The North America Human Capital Management Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
HCM practices are divided into three categories: management, acquisition, and optimization, and are focused on the needs of companies to deliver certain skills. Human capital management is also an all-encompassing set of solutions that aids businesses in implementing entire recruitment-to-retirement HR processes that support their long-term company objectives. Customers can control their existing IT investments with HCM's scalable, flexible, and easy-to-integrate solutions. It assists consumers in lowering their total cost of ownership.
Several industry verticals are rapidly embracing cloud-based HCM solutions, including BFSI, retail, healthcare, manufacturing, IT & telecommunications, and media & entertainment. Through an HR employee access portal, these systems allow secure access to numerous administrative activities. Employees can virtually access their data from any location using mobile or desktop devices.
There is an increase in the adoption of modern technologies, smartphones, and workforce analytic solutions across this region. According to the US Bureau of Labor Statistics, employment in the healthcare industry is expected to grow at a rate of over 16% between 2020 and 2030. This projected increase can be ascribed to rising disease prevalence and healthcare research and development, which has resulted in increased demand for healthcare services. As a result, healthcare providers are more likely to use workforce management solutions to recruit and manage their employees. As a result, the adoption of human capital management solutions in this region has a lot of potentials.
The US market dominated the North America Human Capital Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,908 million by 2028. The Canada market is poised to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 8.5% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Software Type, the market is segmented into Core HR, HR Analytics, Workforce Management, and Applicant Tracking System. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government, Telecom & IT, Consumer Goods & Retail, Healthcare & Life Sciences, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Human Capital Management Market is Estimated to reach $36 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ADP, Inc., Cornerstone OnDemand, Inc. (Clearlake Capital Group), Epicor Software Corporation, IBM Corporation, Infor, Inc., Workday, Inc., Oracle Corporation, SAP SE, Sumtotal Systems, LLC (Skillsoft), and UKG, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Software
- Core HR
- HR Analytics
- Workforce Management
- Applicant Tracking System
- Services
By Deployment Mode
By Organization size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By Vertical
- BFSI
- Manufacturing
- Government
- Telecom & IT
- Consumer Goods & Retail
- Healthcare & Life Sciences
- Energy & Utilities
- Transportation & Logistics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ADP, Inc.
- Cornerstone OnDemand, Inc. (Clearlake Capital Group)
- Epicor Software Corporation
- IBM Corporation
- Infor, Inc.
- Workday, Inc.
- Oracle Corporation
- SAP SE
- Sumtotal Systems, LLC (Skillsoft)
- UKG, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Human Capital Management Market, by Component
1.4.2 North America Human Capital Management Market, by Deployment Mode
1.4.3 North America Human Capital Management Market, by Organization size
1.4.4 North America Human Capital Management Market, by Vertical
1.4.5 North America Human Capital Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.1 Market Share Analysis, 2020
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jul – 2022, Feb) Leading Players
Chapter 4. North America Human Capital Management Market by Component
4.1 North America Software Market by Country
4.2 North America Human Capital Management Market by Software Type
4.2.1 North America Core HR Market by Country
4.2.2 North America HR Analytics Market by Country
4.2.3 North America Workforce Management Market by Country
4.2.4 North America Applicant Tracking System Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Human Capital Management Market by Deployment Model
5.1 North America On-premise Market by Country
5.2 North America Cloud Market by Country
Chapter 6. North America Human Capital Management Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium-sized Enterprises (SMEs) Market by Country
Chapter 7. North America Human Capital Management Market by Vertical
7.1 North America BFSI Market by Country
7.2 North America Manufacturing Market by Country
7.3 North America Government Market by Country
7.4 North America Telecom & IT Market by Country
7.5 North America Consumer Goods & Retail Market by Country
7.6 North America Healthcare & Life Sciences Market by Country
7.7 North America Energy & Utilities Market by Country
7.8 North America Transportation & Logistics Market by Country
7.9 North America Others Market by Country
Chapter 8. North America Human Capital Management Market by Country
8.1 US Human Capital Management Market
8.1.1 US Human Capital Management Market by Component
8.1.1.1 US Human Capital Management Market by Software Type
8.1.2 US Human Capital Management Market by Deployment Model
8.1.3 US Human Capital Management Market by Organization Size
8.1.4 US Human Capital Management Market by Vertical
8.2 Canada Human Capital Management Market
8.2.1 Canada Human Capital Management Market by Component
8.2.1.1 Canada Human Capital Management Market by Software Type
8.2.2 Canada Human Capital Management Market by Deployment Model
8.2.3 Canada Human Capital Management Market by Organization Size
8.2.4 Canada Human Capital Management Market by Vertical
8.3 Mexico Human Capital Management Market
8.3.1 Mexico Human Capital Management Market by Component
8.3.1.1 Mexico Human Capital Management Market by Software Type
8.3.2 Mexico Human Capital Management Market by Deployment Model
8.3.3 Mexico Human Capital Management Market by Organization Size
8.3.4 Mexico Human Capital Management Market by Vertical
8.4 Rest of North America Human Capital Management Market
8.4.1 Rest of North America Human Capital Management Market by Component
8.4.1.1 Rest of North America Human Capital Management Market by Software Type
8.4.2 Rest of North America Human Capital Management Market by Deployment Model
8.4.3 Rest of North America Human Capital Management Market by Organization Size
8.4.4 Rest of North America Human Capital Management Market by Vertical
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Oracle Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 SAP SE
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Infor, Inc. (Koch Industries)
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.2.2 Product Launches and Product Expansions:
9.5 Workday, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.6 ADP, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Product Launches and Product Expansions:
9.6.4.2 Acquisition and Mergers:
9.6.4.3 Geographical Expansions:
9.7 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.8 UKG, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Acquisition and Mergers:
9.9 Sumtotal Systems, LLC (Skillsoft)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. Epicor Software Corporation
9.10.1 Company Overview
TABLE 1 North America Human Capital Management Market, 2018 - 2021, USD Million
TABLE 2 North America Human Capital Management Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Human Capital Management Market
TABLE 4 Product Launches And Product Expansions– Human Capital Management Market
TABLE 5 Acquisition and Mergers– Human Capital Management Market
TABLE 6 Geographical Expansions
TABLE 7 North America Human Capital Management Market by Component, 2018 - 2021, USD Million
TABLE 8 North America Human Capital Management Market by Component, 2022 - 2028, USD Million
TABLE 9 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Human Capital Management Market by Software Type, 2018 - 2021, USD Million
TABLE 12 North America Human Capital Management Market by Software Type, 2022 - 2028, USD Million
TABLE 13 North America Core HR Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Core HR Market by Country, 2022 - 2028, USD Million
TABLE 15 North America HR Analytics Market by Country, 2018 - 2021, USD Million
TABLE 16 North America HR Analytics Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Workforce Management Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Workforce Management Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Applicant Tracking System Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Applicant Tracking System Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Human Capital Management Market by Deployment Model, 2018 - 2021, USD Million
TABLE 24 North America Human Capital Management Market by Deployment Model, 2022 - 2028, USD Million
TABLE 25 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 26 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Human Capital Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 30 North America Human Capital Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 31 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Small & Medium-sized Enterprises (SMEs) Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Small & Medium-sized Enterprises (SMEs) Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Human Capital Management Market by Vertical, 2018 - 2021, USD Million
TABLE 36 North America Human Capital Management Market by Vertical, 2022 - 2028, USD Million
TABLE 37 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 38 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Consumer Goods & Retail Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Consumer Goods & Retail Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 55 North America Human Capital Management Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Human Capital Management Market by Country, 2022 - 2028, USD Million
TABLE 57 US Human Capital Management Market, 2018 - 2021, USD Million
TABLE 58 US Human Capital Management Market, 2022 - 2028, USD Million
TABLE 59 US Human Capital Management Market by Component, 2018 - 2021, USD Million
TABLE 60 US Human Capital Management Market by Component, 2022 - 2028, USD Million
TABLE 61 US Human Capital Management Market by Software Type, 2018 - 2021, USD Million
TABLE 62 US Human Capital Management Market by Software Type, 2022 - 2028, USD Million
TABLE 63 US Human Capital Management Market by Deployment Model, 2018 - 2021, USD Million
TABLE 64 US Human Capital Management Market by Deployment Model, 2022 - 2028, USD Million
TABLE 65 US Human Capital Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 66 US Human Capital Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 67 US Human Capital Management Market by Vertical, 2018 - 2021, USD Million
TABLE 68 US Human Capital Management Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Canada Human Capital Management Market, 2018 - 2021, USD Million
TABLE 70 Canada Human Capital Management Market, 2022 - 2028, USD Million
TABLE 71 Canada Human Capital Management Market by Component, 2018 - 2021, USD Million
TABLE 72 Canada Human Capital Management Market by Component, 2022 - 2028, USD Million
TABLE 73 Canada Human Capital Management Market by Software Type, 2018 - 2021, USD Million
TABLE 74 Canada Human Capital Management Market by Software Type, 2022 - 2028, USD Million
TABLE 75 Canada Human Capital Management Market by Deployment Model, 2018 - 2021, USD Million
TABLE 76 Canada Human Capital Management Market by Deployment Model, 2022 - 2028, USD Million
TABLE 77 Canada Human Capital Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 78 Canada Human Capital Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 79 Canada Human Capital Management Market by Vertical, 2018 - 2021, USD Million
TABLE 80 Canada Human Capital Management Market by Vertical, 2022 - 2028, USD Million
TABLE 81 Mexico Human Capital Management Market, 2018 - 2021, USD Million
TABLE 82 Mexico Human Capital Management Market, 2022 - 2028, USD Million
TABLE 83 Mexico Human Capital Management Market by Component, 2018 - 2021, USD Million
TABLE 84 Mexico Human Capital Management Market by Component, 2022 - 2028, USD Million
TABLE 85 Mexico Human Capital Management Market by Software Type, 2018 - 2021, USD Million
TABLE 86 Mexico Human Capital Management Market by Software Type, 2022 - 2028, USD Million
TABLE 87 Mexico Human Capital Management Market by Deployment Model, 2018 - 2021, USD Million
TABLE 88 Mexico Human Capital Management Market by Deployment Model, 2022 - 2028, USD Million
TABLE 89 Mexico Human Capital Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 90 Mexico Human Capital Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 91 Mexico Human Capital Management Market by Vertical, 2018 - 2021, USD Million
TABLE 92 Mexico Human Capital Management Market by Vertical, 2022 - 2028, USD Million
TABLE 93 Rest of North America Human Capital Management Market, 2018 - 2021, USD Million
TABLE 94 Rest of North America Human Capital Management Market, 2022 - 2028, USD Million
TABLE 95 Rest of North America Human Capital Management Market by Component, 2018 - 2021, USD Million
TABLE 96 Rest of North America Human Capital Management Market by Component, 2022 - 2028, USD Million
TABLE 97 Rest of North America Human Capital Management Market by Software Type, 2018 - 2021, USD Million
TABLE 98 Rest of North America Human Capital Management Market by Software Type, 2022 - 2028, USD Million
TABLE 99 Rest of North America Human Capital Management Market by Deployment Model, 2018 - 2021, USD Million
TABLE 100 Rest of North America Human Capital Management Market by Deployment Model, 2022 - 2028, USD Million
TABLE 101 Rest of North America Human Capital Management Market by Organization Size, 2018 - 2021, USD Million
TABLE 102 Rest of North America Human Capital Management Market by Organization Size, 2022 - 2028, USD Million
TABLE 103 Rest of North America Human Capital Management Market by Vertical, 2018 - 2021, USD Million
TABLE 104 Rest of North America Human Capital Management Market by Vertical, 2022 - 2028, USD Million
TABLE 105 Key information – IBM Corporation
TABLE 106 Key Information – Oracle Corporation
TABLE 107 Key Information – SAP SE
TABLE 108 Key Information – Infor, Inc.
TABLE 109 Key Information – Workday, inc.
TABLE 110 Key Information – ADP, Inc.
TABLE 111 Key information – Cornerstone OnDemand, Inc.
TABLE 112 Key Information – UKG, Inc.
TABLE 113 Key Information – SumTotal Systems, LLC
TABLE 114 Key Information – Epicor Software Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2020
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jul – 2022, feb) Leading Players
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: Oracle Corporation
FIG 9 SWOT analysis: Oracle Corporation
FIG 10 Recent strategies and developments: SAP SE
FIG 11 SWOT Analysis: SAP SE
FIG 12 Recent strategies and developments: Infor, Inc.
FIG 13 Recent strategies and developments: ADP, Inc.
FIG 14 Recent strategies and developments: Cornerstone OnDemand, Inc.
FIG 15 Recent strategies and developments: UKG, Inc.