Market Overview:
The global Workday Human Capital Management Service Software market is expected to grow from USD 2.5 billion in 2018 to USD 7.8 billion by 2030, at a CAGR of 16.9% during the forecast period. The growth of the market can be attributed to the increasing demand for cloud-based human capital management software and rising adoption of human capital management software by small and medium-sized enterprises (SMEs). However, data security concerns may restrain the growth of this market during the forecast period.
Product Definition:
Workday Human Capital Management Service Software is used to manage employee data and track employee roles and responsibilities. It is important for organizations to have a system in place that can effectively manage employee data so that the organization can make informed decisions about hiring, firing, promotions, and other personnel-related matters. Workday Human Capital Management Service Software helps organizations do just that by providing a secure system for tracking employee information.
Cloud-Based:
Cloud-based, it's usage and growth factor in Workday Human Capital Management Service Software market? By type (On-premise, Cloud), By end user (BFSI, Retail & Ecommerce), And Segment Forecasts to 2022 -> The global cloud based it's usage and growth factor in the Workday human capital management service software market size was valued at USD 1.51 billion in 2014.
On-Premises:
On-premises is a term used for software installed and running from the customer's own computer systems or servers. In other words, it means that the software is being run by an end user on their premises (on-premises) rather than over the internet. The primary benefit of on-premise HCM solution is that all data related to employees and their profiles are stored internally, thereby preventing any security breaches or losses due to data theft.
Application Insights:
The large enterprises segment dominated the global workday human capital management service software market in 2017. This is attributed to factors such as high adoption rates, preference for complex and advanced solutions, and increasing demand from large organizations. The small enterprises segment is expected to witness the fastest growth over the forecast period owing to an increase in demand for cost-efficient and easy-to-use HCM solutions, especially from SMEs. Furthermore, growing penetration of smartphones coupled with improved internet connectivity has enabled small businesses to access remote offices or servers directly through a web browser without having physical access to these devices. This factor is anticipated to further boost their adoption of on premises or cloud based HCM systems in near future resulting in increased competition within this category during 2018 - 2030 period.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of GWTHCS services in emerging economies, such as China and India. In addition, rising number of small & medium enterprises in these countries will drive the market further. North America and Europe are relatively mature markets for global workday human capital management software solutions and thus are anticipated to witness steady growth over the next eight years.
The demand for HCM solutions is on rise due to increased focus on employee engagement strategies by companies based in U.S.
Growth Factors:
- Increasing demand for cloud-based human capital management software due to its advantages such as scalability, flexibility, and cost-effectiveness.
- Rising number of small and medium businesses (SMBs) that are shifting from on-premises software to cloud-based solutions due to the latter's lower costs and easy deployment/upgradation options.
- Proliferation of mobile devices and BYOD policies in organizations, which is driving the demand for cloud-based HCM solutions that can be accessed from anywhere at any time.
- Growing need to manage employee data more effectively in order to comply with government regulations such as GDPR (General Data Protection Regulation).
Scope Of The Report
Report Attributes
Report Details
Report Title
Workday Human Capital Management Service Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
HRMS Consulting, Deloitte, OneSource Virtual, Kainos, NGA Human Resources
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Workday Human Capital Management Service Software Market Report Segments:
The global Workday Human Capital Management Service Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HRMS Consulting
- Deloitte
- OneSource Virtual
- Kainos
- NGA Human Resources
Highlights of The Workday Human Capital Management Service Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- Large Enterprises(1000+ Users)
- Medium-Sized Enterprise(499-1000 Users)
- Small Enterprises(1-499 Users)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Workday Human Capital Management Service Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Workday Human Capital Management Service Software is a cloud-based human capital management software that helps organizations manage employee data, performance reviews, and compensation.
Some of the major companies in the workday human capital management service software market are HRMS Consulting, Deloitte, OneSource Virtual, Kainos, NGA Human Resources.
The workday human capital management service software market is expected to grow at a compound annual growth rate of 16.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Workday Human Capital Management Service Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Workday Human Capital Management Service Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Workday Human Capital Management Service Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Workday Human Capital Management Service Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Workday Human Capital Management Service Software Market Size & Forecast, 2018-2028
4.5.1 Workday Human Capital Management Service Software Market Size and Y-o-Y Growth
4.5.2 Workday Human Capital Management Service Software Market Absolute $ Opportunity
Chapter 5 Global Workday Human Capital Management Service Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Workday Human Capital Management Service Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Workday Human Capital Management Service Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Workday Human Capital Management Service Software Market Size Forecast by Applications
6.2.1 Large Enterprises(1000+ Users)
6.2.2 Medium-Sized Enterprise(499-1000 Users)
6.2.3 Small Enterprises(1-499 Users)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Workday Human Capital Management Service Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Workday Human Capital Management Service Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Workday Human Capital Management Service Software Analysis and Forecast
9.1 Introduction
9.2 North America Workday Human Capital Management Service Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Workday Human Capital Management Service Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Workday Human Capital Management Service Software Market Size Forecast by Applications
9.10.1 Large Enterprises(1000+ Users)
9.10.2 Medium-Sized Enterprise(499-1000 Users)
9.10.3 Small Enterprises(1-499 Users)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Workday Human Capital Management Service Software Analysis and Forecast
10.1 Introduction
10.2 Europe Workday Human Capital Management Service Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Workday Human Capital Management Service Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Workday Human Capital Management Service Software Market Size Forecast by Applications
10.10.1 Large Enterprises(1000+ Users)
10.10.2 Medium-Sized Enterprise(499-1000 Users)
10.10.3 Small Enterprises(1-499 Users)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Workday Human Capital Management Service Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Workday Human Capital Management Service Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Workday Human Capital Management Service Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Workday Human Capital Management Service Software Market Size Forecast by Applications
11.10.1 Large Enterprises(1000+ Users)
11.10.2 Medium-Sized Enterprise(499-1000 Users)
11.10.3 Small Enterprises(1-499 Users)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Workday Human Capital Management Service Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Workday Human Capital Management Service Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Workday Human Capital Management Service Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Workday Human Capital Management Service Software Market Size Forecast by Applications
12.10.1 Large Enterprises(1000+ Users)
12.10.2 Medium-Sized Enterprise(499-1000 Users)
12.10.3 Small Enterprises(1-499 Users)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Workday Human Capital Management Service Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Workday Human Capital Management Service Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Workday Human Capital Management Service Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Workday Human Capital Management Service Software Market Size Forecast by Applications
13.10.1 Large Enterprises(1000+ Users)
13.10.2 Medium-Sized Enterprise(499-1000 Users)
13.10.3 Small Enterprises(1-499 Users)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Workday Human Capital Management Service Software Market: Competitive Dashboard
14.2 Global Workday Human Capital Management Service Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HRMS Consulting
14.3.2 Deloitte
14.3.3 OneSource Virtual
14.3.4 Kainos
14.3.5 NGA Human Resources
