Global Adopting HCM Software Market Overview:
Adopting human capital management (HCM) is crucial for business success as workforce trends and laws add more complexity to recruitment, legislative compliance, retention, and employee management. In today's workstations, workforce management's success needs that HR managers act proactively rather than reactively. Human capital management helps them to do so by bringing HR functions together in one accessible place, such as an HCM software suite. Adopting HCM software is also referred to as a human resource management system (HRMS) or human resource information system (HRIS). Some of the players profiled in the study are SAP SE (Germany), Microsoft (United States), Oracle Corporation (United States), Workday, Inc. (United States), Cornerstone OnDemand (United States), Kronos Incorporated (United States), The Sage Group plc. (United States), CakeHR (United Kingdom), Ultimate Software Group, Inc. (United States), International Business Machines Corporation (United States) and Epicor Software Corporation (United States).
On the basis of geography, the market of Adopting HCM Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industries, the sub-segment i.e. Healthcare will boost the Adopting HCM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Adopting HCM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Adopting HCM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Need for Simplified Management of Geographically Spread Workforce
- Increasing Demand for Mobile Adopting HCM Applications
- Growing Use of Cloud-Based Software Solutions
- Concerns Regarding Security and Data Privacy
- Potential Growth Offered by Emerging Economies
- Slow Adoption Rate of New Solutions in Organizations
Key Market Developments:
On Oct 17, 2019 - Zoho Corporation, a global, privately held company that offers the most comprehensive suite of business software applications in the industry, announced the release of Catalyst, the company's visionary full-stack serverless platform for developers.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Adopting HCM Software Providers, Software Developers, Software Solution Providers, Network Providers, IT and Telecom Industry, Healthcare Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Adopting HCM Software market on the basis of product [Talent Acquisition, Talent Management and HR Core Administration] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Adopting HCM Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Adopting HCM Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Adopting HCM Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.