Europe Human Capital Management (HCM) Market to Reach A CAGR of 12.80% By The Year 2030

 

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 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 Europe 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 12.8% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Market Definition

Human capital management (HCM) is used for optimizing, recruiting, managing, developing, and increasing employee value within the company. It covers a 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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Europe Human Capital Management (HCM) Market Scope

The human capital management (HCM) market is segmented on the basis of component, deployment model, organization size, vertical and functionality. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Europe Human Capital Management (HCM) market, By Component (Service, Software), Deployment Model (Cloud, On-Premises), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance, Government, Manufacturing, Telecom and IT, Consumer Goods and Retail, Healthcare and Life Sciences, Energy and Utilities,  Transportation and Logistics, Others), Functionality (Core HR, Talent Acquisition, Performance Management, Succession Planning, Reward and Recognition, Advance Analytics, Compliance, Others) - Industry Trends and Forecast to 2030.

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