European HCM Applications Forecast, 2023-2028

IDC Market Forecast Figure

• Figure: European Human Capital Management and Payroll Management Applications Revenue Snapshot

Executive Summary

Advice for Technology Suppliers

• Develop a Road Map to HR Automation

• Strategically Implement GenAI

• Enhance Employee Experience Through Modern Payroll Solutions

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

• Measure the ROI of EX Investments

• Address the Expectations of Gen Z and Millennials

Market Forecast

• Table: European HCM and Payroll Management Revenue, 2021-2023

• Table: European HCM and Payroll Management Applications Revenue by Functional Market, 2023-2028

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

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

• Table: European HCM and Payroll Management Applications Revenue by Deployment Model, 2023-2028

• Table: European HCM and Payroll Management Applications Revenue Forecast by Subregion and Country, 2023-2028

• Figure: European HCM and Payroll Management Applications Revenue by Subregion and Country, 2023–2028 CAGR

• Table: European HCM Applications Revenue Forecast by Subregion and Country, 2023-2028

• Table: European Payroll Management Applications Revenue Forecast by Subregion and Country, 2023-2028

Market Context

• Drivers and Inhibitors

• Drivers

• GenAI in HCM Software is Becoming a Key Buyer Criterion

• Acceleration of Globalization and Remote Work Continues to Shape HCM and Payroll Systems

• Focus on the ROI of EX Initiatives

• Inhibitors

• Economic Uncertainty

• Skill Gaps in HR

• Significant Market Developments

• No Doubt About It, GenAI Is a High-Potential 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

• Changes from Prior Forecast

• Figure: European HCM and Payroll Management Applications Forecast: Comparison of 2H21 and 2H22 Forecasts (Current $M)

• Figure: European HCM and Payroll Management Applications Growth Forecast: Comparison of 2H21 and 2H22 Forecasts (Growth Rates)

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

Methodology

• Exchange Rates

• Mergers and Acquisitions

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