A recently released report by Technavio, specialists in
emerging technologies market research, reveals that the Global Human Capital
Management (HCM) Systems market is expected to grow at a CAGR of 5.1 percent.
The report, which covers the Americas as well as the EMEA and APAC regions,
indicates that the market is being driven by the need to streamline human
resource functions.
According to Technavio’s industry analyst, “HR teams are often overloaded with
various tasks that need to be handled manually, which increases the amount of
paperwork and consequently affects overall productivity. Human capital
management solutions have been delivering effective results by increasing the
productivity of HR personnel as it helps HR teams to coordinate various
functions efficiently and automate some of their activities.”
The report also highlights that the high cost of training and implementation
associated with HCM systems is hindering the growth of this market. However,
the increasing need to manage and measure performance is expected to keep
driving the market. There is also a trend in the market of increasing use of
Software as a Service-based HCM solutions.
These are just some of the important findings presented in the report that will
enable companies to fully understand the potential in this market and formulate
their own strategies.
Technavio’s report, Global Human Capital Management Systems Market 2010–2014,
is based on extensive research conducted with industry experts, vendors, and
end-users. It examines the key trends, drivers, and challenges impacting the
evolution of this market. The report also contains incisive insights and SWOT
analyses regarding the key vendors in this market, including Oracle, SAP AG,
Infor, Kronos, and Microsoft.
For further information and to obtain your copy of this report, please visit
http://technavio.com/content/global-human-capital-management-systems-market-2010-2014.
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Contact:
Ludmila Berkesova
Program Manager
Technavio
8 Wimpole Street
W1G 9SP London UK
Tel: +44 (0) 20 7291 0880
Fax: +44 (0) 84 5280 2825
ludmila@technavio.com
http://www.technavio.com
