Worldwide and U.S. Human Capital Management and Payroll Applications Forecast, 2023-2027

This IDC study provides a sizing of the human capital management and payroll applications market in 2022 and a 2023-2027 forecast for these markets. Historical and forecast revenue data is shown for the total worldwide market and by geographic region broken out by delivery method."The market for human capital management and payroll applications rebounded strongly in 2021 and 2022 as the effects of the global COVID-19 pandemic moderated and business rebounded," says Lisa Rowan, research vice president, Modern HR Strategies and Opportunities at IDC. "Looking forward through the forecast period, growth will decline a few percentage points in 2023 and will slowly return to growth similar to what was seen over the past two years through the five-year forecast period."