Worldwide Human Capital Management and Payroll Applications Forecast, 2024–2028
This IDC study discusses the human capital management and payroll applications market for 2024–2028."Global markets for HCM and payroll applications and services continue to show strength as rising demand for operational adaptability strategies increasingly depends on business transformation around workforce considerations," says Zachary Chertok, research manager, Employee Experience. "Interim transformative markets are creating opportunities for certain segments over others as businesses move closer to platform data models that reexamine the workforce as an investment."
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Data Extensibility Forms in the Core HR Layer
HR's Role Is Evolving into a Behavioral COE
HR Borders Are Expanding, But Remember the Influencers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Digital Transformation Is Evolving into AI Transformation
Experimentation with AI and GenAI Will Grow, Advance, and Change Priorities
The Characteristics of Work Will Continue to Transform and Diversify
Inhibitors
IT Spend Scrutiny Will Grow as an Impact Factor for HR Technology
Regulations Will Continue to Increase in Variety and Variability
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Notes, Sources, and Methodology for the IDC Forecast
Related Research
Research Assistance
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