Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Human Capital Management Market to Hit USD 32.68 Billion till 2027, Registering a CAGR of 9.3%

Published

on

Pune, India, Sept. 07, 2021 (GLOBE NEWSWIRE) — The global human capital management market size is expected to reach USD 32.68 billion by 2027, exhibiting a CAGR of 9.3% during the forecast period. The increasing proclivity of companies towards artificial intelligence (AI) and machine learning embedded RPA to eliminate unnecessary IT costs will foster the growth of the market, states Fortune Business Insights, in a report, titled “Human Capital Management (HCM) Market Size, Share & COVID-19 Impact Analysis, By Offering (Solution and Services), By Deployment (Cloud, and On-Premises), By Enterprise Size (SMEs, and Large Enterprises), By End-use Industry (IT and Telecommunication, BFSI, Government, Retail, Healthcare, Education, Manufacturing, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 16.24 billion in 2019.

The coronavirus incident has caused immense loss to all the industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/human-capital-management-hcm-market-100240

List of key players in Human Capital Management Market:

  • Automatic Data Processing (ADP), Inc. (New Jersey, United States)
  • Ceridian HCM, Inc.  (Minnesota, United States)
  • Cezanne HR Ltd.  (London, United Kingdom)
  • Cornerstone OnDemand, Inc. (California, United States)
  • IBM Corporation (New York, United States)
  • Infor (New York, United States)
  • Kronos, Incorporated (Massachusetts, United States)
  • NetSuite, Inc. (California, United States)
  • Oracle Corporation (California, United States)
  • SAP SE (Walldorf, Germany)
  • Talentsoft (France, Europe)
  • Ultimate Software (Florida, United States)
  • Workday, Inc. (California, United States)

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2020 to 2027
Forecast Period 2020 to 2027 CAGR 9.3%
2027 Value Projection USD 32.68 Billion
Base Year 2019
Market Size in 2019 USD 16.24 Billion
Historical Data for 2016 to 2018
No. of Pages 140
Segments covered Offering, Deployment, Enterprise size, End-use Industry  and Geography
Growth Drivers Rising Focus towards Effective Workforce Management to Incite Development
Globalization and Advancements to Boost Market in North America
Pitfalls & Challenges Economic Instability to Retard Market Growth During COVID-19

The report on human capital management (HCM) market incorporates:

  • Comprehensive analysis of all the segments
  • Emerging trends in the industry
  • Foremost market drivers
  • Present and future insights
  • Dominant regions

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/human-capital-management-hcm-market-100240

Market Driver:

Rising Focus towards Effective Workforce Management to Incite Development

The growing cognizance about HCM among originations owing to its effectiveness and efficiency in managing a large workforce and customer base can accelerate market sales during the forecast period. The increasing adoption of intelligent workforce solutions especially in the time of pandemic will enable speedy expansion of the market. for instance, in May 2020, Infor, a multi-national enterprise software company, headquartered in New York City, United States announced the launch of the workforce management (WFM) solution integrated with intelligent scheduling in China. The robust tool will help the organizations to provide efficient staff scheduling and workforce utilization.

Economic Instability to Retard Market Growth During COVID-19

The unprecedented spike in global unemployment has limited the scope of the market amid coronavirus. For instance, ADP, Inc. states that the United States private sector has expelled 20 million jobs in April 2020. Likewise, the United States Congressional Budget Office estimates that 15% of people are more likely to be unemployed by the third quarter of 2020. The financial loss caused by coronavirus has steered to the downsizing of many organizations, therefore restricting the growth of the market for human capital management. However, new policies and regulations to contain the situation and improve employment rates will consequently create opportunities for the market.

Regional Analysis:

Globalization and Advancements to Boost Market in North America

The market for human capital management in North America stood at USD 7.86 billion in 2019 and is expected to rise tremendously during the forecast period. The growth in the region is attributed to ongoing technological advancement. The increasing globalization and improved work culture will influence healthy growth in North America. The growing adoption of industry 4.0, data analytics, and cloud computing by organizations is expected to drive the market in Asia Pacific. Europe is expected to witness a substantial growth rate owing to the increasing employment. The advent of startups and businesses are expected to spur opportunities for the market in Europe during the forecast period.

Key Development:

April 2020 – Cezanne HR Ltd unveiled an integrated payroll module for Cezanne’s HR suite. The payroll module is specifically designed for UK organizations including Wales and Scotland to provide online payroll and pension management solutions

Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
    • Global Human Capital Management (HCM) Market Share Analysis and Matrix, 2019
  • Key Human Capital Management (HCM) Market Insights and Analysis, By Segments
  • Global Human Capital Management (HCM) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
    • By Offering (Value)
      • Solutions
        • Core HR
        • Talent Management
        • Workforce Management
        • Payroll & Compensation 
        • Others
      • Services
    • By Deployment (Value)
      • Cloud
      • On-premise
    • By Enterprise Size (Value)
      • SME’s
      • Large Enterprises
    • By End-use Industry (Value)
      • IT and Telecommunication
      • BFSI
      • Government
      • Retail
      • Healthcare
      • Education
      • Manufacturing
      • Others
    • By Region (Value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America
  • North America Human Capital Management (HCM) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
    • By Offering (Value)
      • Solutions
        • Core HR
        • Talent Management
        • Workforce Management
        • Payroll & Compensation 
        • Others
      • Services

TOC Continued…!

Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/human-capital-management-hcm-market-100240

Have a Look at Related Research Insights:

Smart Education and Learning Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Learning Mode (Collaborative Learning, Virtual Instructor Led Learning, Simulation-Based Learning, Social Learning, Blended Learning), By End User (Corporate, Academic, Government), and Regional Forecast, 2020-2027

Cloud Managed Networking Market Size, Share & COVID-19 Impact Analysis, By Type (Hardware, Software and Cloud Services), By Deployment (Public Cloud and Private Cloud), By Enterprise Size (Small and Medium Enterprises (SMEs) and Large Enterprises), By Industry (Telecom & IT, Retail, Media & Entertainment, Educational Institutions, and Others and Regional Forecast, 2020-2027

Virtual Reality in Gaming Market Size, Share & Covid-19 Impact Analysis, By Component (Hardware, Software and Content), By Device (Mobile, Console/PC and Standalone), and Regional Forecast, 2020-2027

Internet of Things (IoT) Market Size, Share & COVID-19 Impact Analysis, By Component (Platform, Solution & Services), By End Use Industry (BFSI, Retail, Government, Healthcare, Manufacturing, Agriculture, Sustainable Energy, Transportation, IT & Telecom, Others), and Regional Forecast, 2021-2028

Artificial Intelligence (AI) Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

Read Press Release: https://www.fortunebusinessinsights.com/press-release/human-capital-management-hcm-market-9285

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

SQream’s No-Code Platform Panoply Earns 21 G2 Badges in Key Customer Satisfaction Categories for Spring 2024 Report

Published

on

sqream’s-no-code-platform-panoply-earns-21-g2-badges-in-key-customer-satisfaction-categories-for-spring-2024-report

These badges demonstrate Panoply’s Continuously Unparalleled Excellence in data warehousing and data extraction based on compiled user reviews
NEW YORK, April 16, 2024 /PRNewswire/ — SQream, the GPU accelerated data processing and analytics company, announced today the remarkable achievement that its no-code ELT and analytics platform Panoply, has received 21 prestigious G2 badges for Spring 2024. These accolades highlight Panoply’s continued commitment to excellence and innovation in the data warehouse and ELT (Extract, Load, Transform) space, and underscores Panoply’s dedication to their customers, particularly in the realm of ease of use, and marks the highest number of badges awarded to the company in one report to date.

G2, a prominent authority in business software and service evaluations, leverages the collective knowledge of its user community to aid individuals in making well-informed choices regarding software and services for their enterprises. The G2 Spring 2024 Report rankings underscore Panoply’s significance to small- and medium-sized businesses grappling with data extraction challenges and highlight the exceptional simplicity of Panoply’s no-code approach.
“We are truly honored to receive 21 G2 badges, which reflect Panoply’s year-on-year growth in customer satisfaction. Simplifying data management in the no-code ELT space is at the core of our commitment to our customer base, and we are thrilled to see that Panoply’s exceptional solutions driving data transformation consistently receive this trusted stamp of approval,” said Ami Gal, CEO and Co-Founder of SQream. “We look forward to advancing our strategy of delivering robust data management solutions across all business types—from SMBs leveraging Panoply for streamlined cloud-based warehousing to enterprises implementing GPU-accelerated analytics with SQream, both in the cloud and on-prem. Our commitment remains to empower every organization to maximize their data potential and drive business success.”
Panoply has consistently set the industry standard for delivering user-friendly solutions that empower organizations to harness the full potential of their data. In the Spring 2024 G2 reports, Panoply earned badges in a wide array of categories, both for their data warehouse capabilities and ETL tools, showcasing its exceptional performance and dedication to simplifying complex data processes, including:
Data Warehouse Category: 
Best Estimated ROIBest Estimated ROI – Mid-MarketBest Support – Small BusinessEasiest AdminEasiest Admin – Mid-MarketEasiest Admin – Small BusinessEasiest Setup – Mid-MarketEasiest to Do Business With – Small BusinessEasiest to UseEasiest to Use – Small BusinessFastest Implementation – Small BusinessHigh PerformerHigh Performer – Asia PacificHigh Performer – EMEAHigh Performer – Mid-MarketHigh Performer – Small BusinessETL Tools Category: 
Easiest AdminEasiest SetupHigh PerformerHigh Performer – Mid-MarketHigh Performer – Small BusinessPanoply’s no-code approach to data management provides greater visibility into business performance by aggregating data from multiple data sources to deliver deeper insights. With Panoply, organizations can automatically store raw data in analysis-ready tables, create core business logic to keep metrics consistent, and explore and visualize their data within the platform’s workbench. Deploying a consolidated storage solution like Panoply also centralizes access to data assets to provide a single source of truth.
If you want to learn more about how Panoply can help you gain fast data insights, visit https://panoply.io and schedule a demo.
About Panoply by SQream
Panoply’s managed data warehouse plus ELT and dashboards make it easy for users to sync, store, access, and visualize their data without complex code. Panoply is a product line of SQream, specializing in data processing and analytics acceleration, revolutionizing the way organizations approach big data analytics and AI/ML workloads with its unique GPU-patented SQL engine. SQream’s solutions are designed to meet the needs of enterprises grappling with massive or complex datasets, offering unparalleled performance, scalability, and cost-efficiency. Tailored for industries ranging from finance to telecommunications, SQream empowers businesses to unlock actionable insights from their data with unprecedented speed and efficiency.
SQream is trusted by leading enterprises including LG Electronics, Samsung Display, Sinch, Orange, AIS, and more. To learn more, visit sqream.com or follow us on Twitter @sqreamtech.
Media Contact:Raz KaplanSenior Marketing Manager at SQream+972 [email protected]
Logo – https://mma.prnewswire.com/media/2068670/4641094/SQream_Logo.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/sqreams-no-code-platform-panoply-earns-21-g2-badges-in-key-customer-satisfaction-categories-for-spring-2024-report-302117847.html

Continue Reading

Artificial Intelligence

TeachAI Announces Foundational Policy Ideas for AI in Education, a New Resource for Education Leaders and Policymakers

Published

on

teachai-announces-foundational-policy-ideas-for-ai-in-education,-a-new-resource-for-education-leaders-and-policymakers

SEATTLE, April 16, 2024 /PRNewswire/ — Today, TeachAI, an initiative led by Code.org, ETS, the International Society of Technology in Education, Khan Academy, and the World Economic Forum, announced the launch of a groundbreaking resource for education leaders and policymakers around the world – Foundational Policy Ideas for AI in Education. The development of this resource was led by AASA, CCSSO, Code.org, CoSN, COSSBA, Education Commission of the States, ExcelinEd, ETS, InnovateEDU, NASBE, NSBA, NEA, SEAMEO, and SETDA. It is designed to help education leaders and policymakers navigate the evolving landscape of artificial intelligence (AI) in education.

The resource, which has been informed by over 70 organizations representing industry, government, non-profits, and educator associations, offers policy ideas, informational briefs, talking points, and a customizable presentation. These materials propose five key policy ideas essential for the safe, effective, and responsible use of AI in education.
Foster Leadership: Establish an AI in Education Task Force to oversee policy development and implementation.Promote AI Literacy: Integrate AI concepts and skills into existing curriculum and instruction.Provide Guidance: Equip schools with guidance on the safe and responsible use of AI.Build Capacity: Provide funding and programs to support professional development on AI.Support Innovation: Promote the research and development of safe and effective AI in education practices, curricula, and tools.”These tools serve as practical resources, aiding leaders in understanding AI’s implications for education,” says Michele Blatt, State Superintendent of Schools, West Virginia. “It is critical that we ensure appropriate supports and guardrails are in place for our teachers and students to effectively use generative artificial intelligence. We must remember that AI is an additional technology tool that can increase productivity and support innovation while recognizing the importance of the teacher in the process.”
As AI becomes increasingly embedded in society and the workforce, education systems across the globe recognize the opportunity and the challenge posed by these advancements. From enhancing student engagement and addressing learning loss to transforming and redefining the essential skills of the workforce, AI offers possibilities for improving educational and career outcomes. This potential hinges on the responsible and ethical use of AI, taught through a framework that addresses critical concerns such as bias, misinformation, and the preparation of students for a world transformed by AI.
Nicolás Cataldo Astorga, Minister of Education, Chile, notes: “As educational systems, we must act swiftly to address a world where artificial intelligence is rapidly emerging. For public policy, this entails collaborating with communities, particularly educators, to creatively, critically, and safely harness these tools for learning, equity, and inclusion.”
“Artificial Intelligence will soon augment nearly every sector of our workforce, and our education system must prepare our students for that future,” says Chris Reykdal, Washington State Superintendent of Public Instruction. “Our mission is to embrace AI in our classrooms to enhance student learning; centering student inquiry, student reflection, and critical thinking.”
TeachAI invites education leaders and policymakers to explore these foundational policy ideas as a step towards embracing the transformative potential of AI in education while also addressing its challenges with foresight and responsibility.
Catherine Truitt, State Superintendent of Public Instruction, North Carolina, says: “By equipping educators and students with the knowledge and skills of AI, we are ensuring they are better prepared for their future. This valuable resource can help create policies and practices to responsibly incorporate AI into education.”
Visit www.teachai.org/policy to see the Foundational Policy Ideas for AI in Education.
About TeachAI
TeachAI brings together education leaders and technology experts to assist governments and education authorities in teaching with and about AI. The initiative is led by Code.org, ETS, the International Society for Technology in Education, Khan Academy, and the World Economic Forum and advised by a diverse group of 100+ organizations, governments, and individuals. TeachAI’s goals include guiding policy, building community and capacity, and increasing awareness. To learn more about TeachAI, please visit www.teachai.org/about.
 

View original content:https://www.prnewswire.co.uk/news-releases/teachai-announces-foundational-policy-ideas-for-ai-in-education-a-new-resource-for-education-leaders-and-policymakers-302117699.html

Continue Reading

Artificial Intelligence

SeeTrue’s AI Automated Threat Detection Solution Expands to Pafos Airport After Successful Implementation at Larnaka Airport

Published

on

seetrue’s-ai-automated-threat-detection-solution-expands-to-pafos-airport-after-successful-implementation-at-larnaka-airport

Hermes Airports Boosts Security and Operational Efficiency with SeeTrue’s Solution
FRANKFURT, Germany, April 16, 2024 /PRNewswire/ — SeeTrue, the leading provider of AI Automated Threat Detection software solutions, announces today that it will now be implemented at Pafos Airport after a successful implementation at Larnaka Airport by Hermes Airports Group. This expansion marks a significant step in enhancing security measures at Pafos Airport and providing a smoother passenger journey with a fast and secure screening process.

Hermes, the operator of both Larnaka and Pafos International Airports, which set a record by serving 11.6 million passengers in 2023, aims to enhance the security screening process and overall passenger experience at each location. To this end, SeeTrue’s solution has been installed across all passenger terminal checkpoints at the airports.
This pioneering move has significantly enhanced the airport’s ability to expedite passenger flow through checkpoints, offering a superior experience characterized by smoother operations and consistent security standards. The implementation of SeeTrue AI technology has resulted in higher passenger throughput and streamlined the security screening process, leading to improved operational efficiency.
The SeeTrue AI solution is running an open architecture platform, making it compatible with multiple scanners across various models and OEMs. This adaptability is crucial for airports, such as Larnaka, which utilize security scanners from multiple vendors.
“We are excited about our partnership with Hermes Airports,” stated Assaf Frenkel, CEO and Co-Founder of SeeTrue. “This expansion is a testament to the effectiveness and reliability of our technology in enhancing airport security measures. We are committed to delivering top-tier solutions to ensure the safety and security of travelers and airport personnel.”
“Hermes Airports has an ongoing commitment to enhancing security and the passenger experience,” said Miltos Miltiadous, Chief Operating Officer at Hermes Airports. “With the SeeTrue AI technology, we have observed higher passenger throughputs and streamlined the security screening process.”
SeeTrue will be exhibiting at the Passenger Terminal Expo in Frankfurt on 16-18 April at Hall 5 Booth A170 to showcase its solutions.
About SeeTrue:
SeeTrue is a global leader in Security Screening Solutions, leveraging its state-of-the-art AI technology for secure, fast, and efficient threat detection. SeeTrue’s AI-based automatic threat detection software is implemented worldwide on top of X-ray and CT systems at airports, seaports, urban security checkpoints, customs, and shipment facilities, making security and travel as fast and secure as possible while improving operational efficiency.
SeeTrue operates in Tel Aviv, London, New York and Amsterdam. For more information, visit the company’s website at www.seetrue.ai
About Hermes Airports:
Hermes Airports Ltd. manages and operates Larnaka and Pafos International Airports, under a 25-year BOT (Build-Operate-Transfer) concession agreement with the Republic of Cyprus. The airports offer world-class, state of the art facilities, with an emphasis on excellent customer service. Hermes is committed to improving Cyprus’ connectivity and enhancing the overall passenger experience.
Contact Details:
Sharon SalzmanDirector of Marketing, [email protected]
Video – https://www.youtube.com/watch?v=nKE947hmJcg

View original content:https://www.prnewswire.co.uk/news-releases/seetrues-ai-automated-threat-detection-solution-expands-to-pafos-airport-after-successful-implementation-at-larnaka-airport-302118102.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending