Global Human Capital Management Software Market Overview:
Human capital management includes management of employees by recruiting, training process, upgrading skillset, and utilization of knowledge to fullest that in turn benefits the organization and improves overall workflow process.
Global Human Capital Management Software Market Dynamics:
Increasing adoption of employee assessment solutions among various information technology (IT) organizations across the globe is a key factor expected to drive growth of the global Human Capital Management Software Market over the forecast period. In addition, advanced features of human capital management software such as enterprise resource planning (ERP) solution and software as a service (SaaS) are expected to support growth of the target market in the near future.
Growing demand for mobile human capital management application coupled with increasing adoption of human capital management applications in smart phones by human resource department in various organizations is expected to proliferate growth of the global market during the forecast period.
The Human Capital Management Software Market is segmented on the Basis of Deployment Type, Vertical and regions. On the basis of Deployment Type, the global market is segmented into On-Premise Deployment, Cloud-Based Deployment. The Cloud-Based Deployment segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of Vertical, the global market is segmented into IT and Telecommunications, Healthcare and Education, Government and Utilities, Media & Communication Services, Banking,, Financial Services and Insurance (BFSI), Others (Food & Beverages, Real Estate, Automotive, Retail, etc.). The IT and Telecommunications segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include 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), Sumtotal Systems, LLC (A Skillsoft Company)
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