TECH SUPPLIER Jul 2021 - Market Forecast - Doc # US47071021

Worldwide and U.S. Human Capital Management and Payroll Applications Forecast, 2021–2025

By:

Lisa Rowan
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Abstract

This IDC study provides a sizing of the human capital management and payroll applications market in 2020 and a 2021–2025 forecast for these markets. Historical and forecast revenue data is shown for the total worldwide market and by geographic region broken out by delivery method.

"While there was a decline in growth due to the pandemic in 2020, the decline was not as steep as it could have been," says Lisa Rowan, research vice president, HR, Talent, and Learning Strategies at IDC. "Looking forward to the forecast period, market growth is forecast to rebound well. There is a lot of attention being paid to the workforce, and this is reflected in vigorous spending on human capital management solutions."


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