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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 was valued at US$ 887.7 million in 2023 and is anticipated to reach US$ 1541 million by 2030, witnessing a CAGR of 8.1% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Benefits Administration Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Benefits Administration Software.
Report Scope
The Benefits Administration Software market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Benefits Administration Software market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Benefits Administration Software companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- ADP
- Workday
- WEX Health
- Benefitfocus
- bswift
- Namely
- Zenefits
- Paycom
- EmpowerHR/Pay
- Ceridian
- PlanSource
- Paycor
- Gusto
- BambooHR
- BreatheHR
- Zane Benefits
Segment by Type
- On-Premise
- Cloud-Based
Segment by Application
- Small Business
- Medium-Sized Business
- Large Business
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Benefits Administration Software companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Benefits Administration Software Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 On-Premise
1.2.3 Cloud-Based
1.3 Market by Application
1.3.1 Global Benefits Administration Software Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Small Business
1.3.3 Medium-Sized Business
1.3.4 Large Business
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Benefits Administration Software Market Perspective (2019-2030)
2.2 Benefits Administration Software Growth Trends by Region
2.2.1 Global Benefits Administration Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Benefits Administration Software Historic Market Size by Region (2019-2024)
2.2.3 Benefits Administration Software Forecasted Market Size by Region (2025-2030)
2.3 Benefits Administration Software Market Dynamics
2.3.1 Benefits Administration Software Industry Trends
2.3.2 Benefits Administration Software Market Drivers
2.3.3 Benefits Administration Software Market Challenges
2.3.4 Benefits Administration Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Benefits Administration Software Players by Revenue
3.1.1 Global Top Benefits Administration Software Players by Revenue (2019-2024)
3.1.2 Global Benefits Administration Software Revenue Market Share by Players (2019-2024)
3.2 Global Benefits Administration Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Benefits Administration Software Revenue
3.4 Global Benefits Administration Software Market Concentration Ratio
3.4.1 Global Benefits Administration Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Benefits Administration Software Revenue in 2023
3.5 Benefits Administration Software Key Players Head office and Area Served
3.6 Key Players Benefits Administration Software Product Solution and Service
3.7 Date of Enter into Benefits Administration Software Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Benefits Administration Software Breakdown Data by Type
4.1 Global Benefits Administration Software Historic Market Size by Type (2019-2024)
4.2 Global Benefits Administration Software Forecasted Market Size by Type (2025-2030)
5 Benefits Administration Software Breakdown Data by Application
5.1 Global Benefits Administration Software Historic Market Size by Application (2019-2024)
5.2 Global Benefits Administration Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Benefits Administration Software Market Size (2019-2030)
6.2 North America Benefits Administration Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Benefits Administration Software Market Size by Country (2019-2024)
6.4 North America Benefits Administration Software Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Benefits Administration Software Market Size (2019-2030)
7.2 Europe Benefits Administration Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Benefits Administration Software Market Size by Country (2019-2024)
7.4 Europe Benefits Administration Software Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Benefits Administration Software Market Size (2019-2030)
8.2 Asia-Pacific Benefits Administration Software Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Benefits Administration Software Market Size by Region (2019-2024)
8.4 Asia-Pacific Benefits Administration Software Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Benefits Administration Software Market Size (2019-2030)
9.2 Latin America Benefits Administration Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Benefits Administration Software Market Size by Country (2019-2024)
9.4 Latin America Benefits Administration Software Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Benefits Administration Software Market Size (2019-2030)
10.2 Middle East & Africa Benefits Administration Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Benefits Administration Software Market Size by Country (2019-2024)
10.4 Middle East & Africa Benefits Administration Software Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ADP
11.1.1 ADP Company Detail
11.1.2 ADP Business Overview
11.1.3 ADP Benefits Administration Software Introduction
11.1.4 ADP Revenue in Benefits Administration Software Business (2019-2024)
11.1.5 ADP Recent Development
11.2 Workday
11.2.1 Workday Company Detail
11.2.2 Workday Business Overview
11.2.3 Workday Benefits Administration Software Introduction
11.2.4 Workday Revenue in Benefits Administration Software Business (2019-2024)
11.2.5 Workday Recent Development
11.3 WEX Health
11.3.1 WEX Health Company Detail
11.3.2 WEX Health Business Overview
11.3.3 WEX Health Benefits Administration Software Introduction
11.3.4 WEX Health Revenue in Benefits Administration Software Business (2019-2024)
11.3.5 WEX Health Recent Development
11.4 Benefitfocus
11.4.1 Benefitfocus Company Detail
11.4.2 Benefitfocus Business Overview
11.4.3 Benefitfocus Benefits Administration Software Introduction
11.4.4 Benefitfocus Revenue in Benefits Administration Software Business (2019-2024)
11.4.5 Benefitfocus Recent Development
11.5 bswift
11.5.1 bswift Company Detail
11.5.2 bswift Business Overview
11.5.3 bswift Benefits Administration Software Introduction
11.5.4 bswift Revenue in Benefits Administration Software Business (2019-2024)
11.5.5 bswift Recent Development
11.6 Namely
11.6.1 Namely Company Detail
11.6.2 Namely Business Overview
11.6.3 Namely Benefits Administration Software Introduction
11.6.4 Namely Revenue in Benefits Administration Software Business (2019-2024)
11.6.5 Namely Recent Development
11.7 Zenefits
11.7.1 Zenefits Company Detail
11.7.2 Zenefits Business Overview
11.7.3 Zenefits Benefits Administration Software Introduction
11.7.4 Zenefits Revenue in Benefits Administration Software Business (2019-2024)
11.7.5 Zenefits Recent Development
11.8 Paycom
11.8.1 Paycom Company Detail
11.8.2 Paycom Business Overview
11.8.3 Paycom Benefits Administration Software Introduction
11.8.4 Paycom Revenue in Benefits Administration Software Business (2019-2024)
11.8.5 Paycom Recent Development
11.9 EmpowerHR/Pay
11.9.1 EmpowerHR/Pay Company Detail
11.9.2 EmpowerHR/Pay Business Overview
11.9.3 EmpowerHR/Pay Benefits Administration Software Introduction
11.9.4 EmpowerHR/Pay Revenue in Benefits Administration Software Business (2019-2024)
11.9.5 EmpowerHR/Pay Recent Development
11.10 Ceridian
11.10.1 Ceridian Company Detail
11.10.2 Ceridian Business Overview
11.10.3 Ceridian Benefits Administration Software Introduction
11.10.4 Ceridian Revenue in Benefits Administration Software Business (2019-2024)
11.10.5 Ceridian Recent Development
11.11 PlanSource
11.11.1 PlanSource Company Detail
11.11.2 PlanSource Business Overview
11.11.3 PlanSource Benefits Administration Software Introduction
11.11.4 PlanSource Revenue in Benefits Administration Software Business (2019-2024)
11.11.5 PlanSource Recent Development
11.12 Paycor
11.12.1 Paycor Company Detail
11.12.2 Paycor Business Overview
11.12.3 Paycor Benefits Administration Software Introduction
11.12.4 Paycor Revenue in Benefits Administration Software Business (2019-2024)
11.12.5 Paycor Recent Development
11.13 Gusto
11.13.1 Gusto Company Detail
11.13.2 Gusto Business Overview
11.13.3 Gusto Benefits Administration Software Introduction
11.13.4 Gusto Revenue in Benefits Administration Software Business (2019-2024)
11.13.5 Gusto Recent Development
11.14 BambooHR
11.14.1 BambooHR Company Detail
11.14.2 BambooHR Business Overview
11.14.3 BambooHR Benefits Administration Software Introduction
11.14.4 BambooHR Revenue in Benefits Administration Software Business (2019-2024)
11.14.5 BambooHR Recent Development
11.15 BreatheHR
11.15.1 BreatheHR Company Detail
11.15.2 BreatheHR Business Overview
11.15.3 BreatheHR Benefits Administration Software Introduction
11.15.4 BreatheHR Revenue in Benefits Administration Software Business (2019-2024)
11.15.5 BreatheHR Recent Development
11.16 Zane Benefits
11.16.1 Zane Benefits Company Detail
11.16.2 Zane Benefits Business Overview
11.16.3 Zane Benefits Benefits Administration Software Introduction
11.16.4 Zane Benefits Revenue in Benefits Administration Software Business (2019-2024)
11.16.5 Zane Benefits Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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