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Global Cloud-based Payroll Software Market Research Report 2024

Global Cloud-based Payroll Software Market Research Report 2024

Publishing Date : Feb, 2024

License Type :
 

Report Code : 1805005

No of Pages : 106

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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 was valued at US$ 7219.6 million in 2023 and is anticipated to reach US$ 10830 million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.

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.

This report aims to provide a comprehensive presentation of the global market for Cloud-based Payroll 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 Cloud-based Payroll Software.

Report Scope

The Cloud-based Payroll 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 Cloud-based Payroll 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 Cloud-based Payroll 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
  • 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

Segment by Type

  • Business Software
  • Cloud ERP Software
  • Services Automation

Segment by Application

  • SMEs
  • Large Enterprises

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 Cloud-based Payroll 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 Cloud-based Payroll Software Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Business Software
1.2.3 Cloud ERP Software
1.2.4 Services Automation
1.3 Market by Application
1.3.1 Global Cloud-based Payroll Software Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 SMEs
1.3.3 Large Enterprises
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Cloud-based Payroll Software Market Perspective (2019-2030)
2.2 Cloud-based Payroll Software Growth Trends by Region
2.2.1 Global Cloud-based Payroll Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Cloud-based Payroll Software Historic Market Size by Region (2019-2024)
2.2.3 Cloud-based Payroll Software Forecasted Market Size by Region (2025-2030)
2.3 Cloud-based Payroll Software Market Dynamics
2.3.1 Cloud-based Payroll Software Industry Trends
2.3.2 Cloud-based Payroll Software Market Drivers
2.3.3 Cloud-based Payroll Software Market Challenges
2.3.4 Cloud-based Payroll Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Cloud-based Payroll Software Players by Revenue
3.1.1 Global Top Cloud-based Payroll Software Players by Revenue (2019-2024)
3.1.2 Global Cloud-based Payroll Software Revenue Market Share by Players (2019-2024)
3.2 Global Cloud-based Payroll Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Cloud-based Payroll Software Revenue
3.4 Global Cloud-based Payroll Software Market Concentration Ratio
3.4.1 Global Cloud-based Payroll Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Cloud-based Payroll Software Revenue in 2023
3.5 Cloud-based Payroll Software Key Players Head office and Area Served
3.6 Key Players Cloud-based Payroll Software Product Solution and Service
3.7 Date of Enter into Cloud-based Payroll Software Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Cloud-based Payroll Software Breakdown Data by Type
4.1 Global Cloud-based Payroll Software Historic Market Size by Type (2019-2024)
4.2 Global Cloud-based Payroll Software Forecasted Market Size by Type (2025-2030)
5 Cloud-based Payroll Software Breakdown Data by Application
5.1 Global Cloud-based Payroll Software Historic Market Size by Application (2019-2024)
5.2 Global Cloud-based Payroll Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Cloud-based Payroll Software Market Size (2019-2030)
6.2 North America Cloud-based Payroll Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Cloud-based Payroll Software Market Size by Country (2019-2024)
6.4 North America Cloud-based Payroll Software Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Cloud-based Payroll Software Market Size (2019-2030)
7.2 Europe Cloud-based Payroll Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Cloud-based Payroll Software Market Size by Country (2019-2024)
7.4 Europe Cloud-based Payroll 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 Cloud-based Payroll Software Market Size (2019-2030)
8.2 Asia-Pacific Cloud-based Payroll Software Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Cloud-based Payroll Software Market Size by Region (2019-2024)
8.4 Asia-Pacific Cloud-based Payroll 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 Cloud-based Payroll Software Market Size (2019-2030)
9.2 Latin America Cloud-based Payroll Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Cloud-based Payroll Software Market Size by Country (2019-2024)
9.4 Latin America Cloud-based Payroll Software Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Cloud-based Payroll Software Market Size (2019-2030)
10.2 Middle East & Africa Cloud-based Payroll Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Cloud-based Payroll Software Market Size by Country (2019-2024)
10.4 Middle East & Africa Cloud-based Payroll 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 Cloud-based Payroll Software Introduction
11.1.4 ADP Revenue in Cloud-based Payroll Software Business (2019-2024)
11.1.5 ADP Recent Development
11.2 CoreHR
11.2.1 CoreHR Company Detail
11.2.2 CoreHR Business Overview
11.2.3 CoreHR Cloud-based Payroll Software Introduction
11.2.4 CoreHR Revenue in Cloud-based Payroll Software Business (2019-2024)
11.2.5 CoreHR Recent Development
11.3 Oracle
11.3.1 Oracle Company Detail
11.3.2 Oracle Business Overview
11.3.3 Oracle Cloud-based Payroll Software Introduction
11.3.4 Oracle Revenue in Cloud-based Payroll Software Business (2019-2024)
11.3.5 Oracle Recent Development
11.4 Paychex
11.4.1 Paychex Company Detail
11.4.2 Paychex Business Overview
11.4.3 Paychex Cloud-based Payroll Software Introduction
11.4.4 Paychex Revenue in Cloud-based Payroll Software Business (2019-2024)
11.4.5 Paychex Recent Development
11.5 SAP Success Factors
11.5.1 SAP Success Factors Company Detail
11.5.2 SAP Success Factors Business Overview
11.5.3 SAP Success Factors Cloud-based Payroll Software Introduction
11.5.4 SAP Success Factors Revenue in Cloud-based Payroll Software Business (2019-2024)
11.5.5 SAP Success Factors Recent Development
11.6 Ultimate Software
11.6.1 Ultimate Software Company Detail
11.6.2 Ultimate Software Business Overview
11.6.3 Ultimate Software Cloud-based Payroll Software Introduction
11.6.4 Ultimate Software Revenue in Cloud-based Payroll Software Business (2019-2024)
11.6.5 Ultimate Software Recent Development
11.7 Workday
11.7.1 Workday Company Detail
11.7.2 Workday Business Overview
11.7.3 Workday Cloud-based Payroll Software Introduction
11.7.4 Workday Revenue in Cloud-based Payroll Software Business (2019-2024)
11.7.5 Workday Recent Development
11.8 Aditro
11.8.1 Aditro Company Detail
11.8.2 Aditro Business Overview
11.8.3 Aditro Cloud-based Payroll Software Introduction
11.8.4 Aditro Revenue in Cloud-based Payroll Software Business (2019-2024)
11.8.5 Aditro Recent Development
11.9 Advanced
11.9.1 Advanced Company Detail
11.9.2 Advanced Business Overview
11.9.3 Advanced Cloud-based Payroll Software Introduction
11.9.4 Advanced Revenue in Cloud-based Payroll Software Business (2019-2024)
11.9.5 Advanced Recent Development
11.10 Affinity
11.10.1 Affinity Company Detail
11.10.2 Affinity Business Overview
11.10.3 Affinity Cloud-based Payroll Software Introduction
11.10.4 Affinity Revenue in Cloud-based Payroll Software Business (2019-2024)
11.10.5 Affinity Recent Development
11.11 Ascentis
11.11.1 Ascentis Company Detail
11.11.2 Ascentis Business Overview
11.11.3 Ascentis Cloud-based Payroll Software Introduction
11.11.4 Ascentis Revenue in Cloud-based Payroll Software Business (2019-2024)
11.11.5 Ascentis Recent Development
11.12 BenefitMall
11.12.1 BenefitMall Company Detail
11.12.2 BenefitMall Business Overview
11.12.3 BenefitMall Cloud-based Payroll Software Introduction
11.12.4 BenefitMall Revenue in Cloud-based Payroll Software Business (2019-2024)
11.12.5 BenefitMall Recent Development
11.13 beqom
11.13.1 beqom Company Detail
11.13.2 beqom Business Overview
11.13.3 beqom Cloud-based Payroll Software Introduction
11.13.4 beqom Revenue in Cloud-based Payroll Software Business (2019-2024)
11.13.5 beqom Recent Development
11.14 Ceridian HCM
11.14.1 Ceridian HCM Company Detail
11.14.2 Ceridian HCM Business Overview
11.14.3 Ceridian HCM Cloud-based Payroll Software Introduction
11.14.4 Ceridian HCM Revenue in Cloud-based Payroll Software Business (2019-2024)
11.14.5 Ceridian HCM Recent Development
11.15 CloudPay
11.15.1 CloudPay Company Detail
11.15.2 CloudPay Business Overview
11.15.3 CloudPay Cloud-based Payroll Software Introduction
11.15.4 CloudPay Revenue in Cloud-based Payroll Software Business (2019-2024)
11.15.5 CloudPay Recent Development
11.16 Datacom
11.16.1 Datacom Company Detail
11.16.2 Datacom Business Overview
11.16.3 Datacom Cloud-based Payroll Software Introduction
11.16.4 Datacom Revenue in Cloud-based Payroll Software Business (2019-2024)
11.16.5 Datacom Recent Development
11.17 Execupay
11.17.1 Execupay Company Detail
11.17.2 Execupay Business Overview
11.17.3 Execupay Cloud-based Payroll Software Introduction
11.17.4 Execupay Revenue in Cloud-based Payroll Software Business (2019-2024)
11.17.5 Execupay Recent Development
11.18 Gusto
11.18.1 Gusto Company Detail
11.18.2 Gusto Business Overview
11.18.3 Gusto Cloud-based Payroll Software Introduction
11.18.4 Gusto Revenue in Cloud-based Payroll Software Business (2019-2024)
11.18.5 Gusto Recent Development
11.19 iAdmin
11.19.1 iAdmin Company Detail
11.19.2 iAdmin Business Overview
11.19.3 iAdmin Cloud-based Payroll Software Introduction
11.19.4 iAdmin Revenue in Cloud-based Payroll Software Business (2019-2024)
11.19.5 iAdmin Recent Development
11.20 IRIS Software
11.20.1 IRIS Software Company Detail
11.20.2 IRIS Software Business Overview
11.20.3 IRIS Software Cloud-based Payroll Software Introduction
11.20.4 IRIS Software Revenue in Cloud-based Payroll Software Business (2019-2024)
11.20.5 IRIS Software Recent Development
11.21 Paycom
11.21.1 Paycom Company Detail
11.21.2 Paycom Business Overview
11.21.3 Paycom Cloud-based Payroll Software Introduction
11.21.4 Paycom Revenue in Cloud-based Payroll Software Business (2019-2024)
11.21.5 Paycom Recent Development
11.22 Payroo
11.22.1 Payroo Company Detail
11.22.2 Payroo Business Overview
11.22.3 Payroo Cloud-based Payroll Software Introduction
11.22.4 Payroo Revenue in Cloud-based Payroll Software Business (2019-2024)
11.22.5 Payroo Recent Development
11.23 Sage (UK)
11.23.1 Sage (UK) Company Detail
11.23.2 Sage (UK) Business Overview
11.23.3 Sage (UK) Cloud-based Payroll Software Introduction
11.23.4 Sage (UK) Revenue in Cloud-based Payroll Software Business (2019-2024)
11.23.5 Sage (UK) Recent Development
11.24 SmartPayroll Australia
11.24.1 SmartPayroll Australia Company Detail
11.24.2 SmartPayroll Australia Business Overview
11.24.3 SmartPayroll Australia Cloud-based Payroll Software Introduction
11.24.4 SmartPayroll Australia Revenue in Cloud-based Payroll Software Business (2019-2024)
11.24.5 SmartPayroll Australia 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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