North America Human Capital Management Market – Size, Outlook, Trends, and Forecast (2024

North America Human Capital Management Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Human Capital Management (HCM) is a set of practices which focus on the need for an organisation to provide specific abilities in 3 different categories acquisition, workforce management, and workforce optimisation. The organisations invest in human capital in the form of free training, higher wages, offering health and exercise programs, reimbursement of educational expenses, and supporting a family through healthcare and consulting services.

North America Human Capital Management Market Report Segments Size & Growth:

North America Human Capital Management Market size is projected to reach approximately USD XX Billion by the end of 2024 with a CAGR of close to XX% from USD XX Billion in 2017 during the forecast timeline 2018-2024. Growing demand in the mobile HCM applications and growing demand for talent mobility in the organisations is driving the HCM market size. With the advancement of technology, the organisation is shifting to cloud-based software solutions and deployment. Due to this heavy adoption of cloud-based services by many organisations led to potential markets coming into the picture. On the other hand, privacy and security questions are arising due to this cloud-based deployment of information from organisation to organisation. Due to this security, cyber thefts or hacking of the information deployed from the cloud is leading the most of the companies resistant to adapt to new solutions. Even because of the absence of expertise in using the cloud-based system is another challenge faced by this HCM industry.

North America Human Capital Management Market Report Segments Share:

The North America HCM Market is segmented by an operation carried out by using a software type, and they are Workforce Management, Sourcing and Recruitment, Applicant Tracking System, Staff Vendor Management, Core HR and others. Among these, the Core HR software market

North America Human Capital Management Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

size is expected to be the largest over the forecasting period. The need for Core HR software in any organisation is a basic requirement which includes payroll, benefits administration maintenance of employee data, talent management, workforce management and others. This particular software is legit for and enterprise irrespective of its size hence propelling the America HCM market

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North America Human Capital Management Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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