SOURCE: MarketResearch.com

MarketResearch.com

August 30, 2011 11:08 ET

Human Capital Management (HCM) Systems to Grow 5% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Aug 30, 2011) - MarketResearch.com has announced the addition of the new report "Global Human Capital Management Systems Market 2010-2014" to their collection of Software & Services market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6487061

This report reveals that the Global Human Capital Management (HCM) Systems market is expected to grow 5% annually through 2014.The report indicates that the market is being driven by the need to streamline human resource functions.

According to the report's 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, which covers the Americas as well as the EMEA and APAC regions, also highlights that the high cost of training and implementation associated with HCM systems is hindering the growth of this market. Nevertheless, an increasing need to manage and measure performance is expected to drive the market. There is also a trend in the market of increasing use of SaaS-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.

"Global Human Capital Management Systems Market 2010-2014" is based on extensive research conducted with industry experts, vendors, and end-users. The report 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 more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6487061

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