Human Capital Management Solutions Market to Show Gradual Growth of $ 8.97 Billion in 2020-2024 | Technavio



LONDON–(COMMERCIAL THREAD) – Technavio monitors the market for human capital management solutions, operating in the information technology sector. The latest Human Capital Management Solutions Market report, 2020-2024, estimates that it will register an incremental growth of $ 8.97 billion, at a CAGR of over 8% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented and the degree of fragmentation will accelerate during the forecast period. Competitors need to focus on differentiating their product offerings with unique value propositions to strengthen their market presence. Market sellers should also take advantage of existing growth prospects in fast growing segments, while maintaining their positions in slow growing segments. Automatic Data Processing Inc., Ceridian HCM Holding Inc., Infor, Kronos Inc., Oracle Corp., Ramco Systems Ltd., SAP SE, Talentia Software Group, The Ultimate Software Group Inc. and Workday Inc. are among the major players in the Marlet.

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The demand for automated recruiting processes has been instrumental in the growth of the market. The integration of AI and machine learning with existing HCM solutions has gained ground in recent years. In addition, customers are increasingly adopting automated HCM solutions to minimize overall costs, time and effort.

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Human Capital Management Solutions Market 2020-2024: Segmentation

The human capital management solutions market is segmented as follows:

  • Application

  • Geography

    • North America

    • Europe

    • APAC

    • South America

    • AEM

Based on geographic segmentation, 34% of the incremental market growth was from North America during the forecast period. Further, Core HR segment accounted for the application segment contributing the highest market share in 2019. This report provides accurate prediction of the contribution of all segments to the growth in the size of the Management Solutions market. human capital.

Human Capital Management Solutions Market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The human capital management solutions market report covers the following areas:

  • Human Capital Management Solutions Market Size

  • Market trends in human capital management solutions

  • Industry analysis of the Human Capital Management Solutions Market

This study identifies the emergence of cloud computing services as one of the major trends expected to drive the growth of the HCM solutions market in the coming years.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.

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Human Capital Management Solutions Market 2020-2024: Highlights

  • Market CAGR during the forecast period 2020-2024

  • Detailed information on the factors that will contribute to the growth of the human capital management solutions market over the next five years

  • Estimation of the market size of human capital management solutions and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the human capital management solutions market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on factors that will challenge the growth of Human Capital Management Solutions Market, vendors



Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019-2024

Five forces analysis

  • Summary of the five forces

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new participants

  • The threat of substitutes

  • Threat of rivalry

  • State of the market

Market segmentation by application

  • Market segments

  • Comparison by application placement

  • Core HR – Market Size and Forecast 2019-2024

  • Talent – Market Size and Forecast 2019-2024

  • Workforce – Market Size and Forecast 2019-2024

  • Market Opportunity By Application

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America Market Size and Forecast 2019-2024

  • Europe – Market Size and Forecast 2019-2024

  • APAC Market Size and Forecast 2019-2024

  • South America Market Size and Forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • Main leading countries

  • Market opportunity by geography

  • Market factors

  • Request for automated recruitment processes

  • Growing demand for unified solutions for all HR functions

  • Increase the diversity of the workforce

  • Market challenges

  • Market trends

Supplier landscape

  • Overview

  • Supplier landscape

  • Landscape disturbance

Supplier analysis

  • Covered suppliers

  • Positioning on the supplier market

  • Automatic Data Processing Inc.

  • Ceridian HCM Holding inc.

  • Inform

  • Kronos Inc.

  • Oracle Corp.

  • Ramco Systems Ltd.

  • SAP SE

  • Talentia Software Group

  • The Ultimate Software Group Inc.

  • Workday inc.


  • Scope of the report

  • Currency conversion rates for US $

  • Research methodology

  • Abreviations list

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