PUBLISHER: IDC | PRODUCT CODE: 1284885
PUBLISHER: IDC | PRODUCT CODE: 1284885
European HCM and Payroll Applications Market Shares, 2022: Reshaping the HR Department
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
IDC Market Share Figure
Executive Summary
Advice for Technology Suppliers
- Adapting to Changes in HR Processes
- Supporting Emerging AI Use Cases
- Ensuring Wellbeing Solutions Deliver Value
- Facilitating New Approaches for Underserved Employee Groups
Market Share
Who Shaped the Year
- SAP
- Bolstering European HCM Market Leadership Through Strategic Divestitures and AI Collaboration with Microsoft
- Workday
- Ramping up Innovation, Appointing a New President for EMEA, and Securing a Major Retail Partnership
- Visma
- Solidifying Third-Largest Vendor Spot with Strategic Acquisition Strategy
- SD Worx
- Broadening Its European Presence
- Cornerstone OnDemand
- Navigating Growth Via Intelligent Acquisitions
Market Context
- Significant Market Developments
- Employee Experience Tops HR Agendas
- Increasing Demand for HR Solutions to Manage Talent Pipelines
- Niche Vendors Claiming Market Share Through Innovation and Specialization
Methodology
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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