市場調查報告書
商品編碼
1541484
2024-2032 年人力資本管理市場報告(按組成部分、部署類型、垂直產業和地區)Human Capital Management Market Report by Component, Deployment Type, Industry Verticals, and Region 2024-2032 |
IMARC Group年全球人力資本管理市場規模達247億美元。科技的快速進步、企業全球化的不斷發展、對自動化的需求不斷成長、遠距工作的趨勢不斷上升、對人力資本管理(HCM)即時洞察員工績效的需求不斷成長,以及對員工敬業度和滿意度的日益重視,這些都是推動員工敬業度和滿意度的主要因素。
人力資本管理(HCM)是指組織中的關鍵職能,重點在於組織人力資源的招募、管理、發展和最佳化。它包括人才獲取、學習和發展、績效管理、薪酬規劃和勞動力規劃。 HCM 在招募、入職、培訓、職涯發展、繼任計畫、時間追蹤、員工排程、薪資、福利管理和合規管理等領域有著廣泛的應用。它有助於提高生產力、增強員工敬業度、創造協作環境、降低管理成本、提供即時見解、促進合規性並支援策略規劃。
遠距工作的興起趨勢需要能夠有效管理和吸引不同地點員工的工具,這正在推動市場成長。此外,為確保遵守勞動法和員工福利法規而廣泛採用 HCM 正在推動市場成長。除此之外,對員工敬業度和滿意度的日益重視正在促進對 HCM 的需求,因為它提供個人化和持續的回饋。除此之外,對人力資本管理即時洞察員工績效並做出數據驅動決策的需求不斷成長,這對市場成長產生了積極影響。此外,擴大採用 HCM 來使人力資源與組織目標保持一致,這也促進了市場的成長。除此之外,中小型企業 (SME) 對人力資本管理 (HCM) 的利用率不斷提高是另一個成長誘因。
科技的快速進步
人工智慧 (AI)、機器學習 (ML) 和雲端運算等技術的整合正在徹底改變 HCM 市場。與此一致,人工智慧和機器學習提供預測分析、個人化學習路徑和智慧自動化,有助於提高效率和決策。此外,基於雲端的解決方案支援跨不同地理位置的存取和協作,確保統一和無縫的體驗。這不僅支援全球營運,還提供可擴展性以適應不同的業務需求。此外,該技術正在創建更方便用戶使用的平台,允許更廣泛的用戶無需強化培訓即可進行互動。此外,這些先進技術提供的即時分析和見解可幫助人力資源專業人員預測趨勢、識別潛在問題並採取明智的行動。除此之外,擴大採用自動化來最大限度地減少人為錯誤、節省寶貴的時間並最佳化流程,這對市場成長產生了積極影響。
企業日益全球化
由於勞動力的全球化和多元化,企業管理的複雜性日益增加,正在推動市場的成長。據此,HCM 系統對於確保人力資源實踐的一致性、遵守各種當地勞動法以及提供跨文化和時區的有效溝通至關重要。此外,HCM 工具提供必要的自動化、整合和靈活性來處理各種貨幣、語言、法規和文化的細微差別,使手動管理變得不那麼繁瑣且不會出錯。此外,它們還可以創建全球人才庫,標準化招聘、入職和培訓程序,並確保薪資和福利符合當地標準。除此之外,不同地點之間即時協作和溝通的需求也促進了對基於雲端的 HCM 解決方案的需求,因為它們可以培養統一的組織文化,促進全球人才管理並確保法律合規性。
對自動化的需求不斷成長
人力資源職能自動化需求的不斷成長是 HCM 市場成長的一個突出因素。招聘、薪資處理、績效追蹤和福利管理等領域的自動化消除了重複且耗時的任務,使人力資源專業人員能夠專注於更具策略性的角色。此外,自動化招募工具可以掃描數千份申請,根據預先定義的標準將候選人列入候選名單,從而減少偏見並加速招募流程。此外,薪資自動化可確保準確性並遵守稅務法規,從而最大限度地減少潛在的法律問題。除此之外,績效管理的自動化可以實現持續回饋和即時調整,打造出更敏捷、反應敏捷的員工。此外,自動化報告和分析提供了有助於更好規劃和決策的見解。因此,自動化不僅提高了效率,還透過提供個人化和及時的互動來改善員工體驗。
The global human capital management market size reached US$ 24.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2024-2032. The rapid technological advancements, increasing globalization of businesses, growing demand for automation, rising trend of remote work, growing demand for HCM to gain real-time insights into workforce performance, and escalating emphasis on employee engagement and satisfaction are some of the major factors propelling the market.
Human capital management (HCM) refers to a critical function in organizations, focusing on the recruitment, management, development, and optimization of an organization's human resources. It comprises talent acquisition, learning and development, performance management, compensation planning, and workforce planning. HCM finds extensive applications in recruitment, onboarding, training, career development, succession planning, time tracking, employee scheduling, payroll, benefits administration, and compliance management. It aids in increasing productivity, enhancing employee engagement, fostering a collaborative environment, reducing administrative costs, providing real-time insights, promoting compliance, and supporting strategic planning.
The rising trend of remote work, which necessitates tools that can effectively manage and engage employees across different locations, is propelling the market growth. Furthermore, the widespread adoption of HCM to ensure compliance with labor laws and employee benefits regulations is driving the market growth. Apart from this, the escalating emphasis on employee engagement and satisfaction is facilitating the demand for HCM as it offers personalized and continuous feedback. Besides this, the growing demand for HCM to gain real-time insights into workforce performance and make data-driven decisions is positively influencing the market growth. Moreover, the rising adoption of HCM to align human resources with organizational goals is contributing to the market growth. Along with this, the increasing utilization of HCM by small and medium enterprises (SMEs) is acting as another growth-inducing factor.
The rapid technological advancements
The integration of technologies, including artificial intelligence (AI), machine learning (ML), and cloud computing, is revolutionizing the HCM market. In line with this, AI and ML offer predictive analytics, personalized learning paths, and intelligent automation, which aids in enhancing efficiency and decision-making. Furthermore, cloud-based solutions enable accessibility and collaboration across various geographical locations, ensuring a uniform and seamless experience. This not only supports global operations but also provides scalability to adapt to varying business needs. Additionally, the technology is creating platforms that are more user-friendly, allowing a wider array of users to interact without intensive training. Moreover, the real-time analysis and insights provided by these advanced technologies assist HR professionals in predicting trends, identifying potential issues, and making informed actions. Apart from this, the increasing adoption of automation to minimize manual errors, save valuable time, and optimize processes is positively influencing the market growth.
The increasing globalization of businesses
The increasing complexity of managing businesses due to a global and diverse workforce is driving the market growth. In line with this, HCM systems are essential in ensuring consistency in HR practices, complying with various local labor laws, and providing effective communication across different cultures and time zones. Additionally, HCM tools provide the necessary automation, integration, and flexibility to handle various currencies, languages, regulations, and cultural nuances, making manual management less cumbersome and error-free. Moreover, they allow for the creation of global talent pools, standardize recruitment, onboarding, and training procedures, and ensure that compensation and benefits are aligned with local standards. Apart from this, the need for real-time collaboration and communication across different locations is facilitating the demand for cloud-based HCM solutions, as they can foster a unified organizational culture, facilitate global talent management, and ensure legal compliance.
The growing demand for automation
The increasing demand for automation in HR functions is a prominent factor in the growth of the HCM market. Automation in areas, such as recruitment, payroll processing, performance tracking, and benefits administration eliminates repetitive and time-consuming tasks, allowing HR professionals to focus on more strategic roles. Furthermore, automated recruitment tools can scan thousands of applications to shortlist candidates based on predefined criteria, reducing bias and accelerating the hiring process. Additionally, payroll automation ensures accuracy and compliance with tax regulations, thus minimizing potential legal issues. Apart from this, automation in performance management enables continuous feedback and real-time adjustments, creating a more agile and responsive workforce. Moreover, automated reporting and analytics provide insights that facilitate better planning and decision-making. As a result, automation not only enhances efficiency but also improves the employee experience by offering personalized and timely interactions.
IMARC Group provides an analysis of the key trends in each segment of the global human capital management market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, deployment type and industry verticals.
Software
Core HR
Recruiting
Workforce Management
Compensation and Payroll
Others
Service
Managed Service
Professional
Software dominates the market
The report has provided a detailed breakup and analysis of the market based on the component. This includes software (core HR, recruiting, workforce management, compensation and payroll, and others) and service (managed service and professional). According to the report, software represented the largest segment.
Software is dominating the market as it offers scalability to accommodate the changing size and complexity of businesses. It allows organizations to tailor functionalities to their specific needs, providing both growth and flexibility in various HR functions. Furthermore, the software automates repetitive tasks, such as payroll processing, recruitment, and benefits administration, which leads to improved efficiency, accuracy, and time savings, allowing HR professionals to focus on more strategic roles. Apart from this, it enables organizations to gather insights from vast amounts of employee data, facilitating better decision-making and strategic planning. Moreover, the software offers seamless integration with other business tools and systems, leading to a more unified and streamlined workflow. Along with this, it provides constant updates to reflect changes in regulations and laws. This ensures that organizations maintain compliance with local and international labor laws, thus minimizing legal risks.
Cloud-based
On-premises
Cloud-based dominates the market
The report has provided a detailed breakup and analysis of the market based on the deployment type. This includes cloud-based and on-premises. According to the report, cloud-based represented the largest segment.
Cloud-based HCM solutions provide access from anywhere with an internet connection, facilitating collaboration among employees across different locations. Furthermore, it offers the ability to scale resources up or down based on the organization's needs. This flexibility makes it suitable for companies of all sizes, including rapidly growing businesses. Additionally, cloud-based HCM reduces capital expenditure by utilizing shared resources and eliminating the need for physical infrastructure. Apart from this, it allows easy integration with other business applications and can often be customized to fit specific organizational needs, providing a cohesive and tailored solution. Moreover, cloud-based solutions enable automatic updates and upgrades without interrupting the user experience, thus ensuring that organizations are always utilizing the latest features and complying with the most recent regulations.
BFSI
Retail
IT and Telecommunication
Healthcare
Hospitality
Government
Manufacturing
Others
IT and telecommunication dominate the market
The report has provided a detailed breakup and analysis of the market based on the industry verticals. This includes BFSI, retail, IT and telecommunication, healthcare, hospitality, government, manufacturing, and others. According to the report, IT and telecommunication represented the largest market segment.
IT and telecommunication are fields characterized by constant technological innovation and evolution. This demands a highly skilled and adaptable workforce, necessitating the use of advanced HCM solutions for talent acquisition, training, and development. Furthermore, they operate on a global scale, requiring the management of diverse teams spread across various regions. In line with this, HCM solutions facilitate seamless communication, collaboration, and compliance with varying regional regulations. Additionally, the IT and telecommunication sectors are known for intense competition for top talent. HCM tools enable effective recruitment, retention, and development strategies, providing a competitive edge in retaining the best professionals. Moreover, they embrace remote and flexible working arrangements, which requires HCM solutions to enable effective management, collaboration, and engagement of remote teams.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America exhibits a clear dominance in the market, accounting for the largest human capital management market share
The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represented the largest market segment.
North America is a hub for technological innovation owing to the presence of leading tech companies, along with a conducive environment for research and development (R&D) that has spurred advancements in AI, cloud computing, and other technologies that underpin modern HCM systems. Furthermore, the region's businesses have a longstanding emphasis on strategic human resource management, talent optimization, and employee engagement, which aligns well with the capabilities of HCM solutions. In addition, the implementation of strict labor laws and regulations related to employee benefits, diversity, and inclusion is facilitating the demand for robust HCM systems to ensure compliance. Apart from this, North America's strong economy encourages business growth and development, leading to an increase in workforce management needs and thereby propelling the demand for HCM solutions.
The leading HCM companies are investing in machine learning (ML) algorithms, data analytics, and artificial intelligence (AI) to create sophisticated tools that cater to the multifaceted demands of modern HR management. Additionally, they are engaging in strategic mergers, acquisitions, and partnerships, which enables them to broaden their product offerings, reach new markets, and combine expertise to create more robust solutions. Furthermore, leading market players are focusing on expanding their geographic reach, targeting emerging markets and sectors where HCM solutions are still underutilized, such as healthcare, retail, and small-to-medium-sized enterprises. Apart from this, top companies are designing intuitive interfaces, personalized dashboards, and seamless integrations that enhance usability for both HR professionals and employees. Moreover, they are fortifying their solutions with advanced security measures and compliance management tools.
Automatic Data Processing Inc.
Ceridian HCM Inc.
Infor Inc. (Koch Industries Inc.)
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
PeopleFluent Inc. (Learning Technologies Group plc)
Ramco Systems Limited
SAP SE
SumTotal Systems LLC (Skillsoft Limited)
UKG Inc.
Workday Inc.
In September 2022, Workday Inc. introduced a next-generation skills technology that allows organizations to gain deeper insight into workforce skills and deliver more personalized employee experiences.
In October 2022, Automatic Data Processing Inc. launched "Voice of the Employee," which will allow employers to collect feedback and sentiment throughout the employee lifecycle.
In December 2021, Ceridian HCM Inc. acquired ADAM HCM, a leading payroll and human capital management company, to expand its presence globally.