Governance and ESG Focus
Big Picture: Our Addressable Market is Large, Growing, and Evolving
Large & Growing Market
$150B Addressable
Global HCM Market
$90B
5-6%
Growth
Continuous Evolution
HCM landscape continues to be shaped by secular changes across many categories
囹
$20B
•
$40B
•
WORK
Growth of gig
economy
Emergence of
dynamic teams
PAY
More workers paid
in real-time or on
tailored schedules
HR
BUSINESS
•
Becoming more
analytical,
TECH
Globalization of
workforce
•
HCM tech
leveraging AI/ML
Evolving labor
Increasing focus
on talent and
engagement
markets
Growing regulatory
transforming into
platforms + app
ecosystems
Emergence of
public cloud
pressure
US HCM
HR
Outsourcing
International
HCM
Source: Census, D&B, IHS, Nelson Hall, Cerulli Associates, Internal Financial
Reporting; growth rates FY17-20
_ Additional potential impacts from COVID-19
Copyright © 2021 ADP, Inc.
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