SAN FRANCISCO, June 27, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Human Capital Management – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.
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Editing: 9; Published: January 2022
Executive Pool: 21303
Companies: 133 – Players covered include Automatic Data Processing, Inc. (ADP); Ceridian HCM, Inc.; Cornerstone OnDemand, Inc.; Employwise Inc.; IBM Corporation; Info; Kronos, Inc.; Oracle Corporation; Paycom; Peoplestrategy, Inc.; SAP SE; SumTotal Systems LLC; Ultimate Software Group, Inc.; Workday, Inc. and others.
Cover: All major geographies and key segments
segments: Software (basic HR, workforce management, sourcing and recruiting, applicant tracking system, personnel vendor management, other software)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Human Capital Management Market to Reach $26.8 billion by 2026
Amid COVID-19 crisis, Global Human Capital Management Market Estimated at US$16.8 billionis expected to reach a revised size of US$26.8 billion by 2026, growing at a CAGR of 8% over the analysis period. Core HR, one of the segments analyzed in the report, is expected to register a CAGR of 9.2% and reach US$11.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Workforce Management segment is readjusted to a revised CAGR of 7.9% for the next 7-year period.
The US market is estimated at $4.9 billion in 2021, when China is expected to reach $5.9 billion by 2026
The human capital management market in the United States is estimated at US$4.9 billion in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$5.9 billion by 2026 with a CAGR of 12.2% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 4.2% and 7.2% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 5.2%.
Sourcing and recruitment Segment to reach US$3.4 billion by 2026
In the global Sourcing and Recruitment segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 7.1% estimated for this segment. These regional markets representing a combined market size of US$1.6 billion will reach a projected size of US$2.6 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. After
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About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.