Markntel Advisors’ report, Human Capital Management Software Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Human Capital Management Software presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Human Capital Management Software Market Research Report & Market Summary:
The Global Human Capital Management Software Market size was valued at around USD 28 billion in 2024 and is projected to reach USD 47 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2025-30. The rising adoption of employee assessment solutions is a key factor propelling the growth of the Human Capital Management (HCM) software market, particularly in information technology (IT) organizations.
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Human Capital Management Software Market Dynamics:
Key Driver-
Rising Demand for Cloud-Based Solutions for HR Management – The rising demand for cloud-based solutions is a key driver of growth in the Human Capital Management (HCM) Software Market. Cloud-based HCM systems are flexible, scalable, and available at relatively lower costs, which is quite appealing to companies of all sizes. Cloud solutions allow the data to be accessed remotely, thus expanding the organization’s flexibility, where remote work is likely to become more common. Cloud-based HCM systems also reduce the need for costly hardware and IT maintenance, as the software is hosted and managed by third-party providers. This makes it a more affordable option for small and medium-sized businesses as 62% of SMBs have adopted cloud-based HCM solutions, citing cost savings and flexibility as primary drivers and helping them compete with larger enterprises. As per Zoho, 81% of the Indian MSMEs are geared towards enhancing their cloud expenditure in the year 2025. It reflects that small businesses adopt more cloud-based HCM solutions.
Additionally, due to being cloud-based, any software upgrades and new features can be installed quickly to accommodate new HR trends and technologies. Another advantage is scalability which grows with the company, thereby allowing businesses to incorporate more users or features with ease and no interruption to the business processes. These advantages have led cloud-based HCM software to become more prevalent and influence the growth of the market.
Human Capital Management Software Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Solution
- Payroll Management-Market Size & Forecast 2020-2030 USD Million
- Talent Management- Market Size & Forecast 2020-2030, USD Million
- Workforce Management- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
By Enterprise Size
- Small Business- Market Size & Forecast 2020-2030, USD Million
- Mid-sized Business- Market Size & Forecast 2020-2030, USD Million
- Large Business-Market Size & Forecast 2020-2030, USD Million
By Deployment Mode
- Cloud -Market Size & Forecast 2020-2030, USD Million
- On-Premise- Market Size & Forecast 2020-2030, USD Million
The cloud segment is expected to witness significant expansion during the forecast period and holds approximately 30% market share. With scalability, flexibility, cost-effectiveness, and remote access, it is considered attractive to industries such as banking, health, and retail. This is a growing trend as businesses are increasingly turning toward digital transformation, cloud HCM easily integrates with most existing systems, facilitating the automation of many traditional human resource management tasks while also enhancing the security of all employee-related data and enabling remote work. It is integrated with real-time data and automated information processing.
By End User
- Banking & Financial Services-Market Size & Forecast 2020-2030, USD Million
- Retail & E-Commerce-Market Size & Forecast 2020-2030, USD Million
- Government & Public Sector-Market Size & Forecast 2020-2030, USD Million
- Others, (Professional, Healthcare Sector, etc.)-Market Size & Forecast 2020-2030, USD Million
The banking & financial services segment is set to hold a sizable market share of over 60% during the forecast period. The banking & financial services segment is a significant user of human capital management (HCM) software as it involves various rules and regulations.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
North America is expected to account for a large share around 45% of the Global Human Capital Management Software Market compared to all other regions.
As indicated in the latest market research report published by Markntel Advisors, “Human Capital Management Software Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Human Capital Management Software industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/human-capital-management-software-market.html
Top Companies Operating in the Human Capital Management Software Market:
- Oracle Corporation
- SAP AG
- Product Portfolio
- Workday, Inc.
- Ultimate Software Group, Inc.
- IBM Corporation
- Talentia Software
- The Sage Group Plc.
- Meta4 Global
- Infor
- WebHR
- ADP LLC
- People fluent
- BambooHR
- Sage HR
- Dayforce
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Human Capital Management Software Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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