North America Human Capital Management Market To Reach $14.59 Billion By 2030

North America Human Capital Management Market Growth & Trends

The North America human capital management market size is estimated to reach USD 14.59 billion by 2030, registering a CAGR of 6.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing demand for talent acquisition and increasing difficulties in managing widespread workforce are expected to drive the growth of the market for the management of human capital in North America over the forecast period. Moreover, the ever-increasing number of job applicants is making it challenging for HR professionals to hire ideal candidates with the desired skills and knowledge base. As a result, organizations are either outsourcing their hiring processes or adopting dedicated software/services to manage the data of all the applicants efficiently while ensuring the quality of interviews and maintaining a better joining ratio, thereby driving the growth of the hcm market for the management of human capital in North America.

Another driver that is driving the demand for human capital management software in North America is the increasing need among organizations to hire good candidates and retain valuable employees. HCM software can particularly help HR professionals because it includes tools for performance appraisals, competency management, goal alignment, and employee motivation. Increasing adoption of workforce planning & analytics software to improve business agility and deliver improved outcomes is further expected to drive the growth of the market for human capital management in North America over the forecast period.

Advances in technology have led to the development of various mobile applications and social collaboration software that offers both employees and employers the necessary flexibility to access data anytime and from anywhere. At the same time, several companies are also opting for HR analytics for predicting workforce requirement, tracking successors at higher levels, and gauging employees’ performance & satisfaction levels, thereby driving the growth of the market. Various initiatives being pursued by enterprises in North America to digitize the HR processes are also expected to drive the demand for HCM software in the region.

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North America Human Capital Management Market Report Highlights

• The hosted deployment segment is anticipated to witness fastest growth owing to the low implementation and maintenance costs associated with a hosted deployment.

• The large enterprises segment dominated the market in 2024 and is expected to remain the largest segment over the forecast period owing to the growing emphasis of large enterprises on efficiently managing the vast database of their employees.

• The retail segment is anticipated to grow at a fastest CAGR of 8.6% over the forecast period, as retail companies are trying hard to overcome challenges involved in employee retention.

• The U.S. is expected to continue dominating the market over the forecast period owing to the increasing government initiatives and investments in digitizing the HR processes.

North America Human Capital Management Market Segmentation

Grand View Research has segmented the North America human capital management market based on component, organization size, deployment, end-use, and country:

North America Human Capital Management Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Software

  • Core HR

  • Employee Collaboration & Engagement

  • Recruiting

  • Talent Management

  • Workforce Planning & Analytics

  • Others

• Services

  • Integration & Deployment

  • Support & Maintenance

  • Training & Consulting

North America Human Capital Management Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• Small and Medium Enterprises

North America Human Capital Management Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Hosted

• On-premise

North America Human Capital Management End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Academia

• BFSI

• Government

• Healthcare

• IT & Telecom

• Manufacturing

• Retail

• Others

North America Human Capital Management Country Outlook (Revenue, USD Billion, 2018 - 2030)

• U.S.

• Canada

• Mexico

List of Key Players in the North America Human Capital Management Market

• Accenture

• Dayforce

• IBM Corporation

• Mercer LLC

• ADP, Inc.

• PwC

• Cegid

• SAP SE

• Oracle

• Workday, Inc.

• UKG Inc.