Workday HCM is growing rapidly and taking market share from traditional ERP providers, with clients deploying a wide range of modules. HFS estimates the Workday HCM services market to be worth approximately $2.4 billion in 2018, with an expected growth rate of 22% for 2019. HFS forecast this market to have a compound annual growth rate (CAGR) of 18.9% to 2022. Platform sales, which include Workday HCM and Workday Financials on the same platform, are also increasing in the market.
This report investigates client buying behaviour and preferences in the Workday HCM service market. It is based on in-depth conversations with 32 enterprises that are working with service providers to deploy and support the Workday HCM applications.
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