European HCM and Payroll Management Applications Market Forecast, 2021–2026

European HCM and Payroll Management Applications Market Forecast, 2021–2026

This IDC Market Forecast document provides analysis and sizing of the European HCM and payroll management applications market for 2019–2021 and forecasts for 2022–2026. The study segments the combined human capital management (HCM) and payroll management applications market in Europe by function (HCM and payroll), deployment model (software as a service and on premises/other), and country and subregion (Western Europe and Central and Eastern Europe). “Human capital management and payroll management solutions are becoming crucial to businesses, as employees are redefining what constitutes a fulfilling job. Employee listening and engagement tools are becoming a ‘must have’ in larger companies’ HCM application ecosystems. Such solutions will markedly contribute to double-digit growth in the combined HCM and payroll management market segment over the next five years, despite inflation and geopolitical tensions.” — Senior Research Analyst Ivan Oz, Software, IDC Europe

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
European HCM and Payroll Management Applications Revenue, 2019–2021
European HCM and Payroll Management Applications Forecast by Functional Market
European HCM and Payroll Management Applications Market Forecast by Deployment Model
European HCM and Payroll Management Applications Market Forecast by Subregion and Country
HCM Applications Subsegment Forecast by Subregion and Country
Payroll Management Applications Subsegment Forecast by Subregion and Country
Market Context
Drivers and Inhibitors
Drivers
The Growing Importance of Employee Experience
New Breed of Vendors
Inflation
Inhibitors
Economic Uncertainty
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Forecast Information Sources
Forecasting Process
Company-Level Data Collection
Exchange Rates
Additional Notes
Related Research

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