A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, released its report titled “Human Capital Management – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 9; Released: January 2022
Executive Pool: 21303
Companies: 133 – Players covered include Automatic Data Processing, Inc. (ADP); Ceridian HCM, Inc.; Cornerstone OnDemand, Inc.; Employwise Inc.; IBM Corporation; Infor; Kronos, Inc.; Oracle Corporation; Paycom; Peoplestrategy, Inc.; SAP SE; SumTotal Systems LLC; Ultimate Software Group, Inc.; Workday, Inc. and Others.
Coverage: All major geographies and key segments
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Segments: Software (Core HR, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management, Other Softwares)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Human Capital Management Market to Reach $26.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Human Capital Management estimated at US$16.8 Billion, is projected to reach a revised size of US$26.8 Billion by 2026, growing at a CAGR of 8% over the analysis period. Core HR, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$11.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Workforce Management segment is readjusted to a revised 7.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.9 Billion in 2021, While China is Forecast to Reach $5.9 Billion by 2026
The Human Capital Management market in the U.S. is estimated at US$4.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2026 trailing a CAGR of 12.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
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Sourcing and Recruiting Segment to Reach US$3.4 Billion by the year 2026
In the global Sourcing and Recruiting segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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