openPR Logo
Press release

Payroll & HR Solutions & Services Market 2026: Major players Analyzed by Automatic Data Processing, Inc. (ADP), Paycor, Inc., Paycom Software, Inc., TMF Group Holding B.V etc…

Payroll & HR Solutions & Services Market

Payroll & HR Solutions & Services Market

According to a new market report published by BlueWeave Consulting, The Global Payroll & HR Solutions & Services Market was valued at USD 18.3 Billion in 2017 and is expected to expand at a CAGR of 9.5% from 2018 to 2026, reaching USD 43.43 Billion by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the payroll & HR solutions & services market in 2017.

Increasing adoption of cloud-based technologies in enterprises are driving the global payroll & HR solutions & services market
HR payroll and software solution maintains data such as employee information, home address, social security number, financials and others. The software’s ability to provide customized solutions considering the current workforce dynamics exhibits high-growth potential.

HR software helps to improve business management efficiency. This is due to easy integration of the human resources function into other aspects of business management. Most HR software has modules that can be included or not according to Enterprises requirements and it is also possible to link an external software such as accounting and other reporting software to streamline all aspects of business management. HR software solution also improves Enterprise’s security by reducing the amount of paperwork and related security risks. These factors are expected to provide efficient management system to the Enterprises

Get PDF Sample of this Market Research Report@ https://bit.ly/2yfZwgg

The key driver for the global payroll & HR solutions & services is increasing adoption of cloud technologies such as SaaS (Software as a Service) technology in enterprises. Demand for cloud based payroll systems is increasing globally. Cloud based HR payroll service and solution provides better access. Moreover, a cloud based service allows business outsourced payroll systems to scale up with employees joining and exiting. Moreover, need for efficient management system further boosts the demand for payroll & HR solutions & services market. Talent management technology is one of the most rapidly changing trends in the global payroll & HR solutions & services market. Around 80% of enterprises are planning to purchase or upgrade their solutions in a talent platform. While enterprises which are using standalone software solutions continue in targeted functional areas that have unique requirements, more than half of the respondents are looking to replace former best-of-breed, highly customized or niche solutions with an integrated talent suite.

Scope of the Report
The global market for payroll & HR solutions & services is segmented on the basis of deployment, enterprise size, solution, industry and geography. On the basis of deployment, the market is segmented into cloud, on premise and hybrid. In 2017, the cloud segment accounted for the largest market share, in terms of revenue of the global payroll & HR solutions & services market. Furthermore, demand for cloud segment is expected to increase during the forecast period. On the basis of enterprise size, the global payroll & HR solutions & services market is bisected into small & medium enterprises and large enterprise. Based on solution, the global payroll & HR solutions & services 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 vertical, the market is divided into banking, financial services, and insurance (BFSI), government, healthcare, manufacturing, retail, telecom and IT, transportation and logistics and others.

Geographically, the global payroll & HR solutions & services market is bifurcated into North America, Asia Pacific, Europe, South America, and Middle East & Africa. North America is a major contributor to the global market and is fueled by the presence of a large number of HR solution providers in the region. However, presence of several emerging economies such as China, India, and South Korea are expected to drive the Asia Pacific market. The growth in Asia Pacific can be attributed to increasing government initiatives supporting the digitization of business processes and adoption of cloud-based systems.

Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global payroll & HR solutions & services market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Competitive Dynamics
Major industry players in payroll & HR solutions & services market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product development. For instance, In May 2016, TMF Group has acquired Swain & Associates Inc., service provider of HR & payroll and accounting & tax, based in Toronto, Canada. The global payroll & HR solutions & services market includes key players such 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 , Paycom Software, Inc., Paylocity Corporation, Ultimate Software Group, Oracle Corporation, Jobvite, Inc., Intuit Inc., TriNet Group, Inc. and among others.

Get Full Access of this Market Research Report@ https://bit.ly/2xMZGw9

Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Phone Number: 18666586826

About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

GD-69, Sector G, East Kolkata Twp,

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Payroll & HR Solutions & Services Market 2026: Major players Analyzed by Automatic Data Processing, Inc. (ADP), Paycor, Inc., Paycom Software, Inc., TMF Group Holding B.V etc… here

News-ID: 1500542 • Views: 686

More Releases from BlueWeave Consulting & Research Pvt Ltd.

Global Digital Classroom Market 2025 Highlights key business and crucial progres …
According to BlueWeave Consulting, The Global Digital Classroom Market is expected to grow with a significant rate during the forecast period 2019-2025, due to various initiative that are being undertaken by governments across the globe for improving teaching methods, quality of education and infrastructure of educational institutions by introducing the concept of smart classrooms in order to improve the education system. Digital Classroom provides a different range of occasions for learners
Electronic Map Market is expected to grow USD 29.4 billion by the year 2024, at …
According to BlueWeave Consulting, the Global Electronic Map Market is anticipated to grow at a steady rate during the forecast period. The Global Electronic Map Market size is expected to grow from USD 13.9 billion in 2019 to USD 29.4 billion by the year 2024, at a CAGR of 16.2% during the forecast period 2019 to 2024. Electronic or digital cartography has been increasingly expanding consideration as of late inferable
Global Ecommerce Platform Market on the basis of Usability, Technology, Procedur …
According to BlueWeave Consulting, the Global Ecommerce Platform market is expected to grow at a significant rate during the forecast period. The Global Ecommerce Platform market was valued at xx million US$ and it is projected to reach the valuation of xx million US$ by the end of the year 2025, by growing at a CAGR of xx% during the forecast period 2019- 2025. The market is growing due to
Global Distributed Energy Storage System (DESS) Market Trends, Share, Size, Grow …
According to BlueWeave Consulting, the Global Distributed Energy Storage System (DESS) Market is expected to grow at a significant rate during the forecast period. The Global Distributed Energy Storage System (DESS) Market is projected to reach the valuation of USD million by the year 2019, by growing at a CAGR of xx.xx% during the forecast period 2019-2025. The market is growing owing to various factors. The report gives an essential

All 5 Releases


More Releases for Payroll

Tax Reform Legislation Impacts of Payroll
Edupliance announces webinar titled, “Tax Reform Legislation Impacts of Payroll” attendees will understand about Tax reform what changes have already happened and what is still coming. The event goes LIVE on Wednesday, July 11, from 12:00 PM to 01:00 PM, EST / 9:00 AM to 1:00 AM PST. On December 22, President Trump signed H.R. 1, also known as the Tax Cuts and Jobs Act, into law. The legislation, which
Online Payroll Management System India
Online Payroll Management System India The Online payroll management system available in India provides the best solution to online management of payrolls and attendance. The organizations that have installed this system can avoid the complications on account of the payroll software and moreover they can be free of the cumbersome statutory calculations. The online system is free of location barriers. The users of the system can run the same at any location
BenefitMall Celebrates National Payroll Week
Dallas) September 2, 2013 – BenefitMall®, the leading provider of the nation’s largest portfolio of employee benefits, HR and payroll products and services, recognizes National Payroll Week (NPW) 2013, which celebrates the hard work by America’s 156 million wage earners and the payroll professionals who disburse their paychecks. BenefitMall recognizes its employees, customers and the industry. National Payroll Week was started by the APA (American Payroll Association) in 1996 to recognize
Payroll Software Company Supports Care to Learn
Gatekeeper Business Solutions, a leading provider of payroll software announces support of Christian County Care to Learn Battle of the Banks. Care to Learn provides immediate funding and action to meet any emergent health, hunger, or hygiene issue and restore a child’s self-respect so they can get back in the classroom. A toothbrush, a coat, deodorant, and breakfast; these are basic unmet needs causing pain and embarrassment that stand
Payroll Software Company Hosts Free Educational Webinar
Gatekeeper Business Solutions proprietary labor management system includes time and attendance, integrated payroll, scheduling and data collection devices. The webinar will be held Thursday, March 22nd from 1:00 p.m. – 2:00 p.m. EDT. The time & attendance software will be discussed in detail with an emphasis on Quarter End Reports. Webinar attendees will learn how to run and reconcile critical reports, such as the Quarterly Federal Tax Return, 941’s, Quarterly Reconciliation,
Payroll Software Company Sponsors American Heart Association
Gatekeeper Business Solutions, a payroll software company, announced that it will sponsor participant, Von Scheidler, in the American Heart Association’s Heart Walk. American Heart Association is a non-profit charity that promotes appropriate cardiac care in an effort to reduce disability and deaths caused by cardiovascular disease and stroke. Headquartered in Dallas, Texas, The American Heart Association is a national voluntary health agency whose mission is: “Building healthier lives, free