Abstract
This study sizes the Western European human capital management (HCM) and
payroll applications market in 2005-2007 and provides a 2008-2012 forecast for
this market. The Western European HCM and payroll applications market is
segmented and forecast by functional market (HCM and payroll), by company size
(fewer than 500 employees, 500-4,999, and 5,000 and over), by European country,
by functional segment (payroll, core HR, workforce management, erecruiting,
incentive management, HR performance management), and by deployment model
(software as a service versus on-premises).
"2007 was another year of strong growth for the Western European HCM and
payroll applications market, which became a ?1.7 billion market in licenses,
maintenance, and subscription revenues alone. Large and midsized organizations
are investing in packaged solutions to streamline, centralize, and automate
transactional processes related to HR and payroll. Meanwhile, the pronounced
talent shortage continues in Europe, particularly in Northern Europe, and
forces organizations to invest in software to improve talent acquisition,
management, and retention," said Bo Lykkegaard, program director, European
Enterprise Applications and Services. "The next frontier to open up will be the
small and midsized organizations, which struggle with some of the same HCM
challenges as large enterprises. The green grass SMB segment will require
vendors to innovative to bring down the cost of buying, deploying, using, and
maintaining the applications."
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