European HCM and Payroll Management Applications Market Forecast, 2021–2026

European HCM and Payroll Management Applications Market Forecast, 2021–2026

This IDC Market Forecast document provides analysis and sizing of the European HCM and payroll management applications market for 2019–2021 and forecasts for 2022–2026. The study segments the combined human capital management (HCM) and payroll management applications market in Europe by function (HCM and payroll), deployment model (software as a service and on premises/other), and country and subregion (Western Europe and Central and Eastern Europe). “Human capital management and payroll management solutions are becoming crucial to businesses, as employees are redefining what constitutes a fulfilling job. Employee listening and engagement tools are becoming a ‘must have’ in larger companies’ HCM application ecosystems. Such solutions will markedly contribute to double-digit growth in the combined HCM and payroll management market segment over the next five years, despite inflation and geopolitical tensions.” — Senior Research Analyst Ivan Oz, Software, IDC Europe

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