This IDC Market Forecast provides an analysis and sizing of the Western European HCM and payroll accounting applications market for 2015-2017 and a forecast for 2018–2022. The study segments the combined applications market by functional segment (two major functional segments), deployment model (SaaS and on-premise), and Western European country (16 countries); it replaces the previous forecast (Western Europe HCM and Payroll Applications Forecast, 2017–2021 — IDC #EMEA42113417, October 2017).
"As organizations adopt and excel at the use of digital technologies, they aim to deliver flexibility, profitability, and innovation. These transformational drives are putting increased pressure on the CHRO to implement a comprehensive human capital strategy, one that will offer a high level of self-service HR, valuable and analytically driven insights from HR data, and the ability to tap talent whenever and wherever across different platforms. As HR becomes critical in delivering these goals, HCM investments from businesses of all sizes in Western Europe are set to continue growing," said Alexandros Stratis, senior research analyst, IDC U.K., European Enterprise Applications. "Furthermore, challenges that emerge from the war for talent, the gig economy, and the way different generations of employees understand and experience work is creating new customer demands that HCM vendors are racing to meet."
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