HCM Suite Application Market, Global Outlook and Forecast 2023-2029
HCM suites encompass functionality to help organizations attract, develop, engage, retain and manage their workers. HCM encompasses the following HR functions: Administrative HR includes organizational and employee data, transactional employee and manager self-service, benefits, and payroll administration. Talent management applications are composed of recruiting, onboarding, performance and engagement management, compensation planning, career and succession planning, learning and development, and workforce planning. Workforce management includes absence management, time and attendance management, task management, budgeting and forecasting, and scheduling, and is usually deployed to manage hourly paid workers. HR service delivery includes direct access to policy and procedure guidance for employees and managers. It may also include case management, knowledge base and digital document management.
This report aims to provide a comprehensive presentation of the global market for HCM Suite Application, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HCM Suite Application. This report contains market size and forecasts of HCM Suite Application in global, including the following market information:
Global HCM Suite Application Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global HCM Suite Application market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Cloud-based Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of HCM Suite Application include Workday, Oracle, SAP, Ceridian, ADP, Kronos, Globoforce, Skillsoft SumTotal and FinancialForce, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the HCM Suite Application companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HCM Suite Application Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global HCM Suite Application Market Segment Percentages, by Type, 2022 (%)
Global HCM Suite Application Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global HCM Suite Application Market Segment Percentages, by Application, 2022 (%)
- Manufacturing
- Retail
- Financial
- Government
- Others
Global HCM Suite Application Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global HCM Suite Application Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies HCM Suite Application revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies HCM Suite Application revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Workday
- Oracle
- SAP
- Ceridian
- ADP
- Kronos
- Globoforce
- Skillsoft SumTotal
- FinancialForce
- GE API Healthcare
- Infor
- Ramco Systems
- Unit4
- Paycor
- ZingHR
- Sopra Steria
- NGA Human Resources
Outline of Major Chapters:
Chapter 1: Introduces the definition of HCM Suite Application, market overview.
Chapter 2: Global HCM Suite Application market size in revenue.
Chapter 3: Detailed analysis of HCM Suite Application company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of HCM Suite Application in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
