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Human Capital Management (HCM) Market Share

Report ID: GMI9034
Published Date: Apr 2024
Report Format: PDF

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Human Capital Management Market Share

Workday and ADP hold a significant market share of over 35% in the human capital management (HCM) industry. These companies are placing dedicated efforts to address the unique challenges and opportunities within this market. With a focus on maximizing the potential of their workforce, organizations are increasingly investing in HCM technologies tailored to their specific needs.

Human Capital Management Market Companies

Major companies operating in the human capital management (HCM) industry are:

ADP
Ceradian
Cornerstone OnDemand
IBM Corporation
Oracle
Paychex
Paycom
SAP
UKG
Workday

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of human capital management (HCM) recorded USD 29 billion in 2023 and is set to witness 4% CAGR from 2024 to 2032, owing to the rising integration of new technologies like AI by leading companies.

The software segment is estimated to accumulate over USD 44 billion by 2032, owing to the growing demand to effectively recruit, develop, and retain talent.

North America market accounted for over 39% share in 2023, led by the strong focus on talent optimization and organizational efficiency.

ADP, Ceradian, Cornerstone OnDemand, IBM Corporation, Oracle, Paychex, Paycom, SAP, UKG, and Workday some of the major HCM companies worldwide.