GITNUX MARKETDATA REPORT 2024

Human Capital Management Industry Statistics

Human Capital Management industry is anticipated to experience steady growth due to increasing demand for talent management solutions and focus on employee development.

Statistic 1

"AI is expected to influence the HCM market significantly, with AI in HR projected to grow by 31.5% annually through 2025."

Sources Icon

Statistic 2

"Mobile accessibility is a key feature for 80% of HCM software buyers."

Sources Icon

Statistic 3

"53% of companies use HR technology to enhance employee engagement."

Sources Icon

Statistic 4

"HCM software reduces HR administrative time by 30%."

Sources Icon

Statistic 5

"25% of organizations are planning to implement advanced analytics within HCM systems."

Sources Icon

Statistic 6

"The cost of replacing an employee is typically 33% of their annual salary."

Sources Icon

Statistic 7

"45% of organizations plan to increase investment in Learning & Development technologies."

Sources Icon

Statistic 8

"The HCM market is expected to grow at a CAGR of 10.5% from 2021 to 2028."

Sources Icon

Statistic 9

"82% of organizations are using some form of applicant tracking system."

Sources Icon

Statistic 10

"70% of global organizations have undergone major HR technology transformation projects in the last three years."

Sources Icon

Statistic 11

"The global human capital management market was valued at approximately USD 16 billion in 2020."

Sources Icon

Statistic 12

"90% of large organizations use talent management systems."

Sources Icon

Statistic 13

"78% of companies are using or planning to use employee wellness software within their HCM systems."

Sources Icon

Statistic 14

"Cloud-based HCM solutions account for over 40% of the market share."

Sources Icon

Statistic 15

"Around 65% of companies identify improving employee retention as a primary goal for HCM investment."

Sources Icon

Statistic 16

"Companies leveraging HCM technologies report a 15% increase in employee productivity."

Sources Icon

Statistic 17

"Nearly 60% of HR leaders report they will increase spending on HR technology in the next year."

Sources Icon

Statistic 18

"Over 50% of HR professionals believe HCM systems improve decision-making capabilities."

Sources Icon

Statistic 19

"Employee self-service applications represent 25% of HCM technology spend."

Sources Icon

Statistic 20

"Cloud HR technology adoption increased by 225% between 2015 and 2020."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!