Product Code: ETC4411767 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Human Capital Management (HCM) market in Malaysia is thriving as organizations prioritize talent management and workforce optimization. HCM solutions are integral to HR operations, helping companies streamline processes, improve employee engagement, and ensure compliance with labor regulations. The market is characterized by a growing demand for cloud-based HCM systems, offering scalability and flexibility to meet evolving HR needs. With the Malaysia workforce becoming increasingly diverse and dynamic, HCM solutions are key in supporting HR professionals and management in aligning their human resources with business goals.
The HCM market in Malaysia is driven by the growing focus on talent management and HR optimization. Organizations seek comprehensive solutions to manage their workforce, improve productivity, and ensure compliance with labor regulations.
The HCM market in Malaysia is undergoing significant transformation with the advent of advanced technology and the demand for more streamlined HR processes. Nevertheless, there are several challenges that organizations face. One of the primary concerns is data security and privacy compliance, especially with the implementation of new digital systems. Ensuring that sensitive employee information is safeguarded requires robust cybersecurity measures and strict adherence to data protection regulations. Additionally, the adoption of HCM solutions often requires a cultural shift within organizations. Resistance to change and a lack of digital literacy among employees can hinder the effective utilization of these systems. Overcoming these barriers demands comprehensive change management strategies and continuous training efforts.
The Human Capital Management (HCM) market in Malaysia experienced notable shifts during the COVID-19 pandemic. As remote work became the norm, businesses prioritized solutions that facilitated effective workforce management, remote collaboration, and employee engagement. This accelerated the adoption of HCM technologies that catered to the evolving needs of the workforce. Post-pandemic, the market is anticipated to continue its growth trajectory as businesses prioritize flexible work arrangements.
The Human Capital Management (HCM) Market in Malaysia is crucial for businesses to manage their workforce effectively. Major players in this market include SAP, Oracle, and Workday. These companies offer comprehensive HCM solutions that encompass various HR functions, from recruitment and talent management to payroll and employee engagement.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia HCM Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia HCM Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia HCM Market - Industry Life Cycle |
3.4 Malaysia HCM Market - Porter's Five Forces |
3.5 Malaysia HCM Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Malaysia HCM Market Revenues & Volume Share, By Deployment Type , 2021 & 2031F |
3.7 Malaysia HCM Market Revenues & Volume Share, By Organization Size , 2021 & 2031F |
4 Malaysia HCM Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia HCM Market Trends |
6 Malaysia HCM Market, By Types |
6.1 Malaysia HCM Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Malaysia HCM Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Malaysia HCM Market Revenues & Volume, By Solution , 2021-2031F |
6.1.4 Malaysia HCM Market Revenues & Volume, By Services, 2021-2031F |
6.2 Malaysia HCM Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Malaysia HCM Market Revenues & Volume, By Cloud, 2021-2031F |
6.2.3 Malaysia HCM Market Revenues & Volume, By On-Premises, 2021-2031F |
6.3 Malaysia HCM Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 Malaysia HCM Market Revenues & Volume, By SMEs, 2021-2031F |
6.3.3 Malaysia HCM Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 Malaysia HCM Market Import-Export Trade Statistics |
7.1 Malaysia HCM Market Export to Major Countries |
7.2 Malaysia HCM Market Imports from Major Countries |
8 Malaysia HCM Market Key Performance Indicators |
9 Malaysia HCM Market - Opportunity Assessment |
9.1 Malaysia HCM Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Malaysia HCM Market Opportunity Assessment, By Deployment Type , 2021 & 2031F |
9.3 Malaysia HCM Market Opportunity Assessment, By Organization Size , 2021 & 2031F |
10 Malaysia HCM Market - Competitive Landscape |
10.1 Malaysia HCM Market Revenue Share, By Companies, 2024 |
10.2 Malaysia HCM Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |