Oracle (US) and Ultimate Software (US) are leading players in HCM Market
The global Human Capital Management (HCM) market size is expected to grow from USD 17.6 billion in 2020 to
USD 24.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period.
Integration of emerging technologies, such as Artificial Intelligence (AI), and Machine Learning (ML), with HCM
software has emerged as one of the strongest factors for HCM software and services adoption across regions.
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The HCM market comprises major software providers, such as Workday (US), Oracle (US), ADP (US), SAP (UK),
Microsoft (US), IBM (US), Ultimate Software (US), Ceridian (US), SumTotal (US), Kronos (US),Infor (US), Talentsoft
(France), EmployWise (India), PeopleStrategy (US),Cornerstone (US), Meta4 (US), Ramco Systems (India), Bamboo
HR (US), Namely (US), Workforce Software (US), Zoho (India), Sage Group (UK), Epicor Software (US), Zenefits (US),
Paylocity (US), Gusto (US), Bitrix (US), Benefitfocus (US), WebHR (US), Talentia Software (France), PeopleFluent
(US), Vibe HCM (US), Rippling (US), Ascentis (US), and BizMerlinHR (US). The study includes an in-depth
competitive analysis of key players in the HCM market with their company profiles, recent developments, and key
The players in this market have embraced different strategies to expand their global presence and increase their
market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations, have
been the most dominating strategies adopted by the major players from 2017 to 2020, which helped them
strengthen their offerings and broaden their customer base.
Oracle (US) has a strong foothold in the HCM market with its robust offerings. The company adopted various
organic growth strategies and continues to enhance its expertise in the market. For instance, in May 2020, the
company introduced Oracle Analytics