The payroll department plays a crucial role in human resources, wherein its primary task is to ensure that all the employees are paid accurately after the necessary deductions. Further, with the deployment of payroll software, the HR department is able to track the number of hours that each employee has worked; this data is utilized for calculating the salary compensation.
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The cloud-based payroll software market is driven by the secured cloud backup of employee data, ease of system enhancements & updates, and advantages over on-premise solutions. However, regulatory compliances and synchronizing domestic HR processes with global HR standards impede the market growth. Integration of various modules & software is opportunistic for the cloud-based payroll software market growth.
The global cloud-based payroll software market is segmented based on organizational size, industry vertical, and geography. The organizational size segment includes large enterprises and small & medium enterprises (SMEs). Based on industry vertical, the market is classified into retail; healthcare; manufacturing; banking, financial services, and insurance (BFSI); and others.
Some of the key players of Cloud-based Payroll Software Market:
ADP, Inc., Sage Group, Zenefits Software, Kronos Incorporated, Ascentis HR Software, Oracle Corporation, Paycom Software, Inc., Ceridian HCM, Inc.(Morneau Sheppell Inc.), FinancialForce Software, and IRIS Software Group, Ltd.
The Global Cloud-based Payroll Software Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Cloud-based Payroll Software market based on product and application. It also provides market size and forecast till 2023 for overall Cloud-based Payroll Software market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Cloud-based Payroll Software Market Size
2.2 Cloud-based Payroll Software Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Cloud-based Payroll Software Market Size by Manufacturers
3.2 Cloud-based Payroll Software Key Players Head office and Area Served
3.3 Key Players Cloud-based Payroll Software Product/Solution/Service
3.4 Date of Enter into Cloud-based Payroll Software Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Cloud-based Payroll Software Sales by Product
4.2 Global Cloud-based Payroll Software Revenue by Product
4.3 Cloud-based Payroll Software Price by Product
5 Breakdown Data by End User
5.2 Global Cloud-based Payroll Software Breakdown Data by End User
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