Western Europe Human Capital Management and Payroll Accounting Applications Forecast, 2015–2019
This IDC study provides an analysis and sizing of the Western European HCM and payroll accounting applications market for 2012-2014 and a forecast for 2015–2019. It segments the combined applications market by functional segment (seven functional segments), deployment model (SaaS and on-premises), and Western European country (16 countries)."Human capital management is one of the growth engines in the European market for packaged applications. Social learning, social recruiting and employer branding, advanced analytics for compensation management, succession planning, workforce performance management, and cloud-based solutions for core HR and payroll are among the key growth drivers in the coming years. Furthermore, talent management is far from saturated in Europe, and midmarket organizations in particular have a significant potential," said Bo Lykkegaard, associate vice president, IDC European Software. "As the technological innovation waves that come with the 3rd Platform and accelerators such as cognitive systems make their way into packaged HCM and payroll applications, IDC believes there will be sustained high HCM growth rates over the next five years in Europe."