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Cloud-based Payroll Software Market Competitive Landscape, Strategic Assessment and Forecast Till 2025
Cloud-based Payroll Software Market
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Summary
Market Overview: Payroll Software organize, automates and simplifies complex compensation planning and allows managers to improve budget allocations, increase accuracy, and align compensation decisions with organizational guidelines. It is being installed by companies as it is economical and improves the efficiency of the compensation and review processes. Some of the key players profiled in the study are ADP (United States) , Oracle (United States) , Paychex (United States) , Epicor (United States) , Pay Focus (United States) , Sage HRMS (United States) , BambooHR Software (United States) , Success Factors (United States) , UltiPro (United States) , SAP Success Factors (United States) , Ultimate Software (United States) , Workday Inc. (United States) , Ascentis (California) , CoreHR (Ireland) and Hologen Software Inc. (U.A.E).
Market Dynamics
Market Trend
Rising demand for integrated HCM solutions
Increasing accessibility to mobile applications
Market Drivers
Reduction in TCO
Rise in adoption of digital HR technology
Challenges
Data Privacy and Security concern
The following are the major objectives of the study
• To define, describe, and forecast the Global Cloud-based Payroll Software market on the basis of product [Free and Open-Source Software and Non-Free Software] , application [Government Sector , Defense Sector , Education and Academia Sectors , BFSI Sector and IT Sector], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Cloud-based Payroll Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Cloud-based Payroll Software industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
While framing the research framework, major and emerging players operating in the Cloud-based Payroll Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
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Table of Contents
1 Market Overview
1.1 Cloud-based Payroll Software Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2013-2023)
1.4.1.2 Canada Market States and Outlook (2013-2023)
1.4.1.3 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2013-2023)
1.4.2.2 France Market States and Outlook (2013-2023)
1.4.2.3 UK Market States and Outlook (2013-2023)
1.4.2.4 Russia Market States and Outlook (2013-2023)
1.4.2.5 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
....Continued
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