target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Share - Doc Document number: # EUR149517223
European HCM and Payroll Applications Market Shares, 2022: Reshaping the HR Department
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Abstract
This IDC Market Share study provides 2022 market sizing and market share per vendor in the Western Europe and Central and Eastern Europe human capital management and payroll management applications market. The study segments the combined market by deployment model (public cloud services and on premises) and major country/subregion. It covers 22 European countries and subregions, with listings of the top 10 vendors for each functional market and the top 5 for each of the biggest countries and subregions, including growth and relevant market share data. The study also offers guidance for vendors of HCM and payroll management applications in Europe.
"In 2022, the human capital management and payroll market registered impressive growth. During the year, many European organizations addressed persistent concerns about employee attraction and retention by adopting technology and reshaping the HR department into a strategic business function. Modern HR departments require state-of-the-art tools, IT expertise, and a collaborative approach with other functions to effectively manage and leverage the wealth of data they possess and to become a key advisor to the board." — Senior Research Analyst Ivan Oz, IDC European Enterprise Applications