European HCM and Payroll Applications Vendor Shares, 2023

IDC Market Share Figure

• Figure: European HCM and Payroll Management Applications 2023 Share Snapshot

Executive Summary

Advice for Technology Suppliers

• Develop a Road Map to HR Automation

• Implement GenAI Strategically

• Enhance Employee Experience Through Modern Payroll Solutions

• Assist European Organizations in Gearing Up for the Skill-Based Economy

• Measure the ROI of Employee Experience Investments

• Address Expectations of Gen Z and Millennials

Market Share

• Table: Top 20 European HCM and Payroll Applications Vendors by Revenue, 2021–2023 (Constant $M)

• Table: Top 10 European HCM Applications Vendors by Market Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: Top 10 European Payroll Management Applications Vendors by Market Revenue, Growth, and Share, 2021–2023 (Constant $M)

Who Shaped the Year?

• Main Vendors of HCM Solutions Integrate GenAI Capabilities

• Workday Acquires HiredScore

• SD Worx Acquires TribePerk and Romanian Software to Strengthen Market Position in Europe

• ServiceNow Expands Capabilities Through Strategic Acquisitions

Market Context

• Figure: European HCM and Payroll Management Applications License, Maintenance, and Subscription Revenues by Region, 2023 (Constant $M)

• Table: European HCM and Payroll Applications Revenue by Region, 2021–2023 (Constant $M)

• Figure: European HCM and Payroll Management Applications License, Maintenance, and Subscription Revenues by Deployment Type, 2023 (Constant $M)

• Table: Top 5 European Public Cloud HCM and Payroll Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Figure: European HCM and Payroll Management Applications License, Maintenance, and Subscription Revenues by Functional Market, 2023 (Constant $M)

• Table: European HCM and Payroll Management Applications Country Markets by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: Benelux: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: France: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: Germany: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: Italy: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: Nordics: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: Spain: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: U.K.: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Table: CEE: Top 5 HCM and Payroll Management Applications Vendors by Revenue, Growth, and Share, 2021–2023 (Constant $M)

• Significant Market Developments

• No Doubt About It, GenAI Is a Disruptive Technology for the HCM Tech Space

• HR Automation Is a Key Focus for Buyers

• HR Is Breaking Out of Its Silo, Looking to Connect with IT and the Rest of the Organization

Methodology

• Exchange Rates

• Mergers and Acquisitions

Market Definition

• Human Capital Management Applications

• Core Human Resources Applications

• Talent Management Applications

• Talent Acquisition Applications (Recruiting)

• Compensation Management Applications

• Employee Performance Management Applications

• Learning Management Applications

• Workforce Management Applications

• Payroll Management Applications

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