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North America Human Capital Management Market Size, Share & Trends Analysis Report By Software, By Service, By Deployment, By Enterprise Size, By End Use, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 136 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The North America human capital management market size is expected to reach USD 10.2 billion by 2025, registering a CAGR of 10.5% over the forecast period, according to a new study conducted by Grand View Research, Inc. The growing demand for talent acquisition and increasing difficulties in managing widespread workforce are expected to drive the growth of the market for the management of human capital in North America over the forecast period. Moreover, the ever-increasing number of job applicants is making it challenging for HR professionals to hire ideal candidates with the desired skills and knowledge base. As a result, organizations are either outsourcing their hiring processes or adopting dedicated software/services to manage the data of all the applicants efficiently while ensuring the quality of interviews and maintaining a better joining ratio, thereby driving the growth of the hcm market for the management of human capital in North America.

Another driver that is driving the demand for human capital management software in North America is the increasing need among organizations to hire good candidates and retain valuable employees. HCM software can particularly help HR professionals because it includes tools for performance appraisals, competency management, goal alignment, and employee motivation. Increasing adoption of workforce planning & analytics software to improve business agility and deliver improved outcomes is further expected to drive the growth of the market for human capital management in North America over the forecast period.

Advances in technology have led to the development of various mobile applications and social collaboration software that offers both employees and employers the necessary flexibility to access data anytime and from anywhere. At the same time, several companies are also opting for HR analytics for predicting workforce requirement, tracking successors at higher levels, and gauging employees' performance & satisfaction levels, thereby driving the growth of the market. Various initiatives being pursued by enterprises in North America to digitize the HR processes are also expected to drive the demand for HCM software in the region.

Further key findings from the report suggest:

• The talent management segment is anticipated to grow at the highest CAGR of 13.3% from 2019 to 2025 owing to the advantages, such as enhanced workflow and improved productivity, offered by talent management tools

• The support & maintenance segment is expected to grow at a significant CAGR of 13.1% from 2019 to 2025 owing to the rising demand for support and maintenance services in line with the frequent updates being released by the vendors

• The hosted segment is anticipated to witness remarkable growth owing to the low implementation and maintenance costs associated with a hosted deployment

• The large enterprises segment dominated the market in 2018 and is expected to remain the largest segment over the forecast period owing to the growing emphasis of large enterprises on efficiently managing the vast database of their employees

• The retail segment is anticipated to grow at a significant CAGR of 13.4% from 2019 to 2025 as retail companies are trying hard to overcome challenges involved in employee retention

• The U.S. is expected to continue dominating the market over the forecast period owing to the increasing government initiatives and investments in digitizing the HR processes

• Key market players include Accenture PLC; Kronos Incorporated; Automatic Data Processing (ADP), Inc.; Cezanne HR Ltd.; Ceridian HCM, Inc.; NetSuite, Inc.; IBM Corporation; Mercer LLC; PricewaterhouseCoopers (PwC); Oracle Corporation; SAP SE; Workday, Inc.; Ultimate Software; and Talentsoft.
 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope and Assumptions
                   1.3 List of Data Sources
Chapter 2 Executive Summary
                   2.1 North America Human Capital Management (HCM) Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                   2.2 North America Human Capital Management (HCM) Market, 2014 - 2025 (USD Million)
                        2.2.1 North America human capital management (HCM) market, by country, 2014 - 2025
                        2.2.2 North America human capital management (HCM) market, by software, 2014 - 2025
                        2.2.3 North America human capital management (HCM) market, by service, 2014 - 2025
                        2.2.4 North America human capital management (HCM) market, by deployment, 2014 - 2025
                        2.2.5 North America human capital management (HCM) market, by enterprise size, 2014 - 2025
                        2.2.6 North America human capital management (HCM) market, by end use, 2014 - 2025
Chapter 3 North America Human Capital Management (HCM) Industry Outlook
                   3.1 Market Segmentation and Scope
                   3.2 Market Size & Growth Prospects
                   3.3 North America Human Capital Management (HCM) Market - Value Chain Analysis
                        3.3.1 Vendor landscape
                   3.4 North America Human Capital Management (HCM) - Market Dynamics
                        3.4.1 Market driver analysis
                             3.4.1.1 Increasing demand for the automation of HR processes
                             3.4.1.2 Growing applications of big data analytics and mobile technology in HCM systems
                        3.4.2 Market challenge analysis
                             3.4.2.1 Resistance of workforce toward the adoption of new HCM solutions
                   3.5 Penetration and Growth Prospect Mapping
                   3.6 North America Human Capital Management (HCM) Market - Company Market Share Analysis, 2018
                   3.7 North America Human Capital Management (HCM) Market - Porter's Five Forces Analysis
                   3.8 North America Human Capital Management (HCM) Market - PESTEL Analysis
                   3.9 North America Human Capital Management (HCM) Market - Evolution Analysis
Chapter 4 North America Human Capital Management (HCM) Software Outlook
                   4.1 North America Human Capital Management (HCM) Market Share By Software, 2018
                   4.2 Core HR
                        4.2.1 North America core HR software market, 2014 - 2025
                   4.3 Employee Collaboration & Engagement
                        4.3.1 North America employee collaboration & engagement software market, 2014-2025
                   4.4 Recruiting
                        4.4.1 North America recruiting software market, 2014 - 2025
                   4.5 Talent Management
                        4.5.1 North America talent management software market, 2014 - 2025
                   4.6 Workforce Planning & Analytics
                        4.6.1 North America workforce planning & analytics software market, 2014 - 2025
                   4.7 Others
                        4.7.1 North America other human capital management software market, 2014 - 2025
Chapter 5 North America Human Capital Management (HCM) Service Outlook
                   5.1 North America Human Capital Management (HCM) Market Share By Service, 2018
                   5.2 Integration & Deployment
                        5.2.1 Integration & deployment service in North America human capital management (HCM) market, 2014 - 2025
                   5.3 Support & Maintenance
                        5.3.1 Support & maintenance service in North America human capital management (HCM) market, 2014 - 2025
                   5.4 Training & Consulting
                        5.4.1 Training & consulting service in North America human capital management (HCM) market, 2014 - 2025
Chapter 6 North America Human Capital Management (HCM) Deployment Outlook
                   6.1 North America Human Capital Management (HCM) Market Share By Deployment, 2018
                   6.2 Hosted
                        6.2.1 North America hosted human capital management (HCM) market, 2014 - 2025
                   6.3 On-premise
                        6.3.1 North America on-premise human capital management (HCM) market, 2014 - 2025
Chapter 7 North America Human Capital Management (HCM) Enterprise Size Outlook
                   7.1 North America Human Capital Management (HCM) Market Share By Enterprise Size, 2018
                   7.2 Large Enterprise
                        7.2.1 North America human capital management (HCM) market for large enterprise, 2014 - 2025
                   7.3 Small & Medium Enterprise
                        7.3.1 North America human capital management (HCM) market for small & medium enterprise, 2014 - 2025
Chapter 8 North America Human Capital Management (HCM) End-use Outlook
                   8.1 North America Human Capital Management (HCM) Market Share By End Use, 2018
                   8.2 Academia
                        8.2.1 North America human capital management (HCM) market in academia, 2014 - 2025
                   8.3 BFSI
                        8.3.1 North America human capital management (HCM) market in BFSI, 2014 - 2025
                   8.4 Government
                        8.4.1 North America human capital management (HCM) market in government, 2014 - 2025
                   8.5 Healthcare
                        8.5.1 North America human capital management (HCM) market in healthcare, 2014 - 2025
                   8.6 IT & Telecom
                        8.6.1 North America human capital management (HCM) market in IT & telecom, 2014 - 2025
                   8.7 Manufacturing
                        8.7.1 North America human capital management (HCM) market in manufacturing, 2014 - 2025
                   8.8 Retail
                        8.8.1 North America human capital management (HCM) market in retail, 2014 - 2025
                   8.9 Others
                        8.9.1 North America human capital management (HCM) market in other end use, 2014 - 2025
Chapter 9 North America Human Capital Management (HCM) Country Outlook
                   9.1 North America Human Capital Management (HCM) Market Share By Country, 2018
                   9.2 U.S.
                        9.2.1 U.S.
                             9.2.1.1 U.S. human capital management (HCM) market, 2014 - 2025
                             9.2.1.2 U.S. human capital management (HCM) market, by software, 2014 - 2025
                             9.2.1.3 U.S. human capital management (HCM) market, by service, 2014 - 2025
                             9.2.1.4 U.S. human capital management (HCM) market, by deployment, 2014 - 2025
                             9.2.1.5 U.S. human capital management (HCM) market, by enterprise size, 2014 - 2025
                             9.2.1.6 U.S. human capital management (HCM) market, by end-use, 2014 - 2025
                   9.3 Canada
                        9.3.1 Canada
                             9.3.1.1 Canada human capital management (HCM) market, 2014 - 2025
                             9.3.1.2 Canada human capital management (HCM) market, by software, 2014 - 2025
                             9.3.1.3 Canada human capital management (HCM) market, by service, 2014 - 2025
                             9.3.1.4 Canada human capital management (HCM) market, by deployment, 2014 - 2025
                             9.3.1.5 Canada human capital management (HCM) market, by enterprise size, 2014 - 2025
                             9.3.1.6 Canada human capital management (HCM) market, by end-use, 2014 - 2025
Chapter 10 Competitive Landscape
                   10.1 Accenture PLC
                        10.1.1 Company overview
                        10.1.2 Financial performance
                        10.1.3 Product benchmarking
                        10.1.4 Strategic initiatives
                   10.2 Automatic Data Processing (ADP), Inc.
                        10.2.1 Company overview
                        10.2.2 Financial performance
                        10.2.3 Product benchmarking
                        10.2.4 Strategic initiatives
                   10.3 Cezanne HR Ltd.
                        10.3.1 Company overview
                        10.3.2 Product benchmarking
                        10.3.3 Strategic initiatives
                   10.4 Ceridian HCM Holding, Inc.
                        10.4.1 Company overview
                        10.4.2 Financial performance
                        10.4.3 Product benchmarking
                        10.4.4 Strategic initiatives
                   10.5 IBM Corporation
                        10.5.1 Company overview
                        10.5.2 Financial performance
                        10.5.3 Product benchmarking
                        10.5.4 Strategic initiatives
                   10.6 Kronos Incorporated
                        10.6.1 Company overview
                        10.6.2 Financial performance
                        10.6.3 Product benchmarking
                        10.6.4 Strategic initiatives
                   10.7 Mercer LLC
                        10.7.1 Company overview
                        10.7.2 Financial performance
                        10.7.3 Product benchmarking
                        10.7.4 Strategic initiatives
                   10.8 NetSuite, Inc.
                        10.8.1 Company overview
                        10.8.2 Product benchmarking
                        10.8.3 Strategic initiatives
                   10.9 Oracle Corporation
                        10.9.1 Company overview
                        10.9.2 Financial performance
                        10.9.3 Product benchmarking
                        10.9.4 Strategic initiatives
                   10.10 PricewaterhouseCoopers (PwC)
                        10.10.1 Company overview
                        10.10.2 Financial performance
                        10.10.3 Product benchmarking
                        10.10.4 Strategic initiatives
                   10.11 SAP SE
                        10.11.1 Company overview
                        10.11.2 Financial performance
                        10.11.3 Product benchmarking
                        10.11.4 Strategic initiatives
                   10.12 Talentsoft
                        10.12.1 Company overview
                        10.12.2 Product benchmarking
                        10.12.3 Strategic initiatives
                   10.13 Ultimate Software
                        10.13.1 Company overview
                        10.13.2 Financial performance
                        10.13.3 Product benchmarking
                        10.13.4 Strategic initiatives
                   10.14 Workday, Inc.
                        10.14.1 Company overview
                        10.14.2 Financial performance
                        10.14.3 Product benchmarking
                        10.14.4 Strategic initiatives

List of Tables

TABLE 1 North America human capital management (HCM) market - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 North America human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 3 North America human capital management (HCM) market, by country, 2014 - 2025 (USD Million)
TABLE 4 North America human capital management (HCM) market, by software, 2014 - 2025 (USD Million)
TABLE 5 North America human capital management (HCM) market, by service, 2014 - 2025 (USD Million)
TABLE 6 North America human capital management (HCM) market, by deployment, 2014 - 2025 (USD Million)
TABLE 7 North America human capital management (HCM) market, by enterprise size, 2014 - 2025 (USD Million)
TABLE 8 North America human capital management (HCM) market, by end use, 2014 - 2025 (USD Million)
TABLE 9 Human Capital Management (HCM) market solution scope
TABLE 10 Vendor landscape
TABLE 11 North America human capital management (HCM) market - Key market driver impact
TABLE 12 HR process automation, by function, 2016
TABLE 13 Enterprises using HR analytics, by number of employees
TABLE 14 North America human capital management (HCM) market - Key market challenge impact
TABLE 15 North America core HR software market, 2014 - 2025 (USD Million)
TABLE 16 North America core HR software market, by country, 2014 - 2025 (USD Million)
TABLE 17 North America employee collaboration & engagement software market, 2014 - 2025 (USD Million)
TABLE 18 North America employee collaboration & engagement software market, by country, 2014 - 2025 (USD Million)
TABLE 19 North America recruiting software market, 2014 - 2025 (USD Million)
TABLE 20 North America recruiting software market, by country, 2014 - 2025 (USD Million)
TABLE 21 North America talent management software market, 2014 - 2025 (USD Million)
TABLE 22 North America talent management software market, by country, 2014 - 2025 (USD Million)
TABLE 23 North America workforce planning & analytics software market, 2014 - 2025 (USD Million)
TABLE 24 North America workforce planning & analytics software market, by country, 2014 - 2025 (USD Million)
TABLE 25 North America other human capital management software market, 2014 - 2025 (USD Million)
TABLE 26 North America other human capital management software market, by country, 2014 - 2025 (USD Million)
TABLE 27 Integration & deployment service in North America human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 28 Integration & deployment service in North America human capital management (HCM) market, by country, 2014 - 2025 (USD Million)
TABLE 29 Support & maintenance in North America human capital management (HCM) service market, 2014 - 2025 (USD Million)
TABLE 30 Support & maintenance service in North America human capital management (HCM) market, by country, 2014 - 2025 (USD Million)
TABLE 31 Training & consulting service in North America human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 32 Training & education service in North America human capital management (HCM) market, by country, 2014 - 2025 (USD Million)
TABLE 33 North America hosted human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 34 North America hosted human capital management (HCM) market, by country, 2014 - 2025 (USD Million)
TABLE 35 North America on-premise human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 36 North America on-premise human capital management (HCM) market, by country, 2014 - 2025 (USD Million)
TABLE 37 North America human capital management (HCM) market for large enterprise, 2014 - 2025 (USD Million)
TABLE 38 North America human capital management (HCM) market for large enterprise, by country, 2014 - 2025 (USD Million)
TABLE 39 North America human capital management (HCM) market for small & medium enterprise, 2014 - 2025 (USD Million)
TABLE 40 North America human capital management (HCM) market for small & medium enterprise, by country, 2014 - 2025 (USD Million)
TABLE 41 North America human capital management (HCM) market in academia, 2014 - 2025 (USD Million)
TABLE 42 North America human capital management (HCM) market in academia, by country, 2014 - 2025 (USD Million)
TABLE 43 North America human capital management (HCM) market in BFSI, 2014 - 2025 (USD Million)
TABLE 44 North America human capital management (HCM) market in BFSI, by country, 2014 - 2025 (USD Million)
TABLE 45 North America human capital management (HCM) market in government, 2014 - 2025 (USD Million)
TABLE 46 North America human capital management (HCM) market in government, by country, 2014 - 2025 (USD Million)
TABLE 47 North America human capital management (HCM) market in healthcare, 2014 - 2025 (USD Million)
TABLE 48 North America human capital management (HCM) market in healthcare, by country, 2014 - 2025 (USD Million)
TABLE 49 North America human capital management (HCM) market in IT & telecom, 2014 - 2025 (USD Million)
TABLE 50 North America human capital management (HCM) market in IT & telecom, by country, 2014 - 2025 (USD Million)
TABLE 51 North America human capital management (HCM) market in manufacturing, 2014 - 2025 (USD Million)
TABLE 52 North America human capital management (HCM) market in manufacturing, by country, 2014 - 2025 (USD Million)
TABLE 53 North America human capital management (HCM) market in retail, 2014 - 2025 (USD Million)
TABLE 54 North America human capital management (HCM) market in retail, by country, 2014 - 2025 (USD Million)
TABLE 55 North America human capital management (HCM) market in other end use, 2014 - 2025 (USD Million)
TABLE 56 North America human capital management (HCM) market in other end use, by country, 2014 - 2025 (USD Million)
TABLE 57 U.S. human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 58 U.S. human capital management (HCM) market, by software, 2014 - 2025 (USD Million)
TABLE 59 U.S. human capital management (HCM) market, by service, 2014 - 2025 (USD Million)
TABLE 60 U.S. human capital management (HCM) market, by deployment, 2014 - 2025 (USD Million)
TABLE 61 U.S. human capital management (HCM) market, by enterprise size, 2014 - 2025 (USD Million)
TABLE 62 U.S. human capital management (HCM) market, by end use, 2014 - 2025 (USD Million)
TABLE 63 Canada human capital management (HCM) market, 2014 - 2025 (USD Million)
TABLE 64 Canada human capital management (HCM) market, by software, 2014 - 2025 (USD Million)
TABLE 65 Canada human capital management (HCM) market, by service, 2014 - 2025 (USD Million)
TABLE 66 Canada human capital management (HCM) market, by deployment, 2014 - 2025 (USD Million)
TABLE 67 Canada human capital management (HCM) market, by enterprise size, 2014 - 2025 (USD Million)
TABLE 68 Canada human capital management (HCM) market, by end use, 2014 - 2025 (USD Million) 


List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 North America human capital management (HCM) market, 2014 - 2025 (USD Million)
FIG. 3 North America human capital management (HCM) market - Value chain analysis
FIG. 4 North America human capital management (HCM) - Market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 North America human capital management (HCM) - Company market share, 2018
FIG. 7 North America human capital management (HCM) market - Porter's five forces analysis
FIG. 8 North America human capital management (HCM) market - PESTEL analysis
FIG. 9 North America human capital management (HCM) market - Evolution analysis
FIG. 10 North America human capital management (HCM) market, by software, 2018
FIG. 11 North America human capital management (HCM) market, by service, 2018
FIG. 12 North America human capital management (HCM) market, by deployment, 2018
FIG. 13 North America human capital management (HCM) market, by enterprise size, 2018
FIG. 14 North America human capital management (HCM) market, by end use, 2018
FIG. 15 North America human capital management (HCM) market, by country, 2018
FIG. 16 Regional - Key takeaways
FIG. 17 U.S. human capital management (HCM) market - Key takeaways
FIG. 18 Canada human capital management (HCM) market - Key takeaways

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