Human Capital Management Market Size, Share, COVID-19 Impact Analysis & Trends Report 2021-2028 (PDF)

Human Capital Management Market Size, Share, COVID-19 Impact Analysis & Trends Report 2021-2028 (PDF)

Human Capital Management Market Overview

The global Human Capital Management market size was valued at USD 17.6 billion in 2019 and it is anticipated to reach USD 24.3 billion by 2028 as per the new market research report published by  UpGraph Research.

Human Capital Management is a number of practices related to people resource management. These practices vary for different organizations and are divided into three categories: workforce acquisition, workforce management, and workforce optimization.

Integrating advanced technologies like Artificial Intelligence, Machine Learning, IoT, and so on with the HCM software has increased its demand in the market. With cloud adoption, it is said that this will create more opportunities for HCM vendors to grow their sales thereby increasing the market need.

Segmentation Overview

The segments of the global Human Capital Management market are based on component, deployment type, industry verticals, Organization Size, and Region.

  • The Solution segment is further classified into software and services. The software segment is said to hold the largest share in the market during the given forecast period.
  • The deployment type segment is further segmented into the cloud and on-premises. Among these, the on-premises segment shows the highest growth.
  • The Industry vehicles segment is further segmented into banking financial services and insurance, retail, IT & telecommunication, healthcare, hospitality, government, manufacturing, and others.
  •  The organization size segment is further segmented into Small and Medium-sized Enterprises (SMEs), Large Enterprises. The large enterprise sub-segment holds the most shares in this segment

Overall growth is shown by the deployment type segment. According to this study over the next five years, the Human Capital Management market will project growth of 7.8% CAGR with its market size at USD 13,004 million in 2020 and anticipated to reach USD 22,174 million by 2028.

Global Human Capital Management Market Segmentation

This market report shall provide in-depth information including market estimates & forecast, trends, market growth analysis at regional and country level for the following key segments in the Global Human Capital Management  market

Segment Subsegment
Solution Software

  1. Core HR
  • Applicant Tracking System
  • HR Analytics
  • Workforce Management


  • Integration and Implementation
  • Training and Education
  • Support and Maintenance
  • Consulting
Deployment Type
  • On-premises
  • Cloud
Industry vertical
  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Manufacturing
  • Telecom and IT
  • Consumer Goods and Retail
  • Healthcare and Life Sciences
  • Energy and Utilities
  • Transportation and Logistics
  • Others
Organization Size
  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises
  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Asia-Pacific
  • Japan
  • China
  • India
  • South America
  • Brazil
  • The Middle East
  •  Africa
  • UAE
  • South Africa

Key Players / Top Companies in the Global Human Capital Management Market

The report shall incorporate detailed company profiles of the following key players including their business overview, financial performance, product/service benchmarking, strategic initiatives:

  • Cornerstone OnDemand, Inc.
  • Epicor Software Corporation
  • IBM Corporation
  • Infor
  • Kronos, Inc.
  • Oracle Corporation
  • SAP SE
  • SumTotal Systems, LLC
  • Ultimate Software Group, Inc.
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