TECH SUPPLIER May 2022 - Market Share - Doc # EUR148688022

European HCM and Payroll Applications Vendor Shares, 2021

By:

Ivan Oz
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,
Bo Lykkegaard
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Abstract

This IDC study provides sizing and market shares per vendor of the Western Europe (WE) and Central and Eastern Europe (CEE) HCM and payroll management applications markets for 2019-2021. This is the first report in which IDC examines the two markets combined across Europe. The study segments the combined market by functional segment (two functional segments), deployment model (PCS and on premises), and major countries/regions. It includes the respective top 5 tables, showing growth and relevant market share.

"The European HCM and payroll market expanded significantly in 2021, growing more than 10.0% from the previous year. The impact of the 'great resignation,' combined with the post-lockdown surge in economic activity, has made HCM a top corporate priority. To counter workforce turnover and attract talent, organizations are investing in HCM solutions to create workplace cultures centered around the employee experience." — Senior Research Analyst Ivan Oz, IDC European Enterprise Applications


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