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Payroll and HR Software-Global Market Insights and Sales Trends 2024
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 size is expected to reach US$ 10100 million by 2029, growing at a CAGR of 4.4% from 2023 to 2029. The market is mainly driven by the significant applications of Payroll and HR Software in various end use industries. The expanding demands from the Small and Mid-size Business (SMB) and Large Enterprise, are propelling Payroll and HR 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.
Asia Pacific shows high growth potential for Payroll and HR Software market, driven by demand from China, the second largest economy with some signs of stabilising, the Payroll and HR Software market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Payroll and HR 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 Payroll and HR 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 Payroll and HR Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Payroll and HR 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 Payroll and HR Software covered in this report include SAP SE, Automatic Data Processing, LLC, Ultimate Software Group, Inc., Linkedin (Microsoft), Oracle Corporation, Workday, Ceridian HCM, Inc., Kronos, Inc. and Infor, etc.
The global Payroll and HR 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:
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.
Global Payroll and HR 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 Payroll and HR Software market, Segment by Type:
On-premise
Cloud-based
Global Payroll and HR Software market, by Application
Small and Mid-size Business (SMB)
Large Enterprise
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 Payroll and HR 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
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 size is expected to reach US$ 10100 million by 2029, growing at a CAGR of 4.4% from 2023 to 2029. The market is mainly driven by the significant applications of Payroll and HR Software in various end use industries. The expanding demands from the Small and Mid-size Business (SMB) and Large Enterprise, are propelling Payroll and HR 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.
Asia Pacific shows high growth potential for Payroll and HR Software market, driven by demand from China, the second largest economy with some signs of stabilising, the Payroll and HR Software market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Payroll and HR 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 Payroll and HR 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 Payroll and HR Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Payroll and HR 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 Payroll and HR Software covered in this report include SAP SE, Automatic Data Processing, LLC, Ultimate Software Group, Inc., Linkedin (Microsoft), Oracle Corporation, Workday, Ceridian HCM, Inc., Kronos, Inc. and Infor, etc.
The global Payroll and HR 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:
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.
Global Payroll and HR 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 Payroll and HR Software market, Segment by Type:
On-premise
Cloud-based
Global Payroll and HR Software market, by Application
Small and Mid-size Business (SMB)
Large Enterprise
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 Payroll and HR 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 Payroll and HR Software
1.1 Payroll and HR Software Market Overview
1.1.1 Payroll and HR Software Product Scope
1.1.2 Payroll and HR Software Market Status and Outlook
1.2 Global Payroll and HR Software Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Payroll and HR Software Market Size by Region (2018-2029)
1.4 Global Payroll and HR Software Historic Market Size by Region (2018-2023)
1.5 Global Payroll and HR Software Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Payroll and HR Software Market Size (2018-2029)
1.6.1 North America Payroll and HR Software Market Size (2018-2029)
1.6.2 Europe Payroll and HR Software Market Size (2018-2029)
1.6.3 Asia-Pacific Payroll and HR Software Market Size (2018-2029)
1.6.4 Latin America Payroll and HR Software Market Size (2018-2029)
1.6.5 Middle East & Africa Payroll and HR Software Market Size (2018-2029)
2 Payroll and HR Software Market by Type
2.1 Introduction
2.1.1 On-premise
2.1.2 Cloud-based
2.2 Global Payroll and HR Software Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Payroll and HR Software Historic Market Size by Type (2018-2023)
2.2.2 Global Payroll and HR Software Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Payroll and HR Software Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Payroll and HR Software Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Payroll and HR Software Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Payroll and HR Software Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Payroll and HR Software Revenue Breakdown by Type (2018-2029)
3 Payroll and HR Software Market Overview by Application
3.1 Introduction
3.1.1 Small and Mid-size Business (SMB)
3.1.2 Large Enterprise
3.2 Global Payroll and HR Software Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Payroll and HR Software Historic Market Size by Application (2018-2023)
3.2.2 Global Payroll and HR Software Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Payroll and HR Software Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Payroll and HR Software Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Payroll and HR Software Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Payroll and HR Software Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Payroll and HR Software Revenue Breakdown by Application (2018-2029)
4 Payroll and HR Software Competition Analysis by Players
4.1 Global Payroll and HR 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 Payroll and HR Software as of 2022)
4.3 Date of Key Players Enter into Payroll and HR Software Market
4.4 Global Top Players Payroll and HR Software Headquarters and Area Served
4.5 Key Players Payroll and HR Software Product Solution and Service
4.6 Competitive Status
4.6.1 Payroll and HR Software Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 SAP SE
5.1.1 SAP SE Profile
5.1.2 SAP SE Main Business
5.1.3 SAP SE Payroll and HR Software Products, Services and Solutions
5.1.4 SAP SE Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.1.5 SAP SE Recent Developments
5.2 Automatic Data Processing, LLC
5.2.1 Automatic Data Processing, LLC Profile
5.2.2 Automatic Data Processing, LLC Main Business
5.2.3 Automatic Data Processing, LLC Payroll and HR Software Products, Services and Solutions
5.2.4 Automatic Data Processing, LLC Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.2.5 Automatic Data Processing, LLC Recent Developments
5.3 Ultimate Software Group, Inc.
5.3.1 Ultimate Software Group, Inc. Profile
5.3.2 Ultimate Software Group, Inc. Main Business
5.3.3 Ultimate Software Group, Inc. Payroll and HR Software Products, Services and Solutions
5.3.4 Ultimate Software Group, Inc. Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.3.5 Linkedin (Microsoft) Recent Developments
5.4 Linkedin (Microsoft)
5.4.1 Linkedin (Microsoft) Profile
5.4.2 Linkedin (Microsoft) Main Business
5.4.3 Linkedin (Microsoft) Payroll and HR Software Products, Services and Solutions
5.4.4 Linkedin (Microsoft) Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.4.5 Linkedin (Microsoft) Recent Developments
5.5 Oracle Corporation
5.5.1 Oracle Corporation Profile
5.5.2 Oracle Corporation Main Business
5.5.3 Oracle Corporation Payroll and HR Software Products, Services and Solutions
5.5.4 Oracle Corporation Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.5.5 Oracle Corporation Recent Developments
5.6 Workday
5.6.1 Workday Profile
5.6.2 Workday Main Business
5.6.3 Workday Payroll and HR Software Products, Services and Solutions
5.6.4 Workday Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.6.5 Workday Recent Developments
5.7 Ceridian HCM, Inc.
5.7.1 Ceridian HCM, Inc. Profile
5.7.2 Ceridian HCM, Inc. Main Business
5.7.3 Ceridian HCM, Inc. Payroll and HR Software Products, Services and Solutions
5.7.4 Ceridian HCM, Inc. Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.7.5 Ceridian HCM, Inc. Recent Developments
5.8 Kronos, Inc.
5.8.1 Kronos, Inc. Profile
5.8.2 Kronos, Inc. Main Business
5.8.3 Kronos, Inc. Payroll and HR Software Products, Services and Solutions
5.8.4 Kronos, Inc. Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.8.5 Kronos, Inc. Recent Developments
5.9 Infor
5.9.1 Infor Profile
5.9.2 Infor Main Business
5.9.3 Infor Payroll and HR Software Products, Services and Solutions
5.9.4 Infor Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.9.5 Infor Recent Developments
5.10 IBM Corporation
5.10.1 IBM Corporation Profile
5.10.2 IBM Corporation Main Business
5.10.3 IBM Corporation Payroll and HR Software Products, Services and Solutions
5.10.4 IBM Corporation Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.10.5 IBM Corporation Recent Developments
5.11 Cornerstone OnDemand
5.11.1 Cornerstone OnDemand Profile
5.11.2 Cornerstone OnDemand Main Business
5.11.3 Cornerstone OnDemand Payroll and HR Software Products, Services and Solutions
5.11.4 Cornerstone OnDemand Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.11.5 Cornerstone OnDemand Recent Developments
5.12 Paycom Software, Inc.
5.12.1 Paycom Software, Inc. Profile
5.12.2 Paycom Software, Inc. Main Business
5.12.3 Paycom Software, Inc. Payroll and HR Software Products, Services and Solutions
5.12.4 Paycom Software, Inc. Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.12.5 Paycom Software, Inc. Recent Developments
5.13 Intuit
5.13.1 Intuit Profile
5.13.2 Intuit Main Business
5.13.3 Intuit Payroll and HR Software Products, Services and Solutions
5.13.4 Intuit Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.13.5 Intuit Recent Developments
5.14 SumTotal Systems, LLC (SkillSoft)
5.14.1 SumTotal Systems, LLC (SkillSoft) Profile
5.14.2 SumTotal Systems, LLC (SkillSoft) Main Business
5.14.3 SumTotal Systems, LLC (SkillSoft) Payroll and HR Software Products, Services and Solutions
5.14.4 SumTotal Systems, LLC (SkillSoft) Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.14.5 SumTotal Systems, LLC (SkillSoft) Recent Developments
5.15 Sage
5.15.1 Sage Profile
5.15.2 Sage Main Business
5.15.3 Sage Payroll and HR Software Products, Services and Solutions
5.15.4 Sage Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.15.5 Sage Recent Developments
5.16 Epicor Software
5.16.1 Epicor Software Profile
5.16.2 Epicor Software Main Business
5.16.3 Epicor Software Payroll and HR Software Products, Services and Solutions
5.16.4 Epicor Software Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.16.5 Epicor Software Recent Developments
5.17 Accenture
5.17.1 Accenture Profile
5.17.2 Accenture Main Business
5.17.3 Accenture Payroll and HR Software Products, Services and Solutions
5.17.4 Accenture Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.17.5 Accenture Recent Developments
5.18 Workforce Software
5.18.1 Workforce Software Profile
5.18.2 Workforce Software Main Business
5.18.3 Workforce Software Payroll and HR Software Products, Services and Solutions
5.18.4 Workforce Software Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.18.5 Workforce Software Recent Developments
5.19 Zenefits
5.19.1 Zenefits Profile
5.19.2 Zenefits Main Business
5.19.3 Zenefits Payroll and HR Software Products, Services and Solutions
5.19.4 Zenefits Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.19.5 Zenefits Recent Developments
5.20 Ramco Systems
5.20.1 Ramco Systems Profile
5.20.2 Ramco Systems Main Business
5.20.3 Ramco Systems Payroll and HR Software Products, Services and Solutions
5.20.4 Ramco Systems Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.20.5 Ramco Systems Recent Developments
5.21 EPAY Systems
5.21.1 EPAY Systems Profile
5.21.2 EPAY Systems Main Business
5.21.3 EPAY Systems Payroll and HR Software Products, Services and Solutions
5.21.4 EPAY Systems Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.21.5 EPAY Systems Recent Developments
5.22 PeopleStrategy, Inc.
5.22.1 PeopleStrategy, Inc. Profile
5.22.2 PeopleStrategy, Inc. Main Business
5.22.3 PeopleStrategy, Inc. Payroll and HR Software Products, Services and Solutions
5.22.4 PeopleStrategy, Inc. Payroll and HR Software Revenue (US$ Million) & (2018-2023)
5.22.5 PeopleStrategy, Inc. Recent Developments
6 North America
6.1 North America Payroll and HR Software Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Payroll and HR 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 Payroll and HR 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 Payroll and HR 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 Payroll and HR 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 Payroll and HR Software Market Dynamics
11.1 Payroll and HR Software Industry Trends
11.2 Payroll and HR Software Market Drivers
11.3 Payroll and HR Software Market Challenges
11.4 Payroll and HR 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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