Human Capital Management Market

The HCM market is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period, from USD 27.5 billion by 2024 to USD 41.3 billion by 2029. The adoption of HCM solutions is expected to be driven by the increasing need of organizations to enhance business efficiency, improve scalability and flexibility, and make informed decisions.

Leading Human Capital Management Companies include

• Workday (US),
• Oracle (US),
• UKG (US),
• Dayforce (US),
• SAP (Germany), and many more....

These players have adopted many growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, mergers, acquisitions, and new product development activities to expand market presence.

To know about the assumptions considered for the study download the pdf brochure

Workday

Workday was founded in 2005, and its headquarters is in California, US. The company's main areas of expertise include professional services automation, financial management, business planning, and HR analytics software and services. It provides software customized to the client's needs and cloud-based human capital management. Integrating talent management, workforce planning, and HR into a system facilitates total workforce visibility. Customers of Workday come from a wide range of industry verticals, including manufacturing, media and entertainment, retail, technology, healthcare, higher education, energy and utilities, financial services, government, and the life sciences. The company employs over 12,200 people worldwide and serves over 700 clients.

Oracle

Founded in 1977, Oracle is headquartered in Texas, US. Oracle provides various Human Capital Management (HCM) tools, including Talent Management, Workforce Management, HR, and AI apps. The business uses on-premises software, hardware, and services while operating on the cloud. In addition to these services, it develops software for supply chain management (SCM), HRM, and ERP. It is prevalent in emerging technologies such as blockchain, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). With over 136,000 workers, Oracle serves customers in the Americas, Europe, the Middle East, and Asia. It provides services for the following industry verticals: consumer goods, automotive, financial services, healthcare, hotel, retail, education and research, and construction and engineering.

UKG

UKG (Ultimate Kronos Group), based in the US, is a prominent player in the Human Capital Management (HCM) market. With a comprehensive suite of HCM solutions, UKG empowers organizations to optimize their workforce management, HR, and payroll processes. UKG's cloud-based platform offers features such as time and attendance tracking, workforce scheduling, talent management, and payroll administration, enabling businesses to streamline HR operations, boost employee engagement, and drive organizational success. With a focus on innovation and customer satisfaction, UKG continues to provide cutting-edge HCM solutions that meet the evolving needs of modern businesses, helping them maximize the potential of their workforce and achieve strategic HR objectives.

Dayforce

Dayforce, based in the US, is a prominent player in the Human Capital Management (HCM) market. Their flagship product, Dayforce HCM, is a cloud-based platform designed to streamline HR processes and optimize workforce management. It offers a comprehensive suite of features, including payroll, benefits administration, time and attendance tracking, talent management, and workforce planning. Dayforce HCM stands out for its user-friendly interface, real-time data analytics, and mobile accessibility, empowering organizations to manage their human resources efficiently and drive employee engagement. With a focus on innovation and customer satisfaction, Dayforce continues to be a preferred choice for businesses seeking modern and integrated HCM solutions.

SAP

SAP, headquartered in Germany, is a leading provider of Human Capital Management (HCM) solutions. With its cloud-based SAP SuccessFactors suite, SAP offers a comprehensive set of HCM tools to manage various aspects of HR, including talent acquisition, employee development, performance management, and payroll. SAP SuccessFactors enables organizations to streamline HR processes, enhance employee engagement, and drive business growth through data-driven insights and predictive analytics. With a focus on innovation and digital transformation, SAP continues to be a trusted partner for organizations worldwide, helping them optimize their human capital management practices and unlock the full potential of their workforce.

Related Reports:

Human Capital Management Market by Software (Core HR, Workforce Management, HR Analytics, and Applicant Tracking System), Services (Professional Services and Managed Services), Deployment Model, Organization Size - Global Forecast to 2029