Human capital management (HCM) is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization.
HCM suites are sold either as components of enterprise resource planning (ERP) systems or as separate products that are typically integrated with ERP. In recent years, on-premises HCM has been superseded by software as a service (SaaS) as the preferred deployment option.
In 2017, the global HCM Software market size was 14400 million US$ and it is expected to reach 27800 million US$ by the end of 2025, with a CAGR of 8.6% during 2018-2025.
This report focuses on the global HCM Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the HCM Software development in United States, Europe and China.
The key players covered in this study
Ultimate Software Group
Ultimate Software Group, Inc.
Epicor Software Corporation
The Sage Group plc.
Market segment by Type, the product can be split into
On Premise HCM Software
Cloud-based HCM Software
Market segment by Application, split into
Small Business (SSB)
Small and Midsize Business (SMB)
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global HCM Software status, future forecast, growth opportunity, key market and key players.
To present the HCM Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of HCM Software are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.