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Western European HR Management Services Market, 2005-2010Product Type: Market Research ReportPublished by: IDC Published: May 2006 Product Code: R104-26465 Description
This IDC study answers the following questions: What are IDC's predictions and assumptions relating to market forces affecting the Western European HR management services market, and what impact will they have on the market forecasts? What is the size of the opportunity for providing HR services in Western Europe in 2005 and for the next four years? What are the key recommendations from IDC for maintaining and growing HR services revenues in the coming years?The Western European HR management HR services market continues to represent a substantial services opportunity, with organizations across Europe increasingly investing in workforce management services as a means of driving out costs and increasing productivity in the enterprise. The key findings of IDC's 2006 HR management services study include: Western European HR management services spending will grow from $23.5 billion in 2005 to $33.7 billion by 2010 at a five-year CAGR of 7.5%. Despite a noticeable dip in 2005, HR business process outsourcing (BPO) will represent the fastest growing services segment, with growth projected at a CAGR of 15.5% over the forecast period 2005-2010. Pensions reform, productivity, and the aging workforce have emerged as just a few of the major challenges that will continue to drive spending in the HR Consulting services segment. The HR consulting services market, which represented 38.1% of HR services spending in 2005, is expected to grow at a CAGR of 7.8% over the forecast period. Increasing take up of benefits and training administration services as well as healthy growth in the mature payroll outsourcing market, will see the HR processing services market grow 5.8% in the period 2005-2010."Despite a dip in contract signings in 2005, it is HR BPO which will continue to be the growth engine of the HR services market in Europe," said IDC Research Manager Mike Friend. "Service providers in the HR BPO market are now moving from first to second generation in their evolution, with a critical component of that migration related directly to a restructuring of global service delivery models," said Friend. "First-generation HR BPO is largely built around client specific delivery silos. Second-generation HR BPO will be crucial to future growth of the market, since it will create the flexibility and scale to deliver low cost, high quality client services from multiclient, best shore locations." Table of Contents
Table of ContentsIDC Opinion In This Study Methodology Impact of Exchanges Rates Table: Key Exchange Rate Information Situation Overview Table: Western European HR Services Market, 2004-2005, Exchange Rate Effects ($M) 2005 - Growing Momentum in EMEA Assessment of the Current Situation in Western Europe Overall Market Trends Western European HR Services Market Trends Future Outlook Forecast and Assumptions Table: IDC Macroeconomic and Macro-Level Services Assumption Summary - Western Europe, 2006 Top-Level EMEA and Western European HR Management Services Forecast Table: EMEA and Western European HR Services Market, 2005-2010 ($M) The Western European HR Management Services Market Table: Western European HR Services Market, 2005-2010 (-M) Forecast and Assumptions for the Western European HR Services Market Table: Western European HR Services Forecast Assumptions, 2006 Western European HR Services Market - Country/Regional View Figure: Western European HR Services Market by Country/Region, 2005 and 2010 ($M) Western European HR Services Market - Industry Sector View Figure: Western European HR Services Market by Industry Sector, 2005 and 2010 ($M) Western European HR Services Market - Functional View Table: Western European HR Services Market, 2005-2010, by Segment Figure: Western European HR Services Market by Segment, 2005 and 2010 (%) Market Context Figure: Western European HR Services Market - Previous vs Current Forecast Essential Guidance Learn More Related Research Europe Appendix: Definitions IDC Segmentation of the Western European HR Services Market Figure: Major Process Elements Within the HR Value Chain Industry Sectors Table: Vertical Market Classification Synopsis |
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