This study provides a sizing of the human capital management applications market in 2011 along with a 2012–2016 forecast. Historical and forecast revenue data is shown for the total worldwide market by geographic region. Worldwide revenue for the human capital management applications market was $7.5 billion in 2011, representing growth of 16.6% over 2010.
"As buyers continue to make investments in human capital management, vendors are advised that clients are focusing on a number of capabilities," says Lisa Rowan, program director, HR, Talent and Learning Strategies for IDC. "Among these areas of focus are interest in a global view into their workforces and the ability to evenly apply talent management efforts globally, doing more with current resources, and the perceived cost savings associated with cloud delivery."