-UP APPROACH 63
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 63
FIGURE 6 HUMAN CAPITAL MANAGEMENT MARKET: RESEARCH FLOW 64
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 64
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM SUPPLY SIDE – COLLECTIVE REVENUE OF VENDORS 65
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY – (SUPPLY SIDE): CAGR PROJECTIONS FROM SUPPLY SIDE 65
FIGURE 10 DEMAND-SIDE APPROACH: HUMAN CAPITAL MANAGEMENT MARKET 66
2.4 MARKET FORECAST 66
TABLE 2 FACTOR ANALYSIS 66
2.5 IMPACT OF RECESSION ON GLOBAL HUMAN CAPITAL MANAGEMENT MARKET 67
2.6 RESEARCH ASSUMPTIONS 68
2.7 LIMITATIONS 69
3 EXECUTIVE SUMMARY 70
TABLE 3 HUMAN CAPITAL MANAGEMENT MARKET SIZE AND GROWTH, 2019–2023 (USD MILLION, Y-O-Y) 71
TABLE 4 HUMAN CAPITAL MANAGEMENT MARKET SIZE AND GROWTH, 2024–2029 (USD MILLION, Y-O-Y) 71
FIGURE 11 GLOBAL HUMAN CAPITAL MANAGEMENT MARKET TO WITNESS SIGNIFICANT GROWTH, 2019–2029 71
FIGURE 12 FASTEST-GROWING SEGMENTS IN HUMAN CAPITAL MANAGEMENT MARKET, 2024–2029 72
FIGURE 13 HUMAN CAPITAL MANAGEMENT MARKET: REGIONAL SNAPSHOT 73
4 PREMIUM INSIGHTS 74
4.1 OVERVIEW OF HUMAN CAPITAL MANAGEMENT MARKET 74
FIGURE 14 SHIFT TOWARD MOBILE-CENTRIC USAGE AND NEED FOR UPDATED HRIS SOFTWARE TO DRIVE MARKET 74
4.2 HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING 74
FIGURE 15 SOFTWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 74
4.3 HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE 75
FIGURE 16 CORE HR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 75
4.4 HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE 75
FIGURE 17 PROFESSIONAL SERVICES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 75
4.5 HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL 76
FIGURE 18 CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 76
4.6 HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE 76
FIGURE 19 LARGE ENTERPRISES TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 76
4.7 HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL 77
FIGURE 20 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 77
4.8 HUMAN CAPITAL MANAGEMENT MARKET: REGIONAL SCENARIO 77
FIGURE 21 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENT IN NEXT FIVE YEARS 77
5 MARKET OVERVIEW AND INDUSTRY TRENDS 78
5.1 INTRODUCTION 78
5.2 MARKET DYNAMICS 78
FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: HUMAN CAPITAL MANAGEMENT MARKET 78
5.2.1 DRIVERS 78
5.2.1.1 High demand for talent attraction and retention 78
5.2.1.2 Requirement for unified HR systems 79
5.2.1.3 Need for adherence to compliance and labor laws 79
5.2.1.4 Performance enhancement fueling organizational success through HCM 79
5.2.1.5 Integration of AI and ML in HCM suites 79
5.2.2 RESTRAINTS 80
5.2.2.1 Security concerns over cloud-based deployment 80
5.2.3 OPPORTUNITIES 80
5.2.3.1 Cloud ecosystem improves HCM scalability and integration 80
5.2.3.2 Increasing demand for AI-driven analytics in organizations 80
5.2.3.3 Implementation of remote working models 80
5.2.4 CHALLENGES 81
5.2.4.1 Complex workforce dynamics 81
5.2.4.2 Intricacy of technical integration and high cost of implementation 81
5.3 CASE STUDY ANALYSIS 81
5.3.1 PAYLOCITY HELPED WATTERS INTERNATIONAL REALTY FIRM SAVE TIME AND MONEY AND ENABLE AGENTS TO MANAGE INFORMATION INDEPENDENTLY 81
5.3.2 FAST-FOOD FRANCHISE SAVED MONEY IN ANNUAL FEDERAL TAX CREDITS BY DEPLOYING PAYCOM’S TAX CREDITS SOFTWARE 82
5.3.3 PUMA ENHANCED ITS ORGANIZATIONAL CULTURE, COMPETITIVENESS, AND COMPETENCE AFTER DEPLOYING WORKDAY HCM SOLUTIONS 83
5.3.4 FEEDING AMERICA INCREASED OPERATIONAL EFFICIENCY WITH HELP OF UKG PRO 83
5.3.5 AMERICAN CEDAR & MILLWORK ACHIEVED OPTIMIZED WORKFORCE MANAGEMENT BY IMPLEMENTING BAMBOOHR’S TIME TRACKING 84
5.3.6 AVIDBOTS PROVIDED ITS EMPLOYEES WITH EFFORTLESS TIME TRACKING AND PAID TIME OFF WITH BAMBOOHR 84
5.4 VALUE CHAIN ANALYSIS 85
FIGURE 23 HUMAN CAPITAL MANAGEMENT MARKET: VALUE CHAIN ANALYSIS 85
5.5 ECOSYSTEM/MARKET MAP 86
FIGURE 24 HUMAN CAPITAL MANAGEMENT MARKET: ECOSYSTEM 86
5.6 TECHNOLOGY ANALYSIS 87
5.6.1 KEY TECHNOLOGIES 87
5.6.1.1 Cloud computing 87
5.6.1.2 Analytics 87
5.6.2 COMPLEMENTARY TECHNOLOGIES 87
5.6.2.1 IoT 87
5.6.2.2 Data integration tools 88
5.6.3 ADJACENT TECHNOLOGIES 88
5.6.3.1 AI 88
5.6.3.2 ML 88
5.7 PRICING ANALYSIS 89
TABLE 5 INDICATIVE PRICING ANALYSIS OF HUMAN CAPITAL MANAGEMENT VENDORS, BY SOFTWARE 89
5.8 PATENT ANALYSIS 90
FIGURE 25 NUMBER OF PATENTS PUBLISHED, 2013–2023 90
FIGURE 26 TOP FIVE PATENT OWNERS (GLOBAL) 90
TABLE 6 TOP 10 PATENT APPLICANTS (US) 91
5.9 PORTER’S FIVE FORCES’ ANALYSIS 91
FIGURE 27 HUMAN CAPITAL MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 92
TABLE 7 PORTER’S FIVE FORCES’ IMPACT ON HUMAN CAPITAL MANAGEMENT MARKET 92
5.9.1 THREAT OF NEW ENTRANTS 92
5.9.2 THREAT OF SUBSTITUTES 93
5.9.3 BARGAINING POWER OF SUPPLIERS 93
5.9.4 BARGAINING POWER OF BUYERS 93
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 93
5.10 REGULATORY LANDSCAPE 94
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 11 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
5.10.2 REGULATIONS 95
5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 98
FIGURE 28 HUMAN CAPITAL MANAGEMENT MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 98
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 99
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 99
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO VERTICALS 99
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO VERTICALS 99
5.12.2 BUYING CRITERIA 100
FIGURE 30 KEY BUYING CRITERIA FOR END USERS 100
TABLE 13 KEY BUYING CRITERIA FOR END USERS 100
5.13 BUSINESS MODEL ANALYSIS 100
FIGURE 31 HUMAN CAPITAL MANAGEMENT MARKET: BUSINESS MODEL ANALYSIS 101
5.14 KEY CONFERENCES AND EVENTS 101
TABLE 14 HUMAN CAPITAL MANAGEMENT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2024–2025 101
5.15 INVESTMENT AND FUNDING SCENARIO 102
FIGURE 32 INVESTMENT AND FUNDING SCENARIO OF MAJOR HUMAN CAPITAL MANAGEMENT COMPANIES 102
6 HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING 103
6.1 INTRODUCTION 104
FIGURE 33 SOFTWARE SEGMENT TO HOLD LARGER MARKET DURING FORECAST PERIOD 104
6.1.1 OFFERINGS: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 104
TABLE 15 HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 105
TABLE 16 HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 105
6.2 SOFTWARE 105
FIGURE 34 CORE HR SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD 106
TABLE 17 SOFTWARE: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 106
TABLE 18 SOFTWARE: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 106
TABLE 19 HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 107
TABLE 20 HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 107
6.2.1 CORE HR 107
TABLE 21 CORE HR: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 107
TABLE 22 CORE HR: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 108
6.2.1.1 Benefits & claims management 108
6.2.1.2 Payroll & compensation management 108
6.2.1.3 Personnel management 108
6.2.1.4 Learning management 108
6.2.1.5 Pension management 109
6.2.1.6 Compliance management 109
6.2.1.7 Other core HR applications 109
6.2.2 APPLICANT TRACKING SYSTEM 109
TABLE 23 APPLICANT TRACKING SYSTEM: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 110
TABLE 24 APPLICANT TRACKING SYSTEM: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 110
6.2.2.1 Candidate sourcing 110
6.2.2.2 Candidate screening 110
6.2.2.3 Application management 111
6.2.2.4 Interview management 111
6.2.2.5 Other ATS applications 111
6.2.3 HR ANALYTICS 111
TABLE 25 HR ANALYTICS: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 112
TABLE 26 HR ANALYTICS: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 112
6.2.3.1 People analytics 112
6.2.3.2 HR metrics reporting 112
6.2.3.3 Performance metrics & KPI tracking 112
6.2.3.4 Talent acquisition metrics 113
6.2.3.5 Attrition analytics 113
6.2.4 WORKFORCE MANAGEMENT 113
TABLE 27 WORKFORCE MANAGEMENT: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 113
TABLE 28 WORKFORCE MANAGEMENT: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 114
6.2.4.1 Time & attendance management 114
6.2.4.2 Leave & absence management 114
6.2.4.3 Workforce scheduling 114
6.2.4.4 Workforce analytics 115
6.2.4.5 Other workforce management applications 115
6.3 SERVICES 115
FIGURE 35 MANAGED SERVICES SEGMENT TO HOLD HIGHER CAGR DURING FORECAST PERIOD 116
TABLE 29 SERVICES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 116
TABLE 30 SERVICES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 116
TABLE 31 HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 117
TABLE 32 HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 117
6.3.1 PROFESSIONAL SERVICES 117
TABLE 33 PROFESSIONAL SERVICES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 117
TABLE 34 PROFESSIONAL SERVICES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 118
TABLE 35 HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 118
TABLE 36 HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 118
6.3.1.1 Integration & implementation 118
TABLE 37 INTEGRATION & IMPLEMENTATION: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 119
TABLE 38 INTEGRATION & IMPLEMENTATION: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 119
6.3.1.2 Training & education 119
TABLE 39 TRAINING & EDUCATION: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 119
TABLE 40 TRAINING & EDUCATION: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 120
6.3.1.3 Consulting 120
TABLE 41 CONSULTING: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 120
TABLE 42 CONSULTING: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 121
6.3.2 MANAGED SERVICES 121
TABLE 43 MANAGED SERVICES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 121
TABLE 44 MANAGED SERVICES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 122
6.3.2.1 Support & maintenance 122
6.3.2.2 HR outsourcing 122
6.3.2.3 Payroll processing 122
7 HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL 123
7.1 INTRODUCTION 124
7.1.1 DEPLOYMENT MODELS: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 124
TABLE 45 HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 125
TABLE 46 HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 125
7.2 ON-PREMISES 125
TABLE 47 ON-PREMISES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 126
TABLE 48 ON-PREMISES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 126
7.3 CLOUD 126
TABLE 49 CLOUD: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 127
TABLE 50 CLOUD: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 127
8 HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE 128
8.1 INTRODUCTION 129
8.1.1 ORGANIZATION SIZES: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 129
TABLE 51 HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 130
TABLE 52 HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 130
8.2 SMALL AND MEDIUM-SIZED ENTERPRISES 130
TABLE 53 SMALL AND MEDIUM-SIZED ENTERPRISES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 131
TABLE 54 SMALL AND MEDIUM-SIZED ENTERPRISES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 131
8.3 LARGE ENTERPRISES 131
TABLE 55 LARGE ENTERPRISES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 132
TABLE 56 LARGE ENTERPRISES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 132
9 HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL 133
9.1 INTRODUCTION 134
9.1.1 VERTICALS: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 134
TABLE 57 HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 135
TABLE 58 HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 136
9.2 BFSI 136
TABLE 59 BFSI: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 136
TABLE 60 BFSI: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 137
9.2.1 BFSI: APPLICATION AREAS 137
9.2.1.1 Compliance training 137
9.2.1.2 Fraud prevention 137
9.2.1.3 Risk management 137
9.2.1.4 Sales performance management 137
9.2.1.5 Talent pipelining 138
9.3 GOVERNMENT 138
TABLE 61 GOVERNMENT: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 138
TABLE 62 GOVERNMENT: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 139
9.3.1 GOVERNMENT: APPLICATION AREAS 139
9.3.1.1 Public sector recruitment 139
9.3.1.2 Workforce diversity & inclusion 139
9.3.1.3 Civil service classification 139
9.3.1.4 Public policy training 139
9.3.1.5 Public health & safety training 140
9.4 MANUFACTURING 140
TABLE 63 MANUFACTURING: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 140
TABLE 64 MANUFACTURING: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 140
9.4.1 MANUFACTURING: APPLICATION AREAS 141
9.4.1.1 Lean manufacturing practices 141
9.4.1.2 Safety training & compliance 141
9.4.1.3 Productivity tracking 141
9.4.1.4 Quality control & assurance training 141
9.4.1.5 Maintenance workforce management 141
9.5 IT & TELECOM 141
TABLE 65 IT & TELECOM: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 142
TABLE 66 IT & TELECOM: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 142
9.5.1 IT & TELECOM: APPLICATION AREAS 142
9.5.1.1 Customer service training 142
9.5.1.2 Emerging technologies training 142
9.5.1.3 Cybersecurity skills development 143
9.5.1.4 Product launch training 143
9.5.1.5 Telecom regulatory compliance 143
9.6 CONSUMER GOODS & RETAIL 143
TABLE 67 CONSUMER GOODS & RETAIL: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 144
TABLE 68 CONSUMER GOODS & RETAIL: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 144
9.6.1 CONSUMER GOODS & RETAIL: APPLICATION AREAS 144
9.6.1.1 Merchandising & inventory management training 144
9.6.1.2 Retail store operations training 144
9.6.1.3 Customer experience training 145
9.6.1.4 Sales performance tracking 145
9.6.1.5 Labor cost management 145
9.7 HEALTHCARE & LIFE SCIENCES 145
TABLE 69 HEALTHCARE & LIFE SCIENCES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 145
TABLE 70 HEALTHCARE & LIFE SCIENCES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 146
9.7.1 HEALTHCARE & LIFE SCIENCES: APPLICATION AREAS 146
9.7.1.1 Clinical skill training 146
9.7.1.2 EHR training 146
9.7.1.3 Patient safety training 146
9.7.1.4 Health compliance & ethics training 146
9.7.1.5 Healthcare compliance management 147
9.8 ENERGY & UTILITIES 147
TABLE 71 ENERGY & UTILITIES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 147
TABLE 72 ENERGY & UTILITIES: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 147
9.8.1 ENERGY & UTILITIES: APPLICATION AREAS 148
9.8.1.1 Renewable energy workforce development 148
9.8.1.2 Disaster preparedness training 148
9.8.1.3 FSM 148
9.8.1.4 ETRM training 148
9.8.1.5 Energy conservation programs 148
9.9 TRANSPORTATION & LOGISTICS 149
TABLE 73 TRANSPORTATION & LOGISTICS: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 149
TABLE 74 TRANSPORTATION & LOGISTICS: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 149
9.9.1 TRANSPORTATION & LOGISTICS: APPLICATION AREAS 150
9.9.1.1 Transportation safety training 150
9.9.1.2 Warehouse operations & inventory control training 150
9.9.1.3 Fleet management skills development 150
9.9.1.4 TMS training 150
9.9.1.5 SCM training 150
9.10 OTHER VERTICALS 150
TABLE 75 OTHER VERTICALS: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 151
TABLE 76 OTHER VERTICALS: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 151
10 HUMAN CAPITAL MANAGEMENT MARKET, BY REGION 152
10.1 INTRODUCTION 153
FIGURE 39 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 153
TABLE 77 HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 153
TABLE 78 HUMAN CAPITAL MANAGEMENT MARKET, BY REGION, 2024–2029 (USD MILLION) 154
10.2 NORTH AMERICA 154
10.2.1 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 154
10.2.2 NORTH AMERICA: RECESSION IMPACT 154
FIGURE 40 NORTH AMERICA: MARKET SNAPSHOT 155
TABLE 79 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 156
TABLE 80 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 156
TABLE 81 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 156
TABLE 82 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 156
TABLE 83 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 157
TABLE 84 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 157
TABLE 85 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 157
TABLE 86 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 157
TABLE 87 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 158
TABLE 88 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 158
TABLE 89 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 158
TABLE 90 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 158
TABLE 91 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 159
TABLE 92 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 159
TABLE 93 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 159
TABLE 94 NORTH AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 160
10.2.3 US 160
10.2.3.1 Expanding IT industry to enhance employee experience and workforce management efficiency 160
TABLE 95 US: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 160
TABLE 96 US: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 160
TABLE 97 US: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 161
TABLE 98 US: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 161
TABLE 99 US: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 161
TABLE 100 US: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 161
TABLE 101 US: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 162
TABLE 102 US: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 162
TABLE 103 US: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 162
TABLE 104 US: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 162
10.2.4 CANADA 163
10.2.4.1 Increasing popularity of cloud services, need for workforce optimization, and focus on talent mobility to propel market 163
TABLE 105 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 163
TABLE 106 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 163
TABLE 107 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 163
TABLE 108 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 164
TABLE 109 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 164
TABLE 110 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 164
TABLE 111 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 164
TABLE 112 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 165
TABLE 113 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 165
TABLE 114 CANADA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 165
10.3 EUROPE 165
10.3.1 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 165
10.3.2 EUROPE: RECESSION IMPACT 166
TABLE 115 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 166
TABLE 116 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 166
TABLE 117 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 167
TABLE 118 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 167
TABLE 119 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 167
TABLE 120 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 167
TABLE 121 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 168
TABLE 122 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 168
TABLE 123 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 168
TABLE 124 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 168
TABLE 125 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 169
TABLE 126 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 169
TABLE 127 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 169
TABLE 128 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 170
TABLE 129 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 170
TABLE 130 EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 170
10.3.3 UK 171
10.3.3.1 Focus on workforce analytics and keen adoption of advanced technology to spur market growth 171
TABLE 131 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 171
TABLE 132 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 171
TABLE 133 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 172
TABLE 134 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 172
TABLE 135 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 172
TABLE 136 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 172
TABLE 137 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 173
TABLE 138 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 173
TABLE 139 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 173
TABLE 140 UK: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 173
10.3.4 GERMANY 174
10.3.4.1 Presence of major HCM software providers and need for data protection and compliance to accelerate market growth 174
TABLE 141 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 174
TABLE 142 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 174
TABLE 143 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 175
TABLE 144 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 175
TABLE 145 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 175
TABLE 146 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 175
TABLE 147 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 176
TABLE 148 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 176
TABLE 149 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 176
TABLE 150 GERMANY: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 176
10.3.5 FRANCE 177
10.3.5.1 Rising adoption of cloud-based HCM solutions and focus on data security and compliance and employee self-service features to boost market growth 177
TABLE 151 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 177
TABLE 152 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 177
TABLE 153 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 178
TABLE 154 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 178
TABLE 155 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 178
TABLE 156 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 178
TABLE 157 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 179
TABLE 158 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 179
TABLE 159 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 179
TABLE 160 FRANCE: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 179
10.3.6 ITALY 180
10.3.6.1 Concerns about data security and compliance to fuel demand for HCM solutions 180
TABLE 161 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 180
TABLE 162 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 180
TABLE 163 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 180
TABLE 164 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 181
TABLE 165 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 181
TABLE 166 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 181
TABLE 167 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 181
TABLE 168 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 182
TABLE 169 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 182
TABLE 170 ITALY: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 182
10.3.7 REST OF EUROPE 182
TABLE 171 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 183
TABLE 172 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 183
TABLE 173 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 183
TABLE 174 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 183
TABLE 175 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 184
TABLE 176 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 184
TABLE 177 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 184
TABLE 178 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 184
TABLE 179 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 185
TABLE 180 REST OF EUROPE: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 185
10.4 ASIA PACIFIC 185
10.4.1 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 185
10.4.2 ASIA PACIFIC: RECESSION IMPACT 186
FIGURE 41 ASIA PACIFIC: MARKET SNAPSHOT 187
TABLE 181 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 187
TABLE 182 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 188
TABLE 183 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 188
TABLE 184 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 188
TABLE 185 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 188
TABLE 186 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 189
TABLE 187 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 189
TABLE 188 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 189
TABLE 189 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 189
TABLE 190 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 190
TABLE 191 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 190
TABLE 192 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 190
TABLE 193 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 190
TABLE 194 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 191
TABLE 195 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 191
TABLE 196 ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 191
10.4.3 CHINA 192
10.4.3.1 Need to maintain competitive market position, stable economy, and availability of skilled labor to drive market 192
TABLE 197 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 192
TABLE 198 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 192
TABLE 199 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 193
TABLE 200 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 193
TABLE 201 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 193
TABLE 202 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 193
TABLE 203 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 194
TABLE 204 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 194
TABLE 205 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 194
TABLE 206 CHINA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 194
10.4.4 JAPAN 195
10.4.4.1 Need to review employee performance, streamline employee onboarding, and improve employee experience to propel market 195
TABLE 207 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 195
TABLE 208 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 195
TABLE 209 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 195
TABLE 210 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 196
TABLE 211 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 196
TABLE 212 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 196
TABLE 213 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 196
TABLE 214 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 197
TABLE 215 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 197
TABLE 216 JAPAN: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 197
10.4.5 AUSTRALIA & NEW ZEALAND 197
10.4.5.1 Adoption of cloud-based HR management software, substantial growth in eCommerce sector, and rapid globalization to drive market 197
TABLE 217 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 198
TABLE 218 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 198
TABLE 219 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 198
TABLE 220 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 198
TABLE 221 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 199
TABLE 222 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 199
TABLE 223 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 199
TABLE 224 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 199
TABLE 225 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 200
TABLE 226 AUSTRALIA & NEW ZEALAND: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 200
10.4.6 INDIA 200
10.4.6.1 Drivers 200
10.4.6.1.1 Increasing globalization of businesses necessitates efficient HCM strategies to adapt to diverse workforce dynamics 200
10.4.6.1.2 Younger workforce reshaping expectations of workplace culture 200
10.4.6.1.3 Growing focus on employee well-being programs for improving work-life balance 201
10.4.6.2 Restraints 201
10.4.6.2.1 Rapid job switching among employees 201
10.4.6.3 Opportunities 201
10.4.6.3.1 Increasing adoption of advanced technologies enabling informed decision-making 201
10.4.6.3.2 Mobile-responsive HCM software improving productivity 201
10.4.6.4 Challenges 201
10.4.6.4.1 Complex labor laws and regulation poses challenges for compliance 201
TABLE 227 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 202
TABLE 228 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 202
TABLE 229 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 202
TABLE 230 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 202
TABLE 231 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 203
TABLE 232 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 203
TABLE 233 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 203
TABLE 234 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 203
TABLE 235 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 204
TABLE 236 INDIA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 204
10.4.7 REST OF ASIA PACIFIC 204
TABLE 237 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 204
TABLE 238 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 205
TABLE 239 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 205
TABLE 240 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 205
TABLE 241 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 205
TABLE 242 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 206
TABLE 243 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 206
TABLE 244 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 206
TABLE 245 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 206
TABLE 246 REST OF ASIA PACIFIC: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 207
10.5 MIDDLE EAST & AFRICA 207
10.5.1 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 207
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 207
TABLE 247 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 208
TABLE 248 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 208
TABLE 249 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 208
TABLE 250 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 208
TABLE 251 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 209
TABLE 252 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 209
TABLE 253 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 209
TABLE 254 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 209
TABLE 255 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 210
TABLE 256 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 210
TABLE 257 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 210
TABLE 258 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 210
TABLE 259 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 211
TABLE 260 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 211
TABLE 261 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY/REGION, 2019–2023 (USD MILLION) 211
TABLE 262 MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY/REGION, 2024–2029 (USD MILLION) 212
10.5.3 GCC COUNTRIES 212
10.5.3.1 Huge demand for outsourcing to foster market growth 212
TABLE 263 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 212
TABLE 264 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 212
TABLE 265 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 213
TABLE 266 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 213
TABLE 267 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 213
TABLE 268 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 213
TABLE 269 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 214
TABLE 270 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 214
TABLE 271 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 214
TABLE 272 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 214
TABLE 273 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 215
TABLE 274 GCC COUNTRIES: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 215
10.5.3.2 Saudi Arabia 215
10.5.3.3 UAE 215
10.5.3.4 Rest of GCC countries 216
10.5.4 SOUTH AFRICA 216
10.5.4.1 Growing use of cloud services to boost adoption of HCM 216
TABLE 275 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 216
TABLE 276 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 216
TABLE 277 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 217
TABLE 278 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 217
TABLE 279 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 217
TABLE 280 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 217
TABLE 281 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 218
TABLE 282 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 218
TABLE 283 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 218
TABLE 284 SOUTH AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 218
10.5.5 REST OF MIDDLE EAST & AFRICA 218
TABLE 285 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 219
TABLE 286 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 219
TABLE 287 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 219
TABLE 288 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 220
TABLE 289 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 220
TABLE 290 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 220
TABLE 291 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 220
TABLE 292 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 221
TABLE 293 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 221
TABLE 294 REST OF MIDDLE EAST & AFRICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 221
10.6 LATIN AMERICA 221
10.6.1 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET DRIVERS 222
10.6.2 LATIN AMERICA: RECESSION IMPACT 222
TABLE 295 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 222
TABLE 296 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 223
TABLE 297 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 223
TABLE 298 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 223
TABLE 299 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 223
TABLE 300 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 224
TABLE 301 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 224
TABLE 302 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 224
TABLE 303 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 224
TABLE 304 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 225
TABLE 305 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 225
TABLE 306 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 225
TABLE 307 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2019–2023 (USD MILLION) 225
TABLE 308 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 226
TABLE 309 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 226
TABLE 310 LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 226
10.6.3 BRAZIL 227
10.6.3.1 Need for centralized platform to automate and streamline HR processes to boost demand for HCM solutions 227
TABLE 311 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 227
TABLE 312 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 227
TABLE 313 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 227
TABLE 314 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 228
TABLE 315 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 228
TABLE 316 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 228
TABLE 317 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 228
TABLE 318 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 229
TABLE 319 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 229
TABLE 320 BRAZIL: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 229
10.6.4 MEXICO 229
10.6.4.1 Growing focus on improving business operations to drive market 229
TABLE 321 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 230
TABLE 322 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 230
TABLE 323 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 230
TABLE 324 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 230
TABLE 325 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 231
TABLE 326 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 231
TABLE 327 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 231
TABLE 328 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 231
TABLE 329 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 232
TABLE 330 MEXICO: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 232
10.6.5 REST OF LATIN AMERICA 232
TABLE 331 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 232
TABLE 332 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY OFFERING, 2024–2029 (USD MILLION) 233
TABLE 333 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2019–2023 (USD MILLION) 233
TABLE 334 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SOFTWARE, 2024–2029 (USD MILLION) 233
TABLE 335 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2019–2023 (USD MILLION) 233
TABLE 336 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY SERVICE, 2024–2029 (USD MILLION) 234
TABLE 337 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2019–2023 (USD MILLION) 234
TABLE 338 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODEL, 2024–2029 (USD MILLION) 234
TABLE 339 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2023 (USD MILLION) 234
TABLE 340 REST OF LATIN AMERICA: HUMAN CAPITAL MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2024–2029 (USD MILLION) 234
11 COMPETITIVE LANDSCAPE 235
11.1 OVERVIEW 235
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 235
TABLE 341 OVERVIEW OF STRATEGIES ADOPTED BY HUMAN CAPITAL MANAGEMENT VENDORS 235
11.3 REVENUE ANALYSIS 238
FIGURE 42 TOP 5 PLAYERS DOMINATING MARKET IN LAST 5 YEARS 238
11.4 MARKET SHARE ANALYSIS 239
FIGURE 43 SHARE OF LEADING COMPANIES IN HUMAN CAPITAL MANAGEMENT MARKET IN 2023 239
TABLE 342 HUMAN CAPITAL MANAGEMENT MARKET: DEGREE OF COMPETITION 240
11.5 PRODUCT/BRAND COMPARISON 241
FIGURE 44 VENDOR PRODUCTS/BRANDS COMPARISON 241
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 241
FIGURE 45 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE 242
11.6.1 STARS 242
11.6.2 EMERGING LEADERS 243
11.6.3 PERVASIVE PLAYERS 243
11.6.4 PARTICIPANTS 243
FIGURE 46 HUMAN CAPITAL MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 244
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 245
FIGURE 47 HUMAN CAPITAL MANAGEMENT MARKET: OVERALL COMPANY FOOTPRINT 245
TABLE 343 HUMAN CAPITAL MANAGEMENT MARKET: REGIONAL FOOTPRINT 245
TABLE 344 HUMAN CAPITAL MANAGEMENT MARKET: OFFERING FOOTPRINT 246
TABLE 345 HUMAN CAPITAL MANAGEMENT MARKET: DEPLOYMENT MODEL FOOTPRINT 246
TABLE 346 HUMAN CAPITAL MANAGEMENT MARKET: VERTICAL FOOTPRINT 247
11.7 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 247
FIGURE 48 COMPANY EVALUATION MATRIX FOR START-UPS/SMES: CRITERIA WEIGHTAGE 248
FIGURE 49 HUMAN CAPITAL MANAGEMENT MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 249
11.7.1 PROGRESSIVE COMPANIES 249
11.7.2 RESPONSIVE COMPANIES 249
11.7.3 DYNAMIC COMPANIES 250
11.7.4 STARTING BLOCKS 250
11.7.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 250
TABLE 347 HUMAN CAPITAL MANAGEMENT MARKET: KEY START-UPS/SMES 250
TABLE 348 HUMAN CAPITAL MANAGEMENT MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 250
11.8 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 251
FIGURE 50 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 251
11.9 COMPETITIVE SCENARIO & TRENDS 251
11.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS 251
TABLE 349 HUMAN CAPITAL MANAGEMENT MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, OCTOBER 2020–DECEMBER 2023 251
11.9.2 DEALS 254
TABLE 350 HUMAN CAPITAL MANAGEMENT MARKET: DEALS, SEPTEMBER 2022–JANUARY 2024 254
12 COMPANY PROFILES 257
12.1 KEY PLAYERS 257
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices made, and Weaknesses and Competitive threats)*
12.1.1 WORKDAY 257
TABLE 351 WORKDAY: COMPANY OVERVIEW 257
FIGURE 51 WORKDAY: COMPANY SNAPSHOT 258
TABLE 352 WORKDAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 353 WORKDAY: PRODUCT LAUNCHES AND ENHANCEMENTS 259
TABLE 354 WORKDAY: DEALS 259
12.1.2 UKG 261
TABLE 355 UKG: COMPANY OVERVIEW 261
TABLE 356 UKG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
TABLE 357 UKG: PRODUCT LAUNCHES AND ENHANCEMENTS 262
TABLE 358 UKG: DEALS 262
12.1.3 ORACLE 264
TABLE 359 ORACLE: COMPANY OVERVIEW 264
FIGURE 52 ORACLE: COMPANY SNAPSHOT 265
TABLE 360 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
TABLE 361 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 266
TABLE 362 ORACLE: DEALS 266
12.1.4 SAP 268
TABLE 363 SAP: COMPANY OVERVIEW 268
FIGURE 53 SAP: COMPANY SNAPSHOT 269
TABLE 364 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 365 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS 270
TABLE 366 SAP: DEALS 270
12.1.5 DAYFORCE 272
TABLE 367 DAYFORCE: COMPANY OVERVIEW 272
FIGURE 54 DAYFORCE: COMPANY SNAPSHOT 272
TABLE 368 DAYFORCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 273
TABLE 369 DAYFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS 273
TABLE 370 DAYFORCE: DEALS 273
12.1.6 ADP 275
TABLE 371 ADP: COMPANY OVERVIEW 275
FIGURE 55 ADP: COMPANY SNAPSHOT 275
TABLE 372 ADP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 276
TABLE 373 ADP: PRODUCT LAUNCHES AND ENHANCEMENTS 276
TABLE 374 ADP: DEALS 276
12.1.7 PAYLOCITY 278
TABLE 375 PAYLOCITY: COMPANY OVERVIEW 278
FIGURE 56 PAYLOCITY: COMPANY SNAPSHOT 278
TABLE 376 PAYLOCITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 278
TABLE 377 PAYLOCITY: PRODUCT LAUNCHES AND ENHANCEMENTS 279
TABLE 378 PAYLOCITY: DEALS 280
12.1.8 PAYCOM 281
TABLE 379 PAYCOM: COMPANY OVERVIEW 281
FIGURE 57 PAYCOM: COMPANY SNAPSHOT 281
TABLE 380 PAYCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 281
TABLE 381 PAYCOM: PRODUCT LAUNCHES AND ENHANCEMENTS 282
12.1.9 CORNERSTONE 283
TABLE 382 CORNERSTONE: COMPANY OVERVIEW 283
TABLE 383 CORNERSTONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 283
TABLE 384 CORNERSTONE: PRODUCT LAUNCHES AND ENHANCEMENTS 284
TABLE 385 CORNERSTONE: DEALS 284
12.1.10 MICROSOFT 285
TABLE 386 MICROSOFT: COMPANY OVERVIEW 285
FIGURE 58 MICROSOFT: COMPANY SNAPSHOT 285
TABLE 387 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
TABLE 388 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 286
TABLE 389 MICROSOFT: DEALS 286
12.2 OTHER KEY PLAYERS 287
12.2.1 IBM 287
12.2.2 CEGID 287
12.2.3 PEOPLESTRATEGY 288
12.2.4 INFOR 288
12.2.5 RAMCO SYSTEM 289
12.2.6 BAMBOOHR 289
12.2.7 NAMELY 290
12.2.8 WORKFORCE SOFTWARE 290
12.2.9 ZOHO PEOPLE 291
12.2.10 SAGE GROUP 291
12.2.11 EPICOR SOFTWARE 292
12.2.12 BITRIX24 292
12.2.13 GUSTO 293
12.2.14 BENEFITFOCUS 293
12.2.15 WEBHR 294
12.2.16 EMPLOYWISE 294
12.2.17 SYMPA 295
12.2.18 CLAYHR 295
12.2.19 HCM DECK 296
12.2.20 AKRIVIA HCM 296
12.2.21 KENZ INNOVATION 297
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
13 ADJACENT/RELATED MARKETS 298
13.1 INTRODUCTION 298
TABLE 390 ADJACENT MARKETS AND FORECASTS 298
13.2 LIMITATIONS 298
13.3 HUMAN CAPITAL MANAGEMENT MARKET ECOSYSTEM AND ADJACENT MARKETS 298
13.4 CORE HR SOFTWARE MARKET 298
13.4.1 CORE HR SOFTWARE MARKET, BY COMPONENT 299
TABLE 391 CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 299
TABLE 392 CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 299
13.4.2 CORE HR SOFTWARE MARKET, BY SOFTWARE 299
TABLE 393 CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 300
TABLE 394 CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 300
13.4.3 CORE HR SOFTWARE MARKET, BY SERVICE 300
TABLE 395 CORE HR SOFTWARE MARKET, BY SERVICE, 2018–2022 (USD MILLION) 301
TABLE 396 CORE HR SOFTWARE MARKET, BY SERVICE, 2023–2028 (USD MILLION) 301
13.5 WORKFORCE MANAGEMENT MARKET 301
13.5.1 WORKFORCE MANAGEMENT MARKET, BY SOLUTION 301
TABLE 397 WORKFORCE MANAGEMENT MARKET, BY SOLUTION, 2018–2025 (USD MILLION) 302
13.5.2 WORKFORCE MANAGEMENT MARKET, BY SERVICE 302
TABLE 398 WORKFORCE MANAGEMENT MARKET, BY SERVICE, 2018–2025 (USD MILLION) 302
14 APPENDIX 303
14.1 DISCUSSION GUIDE 303
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 308
14.3 CUSTOMIZATION OPTIONS 310
14.4 RELATED REPORTS 310
14.5 AUTHOR DETAILS 311
Table of Contents
