This IDC study examines the human capital management (HCM) and payroll applications market for the 2015–2017 period. Revenue and market share of the leading vendors are provided for 2017. Included is a full list of tracked vendors for total share for the combined HCM and payroll applications market and lists of the top vendors in share for HCM applications and payroll applications separately.
"Rationalization, modernization, and digital transformation of technology to overcome legacy issues of maintenance, cost, and upgrades and the need to move to more modern digitally enabled HCM and payroll systems are three of the key drivers for change in the next 12–18 months," says Lisa Rowan, research vice president, HR, Talent, and Learning Strategies for IDC. "In addition, vendor service level has now become a critical element for change, in what is now a buyer's market for HCM and payroll software.