Global Human Capital Management Market is Estimated to Grow from USD 16.7 Billion in 2019 to USD 26.5 Billion by 2024, at a CAGR of 9.7% - ResearchAndMarkets.com
Summary
DUBLIN--(BUSINESS WIRE)--The "Human Capital Management Market by Software (Core HR, Applicant Tracking System, HR Analytics, Workforce Management), Service, Deployment Type (cloud and on-premises), Organization Size, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.coms offering. Increasing government regulations and growing need to monitor entire employee lifecycle are the major factors that will drive the adoption of HCM solutions across enterprises The integration of emerging technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), with HCM solutions, is expected to be one of the strongest factors for HCM solution and services adoption across regions. Enterprises are moving toward cloud-based deployment to minimize operational costs and achieve greater ease in sharing data with multiple parties. BFSI industry vertical to hold the highest market share in 2019 The Banking, Financial Services, and Insurance (BFSI) vertical is one of the early adopters of HCM solutions to effectively manage the entire lifecycle of employees. APAC to grow at the highest CAGR during the forecast period The Asia Pacific (APAC) region is expected to be the top adopter of HCM solutions where the vertical will have the highest growth rate during the forecast period.