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This IDC study provides revenue breakdowns of many major vendors that have gained the biggest shares in the following human capital management applications segments: core human resources (HR), erecruiting, incentive management, performance management, workforce management, and software as a service (SaaS). A close examination of 25 HCM applications vendors reveals that the market is on a path of sustainable growth, with increased investments by customers that have recognized the value of strategic components such as erecruiting, performance management, and workforce optimization.
"The positioning of these vendors will be going through radical transformation as customers are leaning toward one-stop shop for their entire employee life-cycle management needs,'' said Albert Pang, research director for Enterprise Applications at IDC. "As vendors become more similar than ever, the question is whether best-of-breed HCM vendors can continue to prosper without compromising their unique positioning.''
