This report identifies key demand-side trends in the cloud human capital management (HCM) suites market, helping enterprises fine-tune their HCM suite adoption strategies. It includes key trends in the HCM suites space based on Avasant’s assessment.
Enterprises are adopting cloud HCM suites to streamline and automate HR processes while centralizing HR management. This allows them to save time on payroll processing, enhance compliance across multiple regions, simplify workforce management, and derive actionable insights from unified platforms. Enterprises in the manufacturing and retail industries are the leading adopters of cloud HCM solutions. Manufacturers focus on use cases such as workforce optimization with shift scheduling, skills tracking, and labor forecasting, while retail companies leverage HCM solutions for time and attendance tracking, performance management, and handling seasonal workforce fluctuations. Organizations are also leveraging generative AI to automate routine inquiries, provide personalized employee support, deliver tailored learning recommendations, and generate insights from workforce data for strategic decision-making.
The Cloud HCM Suites 2024–2025 Market Insights™ aids enterprises in identifying important market trends for any HCM adoption project they take part in.
The industry insights presented in this report are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with platform vendors, subject matter experts, and Avasant Fellows, and lessons learned from consulting engagements.
About the report (Page 3)
Executive summary (Pages 4–8)
Demand-side trends (Pages 9–13)
Key contacts (Page 14)
Read the Research Byte based on this report. Please refer to Avasant’s Cloud HCM Suites 2024–2025 RadarView™ for detailed insights on the platform vendors and supply-side trends.
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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