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SOFTWARE
HR & Payroll (HCM)
Leader: Workday — 15.0% S1 · 36.0% CR3
S1
leader
CR3
top 3 combined
HHI
Unconcentrated
MARKET SIZE
Global
How this is calculated
FORMULA
S1 = Workday hcm software revenue / total hcm software revenue = 15.0%
CR3 = Workday + ADP + UKG = 36.0%
HHI = Σ(share²) = 560 (Unconcentrated (HHI < 1,500))
DENOMINATOR
HCM Software Revenue — $35B (Global)
Global human capital management software subscription revenue.
Size from: IDC HCM Applications Tracker
TOP 3 PLAYERS
#1Workday15.0%
#2ADP13.0%
#3UKG8.0%
METHODOLOGY NOTE
Workday's share of global HCM applications revenue per IDC. Validated against Workday 10-K subscription revenue, ADP Employer Services segment, and UKG (private) disclosures.
Year: 2025
Geo: Global
Firms: 15
Labor economics
REV / EMPLOYEE (leader)
$0.5M
industry avg $0.4M
SG&A % (leader)
39%
of revenue
Workday FY2025 SG&A 38.5% on $8.45B revenue; pure-play SaaS profile similar to Salesforce
Related markets
Source Quality Hierarchy
Every market has a primary source plus 1–3 validation sources. Revenue numerators come from SEC 10-K filings; denominators validated against the Economic Census where available.
TIER 1Authoritative anchorsGovernment data + SEC filings
US Economic Census (data.census.gov) · SEC EDGAR / Company 10-Ks · BEA Industry Value-Added (FRED) · BLS QCEW · USGS Mineral Commodity Summaries · EIA Refinery Capacity Report · FDA device listings
TIER 2Leading commercial trackersIndustry-standard paid trackers
IDC Semiannual Software Tracker · Gartner Market Share & Magic Quadrant · IBISWorld NAICS reports · StatCounter Global Stats · eMarketer / Insider Intelligence · Synergy Research Group
TIER 3Category specialistsBest-in-class niche authorities
SIPRI (aerospace & defense) · IQVIA (pharma) · TrendForce (semiconductors) · CIMdata (CAD/PLM) · Nilson Report (payments) · Am Law 100 (legal) · ENR Top 500 (A&E) · AM Best (insurance) · SIA (staffing) · Ad Age (agencies) · Barron's / Cerulli (wealth) · Evaluate MedTech · Nielsen Gauge (streaming) · Gridwise (ride-hail) · Bloomberg Second Measure (delivery) · RC Top 100 (roofing) · SDM Top 100 (fire/safety) · Big 4 annual reports · ALM Intelligence (consulting)
Data vintage: Q2 2025 research compilation. Labels updated 2026-Q2. Tier 1 sources refreshed from FY2025 SEC filings where available. For full methodology see the Methodology page.