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Market Research Report

Worldwide and U.S. Human Capital Management and Payroll Applications Forecast, 2018-2022

Published by IDC Product code 658253
Published Content info 11 Pages
Delivery time: 1-2 business days
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Worldwide and U.S. Human Capital Management and Payroll Applications Forecast, 2018-2022
Published: June 29, 2018 Content info: 11 Pages

This IDC study provides a sizing of the human capital management (HCM) and payroll applications market in 2017 and a 2018-2022 forecast for this market. Historical and forecast revenue data is shown for the total worldwide market broken out by delivery method and by geographic region. Highlights include:The market for HCM applications remains strong. Worldwide growth in HCM applications in current currency for 2017 was 14%. Worldwide growth in payroll applications lagged slightly behind that of HCM applications at 12% in current currency in 2017.The combined market for HCM and payroll applications is forecast to reach $30 billion worldwide in 2022, growing at a CAGR of 9.5%.The Americas region represents the largest market for both HCM and payroll applications in 2017 and through the forecast period. EMEA represents the second-largest region, and Asia/Pacific is the smallest market. "Positioning successfully for the HR buyer requires a thorough understanding of the key drivers of HCM system change," says Lisa Rowan, research vice president, HR, Talent, and Learning Strategies for IDC. "The need for strong vendor viability is now overtaking all other buying criteria."

Table of Contents
Product Code: US44024818

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

  • Worldwide Forecast by Segment
    • HCM and Payroll Applications Combined
      • HCM Applications Without Payroll
      • Payroll Applications
  • Forecast by Region
  • U.S. Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Unemployment/Job Creation
      • Economy
      • Cloud
    • Inhibitors
      • Potential Geopolitical Crises
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition


  • Historical and Forecast Market Values and Exchange Rates

Related Research

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