This IDC study provides a sizing of the human capital management applications market in 2010 along with a 2011-2015 forecast. Historical and forecast revenue data is shown for the total worldwide market by geographic region. The human capital management applications market is expected to reach $8.1 billion worldwide by 2015, a CAGR of 6.0%.
"Growth was spurred by renewed attention to projects that were put on hold during the economic downturn as well as continued interest in talent management and the latter's potential positive effect on business performance," says Lisa Rowan, program director, HR, Talent and Learning Strategies for IDC. "As buyers continue to make investments in human capital management, vendors are advised that clients are interested in consolidating away from the many suppliers they may employ today and may sacrifice some depth for breadth to gain integration across segments. Buyers are also increasingly seeking out SaaS solutions over traditional on-premise solutions."
Worldwide Human Capital Management Applications 2011–2015 Forecast
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