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Human Capital Management Market Worth 22.51 Billion USD by 2022

PUNE, India, Jun 30, 2017 (PR Newswire Europe via COMTEX) -- PUNE, India, June 30, 2017 /PRNewswire/ --

According to a new market research report"Human Capital Management Marketby Software (Core HR, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management), Services, Deployment Type, Organization Size, and Region - Global Forecast to 2022", published by MarketsandMarkets(TM), the Human Capital Management (HCM) Market size expected to grow from USD 14.50 Billion in 2017 to USD 22.51 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 9.2%.

Browse 65 market data Tables and 71 Figures spread through 139 Pages and in-depth TOC on"Human Capital Management Market " html [ ] Early buyers will receive 10% customization on this report

HCM is growing gradually and being adopted by users to standardize processes for core Human Resources (HR) activities, workforce management, and talent management. Managing the widespread workforce located at different regions is one of the major driving forces for the growth of the HCM Market.

Core HR and workforce management are expected to be the largest contributors in the global HCM Market during the forecast period

Core HR software is a very basic requirement for any organization to administer its employee for functions, such as payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning. Furthermore, considering the rising workforce of organizations, it becomes critical for the HR department to track and monitor the employees in order to efficiently manage the widespread workforce.

The consumer goods and retail vertical is expected to show a significant growth rate in terms of adoption of HCM-based solutions and services

The consumer goods and retail vertical is evolving and expected to grow rapidly, in terms of technological changes, customer needs, and employment. In order to gain more visibility and control over diversified and...