European HCM and Payroll Management Applications Market Forecast, 2021-2026

European HCM and Payroll Management Applications Market Forecast, 2021-2026

  • July 2022 •
  • 20 pages •
  • Report ID: 6293004 •
  • Format: PDF
This IDC Market Forecast document provides analysis and sizing of the European HCM and payroll management applications market for 2019-2021 and forecasts for 2022-2026. The study segments the combined human capital management (HCM) and payroll management applications market in Europe by function (HCM and payroll), deployment model (software as a service and on premises/other), and country and subregion (Western Europe and Central and Eastern Europe). "Human capital management and payroll management solutions are becoming crucial to businesses, as employees are redefining what constitutes a fulfilling job. Employee listening and engagement tools are becoming a 'must have' in larger companies' HCM application ecosystems. Such solutions will markedly contribute to double-digit growth in the combined HCM and payroll management market segment over the next five years, despite inflation and geopolitical tensions." -- Senior Research Analyst Ivan Oz, Software, IDC Europe