Payroll – HR Solutions and Services Market Analysis| Kronos Incorporated, Paylocity Corporation, Ultimate Software Group, Oracle Corporation

The payroll & HR solutions & services market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global payroll & HR solutions & services market throughout the above mentioned forecast period in terms of revenue (US$ Bn).

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The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future statusof this market, key market indicators, integration challenges, end-user adoption analysis, and key trendsof the market.Further, key market indicators included in the report provide the significant factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about theglobal payroll & HR solutions & services market. Amarket attractiveness analysis has also been provided for every segment in the report, in order to present a thorough understanding of the overall scenario in the payroll & HR solutions & services market. The report alsooffersan overview of various strategies adopted by key players in the market.

Global Payroll & HR Solutions &Services Market: Scope of the Report

On the basis of deployment, the market is segmented into cloud, on premise, and hybrid. Based on enterprise size, the market is divided into small & medium enterprises and large enterprises. Based on solution, the market is categorized into software and services. The software segment is further fragmented into suite and standalone. The standalone sub segment is classified into payroll and compensation management, time and attendance management, compliance management, workforce management, claims administration, employee benefits management,hire management and others (tax management, report generation, etc.).On the basis of industry, the market is divided into banking, financial services, and insurance (BFSI), government, healthcare, manufacturing, retail, telecom and IT, transportation and logistics, and others.The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East &Africa, and South America, along with the qualitative analysis for market estimates supplementing the growth of the payroll & HR solutions & services marketduring the forecast period.

The report also highlights the competitive landscape of the global payroll & HR solutions & services market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry. The comprehensive payroll & HR solutions & services market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the payroll & HR solutions & services market growth.

This report provides all the essential information required to understand the key developments in the payroll & HR solutions & services market, and growth trends of each segment and region. It includes strategies of companies, financial information, SWOT analysis, and developmentsunder the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the payroll & HR solutions & services market.This report also provides a comprehensive ecosystem analysis for the payroll & HR solutions & services market. It explains the various participants including software & third-party vendors, system integrators, and distribution channels within the value chain operating in the market.

Global Payroll & HR Solutions &Services Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the payroll & HR solutions & services market across geographies. Primary interviews are usually conducted on an ongoing basis with industry expertsand participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offerfirsthand information on important factors such as market trends, market size, competitive landscape,growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

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Global Payroll & HR Solutions &Services Market: Competitive Dynamics

The global payroll & HR solutions & services marketreport provides company market share analysis of the various key participants. Some of the key players profiled in the report include Automatic Data Processing, Inc. (ADP), Paycor, Inc., Paycom Software, Inc., TMF Group Holding B.V., SAP SE, Sage Group plc., Paychex, Inc., Ramco Systems Limited, Kronos Incorporated , Paylocity Corporation, Ultimate Software Group, Oracle Corporation, Jobvite, Inc.,Intuit Inc., and TriNet Group, Inc. among others.

The payroll & HR solutions & services market has been segmented as below:

Market Segmentation:Global Payroll & HR Solutions &Services Market

By Deployment

Cloud

On-Premise

Hybrid

By Enterprise Size

Small & Medium Enterprises (SME’s)

Large Enterprises

By Solution

Software

Suite

Standalone

Payroll and Compensation Management

Time and Attendance Management

Compliance Management

Workforce Management

Claims Administration

Employee Benefits Management

Hire Management

Others

Services

By Industry Vertical

Services

BFSI

Government

Healthcare

Manufacturing

Retail

Telecom & IT

Transportation & Logistics

Others

In addition, the report provides analysis of the payroll & HR solutions & services market with respect to the following geographic segments:

North America

The U.S.

Canada

Rest of North America

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific (APAC)

China

India

Japan

Rest of Asia Pacific

Middle East & Africa (MEA)

Saudi Arabia

UAE

Turkey

Rest of Middle East

South America

Brazil

Argentina

Chile

Rest of Latin America

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