Human Capital Management (HCM) Suite Applications Are Gaining High Demand from the Developed Countries

Human Capital Management (HCM) Suite Applications Market

Definition

Human capital management (HCM) provides solutions to streamline human resource functions, which includes the management of employee profile, payroll & compensation, training & development, time & attendance, benefits & perks, and workforce analytics.

Drivers & Restraints

Several industry verticals such as financial services, banking, and insurance (BFSI), healthcare, manufacturing, retail, telecommunication & IT, media & entertainment, and others adopt cloud-based HCM suite applications at a rapid pace. The software provides secure access to various administrative tasks through an HR employee access portal. This allows employees to access their data through mobile or desktop devices from virtually any location.

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Segments-

Type-

Cloud-Based

Web-Based

Application-

SME (Small and Medium Enterprises)

Large Enterprise

Regional Analysis

The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. North America generated the highest revenue in the global market in 2016, owing to increase in need to automate HR processes such as talent management.

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Companies-

Skillsoft (SumTotal Systems)

ZingHR,

Ceridian

ADP

Oracle

SAP

FinancialForce

Globoforce

Kronos

GE API Healthcare