Benefits Administration Software Market to 2025 (8.0% CAGR Expected) Top Player Profiles – ADP, Workday, WEX Health, Benefitfocus, bswift, Namely, Zenefits, Paycom, EmpowerHR/Pay, Ceridian, PlanSource and More

This report studies the Benefits Administration Software market, Benefits administration is the process of establishing, maintaining, and managing benefits for the employees of an organization. Employee benefits typically include medical insurance, pension plans, individual retirement accounts (IRAs), vacation time, sick time, and maternity leave. Numerous vendors offer software that can assist benefits administrators.

A good benefits administration program creates and maintains an enrolment profile for every employee, keeping track of information such as the date hired, marital status, number of dependents, total hours worked, and attendance records. The program offers flexibility, taking into account special employee needs, part-time and temporary hires, and changes in government regulations. The benefits administration program can function in tandem with tax preparation software, ensuring that all allowable deductions are taken and maintaining detailed records for reference in case of an audit.

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Benefits Administration Software can be classified to cloud-based and on-promise type, and the cloud-based type is leading the growing market at present with the share of 57.06% in 2017.

Benefits Administration Software is mainly used for three applications: Small Business, Medium-sized Business and Large Business. And Large Business was the most widely used area which took up about 48.23% of the global total in 2017.

United States is the largest consumption countries of Benefits Administration Software in the world in the past few years and it will keep increasing in the next few years. United States market took up about 57.82% the global market in 2017, while Europe was about 15.99%.

The global Benefits Administration Software market is valued at 650 million USD in 2018 and is expected to reach 1030 million USD by the end of 2024, growing at a CAGR of 8.0% between 2019 and 2024.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Benefits Administration Software.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.

This report studies the Benefits Administration Software market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Benefits Administration Software market by product type and applications/end industries.

Market Segment by Companies, this report covers ADP, Workday, WEX Health, Benefitfocus, bswift, Namely, Zenefits, Paycom, EmpowerHR/Pay, Ceridian, PlanSource, Paycor, Gusto, BambooHR, BreatheHR, Zane Benefits

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Table of Contents
1 Benefits Administration Software Market Overview
1.1 Product Overview and Scope of Benefits Administration Software
1.2 Classification of Benefits Administration Software by Types
1.2.1 Global Benefits Administration Software Revenue Comparison by Types (2019-2024)
1.2.2 Global Benefits Administration Software Revenue Market Share by Types in 2018
1.2.3 On-Premise
1.2.4 Cloud-Based
1.3 Global Benefits Administration Software Market by Application
1.3.1 Global Benefits Administration Software Market Size and Market Share Comparison by Applications (2014-2024)
1.3.2 Small Business
1.3.3 Medium-sized Business
1.3.4 Large Business
1.4 Global Benefits Administration Software Market by Regions
1.4.1 Global Benefits Administration Software Market Size (Million USD) Comparison by Regions (2014-2024)
1.4.1 North America (USA, Canada and Mexico) Benefits Administration Software Status and Prospect (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Benefits Administration Software Status and Prospect (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Benefits Administration Software Status and Prospect (2014-2024)
1.4.4 South America (Brazil, Argentina, Colombia) Benefits Administration Software Status and Prospect (2014-2024)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Benefits Administration Software Status and Prospect (2014-2024)
1.5 Global Market Size of Benefits Administration Software (2014-2024)
2 Manufacturers Profiles
2.1 ADP
2.1.1 Business Overview
2.1.2 Benefits Administration Software Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 ADP Benefits Administration Software Revenue, Gross Margin and Market Share (2017-2018)
2.2 Workday
2.2.1 Business Overview
2.2.2 Benefits Administration Software Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Workday Benefits Administration Software Revenue, Gross Margin and Market Share (2017-2018)
2.3 WEX Health
2.3.1 Business Overview
2.3.2 Benefits Administration Software Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B

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