This IDC Market Forecast study provides an analysis and sizing of the Western European HCM and payroll accounting applications market for 2016-2018 and a forecast for 2019–2023. 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), and it replaces the previous forecast (Western Europe HCM and Payroll Applications Forecast, 2018–2022 — IDC #EMEA43325918, October 2018).
"Human capital management is one of the growth engines in the European market for enterprise applications. Social learning, social recruiting and employer branding, advanced analytics for compensation management, succession planning, and workforce performance management, and cloud-based solutions for core HR and payroll are among the key drivers of growth over the coming years. Furthermore, talent management is far from saturated in Europe, and midmarket organizations in particular have significant potential," said Alexandros Stratis, research manager, IDC European Software. "As skills shortages, employer brand, and employee experience become important incentives behind the digital transformation agenda, IDC expects sustained and high HCM growth rates over the next five years in Europe."
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