This IDC study examines the human capital management (HCM) applications market and the payroll applications market for 2013 and 2014. Revenue and market share of the leading vendors are provided for 2014. This study includes tables and relevant charts mapping the Western European market in terms of tracked vendors for the market share for payroll and core HR, workforce management, recruiting, learning management, workforce performance management, and compensation management.
"Human capital management is one of the growth engines in the European market for packaged applications. Nevertheless, the data also demonstrates that the market remains somewhat fragmented, since 33% of it remains in the hands of smaller, non-top 25 HCM and payroll ISVs. The "Others" sector showed growth of 8.9% in the past year, which was primarily driven by niche vendors with SaaS delivery models," said Bo Lykkegaard, associate vice president, IDC European Software. "Although the payroll applications market appears more saturated, IDC predicts sustained high HCM and payroll growth rates over the next five years in Europe, especially for SaaS-based vendors."