Worldwide Human Capital Management and Payroll Processing Applications 2007-2011 Forecast and 2006 Vendor Shares

Abstract

This IDC study provides the latest software license and maintenance revenue shares of more than 250 human capital management and payroll processing applications vendors between 2004 and 2006. It also provides the overall market trends that form the basis of the 2007-2011 forecast.

Historical and forecast revenue data is shown for the total worldwide market by major HCM segment, including core HR, enterprise incentive compensation, erecruiting, payroll processing, performance management, and workforce management. Historical and forecast revenue data also include market breakdowns by geographic region and operating environment.

"The human capital management and payroll processing applications market saw considerable growth in 2006 because of favorable economic conditions. Even if the global economy deteriorates, HCM vendors will still be able to offset any decline in hiring activity by touting their proven benefits of helping companies deploy employees more intelligently while raising retention rates, which in turn will lower training costs and boost customer satisfaction levels,' ' said Albert Pang, research director of Enterprise Applications at IDC.