Global Human Capital Management (HCM) Market Size is projected to reach USD 35.34 billion by 2029, growing at a CAGR of 8.46%

 Global Human Capital Management (HCM) Market, By Service (Integration and Implementation, Training and Education, Support and Maintenance, Consulting), Software (Core HR, Applicant Tracking System, HR Analytics, Workforce Management), Deployment Model (Cloud, On-Premises), Organisation Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance, Government, Manufacturing, Telecom and IT, Consumer Goods and Retail, Healthcare and Life Sciences, Energy and Utilities,  Transportation and Logistics, Others) – Industry Trends and Forecast to 2029

Human capital management (HCM) software, an enterprise application solution, has become essential in all businesses because it automates the time-consuming clerical tasks associated with employee data, payroll, and benefits administration. However, the recent growth of the HCM software market is due to the enormous opportunities created by expanding SMEs across regions.

Data Bridge Market Research analyses that the human capital management (HCM) market was valued at USD 18.46 billion in 2021, and would reach an estimated value of 35.34 billion by 2029, and is likely to grow at a CAGR of 8.46% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.




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