HR Payroll Software Market to See Huge Growth by 2025 | Kronos, The Sage, Ascentis

A new research document is added in HTF MI database of 200 pages, titled as 'Global HR Payroll Software Market Size study with COVID-19 Impact, by Services (Installation, Up-gradation, Modification, HR shared services and Service activity reports), Deployment (Cloud and On-Premises), by End User (Large scale industry, Medium scale industry and Small scale industry), by Application ( Payroll, Employees, Benefits, Tax filings, Employees records, Performance review, Learning Management, Time & attendance, Leave Management, Reimbursement & loans and Others) and Regional Forecasts 2020-2026' with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, South America, Europe, Asia-Pacific and important players/vendors such as Kronos, The Sage, Ascentis, SAP SuccessFactors etc. The Study will help you gain market insights, upcoming trends and influencing growth prospects for forecast period of 2020-2026

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Summary
Global HR Payroll Software Market is valued approximately at USD 5.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2020-2026. With COVID-19, the scope and scale of business disruption being immense and incredibly challenging, the HR payroll market will face challenges due to temporarily shutdown of all businesses, industry and organizations and work from home. Also, there are companies whose operations are at stake, uncertainty of their business-critical processes. HR Payroll Software is payroll software in which the company will pay the salary to the employees. HR Payroll Software consists of bonus payment, vacation leaves, salary hikes, benefit deduction, recruitment, and firing employees, checklist driven payroll processing in under a minute, accurate reconciliation tools, generate and distribute pay slips. The rising awareness towards its benefit and highly effective for human resource management systems are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and introduction of HR Payroll Software by market key player will create a lucrative demand for this market. For instance: as per Company’s news release in February 2020, Kronos Incorporated and Ultimate Software agreed into a merger agreement for creating innovative human capital management (HCM) and workforce management company to help organization to manage their employees more effectively with an unparalleled combination of cloud solutions. However, data security, cybersecurity, and fraud are the major factor restraining the growth of global HR Payroll Software market during the forecast period.

The regional analysis of global HR Payroll Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high demand for HR Payroll Software solutions by end users in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
Kronos Incorporated, The Sage Group plc, Ascentis Corporation, SAP SuccessFactors, Pay Focus, BambooHR, Kenexa, Ultimate Software, Vibe HCM, Inc., Patriot Software Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service:
Installation
Up-gradation
Modification
HR shared services
Service activity reports

By Deployment:
Cloud
On-Premise
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By End User:
Large scale industry
Medium scale industry
Small scale industry
Others

By Application:
Payroll
Employees Benefits
Tax filings
Employees records
Performance review
Learning Management
Time & attendance
Leave Management
Reimbursement & loans
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global HR Payroll Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1.HR Payroll Software Market, by Region, 2018-2026 (USD Billion)
1.2.2.HR Payroll Software Market, by Service, 2018-2026 (USD Billion)
1.2.3.HR Payroll Software Market, by Deployment, 2018-2026 (USD Billion)
1.2.4.HR Payroll Software Market, by End User, 2018-2026 (USD Billion)
1.2.5.HR Payroll Software Market, by Application, 2018-2026 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Global HR Payroll Software Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Scope of the Study
2.2.2.Industry Evolution
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Global HR Payroll Software Market Dynamics
3.1.HR Payroll Software Market Impact Analysis (2018-2026)
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Global HR Payroll Software Market: Industry Analysis
4.1.Porter’s 5 Force Model
4.1.1.Bargaining Power of Suppliers
4.1.2.Bargaining Power of Buyers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2.PEST Analysis
4.2.1.Political
4.2.2.Economical
4.2.3.Social
4.2.4.Technological
4.3.Investment Adoption Model
4.4.Analyst Recommendation & Conclusion
Chapter 5.Global HR Payroll Software Market, by Service
5.1.Market Snapshot
5.2.Global HR Payroll Software Market by Service, Performance - Potential Analysis
5.3.Global HR Payroll Software Market Estimates & Forecasts by Service 2016-2026 (USD Billion)
5.4.HR Payroll Software Market, Sub Segment Analysis
5.4.1.Installation
5.4.2.Up-gradation
5.4.3.Modification
5.4.4.HR shared services
5.4.5.Service activity reports
Chapter 6.Global HR Payroll Software Market, by Deployment
6.1.Market Snapshot
6.2.Global HR Payroll Software Market by Deployment, Performance - Potential Analysis
6.3.Global HR Payroll Software Market Estimates & Forecasts by Deployment 2016-2026 (USD Billion)
6.4.HR Payroll Software Market, Sub Segment Analysis
6.4.1.Cloud
6.4.2.On-Premise
Chapter 7.Global HR Payroll Software Market, by End User
7.1.Market Snapshot
7.2.Global HR Payroll Software Market by End User, Performance - Potential Analysis
7.3.Global HR Payroll Software Market Estimates & Forecasts by End User 2016-2026 (USD Billion)
7.4.HR Payroll Software Market, Sub Segment Analysis
7.4.1.Large scale industry
7.4.2.Medium scale industry
7.4.3.Small scale industry
7.4.4.Others
Chapter 8.Global HR Payroll Software Market, by Application
8.1.Market Snapshot
8.2.Global HR Payroll Software Market by Application, Performance - Potential Analysis
8.3.Global HR Payroll Software Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
8.4.HR Payroll Software Market, Sub Segment Analysis
8.4.1. Payroll
8.4.2.Employees Benefits
8.4.3.Tax filings
8.4.4.Employees records
8.4.5.Performance review
8.4.6.Learning Management
8.4.7.Time & attendance
8.4.8.Leave Management
8.4.9.Reimbursement & loans
8.4.10.Others
Chapter 9.Global HR Payroll Software Market, Regional Analysis
9.1.HR Payroll Software Market, Regional Market Snapshot
9.2.North America HR Payroll Software Market
9.2.1.U.S. HR Payroll Software Market
9.2.1.1. Service breakdown estimates & forecasts, 2016-2026
9.2.1.2. Deployment breakdown estimates & forecasts, 2016-2026
9.2.1.3. End User breakdown estimates & forecasts, 2016-2026
9.2.1.4. Application breakdown estimates & forecasts, 2016-2026
9.2.2.Canada HR Payroll Software Market
9.3.Europe HR Payroll Software Market Snapshot
9.3.1.U.K. HR Payroll Software Market
9.3.2.Germany HR Payroll Software Market
9.3.3.Rest of Europe HR

....Continued

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