Canada Human Capital Management (HCM) Market Size to Grow by USD 2,573.90 million | Industry Trends and Forecast to 2028
Canada human capital management (HCM) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.7% in the forecast period of 2021 to 2028 and expected to reach USD 2,573.90 million by 2028.
A large scale Canada
Human Capital Management (HCM) Market research report is prepared by conducting
a systematic, objective and exhaustive study of the details related to several
subjects in the field of marketing. Not to mention, various steps for
gathering, analysing and recording the data and information have been utilized
for generating the report. This market report truly analyses the potential of
the market with respect to current scenario and the future prospects by taking
into consideration numerous industry aspects. The market drivers and restraints
have been explained here using SWOT analysis. Businesses can confidently refer
this top-quality Canada Human Capital Management (HCM) Market report to
accomplish an absolute success.
The market analysis included in the Canada Human Capital Management (HCM)
Market report gives an assessment of various segments that are relied upon to
witness the quickest development amid the approximated forecast frame. The
numerical and statistical data has been denoted in the graphical format for a
clear understanding of facts and figures. It not only identifies emerging
trends along with major drivers, challenges and opportunities in the market but
also analyses them efficiently. Canada Human Capital Management (HCM) Market report
contains historic data, present market trends, environment, technological
innovation, upcoming technologies and the technical progress in the related
industry.
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Canada Human
Capital Management (HCM) Market Scope and Market Size
Canada human
capital management (HCM) market is segmented on the basis of are offering,
deployment model, organization size, and end-user. The segments study helps you
analyse niche pockets of growth and strategies to approach the market and
determine your core application areas and the difference in your target
markets.
·
On the
basis of offering, the Canada human capital management (HCM) market is
segmented into software and services. In 2021, software segment is expected to
dominate the Canada human capital management (HCM) market as human capital
management software reaps significant gains in talent retention while freeing
up HR staff for value-added projects and minimizing audit findings. Moreover,
human capital management software provides human resources teams with several
ways to save without cutting back on the employee experience.
·
On the
basis of deployment model, the Canada human capital management (HCM) market is
segmented into cloud and on-premises. In 2021, the on-premises segment is
expected to dominate the Canada human capital management (HCM) market as
on-premises applications are reliable, secure and allow enterprises to maintain
a level of control that the cloud often cannot. Moreover, an on-premises HCM
platform is usually more customizable and offers greater control over the
implementation process and the data.
·
On the
basis of organization size, the Canada human capital management (HCM) market is
segmented into large enterprises and small and medium-sized enterprises (SMEs).
In 2021, large enterprises segment is expected to dominate the Canada human
capital management (HCM) market as large organizations have larger data of
employees that is needed to be maintained and recorded with minimum error.
Human capital software helps in reducing the manual tasks involved in
performance appraisals, feedbacks, and goal tracking.
·
On the
basis of end user, the Canada human capital management (HCM) market is
segmented into banking, financial services and insurance (BFSI), government, IT
and telecommunication, manufacturing, transportation and logistics, energy and
utilities, retail and consumer goods, healthcare, education, hospitality and
others. In 2021, IT and telecommunication is expected to dominate the Canada
human capital management (HCM) market as the segment is being integrated with
more advanced and digital technologies that incorporate more HR software to
automate the processes. Moreover, the industry has high need of more skilled
work forces and requires highly efficient talent management software.
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Some of the key questions answered in this
report:
·
How has the Canada Human Capital Management
(HCM) Market performed so far and how will it perform in the coming years?
·
What has been the impact of COVID-19 on the Canada
Human Capital Management (HCM) Market?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the Canada Human
Capital Management (HCM) Market and who are the key players?
·
What is the degree of competition in the
industry?
Market Analysis and Insights: Canada Human
Capital Management (HCM) Market
·
Human capital management refers to practices
referring to human resource management. Human capital management helps identify
the organization their specific needs concerning the human capital
competencies. HCM is an essential factor for the success of people-driven
organizations. The HCM is categorized as workforce acquisition, workforce
management, and workforce optimization. The efficient human capital management
solution helps an organization improve employee performance, increase retention
and achieve better results.
·
The major factors driving the growth of the
human capital management (HCM) market are surge in adoption of cloud services
to manage office and field personnel, increasing necessity for workforce
optimisation, and rising focus on talent mobility. Increasing emphasis on
mobile HR apps is creating opportunities for the growth of the market.
Compliance with government data security regulation is acting as the major
restraint for the human capital management (HCM) market. The lack of skilled IT
workforce in SMEs is acting as a major challenge for the growth of the market.
·
This human capital management (HCM) market
report provides details of market share, new developments, and product pipeline
analysis, the impact of domestic and localised market players, analyses
opportunities in terms of emerging revenue pockets, changes in market
regulations, product approvals, strategic decisions, product launches,
geographical expansions, and technological innovations in the market. To
understand the analysis and the market scenario contact us for an Analyst
Brief, our team will help you create a revenue impact solution to achieve your
desired goal.
Key Pointers Covered in Canada
Human Capital Management (HCM) Market Industry Trends and Forecast to 2028
·
Market Size
·
Top to Bottom Market Analysis
·
Recent Developments for Market Competitors
·
Recent Market Value for Different Countries
·
Market value and overview of Canada Human
Capital Management (HCM) market
·
Company profiling of top eight players
of Canada Human Capital Management (HCM) market
Canada Human Capital Management (HCM) Market Developments
·
In October 2020, ADP, Inc. announced the
achievement of the award for "Top HR Product” as a part of the virtual
2020 HR Technology Conference. The recognition was awarded for ADP’s Next Gen
Payroll Platform. This was the sixth consecutive year for ADP, Inc. to receive
the award. The Next Gen Payroll Platform enables the employers to revolutionize
the way they pay their employees. This enhanced the company’s presence in the
market and assured the quality of the products offered.
·
In February 2021, Oracle announced the update in
the Oracle Fusion Cloud HCM’s Employee Care Package as businesses begin planning
the reopening of their workplaces post-Covid-19. The new updates included new
testing and vaccine-tracking capabilities, as well as automated guidance for
employees returning on-site. This also enabled the employer to use Oracle’s HCM
Analytics to monitor percentage of workers vaccinate and other data on the HR
side. This enhanced the company’s presence in the market during the pandemic.
·
In July 2021, SAP SE announced the extension to
its Human experience management (HXM) solutions. This new extension allowed the
customers to introduce new workflows in a matter of days or weeks. No coding
was required to build these extensions and were used to create a fully
integrated experience for employees. It enabled the organizations to create
workflows hat comply with existing authorization, data privacy, and permissions
rules. They also took advantage of mobile UI capabilities and open APIs to
integrate with analytics and third-party applications. This enhanced the
company’s offerings in the human capital management solutions in the market.
Global Travel Beauty Retail Market Country
Level Analysis
·
Canada is growing due to high requirement of
talent acquisition in both small and large enterprises. The region has
witnessed high growth in the automation of HR processes through the use of
human capital management software.
·
The country section of the human capital
management (HCM) market report also provides individual market impacting
factors and changes in regulation in the market domestically that affect the
current and future trends of the market. Data points such as new sales,
replacement sales, country demographics, regulatory acts, and import-export
analysis are some of the major pointers used to forecast the market scenario
for individual countries. Also, the presence and availability of global brands
and their challenges faced due to large or scarce competition from local and
domestic brands, impact of sales channels are considered while providing
forecast analysis of the country data.
Canada Human Capital Management (HCM) Market
Share Analysis
Canada 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, company
strengths and weaknesses, product launch, clinical trials pipelines, brand
analysis, product approvals, patents, product width and breadth, application
dominance, technology lifeline curve. The above data points provided are only
related to the companies’ focus related to Canada human capital management
(HCM) market.
Key player Canada Human Capital Management
(HCM) Market
·
ADP, Inc.
·
SAP SE
·
UKG, Inc.
·
Oracle
·
IBM Corporation
·
Advanced
·
Accenture
·
Cegid
·
Ceridian HCM, Inc.
·
Cornerstone
·
Deltek, Inc.
·
Epicor Software Corporation
·
Hi Bob, Inc.
·
Infor
·
Microsoft
·
Natural HR Limited
·
PeopleFluent
·
Ramco Systems
·
Sage Group PLC
·
Sumtotal Systems, LLC
·
Workday, Inc.
·
WorkForce Software, LLC
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MAJOR TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: Canada Human Capital Management (HCM) Market Share by Product &
Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=canada-human-capital-management-hcm-market
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