Global Human Capital Management (HCM) Market to Reach USD 22.51 Bn by 2022, Expects M&M in Its New Report Recently Added at MarketPublishers.com
11 Jul 2017 • by Natalie Aster
LONDON – The Human Capital Management (HCM) market value is forecast to increase from around 14.5 billion in the current year to USD 22.51 billion by late 2022, exhibiting robust growth at a 9.2% CAGR. Growth in this market is spurred by constantly rising adoption of mobile devices, increasing demand for HCM applications, escalating demand for talent mobility in different organisations, to name a few favourable factors. However, many organisations are still resistant to change traditional approaches and adopt new solutions, this is predicted to hamper the market growth in the coming years.
The core human resources (HR) sector is forecast to account for the largest share of the overall HCM market during 2017-2022.
The SMEs sector for HCM is likely to see the highest growth rates through 2022, spurred by intensifying competitive scenario, increasing investments and strong demand for HCM solutions.
Although North America currently captures the biggest market share, the highest growth rates through 2022 are expected to be registered in the APAC market for HCM.
The new report “Human Capital Management Market by Software, Services, Deployment Type, Organization Size, and Region - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) is an essential source of top-level data on the market landscape and performance at different geographical scales. It offers access to updated qualitative and quantitative market data, explores the historical development patterns, describes the presents market scenario, examines the main factors shaping the market as well as contains a comprehensive future outlook through 2022. Besides, this study includes an insightful overview of the competitive environments, profiles of top players, a snapshot of the recent industry developments and business activities.
For other M&M research reports follow to the publisher’s page at MarketPublishers.com.