TECH SUPPLIER Oct 2019 - Market Share - Doc # EUR145561519

Western Europe HCM and Payroll Applications Vendor Shares, 2018: Pure Public Cloud Players Enjoying Strong Growth in Western Europe

By: Alexandros StratisResearch Manager, Erica SpinoniResearch Analyst, European Software

Abstract

This IDC Market Share study provides an analysis and sizing of the Western European HCM and payroll accounting applications market for 2016-2018 and market shares per vendor. The study segments the combined market by functional segment (two functional segments), deployment model (PCS and on-premise), and major Western European country/region.

"IDC research finds that human capital management is one of the growth engines in the European market for enterprise applications. Traditional large vendors are putting a lot of emphasis on their customers' human capital needs, sparking a lot of innovation and driving investment in the field. Cloud is making HCM solutions simpler and more attractive while streamlining payroll, thus many customers are rethinking their investments. In addition, we have seen that talent management is far from saturated in Europe, and midmarket organizations offer significant market growth potential," said Alexandros Stratis, research manager, IDC European Software. "As skills shortages, employer branding, and employee experience become important incentives behind the digital transformation agenda, IDC believes technology suppliers will continue to find the combined HCM and payroll market a very appealing target, with a lot of room for innovation and growth."


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