Press release
Global Cloud-based Payroll Software Market Become Dominant At CAGR Of 12.09% By 2021
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts.
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Payroll software automates, organizes, and simplifies complex compensation planning and enables managers to improve budget allocations, increase accuracy, and align compensation decisions with organizational guidelines. Enterprises are implementing payroll software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. Cloud-based payroll software is being installed by companies as it is economical and improves the efficiency of the compensation and review processes. The growing acceptance of cloud-based payroll software can be attributed to its advantages over the traditional payroll process. Cloud-based payroll software enables organizations to access data and services remotely through a web-browser without installing and managing application software. Cloud-based payroll software also provides flexibility in the deployment and has a short implementation time. This reduces implementation cost and improves the return on investment. One of the main benefits of cloud-based payroll software is the ability to access it from anywhere.
Technavios analysts forecast the global cloud-based payroll software market to grow at a CAGR of 12.09% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global cloud-based payroll software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cloud-based payroll software subscription, maintenance and support, installation, customization, and training.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Cloud-based Payroll Software Market 2017-2021, 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
CoreHR
Oracle
Paychex
SAP Success Factors
Ultimate Software
Workday
Other prominent vendors
Aditro
Advanced
Affinity
Ascentis
BenefitMall
beqom
Ceridian HCM
CloudPay
Datacom Group
Execupay
Gusto
iAdmin
IRIS Software Group
Paycom
Payroo
Sage (UK)
SmartPayroll Australia Pty
Market driver
Reduction in TCO
For a full, detailed list, view our report
Market challenge
Concerns regarding data security
For a full, detailed list, view our report
Market trend
Rising demand for integrated HCM solutions
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 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?
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