Market Reports
published on Jan 12, 2024
Report Overview:
This report provides an update to NelsonHall’s assessment of the Next Generation HCM Technology services market in the light of recent market developments.
Who is this Report for:
NelsonHall’s market update for Next Generation HCM Technology is designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Workforce Management and identifying vendor suitability for Workforce Management RFPs
- Vendor marketing, sales, and business managers looking to develop strategies to target service opportunities and benchmark themselves against their peers
- Financial analysts and investors specializing in the Workforce Management sector.
Scope of this Report:
This Market Update report updates NelsonHall's assessment of the New World Workforce Management market, including:
- A recap of the key points from our last market assessment
- A summary of significant market developments since then
- A brief analysis of future trends.
Key Findings & Highlights:
This document provides an update to NelsonHall’s assessment of the Next Generation Human Capital Management (HCM) market in light of recent market developments.
Human Capital Management service providers are still showing strong financial growth and seeking to increase their global share of the HR services market, while enhancing their offerings through acquisitions and strategic partnerships. We will continue to see increased integrations of GenAI and enhanced predictive analytics in HR technology and HCM solutions as buyers look to increase efficiency, minimize errors caused by manual processing, and reduce business costs.