European HCM and Payroll Applications Forecast, 2020-2024

European HCM and Payroll Applications Forecast, 2020-2024

  • December 2020 •
  • 20 pages •
  • Report ID: 5999364 •
  • Format: PDF
This IDC Market Forecast provides an analysis and sizing of the European HCM and payroll management applications market for 2017 to 2019 and a forecast for 2020 to 2024. It segments the combined applications market by functional market (HCM and payroll management), deployment model (public cloud services and "on-premises/others"), and country (23 countries and regions). This is the first combined forecast for Western Europe and Central and Eastern Europe."Human capital management remains a key market in the European ERM domain. It is expected to carve a path to recovery after 2021 as organizations will seek to harness productivity, improve engagement, and support remote working in the emerging 'next normal.' The human capital will remain the most valuable and agile asset for European businesses and, despite the COVID-19 pandemic, a new strategic role is emerging for the chief human resources officer (CHRO), who in turn will need modern applications to manage the workforce of the future," said Alexandros Stratis, research manager, IDC European Software.