MiHCM Asia Strengths, Domain Expertise, and Key Differentiators
MiHCM's strengths lie in its extensive domain expertise, robust product portfolio, and advanced AI/ML features. MiHCM Cloud, the culmination of 15 years of experience, boasts a user-friendly interface, natural language questioning capabilities, and a focus on digital transformation in talent management practices. The platform offers features such as mobile workforce engagement, real-time decision-making, seamless system integrations, and compliance with legislative requirements.
In July 2021, MiHCM unveiled an upgraded MiHCM Lite, designed to simplify digital HR for small businesses in the hybrid workforce era. The platform streamlines HR processes, from employee record management to payroll, catering to both onsite and remote workforces on the secure Microsoft Azure Cloud
MiHCM Asia Recent Developments
In April 2023, MiHCM incorporated GPT AI support into its premier virtual assistant application, "MiA." This integration represents a significant advancement, fortifying MiA's position as a state-of-the-art virtual assistant. The inclusion of GPT AI empowers businesses to strategically optimize their workforce, elevate employee engagement and productivity, and facilitate data-driven decision-making seamlessly within the Microsoft Teams platform
In recent times, MiHCM has taken significant strides in enhancing its digital HR platform, introducing novel experiences like MiA Workplace Virtual Assistant for Microsoft Teams and MiHCM Mobile. Amid the challenges posed by the COVID-19 pandemic, these innovations aim to foster business continuity, employee safety, and overall organizational resilience. MiHCM Cloud, a key player in the HR Software space, has witnessed substantial growth, reflected in its global reach spanning South East Asia, North America, Europe, and Oceania.
MiHCM Asia Mergers and acquisitions (M&A) Activities
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MiHCM Asia Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying MiHCM Asia applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of MiHCM Asia and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MiHCM Enterprise, MiHCM Lite, MiHCM Analytics, MiHCM MiA customers.
MiHCM Asia Overview
Ownership: - x
Number of Employees: 103
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Sourcing, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
MiHCM Asia Key Cloud and HCM Applications
MiHCM Enterprise, MiHCM Lite, MiHCM Analytics, MiHCM MiA
MiHCM Asia HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
MiHCM Asia Revenue Breakdown by Type:
MiHCM Asia HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
MiHCM Asia HCM Applications Revenues By Verticals, $M:
MiHCM Asia Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
MiHCM Asia Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
MiHCM Asia Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified MiHCM Asia Customers
No. of MiHCM Asia Customers: 600+
No. of MiHCM Asia HCM Applications Customers: 600+
No. of MiHCM Asia Cloud HCM Customers: 400+
No. of MiHCM Asia Cloud HCM Subscribers: 197007
With nearly 700 customers globally, MiHCM has established a strong presence in regions like Southeast Asia, South Asia and Middle East. Reference customers include Dialog Axiata PLC, Rancon, Shanta Security Bangladesh, MSM Sugar and Micromechanics. The diverse customer base underscores MiHCM's appeal across various industries and geographical locations
MiHCM Asia Market Opportunities, M&A and Geo Expansions
In February 2022, MiHCM unveiled MiHCM Data and AI, an analytics platform for decision-makers in companies. Developed by Certified Data Science Professionals, MiHCM Data and AI delivers powerful insights into the workforce, workplace, and work. Utilising Microsoft Power BI and Machine Learning, the team ensures tailored data analytics, providing organisations with robust visualisations and strategic insights.
MiHCM presents distinct opportunities in its Human Capital Management solution. Global Accessibility ensures collaborative flexibility for distributed workforces through its cloud-based platform. Scalability offers the opportunity for seamless growth, adapting the system to evolving workforce needs. Employee Development opportunities arise with the implementation of training programs, fostering continuous skill enhancement. Employee Wellness features, including leave management and health programs, provide opportunities to prioritise and enhance employee well-being. Efficiency and Productivity opportunities are realised as MiHCM optimises HR processes, automates tasks, and empowers HR professionals to focus strategically, fostering improved organisational productivity.
MiHCM Asia Risks and Challenges
MiHCM faces external risks encompassing market fluctuations and competition, while go-to-market challenges involve navigating regulatory complexities in different regions and effectively communicating the value proposition to potential customers.
Dependency on Internet Connectivity poses a risk for organisations using MiHCM, particularly in regions with unreliable or slow internet services, as disruptions or connectivity issues may impede seamless HR processes.
MiHCM Asia Ecosystem, Partners, Resellers and SI
MiHCM further strengthens its presence in Bangladesh by opening a new regional office, a strategic move aimed at extending the accessibility and impact of MiHCM's cutting-edge digital HR solutions in the vibrant Bangladesh market.
MiHCM's ecosystem is fortified by strategic partnerships with Microsoft, Crayon, Omesti, iOperations, Tech One Global Philippines, VDB LOI and Ezecom. These collaborations provide access to cutting-edge technologies and platforms, such as Microsoft's Azure and Dynamics 365. The network effects created by these partnerships enhance MiHCM's visibility, decision-making capabilities, and overall market presence.
In conclusion, MiHCM's journey in the digital HR landscape is marked by innovation, strategic partnerships, and a commitment to global expansion. The company's strengths in product development, customer acquisition, and ecosystem building position it as a formidable player in the ever-evolving IT industry. As MiHCM continues to navigate challenges and capitalise on opportunities, its role in shaping the future of digital HR remains pivotal.
MiHCM Asia Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- MiHCM Asia Public Cloud and Infrastructure (IaaS)
- MiHCM Asia Platform (PaaS)
- MiHCM Asia Application Delivery
- MiHCM Asia Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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