Press release
Payroll Software Market Shaping From Growth To Value : Emerging Players Oracle, BambooHR, SumTotal Systems
Payroll Software Market
List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
SAP (Germany), Oracle (United States), Ultimate software (United States), SumTotal Systems (United States), The Sage Group plc (United Kingdom), Ascentis (United States), SuccessFactors (United States), BambooHR (United States), Intruit (United States), Halogen Software (Canada), Vibe HCM (United States)
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Brief Overview of Payroll Software:
Payroll software, a tool that helps organizations in automating processes relevant to the payment of employee salaries. This type of solution may come in the form of a standalone system or part of an HR software suite. Increasing adoption of payroll automation, streamlined HR processes among others provides a lucrative opportunity in the growth of the very market.
Key Market Trends:
Advent of Hybrid Solution across the Various Industries Globally
Adoption of Mobile and Self-Service Payroll
Opportunities:
Increasing Adoption of Payroll System in Emerging Nations
Availability of Open Source Payroll Software
Market Growth Drivers:
Rapid Growth of Payroll Software in IT Sector
Increasing Adoption Due to Cost-Effective, Generate Payslips and Increase Efficiency and Productivity, among others
Challenges:
Data Security and Privacy Issue Due to Sensitive Data in Third-Party Hands
Segmentation of the Global Payroll Software Market:
by Type (Integrated payroll management, Dedicated payroll management.), Application (Payroll Management, Expense Management, Income Tax & Deductions, Time and Attendance Tracking, Record-Keeping), Deployment Type (Cloud-based, On-premises), Organisation Size (Small & Medium Enterprises, Large Enterprises)
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data - 2016-2021
The base year for estimation - 2021
Estimated Year - 2022
Forecast period** - 2022 to 2027 [** unless otherwise stated]
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Summarized Extracts from TOC of Global Payroll Software Market Study
Chapter 1: Exclusive Summary of the Payroll Software market
Chapter 2: Objective of Study and Research Scope the Payroll Software market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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