APAC Human Capital Management Software Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific HCM Market Report is Segmented by Application (Compensation Management, Core HR (Payroll Management), E-Learning and E-Recruiting, Performance Management, Workforce Management, Enterprise Governance, Risk and Compliance (eGRC)), Deployment (Cloud-Based, On-Premise), End-User Industry (BFSI, IT and Telecommunication, Retail, Manufacturing, Healthcare, Government, and Other End-User Industries), and Country (China, Japan, India, South Korea, Singapore, Vietnam, Australia and New Zealand, Philippines, Malaysia). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

APAC Human Capital Management Software Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Human Capital Management Software Market Size

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Asia-Pacific Human Capital Management Software Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 8.50 Billion
Market Size (2030) USD 13.74 Billion
CAGR (2025 - 2030) 10.08 %
Market Concentration Low

Major Players

Asia-Pacific Human Capital Management Software Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Human Capital Management Software Market Analysis

The Asia-Pacific Human Capital Management Software Market size is estimated at USD 8.50 billion in 2025, and is expected to reach USD 13.74 billion by 2030, at a CAGR of 10.08% during the forecast period (2025-2030).

Asia-Pacific is experiencing a significant surge in the demand for human capital management software. This growth is mainly attributed to several factors, including the region's expanding economy, evolving workforce dynamics, increasing digitalization, and the growing awareness of the importance of effective HR management practices.

•Some APAC countries, such as China, India, Japan, and Southeast Asia, are among the fastest-growing economies. Rapid economic growth has led to an expansion of businesses across various industries, resulting in a growing demand for efficient HR management solutions.

•As organizations scale up their operations and expand into new markets, the workforce increases, making it difficult for companies to manage their employees. Hence, regional companies require HCM software to streamline their HR processes, manage growing workforces, and ensure compliance with labor regulations.

•Furthermore, with the growing economy, many countries in the APAC region are witnessing a rise in their employment rate. For instance, according to the Ministry of Internal Affairs and Communication in Japan, the employment rate in Japan reached approximately 61.2% in 2023, which was 60.9% in 2022. With the growing employment rate, the country is witnessing a growing number of employees.

•In 2023, the total labor force in Japan was around 69.3 million people, which increased from 69 million in the previous year. As the number of laborers increases, companies are adopting HCM software to manage their employees. This software offers advanced features for talent management, including recruitment, skills assessment, succession planning, and career development. By leveraging HCM software, organizations can effectively identify, attract, and retain top talent while fostering a culture of inclusivity and diversity.

•The increasing integration of digital technologies into significant infrastructure, such as human capital management, has provocatively intensified the potential development in the demand for mobile HCM applications. Companies are increasingly investing in a comprehensive human resource analytics management strategy. This allows the organization to streamline its HR processes and helps leverage the technology in employee engagement and retention. This mobile application facilitates managing analytics anytime and anywhere.

•Talent mobility is becoming increasingly complex, driving the market's growth. Planning talent mobility, both internal and external, involves many costs. Thus, efficient mobility talent management tools are needed to manage workforce resizing, reshaping, and reskilling. Human capital management software allows the management of an international talent pool for worldwide MNCs.

•The growth of the hybrid or remote workforce has created new challenges for cybersecurity teams. There is a shift toward reliance on digital communication and collaboration tools. This has exposed organizations to new security risks since cyber attacks exploit vulnerabilities in remote access systems and unsecured access points within the home. Investment by organizations in cheap HCM software relegates the firm's reputation in the long term.

Asia-Pacific Human Capital Management Software Industry Overview

The Asia-Pacific human capital management software market is fragmented, with some of the major players in the market, such as Cornerstone Ondemand Inc., Infor, Employwise Inc., SumTotal Systems LLC, and International Business Machines Corporation, adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

•In March 2024, Workday Inc., a global provider of solutions to help businesses manage their people and money, announced that the Australia-based retail food chain Hungry Jack’s Pty Ltd selected Workday Human Capital Management (HCM) to help transform how it attracts and supports employees and franchisees across Australia. With Workday, Hungry Jack’s improves recruitment and onboarding, transforms the employee experience, better equips the people & culture team, reduces manual processes, and supports employee growth and development.

•In November 2023, SAP SuccessFactors, a human resource software company of SAP that provides cloud-based HCM software applications, announced that it is seeking to improve its presence in the AI-driven human resource management software market in South Korea due to the rapid adoption of AI technology across the HR sector.

Asia-Pacific Human Capital Management Software Market Leaders

  1. Workday Inc.

  2. SAP SE

  3. Oracle Corporation

  4. ADP Inc.

  5. UKG Inc.

  6. *Disclaimer: Major Players sorted in no particular order
APAC Human Capital Management Software Market Concentration
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Asia-Pacific Human Capital Management Software Market News

  • February 2024: Ramco Systems, a Chennai-based global payroll technology provider, launched Ramco Payce, a platform-based payroll software designed to help businesses manage payroll. Ramco Payce capitalizes on advanced technologies such as artificial intelligence, machine learning, serverless in-memory, and data analytics to help enterprises process payroll faster, effortlessly, and accurately while being easy to use.
  • January 2024: MiHCM announced that it had launched an AI-powered AI HR co-pilot, a new tool in the cloud-based MiHCM HR suite of solutions that provides real-time AI. Such new launches are continuously growing in the country, driving the cloud-based HCM market in the APAC region.

APAC Human Capital Management Software Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 PESTLE Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Demand for Mobile HCM Applications
    • 5.1.2 Increase in Demand for Talent Mobility
  • 5.2 Market Restraints
    • 5.2.1 Privacy and Security Concerns

6. MARKET SEGMENTATION

  • 6.1 By Application
    • 6.1.1 Compensation Management
    • 6.1.2 Core HR
    • 6.1.2.1 Payroll Management
    • 6.1.3 E-learning and E-recruiting
    • 6.1.4 Performance Management
    • 6.1.5 Workforce Management
    • 6.1.6 Enterprise Governance, Risk and Compliance (eGRC^)
  • 6.2 By Deployment
    • 6.2.1 Cloud-based
    • 6.2.2 On-premise
  • 6.3 By End-user Industry
    • 6.3.1 BFSI
    • 6.3.2 IT and Telecom
    • 6.3.3 Retail
    • 6.3.4 Manufacturing
    • 6.3.5 Healthcare
    • 6.3.6 Government
    • 6.3.7 Other End-user Industries
  • 6.4 By Country***
    • 6.4.1 China
    • 6.4.2 Japan
    • 6.4.3 India
    • 6.4.4 South Korea
    • 6.4.5 Singapore
    • 6.4.6 Vietnam
    • 6.4.7 Australia and New Zealand
    • 6.4.8 Philippines
    • 6.4.9 Malaysia

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 Workday Inc.
    • 7.1.2 SAP SE
    • 7.1.3 Oracle Corporation
    • 7.1.4 ADP Inc.
    • 7.1.5 UKG Inc.
    • 7.1.6 Cornerstone OnDemand
    • 7.1.7 PeopleStrong
    • 7.1.8 Infor
    • 7.1.9 Darwinbox
    • 7.1.10 Dayforce
    • 7.1.11 Ramco Systems

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
^eGRC is not part of our current scope definition of HCM. ***The final report will also include 'Rest of Asia Pacific' in the By Country segment.
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Asia-Pacific Human Capital Management Software Industry Segmentation

Human capital management (HCM) software, an enterprise application solution, has been needed across all enterprises as it automates the cumbersome clerical tasks related to employee data, payroll, and benefits administration. The APAC human capital management (HCM) market is defined based on the revenues generated through the sale of licensing and subscription of human capital management software offered by various market players to various end-user industries in the APAC region. Market analysis for Enterprise Governance, Risk, and Compliance (eGRC) solutions is included in the scope of the study as an individual segment. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the market in terms of drivers and restraints.

The Asia-Pacific HCM market is segmented by application (compensation management, core HR (payroll management), e-learning and e-recruiting, performance management, workforce management, enterprise governance, risk and compliance (eGRC)), deployment (cloud-based, on-premise), end-user industry (BFSI, IT and telecommunication, retail, manufacturing, healthcare, government, and other end-user industries), and country (China, Japan, India, South Korea, Singapore, Vietnam, Australia and New Zealand, Philippines, Malaysia). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Application Compensation Management
Core HR Payroll Management
E-learning and E-recruiting
Performance Management
Workforce Management
Enterprise Governance, Risk and Compliance (eGRC^)
By Deployment Cloud-based
On-premise
By End-user Industry BFSI
IT and Telecom
Retail
Manufacturing
Healthcare
Government
Other End-user Industries
By Country*** China
Japan
India
South Korea
Singapore
Vietnam
Australia and New Zealand
Philippines
Malaysia
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APAC Human Capital Management Software Market Research FAQs

How big is the Asia-Pacific Human Capital Management Software Market?

The Asia-Pacific Human Capital Management Software Market size is expected to reach USD 8.50 billion in 2025 and grow at a CAGR of 10.08% to reach USD 13.74 billion by 2030.

What is the current Asia-Pacific Human Capital Management Software Market size?

In 2025, the Asia-Pacific Human Capital Management Software Market size is expected to reach USD 8.50 billion.

Who are the key players in Asia-Pacific Human Capital Management Software Market?

Workday Inc., SAP SE, Oracle Corporation, ADP Inc. and UKG Inc. are the major companies operating in the Asia-Pacific Human Capital Management Software Market.

What years does this Asia-Pacific Human Capital Management Software Market cover, and what was the market size in 2024?

In 2024, the Asia-Pacific Human Capital Management Software Market size was estimated at USD 7.64 billion. The report covers the Asia-Pacific Human Capital Management Software Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Human Capital Management Software Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Human Capital Management Software Industry Report

Statistics for the 2025 Asia-Pacific Human Capital Management Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Human Capital Management Software analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.