TECH SUPPLIER Aug 2021 - Market Forecast - Doc # EUR147155921

European HCM and Payroll Applications Forecast, 2021-2025

By: Alexandros StratisResearch Manager

Abstract

This IDC study provides an analysis and sizing of the European HCM and payroll management applications market for 2018-2020 and a forecast for 2021-2025. The study segments the combined applications market by functional market (HCM and payroll management), deployment model (PCS and on-premises/others), and European country (23 countries and regions).

"Human capital management and payroll management applications proved to be a vital tool for supporting new work models and ushering in an improved employee experience at a time of serious disruption. As CHROs become more strategic and forward looking, the tools at their disposal will be crucial for the success of their expanded agendas, from managing new HR-related KPIs, providing engagement data, and improving productivity, equality, and diversity for their organizations. This in turn makes the HCM and payroll market a field for substantial innovation, creativity, and robust growth," said Alexandros Stratis, research manager, European Software.


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