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The global Human Capital Management (HCM) market size reached USD 18.04 billion in 2020 and is expected to register a revenue CAGR of 7.9% during the forecast period. The administration of human resources inside an organisation is the focus of the human capital management (HCM) market, which is expanding quickly. The growing use of cloud-based solutions and the increasing significance of employee engagement are two of the major factors driving the HCM market. HCM solutions provide organisations with workforce optimisation, effective talent management, and real-time workforce analytics.
