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Global Payroll and HR Software Market Research Report 2024

Global Payroll and HR Software Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1799076

No of Pages : 105

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Synopsis
Human capital management (HCM) is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization. HCM has come to be nearly synonymous with the human resources (HR) function in organizations. In HR technology, the comprehensive software systems for managing HR processes differ little from HCM suites.

Payroll software is a system that automates and streamlines the process of paying a company’s employees. It may sound straightforward, but the payroll process includes a lot of tasks such as calculating deductions and withholdings, producing pay slips and tax forms (and other reports), processing or depositing payment directly to employee’s bank account, voiding payments if need be, and even printing checks. Payroll software simplifies and automates the aforementioned tasks to shorten cycle times and reduce manual errors.

This report studies the HR and Payroll Software.
The global Payroll and HR Software market was valued at US$ 7634.2 million in 2023 and is anticipated to reach US$ 10100 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
North American market for Payroll and HR Software is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Payroll and HR Software is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Payroll and HR Software in Small and Mid-size Business (SMB) is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Payroll and HR Software include SAP SE, Automatic Data Processing, LLC, Ultimate Software Group, Inc., Linkedin (Microsoft), Oracle Corporation, Workday, Ceridian HCM, Inc., Kronos, Inc. and Infor, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Payroll and HR 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 Payroll and HR Software.
Report Scope
The Payroll and HR 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 Payroll and HR 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 Payroll and HR 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
SAP SE
Automatic Data Processing, LLC
Ultimate Software Group, Inc.
Linkedin (Microsoft)
Oracle Corporation
Workday
Ceridian HCM, Inc.
Kronos, Inc.
Infor
IBM Corporation
Cornerstone OnDemand
Paycom Software, Inc.
Intuit
SumTotal Systems, LLC (SkillSoft)
Sage
Epicor Software
Accenture
Workforce Software
Zenefits
Ramco Systems
EPAY Systems
PeopleStrategy, Inc.
Segment by Type
On-premise
Cloud-based
Segment by Application
Small and Mid-size Business (SMB)
Large Enterprise
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
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 Payroll and HR 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 Payroll and HR 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 Payroll and HR Software Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Small and Mid-size Business (SMB)
1.3.3 Large Enterprise
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Payroll and HR Software Market Perspective (2019-2030)
2.2 Payroll and HR Software Growth Trends by Region
2.2.1 Global Payroll and HR Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Payroll and HR Software Historic Market Size by Region (2019-2024)
2.2.3 Payroll and HR Software Forecasted Market Size by Region (2025-2030)
2.3 Payroll and HR Software Market Dynamics
2.3.1 Payroll and HR Software Industry Trends
2.3.2 Payroll and HR Software Market Drivers
2.3.3 Payroll and HR Software Market Challenges
2.3.4 Payroll and HR Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Payroll and HR Software Players by Revenue
3.1.1 Global Top Payroll and HR Software Players by Revenue (2019-2024)
3.1.2 Global Payroll and HR Software Revenue Market Share by Players (2019-2024)
3.2 Global Payroll and HR Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Payroll and HR Software Revenue
3.4 Global Payroll and HR Software Market Concentration Ratio
3.4.1 Global Payroll and HR Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Payroll and HR Software Revenue in 2023
3.5 Payroll and HR Software Key Players Head office and Area Served
3.6 Key Players Payroll and HR Software Product Solution and Service
3.7 Date of Enter into Payroll and HR Software Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Payroll and HR Software Breakdown Data by Type
4.1 Global Payroll and HR Software Historic Market Size by Type (2019-2024)
4.2 Global Payroll and HR Software Forecasted Market Size by Type (2025-2030)
5 Payroll and HR Software Breakdown Data by Application
5.1 Global Payroll and HR Software Historic Market Size by Application (2019-2024)
5.2 Global Payroll and HR Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Payroll and HR Software Market Size (2019-2030)
6.2 North America Payroll and HR Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Payroll and HR Software Market Size by Country (2019-2024)
6.4 North America Payroll and HR Software Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Payroll and HR Software Market Size (2019-2030)
7.2 Europe Payroll and HR Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Payroll and HR Software Market Size by Country (2019-2024)
7.4 Europe Payroll and HR 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 Payroll and HR Software Market Size (2019-2030)
8.2 Asia-Pacific Payroll and HR Software Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Payroll and HR Software Market Size by Region (2019-2024)
8.4 Asia-Pacific Payroll and HR 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 Payroll and HR Software Market Size (2019-2030)
9.2 Latin America Payroll and HR Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Payroll and HR Software Market Size by Country (2019-2024)
9.4 Latin America Payroll and HR Software Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Payroll and HR Software Market Size (2019-2030)
10.2 Middle East & Africa Payroll and HR Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Payroll and HR Software Market Size by Country (2019-2024)
10.4 Middle East & Africa Payroll and HR Software Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 SAP SE
11.1.1 SAP SE Company Detail
11.1.2 SAP SE Business Overview
11.1.3 SAP SE Payroll and HR Software Introduction
11.1.4 SAP SE Revenue in Payroll and HR Software Business (2019-2024)
11.1.5 SAP SE Recent Development
11.2 Automatic Data Processing, LLC
11.2.1 Automatic Data Processing, LLC Company Detail
11.2.2 Automatic Data Processing, LLC Business Overview
11.2.3 Automatic Data Processing, LLC Payroll and HR Software Introduction
11.2.4 Automatic Data Processing, LLC Revenue in Payroll and HR Software Business (2019-2024)
11.2.5 Automatic Data Processing, LLC Recent Development
11.3 Ultimate Software Group, Inc.
11.3.1 Ultimate Software Group, Inc. Company Detail
11.3.2 Ultimate Software Group, Inc. Business Overview
11.3.3 Ultimate Software Group, Inc. Payroll and HR Software Introduction
11.3.4 Ultimate Software Group, Inc. Revenue in Payroll and HR Software Business (2019-2024)
11.3.5 Ultimate Software Group, Inc. Recent Development
11.4 Linkedin (Microsoft)
11.4.1 Linkedin (Microsoft) Company Detail
11.4.2 Linkedin (Microsoft) Business Overview
11.4.3 Linkedin (Microsoft) Payroll and HR Software Introduction
11.4.4 Linkedin (Microsoft) Revenue in Payroll and HR Software Business (2019-2024)
11.4.5 Linkedin (Microsoft) Recent Development
11.5 Oracle Corporation
11.5.1 Oracle Corporation Company Detail
11.5.2 Oracle Corporation Business Overview
11.5.3 Oracle Corporation Payroll and HR Software Introduction
11.5.4 Oracle Corporation Revenue in Payroll and HR Software Business (2019-2024)
11.5.5 Oracle Corporation Recent Development
11.6 Workday
11.6.1 Workday Company Detail
11.6.2 Workday Business Overview
11.6.3 Workday Payroll and HR Software Introduction
11.6.4 Workday Revenue in Payroll and HR Software Business (2019-2024)
11.6.5 Workday Recent Development
11.7 Ceridian HCM, Inc.
11.7.1 Ceridian HCM, Inc. Company Detail
11.7.2 Ceridian HCM, Inc. Business Overview
11.7.3 Ceridian HCM, Inc. Payroll and HR Software Introduction
11.7.4 Ceridian HCM, Inc. Revenue in Payroll and HR Software Business (2019-2024)
11.7.5 Ceridian HCM, Inc. Recent Development
11.8 Kronos, Inc.
11.8.1 Kronos, Inc. Company Detail
11.8.2 Kronos, Inc. Business Overview
11.8.3 Kronos, Inc. Payroll and HR Software Introduction
11.8.4 Kronos, Inc. Revenue in Payroll and HR Software Business (2019-2024)
11.8.5 Kronos, Inc. Recent Development
11.9 Infor
11.9.1 Infor Company Detail
11.9.2 Infor Business Overview
11.9.3 Infor Payroll and HR Software Introduction
11.9.4 Infor Revenue in Payroll and HR Software Business (2019-2024)
11.9.5 Infor Recent Development
11.10 IBM Corporation
11.10.1 IBM Corporation Company Detail
11.10.2 IBM Corporation Business Overview
11.10.3 IBM Corporation Payroll and HR Software Introduction
11.10.4 IBM Corporation Revenue in Payroll and HR Software Business (2019-2024)
11.10.5 IBM Corporation Recent Development
11.11 Cornerstone OnDemand
11.11.1 Cornerstone OnDemand Company Detail
11.11.2 Cornerstone OnDemand Business Overview
11.11.3 Cornerstone OnDemand Payroll and HR Software Introduction
11.11.4 Cornerstone OnDemand Revenue in Payroll and HR Software Business (2019-2024)
11.11.5 Cornerstone OnDemand Recent Development
11.12 Paycom Software, Inc.
11.12.1 Paycom Software, Inc. Company Detail
11.12.2 Paycom Software, Inc. Business Overview
11.12.3 Paycom Software, Inc. Payroll and HR Software Introduction
11.12.4 Paycom Software, Inc. Revenue in Payroll and HR Software Business (2019-2024)
11.12.5 Paycom Software, Inc. Recent Development
11.13 Intuit
11.13.1 Intuit Company Detail
11.13.2 Intuit Business Overview
11.13.3 Intuit Payroll and HR Software Introduction
11.13.4 Intuit Revenue in Payroll and HR Software Business (2019-2024)
11.13.5 Intuit Recent Development
11.14 SumTotal Systems, LLC (SkillSoft)
11.14.1 SumTotal Systems, LLC (SkillSoft) Company Detail
11.14.2 SumTotal Systems, LLC (SkillSoft) Business Overview
11.14.3 SumTotal Systems, LLC (SkillSoft) Payroll and HR Software Introduction
11.14.4 SumTotal Systems, LLC (SkillSoft) Revenue in Payroll and HR Software Business (2019-2024)
11.14.5 SumTotal Systems, LLC (SkillSoft) Recent Development
11.15 Sage
11.15.1 Sage Company Detail
11.15.2 Sage Business Overview
11.15.3 Sage Payroll and HR Software Introduction
11.15.4 Sage Revenue in Payroll and HR Software Business (2019-2024)
11.15.5 Sage Recent Development
11.16 Epicor Software
11.16.1 Epicor Software Company Detail
11.16.2 Epicor Software Business Overview
11.16.3 Epicor Software Payroll and HR Software Introduction
11.16.4 Epicor Software Revenue in Payroll and HR Software Business (2019-2024)
11.16.5 Epicor Software Recent Development
11.17 Accenture
11.17.1 Accenture Company Detail
11.17.2 Accenture Business Overview
11.17.3 Accenture Payroll and HR Software Introduction
11.17.4 Accenture Revenue in Payroll and HR Software Business (2019-2024)
11.17.5 Accenture Recent Development
11.18 Workforce Software
11.18.1 Workforce Software Company Detail
11.18.2 Workforce Software Business Overview
11.18.3 Workforce Software Payroll and HR Software Introduction
11.18.4 Workforce Software Revenue in Payroll and HR Software Business (2019-2024)
11.18.5 Workforce Software Recent Development
11.19 Zenefits
11.19.1 Zenefits Company Detail
11.19.2 Zenefits Business Overview
11.19.3 Zenefits Payroll and HR Software Introduction
11.19.4 Zenefits Revenue in Payroll and HR Software Business (2019-2024)
11.19.5 Zenefits Recent Development
11.20 Ramco Systems
11.20.1 Ramco Systems Company Detail
11.20.2 Ramco Systems Business Overview
11.20.3 Ramco Systems Payroll and HR Software Introduction
11.20.4 Ramco Systems Revenue in Payroll and HR Software Business (2019-2024)
11.20.5 Ramco Systems Recent Development
11.21 EPAY Systems
11.21.1 EPAY Systems Company Detail
11.21.2 EPAY Systems Business Overview
11.21.3 EPAY Systems Payroll and HR Software Introduction
11.21.4 EPAY Systems Revenue in Payroll and HR Software Business (2019-2024)
11.21.5 EPAY Systems Recent Development
11.22 PeopleStrategy, Inc.
11.22.1 PeopleStrategy, Inc. Company Detail
11.22.2 PeopleStrategy, Inc. Business Overview
11.22.3 PeopleStrategy, Inc. Payroll and HR Software Introduction
11.22.4 PeopleStrategy, Inc. Revenue in Payroll and HR Software Business (2019-2024)
11.22.5 PeopleStrategy, Inc. 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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