North America Human Capital Management Market 2025 Global Size, Key Companies, Trends, Growth And Regional Forecasts North America Human Capital Management Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The North America human capital management (HCM) market size is anticipated to reach USD 10.2 billion until 2025. It is projected to register growth with 10.5% CAGR from 2019 to 2025. This growth can be associated with the rapid technological advances like IT (Information & Technology) and AI (Artificial Intelligence) coupled with the surging need for human capital management solutions. In 2018, the integration and deployment segment was valued USD 646.9 million owing to the rising adoption of these solutions across several organizations. While the support and maintenance service segment is also projected to gain substantial growth from 2019 to 2025 due to the increasing need for support and maintenance of such solutions.
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The hosted deployment segment is projected to gain traction in the upcoming years on account of flexibility and control offered by it. On the other hand, the on-premise deployment segment is being used by some organizations due to the rising concerns over the security of data and restrictions over the third party data accessibility.