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Human Capital Management Software Market in Germany 2016-2020

Human Capital Management Software Market in Germany 2016-2020

About HCM

HCM is the process of staffing employees that considers people as assets or human capital whose current value can be measured and future value can be enhanced through investments. HCM software solutions help manage a large and growing workforce in an effective way. It streamlines the traditional HR functions such as benefits administration, personnel tracking, and payroll. Additionally, it automates many administrative processes such as reporting and attendance monitoring to increase productivity. It also helps in strategic level processes such as recruitment, employee development, and employee management.

Technavio’s analysts forecast the human capital management (HCM) software market in Germany to grow at a CAGR of 5.47% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the human capital management (HCM) software market in Germany for 2016-2020. To calculate the market size, the report considers the revenue obtained from software licenses, maintenance costs, and professional services.

The market is divided into the following segments based on process:

  • Strategic segment
  • Administrative segment
Technavio's report, human capital management (HCM) software market in Germany 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ADP
  • Oracle
  • SAP
  • Workday
  • BambooHR
  • PeopleFluent
  • Ultimate Software
  • Zoho
Other prominent vendors
  • CakeHR
  • Ceridian
  • Cezanne HR
  • Epicor
  • FinancialForce
  • IBM Kenexa
  • Infor
  • Kronos
  • Namely
  • Sage
  • Haufe-umantis
  • WebHR
Market driver
  • Introduction of Employment & Labor Law 2016 in Germany
  • For a full, detailed list, view our report
Market challenge
  • Data security and privacy
  • For a full, detailed list, view our report
Market trend
  • Increasing popularity of advanced workforce analytics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Human Capital Management (HCM) Software Market in Germany 2016-2020

Technavio recognizes the following companies as the key players in the human capital management (HCM) software market in Germany: ADP, Oracle, SAP, Workday, BambooHR, PeopleFluent, Ultimate Software, and Zoho.

Other Prominent Vendors in the market are: CakeHR, Ceridian, Cezanne HR, Epicor, FinancialForce, IBM Kenexa, Infor, Kronos, Namely, Sage, Haufe-umantis, and WebHR.

Commenting on the report, an analyst from Technavio’s team said: “Increasing popularity of advanced workforce analytics will be a key trend for market growth. The use of workforce analytics is gaining popularity in Germany. Organizations have understood that they need data to figure out what attracts people to join, perform well, and stay with an organization. Data also provides insights into recognizing favorable conditions required to deliver the highest-quality customer service and innovation. In order to extract insights from the employee and applicant data, organizations need workforce analytics. ”

According to the report, increasing workforce diversity will be a key driver for market growth. Business growth depends on attracting and retaining a workforce with globally diverse values and demographics. With diversity being seen as a strategic business advantage, HR executives are of the view that companies must adopt multicultural and multigenerational needs to meet the ongoing recruitment and retention goals.

Further, the report states that according to the German labor law, the HR plays a strategic role in running the organization’s compliance programs based on prevalent regulations and norms. Insights into labor regulations, working knowledge and expertise of various compliance and regulatory requirements, etc. are keys toward building credibility. So, it has made compulsory that compliance and ethics programs must be embedded into an organization’s culture to prevent liabilities that arise from non-compliance. HCM solutions include features that take care of all compliance and legal issues, but since the labor law is changing frequently in Germany, the compliance features of HCM also needs to be updated according to recent laws. It is a major challenge for all HCM software vendors to overcome.

Companies Mentioned

ADP, Oracle, SAP, Workday, BambooHR, PeopleFluent, Ultimate Software, Zoho, CakeHR, Ceridian, Cezanne HR, Epicor, FinancialForce, IBM Kenexa, Infor, Kronos, Namely, Sage, Haufe-umantis, WebHR.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market segmentation
    • Vendors
    • Review period
    • Currency exchange
    • Target audience
    • Vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • HCM market in Germany
    • Benefits of HCM
  • Market landscape
    • Market overview
      • Table Overview of HCM software market in Germany
      • Table New vendors in HCM software market in Germany
    • Market size and forecast
      • Table HCM software market in Germany 2015-2020 ($ billions)
  • Market segmentation by deployment type
    • HCM software market in Germany by deployment type
      • Table Global HCM software market in Germany by deployment type 2015 and 2020 (% share)
      • Table Comparison of cloud and on-premises HCM software
  • Market segmentation by end-users
    • HCM software market in Germany by end-user
      • Table HCM software market in Germany by end-user 2015 and 2016 (% share)
  • Market segmentation by process
    • HCM software market in Germany by process
      • Table HCM software market in Germany by process 2015 (% share)
      • Table Administrative HR processes 2015 (% share)
      • Table Strategic HR processes 2015 (% share)
  • Buying criteria
    • Table Buying criteria for HCM software in Germany
  • Market drivers
    • Introduction of Employment & Labor Law 2016 in Germany
    • Increasing HR software budgets
      • Table HR software spending per employee ($)
    • Increasing demand for unified solution for all HR functions
    • Increasing workforce diversity
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Data security and privacy
    • Regulatory compliance
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing popularity of advanced workforce analytics
      • Table Key drivers of workforce analytics
      • Table Advantages of workforce analytics
    • Increasing adoption of digital HR technology
  • Five forces model
    • Table Five forces model
  • Vendor landscape
    • Competitive scenario
    • Vendor analysis
    • Vendor competition overview
    • Technology providers
      • Table Deployment models supported by HCM technology providers
      • Table Features provided by HCM technology providers
      • Table Customer base of HCM technology providers
      • Table Comparative petal chart for technology providers
      • Table ADP: Company information
      • Table ADP: Key products and features
      • Table Oracle: Company information
      • Table Oracle: Key products and features
      • Table SAP SuccessFactors: Company information
      • Table SAP SuccessFactors: Key products and features
      • Table Workday: Company information
      • Table Workday: Key products and features
    • Pure players
      • Table Deployment models supported by HCM pure players
      • Table Features provided by HCM pure players
      • Table Customer base of HCM pure players
      • Table Comparative petal chart for pure players
      • Table BambooHR: Company information
      • Table BambooHR: Key products and features
      • Table PeopleFluent: Company information
      • Table PeopleFluent: Key products and features
      • Table Ultimate Software: Company information
      • Table Ultimate Software: Key products and features
      • Table Zoho: Company information
      • Table Zoho: Key products and features
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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