Human Capital Management Market Size, Share & Industry Analysis, By Offering (Software (Core HR, Talent Management, Workforce Management, Payroll & Compensation, and Others) and Services), By Deployment (On-premises and Cloud), By Enterprise Type (Large Enterprises and Small and Medium-sized Enterprises), By End-use Industry (IT & Telecommunication, BFSI, Government, Retail, Healthcare, Education, Manufacturing, and Others), and Regional Forecast, 2025 – 2032

In 2024, the market was valued at USD 31.34 billion.

The market is projected to record a CAGR of 9.6% during the forecast period.

The talent management software segment is expected to lead the market.

Leveraging cloud computing for HR and talent management across organizations will boost the markets growth.

SAP SE, Automatic Data Processing (ADP), Inc., Oracle Corporation, Microsoft Corporation, Cornerstone OnDemand, Inc., Ceridian HCM, Inc., and Infor, Inc. are the top players in the market.

North America is expected to hold the highest market share.

By end-use industry, the healthcare segment is expected to record the highest CAGR during the forecast period.