Europe Human Capital Management (HCM) Market to Reach a Value of USD 24, 475.70 million
Europe Human Capital Management (HCM) Market Analysis and Size
Human resource is the main part of any enterprise or business. Without human resources (HR), an organization cannot achieve objectives and goals. HR department deals with several functions such as employee’s performance, payroll, training, and attendance among others. Currently, organizations are shifting towards digitalization, they are adopting human capital management (HCM solutions to manage all tasks related to employees such as their performance, payroll system, attendance and others. Nowadays, organizations are adopting those human capital management (HCM) solutions that increase overall productivity and provide specific proficiencies to manage employees effectively.
Data Bridge Market Research analyses that the human capital management (HCM) market is expected to reach USD 24, 475.70 million by 2030, which was USD 9,338.18 million in 2022, at a CAGR of 12.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Human capital management (HCM) are used for optimizing, recruiting, managing, developing, and increasing employee value within the company. It covers an extensive range of core administrative and strategic processes and practices, such as workforce planning, compensation planning, payroll, training, compliance, onboarding, and performance management. It also covers benefits administration, workflow management, time and attendance, reporting and analytics, retirement services and employee service and self-service.
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Competitive Landscape and Human Capital Management (HCM) Market Share Analysis
The human capital management (HCM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to human capital management (HCM) market.
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Human Capital Management (HCM) Market Regional Analysis/Insights
The human capital management (HCM) market is analyzed and market size insights and trends are provided by country, component, deployment model, organization size, vertical and functionality as referenced above.
The countries covered in the human capital management (HCM) market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe.
U.K. dominates the Europe human capital management (HCM) market because of presence of large numbers of HR software providers and more start-ups are being established in this region. Moreover, growing deployment of workforce analytics solutions and increasing adoption of advanced technology will further boost the market growth.
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