Canada Human Capital Management (HCM) Market is expected to grow with a CAGR of 11.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Canada human capital management (HCM) market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Canada human capital management (HCM) market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In February 2021, ADP, Inc. announced the launch of new app named Roll. It was a payroll app designed to give small businesses more flexibility in running payroll while remaining secure and compliant. The company was able to eliminated time consuming payroll task by implementing conversational app to guide business owners through complete process. With the new product, the customers were able to have an experience as equal to chatting with a friend throughout its payroll process. This enhanced the company’s portfolio in the market.
ADP, Inc. is the dominating player in Canada human capital management (HCM) market. The other key players existing in the market are IBM Corporation, SAP SE, Infor, UKG, Inc., Sumtotal Systems, LLC, Workday, Inc., Ramco Systems, Cegid, WorkForce Software, LLC, Epicor Software Corporation, Cezanne HR Limited, Cornerstone, Ceridian HCM, Inc., Oracle, Microsoft, Sage Group PLC, PeopleFluent, Hi Bob, Inc., Personio Gmbh, Sympa, Deltek, Inc., CIPHR Limited, Advanced, Accenture, Natural HR Limited and others.
ADP, Inc.
ADP, Inc. established in the year 1949, headquarter in New Jersey, U.S. The company provides cloud based human capital management solutions to employers, offering solutions to businesses of all sizes. The company operates its business via several business segments including Employer Services, Professional Employer Organization (PEO) in which both the segments are the market focused segment. The company has several product categories which are Payroll, Time & Attendance, HR, HR Outsourcing and PEO, Talent, Tax and Compliance in which all are the market focused category.
For instance,
- In June 2021, ADP, Inc. announced the partnership with OMNIA Partners. The partnership was awarded a three year contract to provide HR, talent, benefits, payroll and compliance solutions to over 140,000 public sector organizations in the U.S. Accordingly all these organizations had access to ADP’s breadth of solutions to help them build a better workforce. With this the company was able to spread the reach of it human capital management systems and business solutions throughout the U.S. This enhanced the company’s presence in the market.
The company has presence across Asia-Pacific, Europe, Middle East and Africa, South America and North America. The company also has various subsidiaries including ADP AdvancedMD, Inc. (U.S.), ADP Belgium CVA (Belgium), ADP Canada Co (Canada), ADP France SAS (France), and ADP Dealer Services Espana SL (Spain) among others.
Oracle
Oracle, founded in the year 1977, headquartered is in Texas, U.S. The company offers complete suites of integrated applications plus secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. The company operates its business via several business segments including Cloud and License, Hardware and Services in which Cloud and License segment is the market focused segment. The company has several product & service categories including Infrastructure, Applications in which Applications is the market focused category.
For instance,
- In May 2021, Oracle announced the launch of Oracle Analytics for Cloud HCM. With this offering the employers were able to perform analytics on their employees and their finances. The company was able to provide HR executives, analysts, and line-of-business leaders with insight into workforce composition, manager performance, span of control, diversity, turnover/retention, comparison ratio analysis and top talent analysis. This reinforced the company’s offerings in the human capital management market.
The company has wide presence in Europe, Asia-Pacific, America, Middle East and Africa. The company also has various subsidiaries including Oracle International Corporation (U.S.), Oracle America, Inc. (U.S.), Oracle Global Holdings, Inc. (U.S.), Oracle Systems Corporation (U.S.), OCAPAC Holding Company UC (Ireland) among others.
SAP SE
SAP SE, founded in the year 1972, headquartered is in Walldorf, Germany. The company focuses on providing enterprise application software, enterprise resource planning, supply chain management, data integration and quality, and master data management in multiple verticals. The company operates its business via several business segments including Applications, Technology & Support, Concur, Qualtrics, and Services in which Applications, Technology & Support segment is the market focused segment. The company has several product & service categories including ERP and Finance, CRM and Customer Experience, Network and Speed Management, Supply Chain Management, Human Capital Management, Business Technology Platform in which Human Capital Management is the market focused category.
For instance,
- In July 2021, SAP SE announced the extension to its Human experience management (HXM) solutions. This new extension allowed the customers to introduce new workflows in a matter of days or weeks. No coding was required to build these extensions and were used to create a fully integrated experience for employees. It enabled the organisations to create workflows hat comply with existing authorization, data privacy, and permissions rules. They also took advantage of mobile UI capabilities and open APIs to integrate with analytics and third-party applications. This enhanced the company’s offerings in the human capital management solutions in the market.
The company has wide presence North America, South America, Europe, Asia-pacific, Middle East & Africa. The company also has various subsidiaries including Ariba Technologies India Private Limited (India), Ariba, Inc. (U.S.), Concur Technologies, Inc. (U.S.), SAP Australia Pty Ltd (Australia), and SAP Brasil Ltda (Brazil) among others.
