Worldwide Cloud-based Payroll Software Market Analysis to 2027 is a specialized and in-depth study of the Cloud-based Payroll Software industry with a focus on the global market trend. The report aims to provide an overview of global Cloud-based Payroll Software Market with detailed market segmentation by product/application and geography. The global Cloud-based Payroll Software Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Cloud-based Payroll Software players and offers key trends and opportunities in the Market.
The global cloud based payroll software market valued at US$ 7.34 Bn in 2018 and is expected to grow at a CAGR of 10.3% during the forecast period 2019 - 2027, to account to US$ 17.39 Bn by 2027.
The cloud-based payroll infrastructure is maintained and hosted by the third party server and the cost of implementation of cloud-based solutions is lower than that of the on-premise solutions. Further, the use of multiple platforms to manage different HR processes is impractical and time consuming. An edge that cloud-based payroll software have is their ability to offer just about any HR management need. Apart from payroll, these solutions also offer time and attendance along with HR and benefits administration competences all from a single platform. Such benefits are expected to fuel the cloud based payroll software market growth globally.
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cloud-based Payroll Software Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
Payroll software organizes, automates, and simplifies complex compensation planning and facilitates managers to increase accuracy, improve budget allocations, and align compensation decisions with organizational guidelines. Enterprises are adopting payroll software to make better compensation decisions while reducing cycle times with accuracy, up-to-date and auditable processes. Moreover, numerous firms are installing cloud-based payroll software as it is economical and improves the efficiency of the compensation and review processes. The cloud-based payroll software market is propelled by ease of system enhancements & updates, secured cloud backup of employee data, and advantages over on-premise solutions. However, regulatory compliances and synchronizing domestic HR processes with global HR standards is a major challenge that is anticipated to hinder the market growth to a certain degree.
The List of Companies
1. ADP, LLC
2. 1 2 Cloud Payroll Ltd.
3. Ceridian HCM, Inc.
6. IRIS Software Group Ltd
7. Kronos Incorporated
8. Oracle Corporation
9. Sage Group
10. Zoho Corporation Pvt. Ltd.
The "Global Cloud-based Payroll Software Market Analysis to 2027" is a specialized and in-depth study of the cloud-based payroll software market with a focus on the global market trend. The report aims to provide an overview of the global cloud-based payroll software market with detailed market segmentation by the organization size, industry vertical, and geography. The global cloud-based payroll software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the cloud-based payroll software market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cloud-based payroll software market based on the organization size and industry verticals. It also provides market size and forecast till 2027 for overall cloud-based payroll software market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions. Further, the report also includes ecosystem analysis for the cloud-based payroll software market.
Also, key cloud-based payroll software market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cloud-based Payroll Software Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Cloud-based Payroll Software Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.