An overview of the Human Capital Management Market by Solution report. Human Capital Management Market by Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & by Region - Global Forecast to 2019
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Human Capital Management Market by
Solution by Industry Verticals & by Region
- Global Forecast to 2019
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2. ABSTRACT
The HCM market is an emerging technology with range of developments reshaping the organizational structure
through constant changes in the management of human resource. HCM has gained significant traction across all
the major regions due to the increasing demand of better solutions by the enterprise user.
The growing demand for software solutions and the emerging advancements in digital technology are visibly
driving the market for HCM. Industry verticals, such as manufacturing, retail, healthcare, automotive BFSI,
and education, are progressively deploying HCM for improving the overall lifecycle of the employees within the
organization.
Strategic software vendors, namely Ceredian, Orgvue, and Workday among various others, are offering HCM
to present definite set of recommendations from the end users that would help organizations in better resource
management for future workforce planning.
The major restraints in this market are lack of awareness about the HCM software among enterprises and the
constant need to maintain compliance. This report analyzes the growth rate and penetration of HCM across all
regions.
There are various assumptions that have been taken into consideration for the market sizing and forecasting
exercise. A few of the global assumptions include political, economic, social, technological, and economic factors.
For instance, exchange rate is one of the economic factors which are expected to have a moderate rating of
impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the
emerging Asia-Pacific (APAC) regions.
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drivers, restraints, challenges, and opportunities.
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