Today, the role of human capital management in organizations and companies is undeniable, and the whole set of measures ranging from recruitment to management and optimization of human resources that are taken in this regard will ultimately lead to productivity increase. In recent years, with software development, especially considering cloud-based software, the use HCM methods has been facilitated compared to the past; therefore, (HCM) market has been transformed by software, and emerging disruptive technologies.
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Market / Industry segment of human capital management
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2016 | 13.004 | 7 | 7.80% | Allied market research |
| 2019 | 16.24 | 8 | 9.30% | Fortune business insights |
| 2020 | 17.6 | 5 | 6.70% | Market&market |
| 2020 | 17.67 | 7 | 7.96% | Data bridge market research |
| 2020 | 23.35 | 3 | 8.07% | Marketwatch |
Influencing factors that changes market size of human capital management
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of the human capital management market
Direct drivers:
- Artificial intelligence and machine learning in HCM
- Increasing need to reduce the costs of human resources
- Prevalence of data-based solutions
Reverse drivers:
- Unemployment
- Human capital management costs
Your startup has crossed Death Valley, and it has had at least 2 funding rounds? Discounted Cash Flows (DCF)
Your startup has had at least one funding round, you are advised to use Multiples method for valuation.
Your startup is at pre-seed and seed funding rounds, you are advised to use the Score Cards Method, Risk Factors Summation method to value your startup.
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of the human capital management market may also be threatened by following risks:
- Technology risk
- Management risk
- Reputation risk
