European HCM and Payroll Applications Forecast, 2023-2027

IDC Market Forecast Figure

• Figure: European Human Capital Management and Payroll Management Applications Revenue Snapshot

Executive Summary

Advice for Technology Suppliers

• Support Emerging AI Use Cases

• Facilitate New Approaches for Underserved Employee Groups

• Support Agile Organizations and Cross-Functional Collaboration

Market Forecast

• Table: European HCM and Payroll Management Revenue, 2020-2022 ($M)

• Figure: European HCM and Payroll Management Applications Revenue, 2020-2022 ($M)

• Table: European HCM and Payroll Management Applications Revenue by Functional Market, 2021-2027 (Constant $M)

• Figure: European HCM and Payroll Management Applications Revenue by Functional Market (%), 2022

• Figure: European HCM and Payroll Management Applications Revenue by Deployment Model (%), 2022

• Table: European HCM and Payroll Management Applications Revenue by Deployment Model, 2021-2027 (Constant $M)

• Table: European HCM and Payroll Management Applications Revenue Forecast by Subregion and Country, 2021-2027 (Constant $M)

• Figure: European HCM and Payroll Management Applications Revenue by Subregion and Country, 2021–2027 CAGR (%)

• Table: European HCM Applications Revenue Forecast by Subregion and Country, 2021-2027 (Constant $M)

• Table: European Payroll Management Applications Revenue Forecast by Subregion and Country, 2021-2027 (Constant $M)

Market Context

• Drivers and Inhibitors

• Drivers

• European Organizations' Employee Attraction Issues

• Developing a Data-Driven Strategic HR Department

• EU GDP Growth

• Inhibitors

• Russia-Ukraine War: No End in Sight

• Significant Market Developments

• Employee Experience Tops HR Agendas

• Niche Vendors Claim Market Share Through Innovation and Specialization

• Industry Leaders Forge Strategic AI Partnerships

• Changes from Prior Forecast

• Figure: European HCM and Payroll Management Applications Market Revenue,2022–2027 — Comparison of 2H22 Forecast with 2H23 Forecast (Constant $M)

• Figure: European HCM and Payroll Management Applications Market Growth Rates, 2022–2027 — Comparison of 2H22 Forecast and 2H23 Forecast

Market Definition

• Human Capital Management (HCM) Applications

• Core Human Resources Applications

• Talent Management Applications

• Talent Acquisition Applications (Recruiting)

• Compensation Management Applications

• Employee Performance Management Applications

• Learning Management Applications

• Workforce Management Applications

• Payroll Management Applications

Methodology

• Forecast Information Sources

• Forecasting Process

• Company-Level Data Collection

• Exchange Rates

• Additional Notes

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