Market Research : Cloud-based Payroll Software Market Globally Grow at a CAGR of 6.94% by Revenue During the Period 2017-2020

Albany, New York, June 14, 2017 : In HR, the payroll department is critical as employees are sensitive to payroll errors and irregularities. The key task of the payroll department is to ensure that all the employees are paid accurately and appropriately after the correct deductions. In addition, with the use of the payroll software, the HR team can track the number of hours each employee has worked, which is used to calculate the salary compensation.

Technavios analysts forecast the global cloud-based payroll software market to grow at a CAGR of 6.94% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global cloud-based payroll software market for 2016-2020. To calculate the market size, the report provides a list of leading global vendors that provide global cloud-based payroll software.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Cloud-Based Payroll Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
ADP
BenefitMall
Ceridian HCM
CloudPay
CoreHR
Gusto
Intuit
Oracle
Paychex
SAP SuccessFactors
Ultimate Software
Workday
Zenefits

Other prominent vendors
AmCheck
Automatic Payroll Systems
IRIS Software
Interlogic Outsourcing
MyPayrollHR
Namely
Patriot Software
Sage Group
Telepayroll

Market driver
Advantages of cloud over on-premises solutions.
For a full, detailed list, view our report

Market challenge
Stabilizing domestic HR processes with global HR standards.
For a full, detailed list, view our report

Market trend
Strategic decision-making using HR analytics.
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.