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Benefits Administration Software-Global Market Insights and Sales Trends 2024

Benefits Administration Software-Global Market Insights and Sales Trends 2024

Publishing Date : Nov, 2023

License Type :
 

Report Code : 1826687

No of Pages : 113

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Synopsis

Benefits administration is the process of establishing, maintaining, and managing benefits for the employees of an organization. Employee benefits typically include medical insurance, pension plans, individual retirement accounts (IRAs), vacation time, sick time, and maternity leave. Numerous vendors offer software that can assist benefits administrators.

The global Benefits Administration Software market size is expected to reach US$ 1541 million by 2029, growing at a CAGR of 8.1% from 2023 to 2029. The market is mainly driven by the significant applications of Benefits Administration Software in various end use industries. The expanding demands from the Small Business, Medium-Sized Business and Large Business,, are propelling Benefits Administration Software market. On-Premise, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cloud-Based segment is estimated at % CAGR for the next seven-year period.

The major manufacturers in this industry include ADP, Benefitfocus and Ceridian, whose revenue accounts for 19.91%, 16.9% and 9.34% respectively in 2018. By region, the U.S. has the highest share of regional income, at about 57% in 2019.

Report Objectives

This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Benefits Administration Software, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Benefits Administration Software market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Benefits Administration Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Benefits Administration Software sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Benefits Administration Software covered in this report include ADP, Workday, WEX Health, Benefitfocus, bswift, Namely, Zenefits, Paycom and EmpowerHR/Pay, etc.

The global Benefits Administration Software market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

  • ADP
  • Workday
  • WEX Health
  • Benefitfocus
  • bswift
  • Namely
  • Zenefits
  • Paycom
  • EmpowerHR/Pay
  • Ceridian
  • PlanSource
  • Paycor
  • Gusto
  • BambooHR
  • BreatheHR
  • Zane Benefits

Global Benefits Administration Software market, by region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, etc.)
  • Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
  • South America (Brazil, etc.)
  • Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Benefits Administration Software market, Segment by Type:

  • On-Premise
  • Cloud-Based

Global Benefits Administration Software market, by Application

  • Small Business
  • Medium-Sized Business
  • Large Business

Core Chapters

Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter Four: Detailed analysis of Benefits Administration Software companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Research Finding/Conclusion

Index

1 Market Overview of Benefits Administration Software

1.1 Benefits Administration Software Market Overview

1.1.1 Benefits Administration Software Product Scope

1.1.2 Benefits Administration Software Market Status and Outlook

1.2 Global Benefits Administration Software Market Size Overview by Region 2018 VS 2022 VS 2029

1.3 Global Benefits Administration Software Market Size by Region (2018-2029)

1.4 Global Benefits Administration Software Historic Market Size by Region (2018-2023)

1.5 Global Benefits Administration Software Market Size Forecast by Region (2024-2029)

1.6 Key Regions, Benefits Administration Software Market Size (2018-2029)

1.6.1 North America Benefits Administration Software Market Size (2018-2029)

1.6.2 Europe Benefits Administration Software Market Size (2018-2029)

1.6.3 Asia-Pacific Benefits Administration Software Market Size (2018-2029)

1.6.4 Latin America Benefits Administration Software Market Size (2018-2029)

1.6.5 Middle East & Africa Benefits Administration Software Market Size (2018-2029)

2 Benefits Administration Software Market by Type

2.1 Introduction

2.1.1 On-Premise

2.1.2 Cloud-Based

2.2 Global Benefits Administration Software Market Size by Type: 2018 VS 2022 VS 2029

2.2.1 Global Benefits Administration Software Historic Market Size by Type (2018-2023)

2.2.2 Global Benefits Administration Software Forecasted Market Size by Type (2024-2029)

2.3 Key Regions Market Size by Type

2.3.1 North America Benefits Administration Software Revenue Breakdown by Type (2018-2029)

2.3.2 Europe Benefits Administration Software Revenue Breakdown by Type (2018-2029)

2.3.3 Asia-Pacific Benefits Administration Software Revenue Breakdown by Type (2018-2029)

2.3.4 Latin America Benefits Administration Software Revenue Breakdown by Type (2018-2029)

2.3.5 Middle East and Africa Benefits Administration Software Revenue Breakdown by Type (2018-2029)

3 Benefits Administration Software Market Overview by Application

3.1 Introduction

3.1.1 Small Business

3.1.2 Medium-Sized Business

3.1.3 Large Business

3.2 Global Benefits Administration Software Market Size by Application: 2018 VS 2022 VS 2029

3.2.1 Global Benefits Administration Software Historic Market Size by Application (2018-2023)

3.2.2 Global Benefits Administration Software Forecasted Market Size by Application (2024-2029)

3.3 Key Regions Market Size by Application

3.3.1 North America Benefits Administration Software Revenue Breakdown by Application (2018-2029)

3.3.2 Europe Benefits Administration Software Revenue Breakdown by Application (2018-2029)

3.3.3 Asia-Pacific Benefits Administration Software Revenue Breakdown by Application (2018-2029)

3.3.4 Latin America Benefits Administration Software Revenue Breakdown by Application (2018-2029)

3.3.5 Middle East and Africa Benefits Administration Software Revenue Breakdown by Application (2018-2029)

4 Benefits Administration Software Competition Analysis by Players

4.1 Global Benefits Administration Software Market Size by Players (2018-2023)

4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Benefits Administration Software as of 2022)

4.3 Date of Key Players Enter into Benefits Administration Software Market

4.4 Global Top Players Benefits Administration Software Headquarters and Area Served

4.5 Key Players Benefits Administration Software Product Solution and Service

4.6 Competitive Status

4.6.1 Benefits Administration Software Market Concentration Rate

4.6.2 Mergers & Acquisitions, Expansion Plans

5 Company (Top Players) Profiles

5.1 ADP

5.1.1 ADP Profile

5.1.2 ADP Main Business

5.1.3 ADP Benefits Administration Software Products, Services and Solutions

5.1.4 ADP Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.1.5 ADP Recent Developments

5.2 Workday

5.2.1 Workday Profile

5.2.2 Workday Main Business

5.2.3 Workday Benefits Administration Software Products, Services and Solutions

5.2.4 Workday Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.2.5 Workday Recent Developments

5.3 WEX Health

5.3.1 WEX Health Profile

5.3.2 WEX Health Main Business

5.3.3 WEX Health Benefits Administration Software Products, Services and Solutions

5.3.4 WEX Health Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.3.5 Benefitfocus Recent Developments

5.4 Benefitfocus

5.4.1 Benefitfocus Profile

5.4.2 Benefitfocus Main Business

5.4.3 Benefitfocus Benefits Administration Software Products, Services and Solutions

5.4.4 Benefitfocus Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.4.5 Benefitfocus Recent Developments

5.5 bswift

5.5.1 bswift Profile

5.5.2 bswift Main Business

5.5.3 bswift Benefits Administration Software Products, Services and Solutions

5.5.4 bswift Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.5.5 bswift Recent Developments

5.6 Namely

5.6.1 Namely Profile

5.6.2 Namely Main Business

5.6.3 Namely Benefits Administration Software Products, Services and Solutions

5.6.4 Namely Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.6.5 Namely Recent Developments

5.7 Zenefits

5.7.1 Zenefits Profile

5.7.2 Zenefits Main Business

5.7.3 Zenefits Benefits Administration Software Products, Services and Solutions

5.7.4 Zenefits Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.7.5 Zenefits Recent Developments

5.8 Paycom

5.8.1 Paycom Profile

5.8.2 Paycom Main Business

5.8.3 Paycom Benefits Administration Software Products, Services and Solutions

5.8.4 Paycom Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.8.5 Paycom Recent Developments

5.9 EmpowerHR/Pay

5.9.1 EmpowerHR/Pay Profile

5.9.2 EmpowerHR/Pay Main Business

5.9.3 EmpowerHR/Pay Benefits Administration Software Products, Services and Solutions

5.9.4 EmpowerHR/Pay Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.9.5 EmpowerHR/Pay Recent Developments

5.10 Ceridian

5.10.1 Ceridian Profile

5.10.2 Ceridian Main Business

5.10.3 Ceridian Benefits Administration Software Products, Services and Solutions

5.10.4 Ceridian Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.10.5 Ceridian Recent Developments

5.11 PlanSource

5.11.1 PlanSource Profile

5.11.2 PlanSource Main Business

5.11.3 PlanSource Benefits Administration Software Products, Services and Solutions

5.11.4 PlanSource Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.11.5 PlanSource Recent Developments

5.12 Paycor

5.12.1 Paycor Profile

5.12.2 Paycor Main Business

5.12.3 Paycor Benefits Administration Software Products, Services and Solutions

5.12.4 Paycor Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.12.5 Paycor Recent Developments

5.13 Gusto

5.13.1 Gusto Profile

5.13.2 Gusto Main Business

5.13.3 Gusto Benefits Administration Software Products, Services and Solutions

5.13.4 Gusto Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.13.5 Gusto Recent Developments

5.14 BambooHR

5.14.1 BambooHR Profile

5.14.2 BambooHR Main Business

5.14.3 BambooHR Benefits Administration Software Products, Services and Solutions

5.14.4 BambooHR Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.14.5 BambooHR Recent Developments

5.15 BreatheHR

5.15.1 BreatheHR Profile

5.15.2 BreatheHR Main Business

5.15.3 BreatheHR Benefits Administration Software Products, Services and Solutions

5.15.4 BreatheHR Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.15.5 BreatheHR Recent Developments

5.16 Zane Benefits

5.16.1 Zane Benefits Profile

5.16.2 Zane Benefits Main Business

5.16.3 Zane Benefits Benefits Administration Software Products, Services and Solutions

5.16.4 Zane Benefits Benefits Administration Software Revenue (US$ Million) & (2018-2023)

5.16.5 Zane Benefits Recent Developments

6 North America

6.1 North America Benefits Administration Software Market Size by Country (2018-2029)

6.2 U.S.

6.3 Canada

7 Europe

7.1 Europe Benefits Administration Software Market Size by Country (2018-2029)

7.2 Germany

7.3 France

7.4 U.K.

7.5 Italy

7.6 Russia

7.7 Nordic Countries

7.8 Rest of Europe

8 Asia-Pacific

8.1 Asia-Pacific Benefits Administration Software Market Size by Region (2018-2029)

8.2 China

8.3 Japan

8.4 South Korea

8.5 Southeast Asia

8.6 India

8.7 Australia

8.8 Rest of Asia-Pacific

9 Latin America

9.1 Latin America Benefits Administration Software Market Size by Country (2018-2029)

9.2 Mexico

9.3 Brazil

9.4 Rest of Latin America

10 Middle East & Africa

10.1 Middle East & Africa Benefits Administration Software Market Size by Country (2018-2029)

10.2 Turkey

10.3 Saudi Arabia

10.4 UAE

10.5 Rest of Middle East & Africa

11 Benefits Administration Software Market Dynamics

11.1 Benefits Administration Software Industry Trends

11.2 Benefits Administration Software Market Drivers

11.3 Benefits Administration Software Market Challenges

11.4 Benefits Administration Software Market Restraints

12 Research Finding /Conclusion

13 Methodology and Data Source

13.1 Methodology/Research Approach

13.1.1 Research Programs/Design

13.1.2 Market Size Estimation

13.1.3 Market Breakdown and Data Triangulation

13.2 Data Source

13.2.1 Secondary Sources

13.2.2 Primary Sources

13.3 Disclaimer

13.4 Author List

Published By : QY Research

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