Online Payroll Service Market Size, Share, Trends, Regional Analysis and Forecast 2027 | Players OnPay, Gusto, SurePayroll, Intuit, ADP, AmCheck, APS, BenefitMall, Big Fish Payroll Services, Fuse Workforce Management, GetPayroll, IOIPay, MyPayrollHR, Payc

The Global Online Payroll Service Market: 2020 Industry Report is a professional and in-depth study on the current state of the Online Payroll Service Market by SMI. The Online Payroll Service market is supposed to demonstrate considerable growth during the forecast period of 2020-2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue, and CAGR values have been studied completely in the report. The scope of this Online Payroll Service market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analyzed in this report.

Majority of organizations have adopted online payroll services due to several advantages of these services over the conventional in-house payroll system. Online payroll services offer increased efficiency in terms of calculating time and attendance information and tax and benefit withholdings. It also offers improved labor management and decreased potential for errors. Moreover, employees can access historical and current payroll data using mobile devices and defined login information using online payroll services. Such benefits are expected to propel growth of the global online payroll services market over the forecast period..

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o Table of Contents (Scope covered as a part of the study)
o Top players in the market
o Research framework (presentation)
o Research methodology adopted by Stratagem Market Insights]

Increasing labor force worldwide is expected to boost growth of the global online payroll services market over the forecast period. For instance, according to data derived from the International Labor Organization, ILOSTAT database, and World Bank, the global labor force reached 3.489 billion in 2019 from 3.148 billion in 2010. Moreover, increasing the adoption of cloud in online payroll services is also expected to aid in growth of the market. For instance, in February 2020, Ceridian, a human capital management technology company based in the U.S., announced to expand its flagship payroll service Dayforce, a payroll cloud platform, in New Zealand.

However, low awareness and adoption of online payroll services in emerging and underdeveloped economies is expected to hinder growth of the global online payroll services market to some extent. This low adoption can be attributed to several factors such as the low rate of literacy and digitalization in these economies. Moreover, security concerns regarding sensitive information about employees and accountability for compliance issues are some of the other factors that may limit the adoption of online payroll services.

The key factors that drive the growth of the market are the high demand for low-cost shipping, the ability to identify customers' needs and respond quickly with logistics solutions. Trends such as the high demand for integrated services further propel market growth. Generally, freight forwarders provide customers with a wide range of integrated services, which not only includes the usual transport of cargo from source to destination, but also a host of other services. Moreover, a rise in trade agreements between nations also helps increase the market growth. However, an increase in reshoring and nearshoring manufacturing hinders the market growth. Irrespective of challenges, the increasing trend of intermodal freight transportation will further boost the market growth in the future.

Competitive Analysis:

The report covers major players operating in the Online Payroll Service market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities.

Manufacturer Detail:

o OnPay
o Gusto
o SurePayroll
o Intuit
o ADP
o AmCheck
o APS
o BenefitMall
o Big Fish Payroll Services
o Fuse Workforce Management
o GetPayroll
o IOIPay
o MyPayrollHR
o Patriot Software
o Paychex
o Paycor
o Paylocity
o PrimePay
o Sage
o Wagepoint

Type Segmentation:

By the Product Type, the market is primarily segmented into:

o On-premise
o Cloud Based

By the Applications, the market is segmented into:

o Payroll Processing
o Payroll Tax
o New Hire Reporting
o Pay Options
o Employee Self-Service
o HR Features
o Other

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The key strategic developments of the Online Payroll Service market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Online Payroll Service market on a global and regional basis. The study provides a decisive view on the Online Payroll Service market by segmenting the market based on product, end-user, and regions. All the segments have been analyzed based on present and future trends and the Online Payroll Service market is estimated from 2020 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.

Online Payroll Service Market: Regional Analysis

o North America: USA, Canada, and Mexico, etc.
o Asia-Pacific: China, Japan, Korea, India, and Southeast Asia
o The Middle East and Africa: Saudi Arabia, the UAE, Egypt, Turkey, Nigeria, and South Africa
o Europe: Germany, France, the UK, Russia, and Italy
o South America: Brazil, Argentina, Columbia, etc.

Global Online Payroll Service Market Report includes Detailed TOC points:

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Online Payroll Service Market
2 Market Segmentation
3 Market Overview
3.1 Rising Government Initiatives
3.2 Strategic Initiative By Market Players
4 Executive Summaries
5 Premium Insights
6 Regulatory Procedure
7 Global Online Payroll Service Market, By Type
8 Global Online Payroll Service Market, by Application
9 Global Online Payroll Service Market, By Deployment
10 Global Online Payroll Service Market, By End User
11 Global Online Payroll Service Market, By Distribution Channel
12 Global Online Payroll Service Market, Company Landscape
13 Company Profile
13.1 Company Snapshot
13.2 Revenue Analysis
13.3 Company Share Analysis
13.4 Product Portfolio

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