Human Capital Management market segment gaining in importance

New York | In a new analysis, the US market research company Research Nester assumes an average global growth rate of 9.4% per year for the software market segment Human Capital Management. The analyst understands this to mean simple and more complex software solutions for recruitment and personnel management. In concrete terms, this includes software solutions for talent management, recruiting, payroll, as well as corporate collaboration tools and corresponding learning analytics, which are intended to enable an individual form of learning. According to Research Nester, cloud-based solutions hold the largest market share in the segment. North America accounts for the largest share of sales in the market.

Market trends in the segment are, says Research Nester, the increased spread of Big Data analytics, artificial intelligence and the Internet of Things. In particular, the analyst predicts that smaller companies in particular will increasingly rely on digital solutions during the forecast period in order to simplify processes through automation and save costs. Research Nester, however, believes that cybercrime activities in the form of malware and ransomware as well as data theft are likely to have a restraining effect on the market.

Image: © taa22 –