The global Human Capital Management (HCM) market, valued at USD 27.39 billion in 2024, is projected to grow at a compound annual growth rate (CAGR) of 8.5% during the forecast period. This growth is indicative of the increasing recognition of human capital as a critical asset in driving organizational success. A detailed analysis of market segmentation reveals that advancements in product differentiation, application-specific growth, and value chain optimization are central to the evolution of the HCM landscape.
In terms of product offerings, core HR solutions continue to dominate the HCM market, owing to their foundationa
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