Human Capital Management Software Industry 2020: Global Market Share, Size, Opportunity, Manufacturers, Growth Factors, Statistics Data, Top Trends, Competitive Landscape and Forecast To 2023 
                     Human Capital Management Software 
Market Research Report By Forecast to 
2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Human Capital Management Software Market 
Market Research Future (MRFR) expects the global human capital management software market to touch a valuation of USD 24 billion 
by the year 2023. MRFR also reports that during the forecast period (2017-2023), the market can potentially record a growth rate of 9%, 
indicating decent future growth prospects.
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Human Capital Management Software Market 
“Taste the market data and market information presented through more than 50 market data tables 
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content 
TOC & market synopsis on Internet of Human Capital Management Software Market Forecast To 2023”
• There has been a high focus on offering employee engagement solutions, helping employees become highly efficient by developing 
employee experience platforms as well as suitable collaboration solutions. Given the current workforce conditions, HR leaders are 
investing more in technology that helps with tasks like management, optimizing and recruitment in the organization.
• The size of human capital management software market has noted significant growth in recent years, thanks to the mounting 
demand for talent mobility as well as the rising adoption of cloud-based business models within HRM services. To illustrate, in 2018, 
Infor had acquired Alfa-Beta solutions with the aim to utilize cloud-based solutions in HRM services. This acquisition led to the 
launch of CloudSuite HCM. CloudSuite HCM refers to an advanced collection of cloud-based HCM software that provides secure 
processes, workflows as well as systems with refined automated technology. In addition, the surge in artificial intelligence (AI), as 
well as machine learning technology, has driven the market growth to a great extent. 
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Human Capital Management Software Market 
Regional Analysis
The regional segmentation of the worldwide market for human capital management software includes Asia Pacific (APAC), North 
America, Europe, and the Rest of the World (RoW). 
North America stands as the most distinguished market for human capital management software, thanks to the implementation of 
successful workforce analytics, advancements in employee experience platforms coupled with the emergence of mobile applications for 
HR.
Emerging countries in APAC like India, China and Japan stand at the vanguard of the human capital management software market and 
are expected to achieve the highest growth in the years to come. Steadily expanding cloud solutions benefits the market and has made 
APAC the fastest-growing market on a global scale. Also, workers in the region, mostly in China, are making their way from the 
agricultural and manufacturing sector to services owing to the expansion of the aging population, which works in favor of the human 
capital management software market.
In Europe, the rising need to configure as well as automate the workforce management tasks to induce efficiency and compliance is 
boosting the market growth for human capital management software.  Moreover, increasing focus on combining the global workforce 
transactions and reporting to facilitate local decision-making favors the growth of the HCM solutions market in the region.
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Human Capital Management Software Market 
Application & Major Players in this Research:
Human Capital Management Software Market Prominent Players:
• Sage Group plc. (U.S), 
• Workday, Inc. (U.S.), 
• NetSuite Inc. (U.S.), 
• Oracle Corporation (U.S.), 
• Cornerstone OnDemand (U.S.), 
• Infor (U.S), 
• Kronos Incorporated (U.S),
•  Ultimate Software Group, 
• Inc. (U.S.), 
• SAP SE (Germany)
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Human Capital Management Software Market 
Human Capital Management Software Market Segmented on the basis of
Segment:
The global market for human capital management software has been considered for software, services, deployment, 
organizations, application and end users. 
The software segment can be divided into workforce management, core HR, applicant tracking system, sourcing and recruiting, 
staffing vendor management and others. 
The services-based market segments are integration, support and maintenance, consulting and others. 
The deployment-wise segments covered in the report are on-premise & on cloud. 
The organizations in the market, based on their size, include small- mid-size and large enterprises. 
The applications covered in the report are training and recruitment, segmented analytics, HR planning, payroll, and others. 
End users in the worldwide market are manufacturing, BFSI, telecom, healthcare, retail, energy, transportation, logistics, and 
others.
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