Cloud-based Payroll Software Market Outlook - Leading Players are ADP Inc., Sage Group, Zenefits Software, Kronos Incorporated, Ascentis HR Software, Oracle Corporation
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This report provides a comprehensive analysis of
-Top impacting Growth Factors
-Competitive Analysis of Leading Market Players
-Current and Future Market Trends
-Revenue Estimation by 2023
Secured cloud backup of employee data, ease of system enhancements & updates, and benefits over on-premise solutions drive the global cloud-based payroll software market. However, regulatory compliances and synchronizing domestic HR processes with global HR standards restricts the cloud-based payroll software market growth to a certain extent.
North America dominated the global market in 2016, and is expected to remain dominant during the forecast period. Moreover, the North American vendors are expanding in the emerging countries, such as Brazil, Chile, Argentina, and others. However, Asia-Pacific is expected to grow at the highest CAGR, owing to an increase in the number of SMEs seeking cost-effective solutions for payroll.
The other industries segment led the global market in 2016, and is projected to maintain its dominance during the forecast period. However, the retail industry is expected to witness the highest growth rate of 8.2% in the future. The small & medium enterprises are anticipated to witness the highest growth rate during the forecast period.
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Comprehensive and Competetive Analysis of Dominating Market Players
•Ascentis HR Software
•Paycom Software Inc.
•Ceridian HCM Inc. (Morneau Sheppell Inc.)
•IRIS Software Group Ltd.
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Questions answered in Cloud-based Payroll Software Market research study:
- What is the market growth rate of Cloud-based Payroll Software Market from 2017-2023?
- What will be the global market size of the market from 2017 to 2023?
- Who are the leading global manufacturing companies in the Cloud-based Payroll Software Market?
- What are the major current trends and predicted trends?
- What are the challenges faced in the Cloud-based Payroll Software Market?
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