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Cloud-based Payroll Software-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Cloud-based Payroll Software market size is expected to reach US$ 10830 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Cloud-based Payroll Software in various end use industries. The expanding demands from the SMEs and Large Enterprises, are propelling Cloud-based Payroll Software market. Business Software, 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 ERP Software segment is estimated at % CAGR for the next seven-year period.
According to the report, one of the major drivers for this market is Reduction in TCO. For traditional on-site security software, TCO includes a high upfront software license cost and software implementation cost coupled with a high maintenance cost. In the case of cloud, cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration. In addition, the pricing model of cloud-based payroll software is based on the pay-per-use model, where customers pay according to their use of the services, as opposed to a traditional on-site model that requires a one-time substantial capital investment and ongoing operational costs.
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 Cloud-based Payroll 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 Cloud-based Payroll 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 Cloud-based Payroll Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cloud-based Payroll 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 Cloud-based Payroll Software covered in this report include ADP, CoreHR, Oracle, Paychex, SAP Success Factors, Ultimate Software, Workday, Aditro and Advanced, etc.
The global Cloud-based Payroll 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
CoreHR
Oracle
Paychex
SAP Success Factors
Ultimate Software
Workday
Aditro
Advanced
Affinity
Ascentis
BenefitMall
beqom
Ceridian HCM
CloudPay
Datacom
Execupay
Gusto
iAdmin
IRIS Software
Paycom
Payroo
Sage (UK)
SmartPayroll Australia
Global Cloud-based Payroll 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 Cloud-based Payroll Software market, Segment by Type:
Business Software
Cloud ERP Software
Services Automation
Global Cloud-based Payroll Software market, by Application
SMEs
Large Enterprises
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 Cloud-based Payroll 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
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.
The global Cloud-based Payroll Software market size is expected to reach US$ 10830 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029. The market is mainly driven by the significant applications of Cloud-based Payroll Software in various end use industries. The expanding demands from the SMEs and Large Enterprises, are propelling Cloud-based Payroll Software market. Business Software, 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 ERP Software segment is estimated at % CAGR for the next seven-year period.
According to the report, one of the major drivers for this market is Reduction in TCO. For traditional on-site security software, TCO includes a high upfront software license cost and software implementation cost coupled with a high maintenance cost. In the case of cloud, cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration. In addition, the pricing model of cloud-based payroll software is based on the pay-per-use model, where customers pay according to their use of the services, as opposed to a traditional on-site model that requires a one-time substantial capital investment and ongoing operational costs.
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 Cloud-based Payroll 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 Cloud-based Payroll 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 Cloud-based Payroll Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cloud-based Payroll 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 Cloud-based Payroll Software covered in this report include ADP, CoreHR, Oracle, Paychex, SAP Success Factors, Ultimate Software, Workday, Aditro and Advanced, etc.
The global Cloud-based Payroll 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
CoreHR
Oracle
Paychex
SAP Success Factors
Ultimate Software
Workday
Aditro
Advanced
Affinity
Ascentis
BenefitMall
beqom
Ceridian HCM
CloudPay
Datacom
Execupay
Gusto
iAdmin
IRIS Software
Paycom
Payroo
Sage (UK)
SmartPayroll Australia
Global Cloud-based Payroll 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 Cloud-based Payroll Software market, Segment by Type:
Business Software
Cloud ERP Software
Services Automation
Global Cloud-based Payroll Software market, by Application
SMEs
Large Enterprises
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 Cloud-based Payroll 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
Index1 Market Overview of Cloud-based Payroll Software
1.1 Cloud-based Payroll Software Market Overview
1.1.1 Cloud-based Payroll Software Product Scope
1.1.2 Cloud-based Payroll Software Market Status and Outlook
1.2 Global Cloud-based Payroll Software Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Cloud-based Payroll Software Market Size by Region (2018-2029)
1.4 Global Cloud-based Payroll Software Historic Market Size by Region (2018-2023)
1.5 Global Cloud-based Payroll Software Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Cloud-based Payroll Software Market Size (2018-2029)
1.6.1 North America Cloud-based Payroll Software Market Size (2018-2029)
1.6.2 Europe Cloud-based Payroll Software Market Size (2018-2029)
1.6.3 Asia-Pacific Cloud-based Payroll Software Market Size (2018-2029)
1.6.4 Latin America Cloud-based Payroll Software Market Size (2018-2029)
1.6.5 Middle East & Africa Cloud-based Payroll Software Market Size (2018-2029)
2 Cloud-based Payroll Software Market by Type
2.1 Introduction
2.1.1 Business Software
2.1.2 Cloud ERP Software
2.1.3 Services Automation
2.2 Global Cloud-based Payroll Software Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Cloud-based Payroll Software Historic Market Size by Type (2018-2023)
2.2.2 Global Cloud-based Payroll Software Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Cloud-based Payroll Software Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Cloud-based Payroll Software Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Cloud-based Payroll Software Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Cloud-based Payroll Software Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Cloud-based Payroll Software Revenue Breakdown by Type (2018-2029)
3 Cloud-based Payroll Software Market Overview by Application
3.1 Introduction
3.1.1 SMEs
3.1.2 Large Enterprises
3.2 Global Cloud-based Payroll Software Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Cloud-based Payroll Software Historic Market Size by Application (2018-2023)
3.2.2 Global Cloud-based Payroll Software Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Cloud-based Payroll Software Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Cloud-based Payroll Software Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Cloud-based Payroll Software Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Cloud-based Payroll Software Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Cloud-based Payroll Software Revenue Breakdown by Application (2018-2029)
4 Cloud-based Payroll Software Competition Analysis by Players
4.1 Global Cloud-based Payroll 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 Cloud-based Payroll Software as of 2022)
4.3 Date of Key Players Enter into Cloud-based Payroll Software Market
4.4 Global Top Players Cloud-based Payroll Software Headquarters and Area Served
4.5 Key Players Cloud-based Payroll Software Product Solution and Service
4.6 Competitive Status
4.6.1 Cloud-based Payroll 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 Cloud-based Payroll Software Products, Services and Solutions
5.1.4 ADP Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.1.5 ADP Recent Developments
5.2 CoreHR
5.2.1 CoreHR Profile
5.2.2 CoreHR Main Business
5.2.3 CoreHR Cloud-based Payroll Software Products, Services and Solutions
5.2.4 CoreHR Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.2.5 CoreHR Recent Developments
5.3 Oracle
5.3.1 Oracle Profile
5.3.2 Oracle Main Business
5.3.3 Oracle Cloud-based Payroll Software Products, Services and Solutions
5.3.4 Oracle Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.3.5 Paychex Recent Developments
5.4 Paychex
5.4.1 Paychex Profile
5.4.2 Paychex Main Business
5.4.3 Paychex Cloud-based Payroll Software Products, Services and Solutions
5.4.4 Paychex Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.4.5 Paychex Recent Developments
5.5 SAP Success Factors
5.5.1 SAP Success Factors Profile
5.5.2 SAP Success Factors Main Business
5.5.3 SAP Success Factors Cloud-based Payroll Software Products, Services and Solutions
5.5.4 SAP Success Factors Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.5.5 SAP Success Factors Recent Developments
5.6 Ultimate Software
5.6.1 Ultimate Software Profile
5.6.2 Ultimate Software Main Business
5.6.3 Ultimate Software Cloud-based Payroll Software Products, Services and Solutions
5.6.4 Ultimate Software Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.6.5 Ultimate Software Recent Developments
5.7 Workday
5.7.1 Workday Profile
5.7.2 Workday Main Business
5.7.3 Workday Cloud-based Payroll Software Products, Services and Solutions
5.7.4 Workday Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.7.5 Workday Recent Developments
5.8 Aditro
5.8.1 Aditro Profile
5.8.2 Aditro Main Business
5.8.3 Aditro Cloud-based Payroll Software Products, Services and Solutions
5.8.4 Aditro Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.8.5 Aditro Recent Developments
5.9 Advanced
5.9.1 Advanced Profile
5.9.2 Advanced Main Business
5.9.3 Advanced Cloud-based Payroll Software Products, Services and Solutions
5.9.4 Advanced Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.9.5 Advanced Recent Developments
5.10 Affinity
5.10.1 Affinity Profile
5.10.2 Affinity Main Business
5.10.3 Affinity Cloud-based Payroll Software Products, Services and Solutions
5.10.4 Affinity Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.10.5 Affinity Recent Developments
5.11 Ascentis
5.11.1 Ascentis Profile
5.11.2 Ascentis Main Business
5.11.3 Ascentis Cloud-based Payroll Software Products, Services and Solutions
5.11.4 Ascentis Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.11.5 Ascentis Recent Developments
5.12 BenefitMall
5.12.1 BenefitMall Profile
5.12.2 BenefitMall Main Business
5.12.3 BenefitMall Cloud-based Payroll Software Products, Services and Solutions
5.12.4 BenefitMall Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.12.5 BenefitMall Recent Developments
5.13 beqom
5.13.1 beqom Profile
5.13.2 beqom Main Business
5.13.3 beqom Cloud-based Payroll Software Products, Services and Solutions
5.13.4 beqom Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.13.5 beqom Recent Developments
5.14 Ceridian HCM
5.14.1 Ceridian HCM Profile
5.14.2 Ceridian HCM Main Business
5.14.3 Ceridian HCM Cloud-based Payroll Software Products, Services and Solutions
5.14.4 Ceridian HCM Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.14.5 Ceridian HCM Recent Developments
5.15 CloudPay
5.15.1 CloudPay Profile
5.15.2 CloudPay Main Business
5.15.3 CloudPay Cloud-based Payroll Software Products, Services and Solutions
5.15.4 CloudPay Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.15.5 CloudPay Recent Developments
5.16 Datacom
5.16.1 Datacom Profile
5.16.2 Datacom Main Business
5.16.3 Datacom Cloud-based Payroll Software Products, Services and Solutions
5.16.4 Datacom Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.16.5 Datacom Recent Developments
5.17 Execupay
5.17.1 Execupay Profile
5.17.2 Execupay Main Business
5.17.3 Execupay Cloud-based Payroll Software Products, Services and Solutions
5.17.4 Execupay Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.17.5 Execupay Recent Developments
5.18 Gusto
5.18.1 Gusto Profile
5.18.2 Gusto Main Business
5.18.3 Gusto Cloud-based Payroll Software Products, Services and Solutions
5.18.4 Gusto Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.18.5 Gusto Recent Developments
5.19 iAdmin
5.19.1 iAdmin Profile
5.19.2 iAdmin Main Business
5.19.3 iAdmin Cloud-based Payroll Software Products, Services and Solutions
5.19.4 iAdmin Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.19.5 iAdmin Recent Developments
5.20 IRIS Software
5.20.1 IRIS Software Profile
5.20.2 IRIS Software Main Business
5.20.3 IRIS Software Cloud-based Payroll Software Products, Services and Solutions
5.20.4 IRIS Software Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.20.5 IRIS Software Recent Developments
5.21 Paycom
5.21.1 Paycom Profile
5.21.2 Paycom Main Business
5.21.3 Paycom Cloud-based Payroll Software Products, Services and Solutions
5.21.4 Paycom Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.21.5 Paycom Recent Developments
5.22 Payroo
5.22.1 Payroo Profile
5.22.2 Payroo Main Business
5.22.3 Payroo Cloud-based Payroll Software Products, Services and Solutions
5.22.4 Payroo Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.22.5 Payroo Recent Developments
5.23 Sage (UK)
5.23.1 Sage (UK) Profile
5.23.2 Sage (UK) Main Business
5.23.3 Sage (UK) Cloud-based Payroll Software Products, Services and Solutions
5.23.4 Sage (UK) Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.23.5 Sage (UK) Recent Developments
5.24 SmartPayroll Australia
5.24.1 SmartPayroll Australia Profile
5.24.2 SmartPayroll Australia Main Business
5.24.3 SmartPayroll Australia Cloud-based Payroll Software Products, Services and Solutions
5.24.4 SmartPayroll Australia Cloud-based Payroll Software Revenue (US$ Million) & (2018-2023)
5.24.5 SmartPayroll Australia Recent Developments
6 North America
6.1 North America Cloud-based Payroll Software Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Cloud-based Payroll 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 Cloud-based Payroll 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 Cloud-based Payroll 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 Cloud-based Payroll 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 Cloud-based Payroll Software Market Dynamics
11.1 Cloud-based Payroll Software Industry Trends
11.2 Cloud-based Payroll Software Market Drivers
11.3 Cloud-based Payroll Software Market Challenges
11.4 Cloud-based Payroll 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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