European Human Capital Management and Payroll Management Applications Vendor Shares, 2019: Public Cloud Revenues Sustain the HCM Growth Momentum in Europe
This IDC Market Share study analyzes and sizes the European (WE and CEE) HCM and payroll management applications market for 2017-2019 and market shares per vendor. The study segments the combined market by functional segment (two functional segments) deployment model (PCS and on-premises), and major European countries/regions, with their respective top 5 tables showing growth and market share."Once more, we see the human capital management market proving to be a fast-growing ERM functional market and finding itself at the forefront of investments for numerous European organizations. In addition, payroll had a very strong year as numerous digital tax initiatives in key markets (e.g., the U.K.) boosted sales and pushed previous non-adopters to invest in payroll solutions. For both markets, 2019 was a strong year for public cloud products across different company size segments. As the effect of the pandemic is reshaping the Future of Work, employee engagement, training and skills development, along with onboarding and workforce management solutions will become key factors in helping European businesses return to profitability," said Alexandros Stratis, research manager, IDC European Software.
Please Note: Extended description available upon request.
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