| Market Size 2024 (Base Year) | USD 1.45 Billion |
| Market Size 2032 (Forecast Year) | USD 3.22 Billion |
| CAGR | 10.47% |
| Forecast Period | 2025 - 2032 |
| Historical Period | 2020 - 2024 |
The report covers a detailed analysis and forecast for the global benefits administration software market on a global and regional level from 2021 to 2028. The study offers historical data from 2016 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million). The study comprises a comprehensive view of the market with a review of market drivers, restraints, and opportunities. It also provides the level of impact of drivers and restraints on the benefits administration software market between 2021 and 2028.
These assessments help users of the report to analyze the benefits administration software market on the basis of different metrics that includes brand loyalty, switching costs, capital investments, economies of scale, regulatory legislation, current sales networks, production rights and patents, customer preferences, and promotional effects. This categorized data is expected to aid industry stakeholders in decision-making.The study also suggests company penetration plans for new entrants. Furthermore, the benefits administration software industry study report has listed the main manufacturers and distributors operating in all the major regions. We anticipate that this analysis and data will assist industry players to strengthen their networks of market penetration and expand their geographical breadth as a result of their efforts.
Market Research Store (MRS) published a latest report titled “Benefits Administration Software Market research report which is segmented by Products (On-Premise, Cloud-Based), by Applications (Small Business, Medium-sized Business, Large Business), by Key Players/Companies (BreatheHR, Ceridian, Namely, Gusto, Employee Navigator, Paycom, bswift, Thomsons Online Benefits, Paycor, WageWorks, PlanSource, benefitexpress, Empyrean Benefit Solutions, SAP (partnered with Benefitfocus), ADP, Businesssolver, Oracle (PeopleSoft), EmpowerHR/Pay, Zane Benefits, Castlight Health, Ultimate Software, Benefitfocus, BambooHR, BerniePortal, Workday, Gusto, InfinityHR, Zenefits, Selerix, WEX Health)”. In 2020, the global benefits administration software market demand was registered at XX (USD Million) and is predicted to reach XX (USD Million) at a CAGR of XX% by 2028.
| Report Attributes | Report Details |
|---|---|
| Report Title | Benefits Administration Software Market Research Report |
| By Products | On-Premise, Cloud-Based |
| By Applications | Small Business, Medium-sized Business, Large Business |
| By Key Players | BreatheHR, Ceridian, Namely, Gusto, Employee Navigator, Paycom, bswift, Thomsons Online Benefits, Paycor, WageWorks, PlanSource, benefitexpress, Empyrean Benefit Solutions, SAP (partnered with Benefitfocus), ADP, Businesssolver, Oracle (PeopleSoft), EmpowerHR/Pay, Zane Benefits, Castlight Health, Ultimate Software, Benefitfocus, BambooHR, BerniePortal, Workday, Gusto, InfinityHR, Zenefits, Selerix, WEX Health |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East And Africa (MEA) |
| Countries Covered | North America : U.S and Canada Europe : U.K, Spain, Germany, Italy, Russia, France, Rest of Europe APAC : Japan, India, China, Australia, South Korea, South East Asia, Rest of Asia Pacific Latin America : Mexico, Brazil The Middle East And Africa : South Africa, UAE, Saudi Arab, Rest of MEA |
| Base Year | 2020 |
| Historical Year | 2016to 2020 (Depending on availability, data from 2010 can be offered) |
| Forecast Year | 2028 |
| Number of Pages | 103 |
| Customization Available | Yes, the report can be tailored to meet your specific requirements. |
The study includes a detailed competitive scenario and product portfolio of key vendors. The report evaluates Porter’s Five Forces model to analyze the different factors affecting the growth of the benefits administration software market. Furthermore, the study encompasses a market attractiveness analysis, which provides the most attractive and least attractive market segments information by products, applications, and region. Additionally, the report also covers the exhaustive regulatory landscape, technology landscape, value chain analysis and PEST analysis.
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The epidemic of COVID-19 has caused significant economic and social upheaval. The pandemic has had an influence on the supply chain and value chain of numerous businesses. The benefits administration software market is not an exception. The impact of the COVID-19 pandemic will be analyzed on the basis of the overall industry including both the demand side and supply side perspectives. The effects of the pandemic would be studied and analyzed for short-term and long-term scenarios. This would assist to formulate business strategies for the period during the pandemic as well as the post-pandemic period for all stakeholders involved in the industry including suppliers, manufacturers, vendors, distributors, and end-users.
The report study delivers a critical assessment on the benefits administration software by segmenting the total addressable market based on products, applications, and region. All the segments & categories of the benefits administration software market are evaluated on the basis of past and future trends. The data for the market and its segments & categories are provided from 2016 to 2028. The report has identified the important segments & categories offering the most to the total addressable market growth in terms of revenue as well as the factors advancing their development.
The report includes a detailed segment analysis of the benefits administration software market based on products, applications, and region. On the basis of Products, the market can be classified into On-Premise, Cloud-Based. Based on the Applications, the market can be segmented into the Small Business, Medium-sized Business, Large Business.
The report provides exhaustive information on all the key players in the industry based on company overview, company market share, recent developments, business strategies, and financial performance among others. The report will also provide an extensive product portfolio for each company along with detailed descriptions/features. This report also contains useful recommendations for both established and new players around the world.
Some of the key players in the benefits administration software market include:
Due to the existence of multiple significant competitors, the industry is very competitive. Several inorganic growth techniques, such as acquisitions, mergers, and regional expansion are being pursued by the majority of manufacturers in order to increase their market share and obtain a competitive edge.
The report provides market size for all the segments and their categories for regions that include North America, Europe, Asia Pacific (APAC), Latin America and the Middle East & Africa (MEA). These regions are further bifurcated into major countries including the U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. The report has analyzed both developed & developing regions considered for research of the benefits administration software market. To assist firms in developing effective development strategies, the regional analysis section provides a complete overview of the industry from a number of countries and regions.
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The findings would be further affirmed and expanded upon through primary research conducted with industry professionals and decision-makers from around the world. A wide range of data validation and market estimation approaches were used to further assemble and validate the results gathered during the research. We also have our data forecasting algorithm that projects market growth over the year 2028. We performed both primary and secondary research to gain a clear overview of the benefits administration software market. This helped us understand existing market dynamics like supply-demand imbalance, pricing trends, product preferences, consumer behavior, and other factors.
Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Benefits Administration Software Market Share by Type (2020-2026) 1.5.2 On-Premise 1.5.3 Cloud-Based 1.6 Market by Application 1.6.1 Global Benefits Administration Software Market Share by Application (2020-2026) 1.6.2 Small Business 1.6.3 Medium-sized Business 1.6.4 Large Business 1.7 Benefits Administration Software Industry Development Trends under COVID-19 Outbreak 1.7.1 Global COVID-19 Status Overview 1.7.2 Influence of COVID-19 Outbreak on Benefits Administration Software Industry Development 2. Global Market Growth Trends 2.1 Industry Trends 2.1.1 SWOT Analysis 2.1.2 Porter’s Five Forces Analysis 2.2 Potential Market and Growth Potential Analysis 2.3 Industry News and Policies by Regions 2.3.1 Industry News 2.3.2 Industry Policies 2.4 Industry Trends Under COVID-19 3 Value Chain of Benefits Administration Software Market 3.1 Value Chain Status 3.2 Benefits Administration Software Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Benefits Administration Software 3.2.3 Labor Cost of Benefits Administration Software 3.2.3.1 Labor Cost of Benefits Administration Software Under COVID-19 3.3 Sales and Marketing Model Analysis 3.4 Downstream Major Customer Analysis (by Region) 3.5 Value Chain Status Under COVID-19 4 Players Profiles 4.1 BreatheHR 4.1.1 BreatheHR Basic Information 4.1.2 Benefits Administration Software Product Profiles, Application and Specification 4.1.3 BreatheHR Benefits Administration Software Market Performance (2015-2020) 4.1.4 BreatheHR Business Overview 4.2 Ceridian 4.2.1 Ceridian Basic Information 4.2.2 Benefits Administration Software Product Profiles, Application and Specification 4.2.3 Ceridian Benefits Administration Software Market Performance (2015-2020) 4.2.4 Ceridian Business Overview 4.3 Namely 4.3.1 Namely Basic Information 4.3.2 Benefits Administration Software Product Profiles, Application and Specification 4.3.3 Namely Benefits Administration Software Market Performance (2015-2020) 4.3.4 Namely Business Overview 4.4 Gusto 4.4.1 Gusto Basic Information 4.4.2 Benefits Administration Software Product Profiles, Application and Specification 4.4.3 Gusto Benefits Administration Software Market Performance (2015-2020) 4.4.4 Gusto Business Overview 4.5 Employee Navigator 4.5.1 Employee Navigator Basic Information 4.5.2 Benefits Administration Software Product Profiles, Application and Specification 4.5.3 Employee Navigator Benefits Administration Software Market Performance (2015-2020) 4.5.4 Employee Navigator Business Overview 4.6 Paycom 4.6.1 Paycom Basic Information 4.6.2 Benefits Administration Software Product Profiles, Application and Specification 4.6.3 Paycom Benefits Administration Software Market Performance (2015-2020) 4.6.4 Paycom Business Overview 4.7 bswift 4.7.1 bswift Basic Information 4.7.2 Benefits Administration Software Product Profiles, Application and Specification 4.7.3 bswift Benefits Administration Software Market Performance (2015-2020) 4.7.4 bswift Business Overview 4.8 Thomsons Online Benefits 4.8.1 Thomsons Online Benefits Basic Information 4.8.2 Benefits Administration Software Product Profiles, Application and Specification 4.8.3 Thomsons Online Benefits Benefits Administration Software Market Performance (2015-2020) 4.8.4 Thomsons Online Benefits Business Overview 4.9 Paycor 4.9.1 Paycor Basic Information 4.9.2 Benefits Administration Software Product Profiles, Application and Specification 4.9.3 Paycor Benefits Administration Software Market Performance (2015-2020) 4.9.4 Paycor Business Overview 4.10 WageWorks 4.10.1 WageWorks Basic Information 4.10.2 Benefits Administration Software Product Profiles, Application and Specification 4.10.3 WageWorks Benefits Administration Software Market Performance (2015-2020) 4.10.4 WageWorks Business Overview 4.11 PlanSource 4.11.1 PlanSource Basic Information 4.11.2 Benefits Administration Software Product Profiles, Application and Specification 4.11.3 PlanSource Benefits Administration Software Market Performance (2015-2020) 4.11.4 PlanSource Business Overview 4.12 benefitexpress 4.12.1 benefitexpress Basic Information 4.12.2 Benefits Administration Software Product Profiles, Application and Specification 4.12.3 benefitexpress Benefits Administration Software Market Performance (2015-2020) 4.12.4 benefitexpress Business Overview 4.13 Empyrean Benefit Solutions 4.13.1 Empyrean Benefit Solutions Basic Information 4.13.2 Benefits Administration Software Product Profiles, Application and Specification 4.13.3 Empyrean Benefit Solutions Benefits Administration Software Market Performance (2015-2020) 4.13.4 Empyrean Benefit Solutions Business Overview 4.14 SAP (partnered with Benefitfocus) 4.14.1 SAP (partnered with Benefitfocus) Basic Information 4.14.2 Benefits Administration Software Product Profiles, Application and Specification 4.14.3 SAP (partnered with Benefitfocus) Benefits Administration Software Market Performance (2015-2020) 4.14.4 SAP (partnered with Benefitfocus) Business Overview 4.15 ADP 4.15.1 ADP Basic Information 4.15.2 Benefits Administration Software Product Profiles, Application and Specification 4.15.3 ADP Benefits Administration Software Market Performance (2015-2020) 4.15.4 ADP Business Overview 4.16 Businesssolver 4.16.1 Businesssolver Basic Information 4.16.2 Benefits Administration Software Product Profiles, Application and Specification 4.16.3 Businesssolver Benefits Administration Software Market Performance (2015-2020) 4.16.4 Businesssolver Business Overview 4.17 Oracle (PeopleSoft) 4.17.1 Oracle (PeopleSoft) Basic Information 4.17.2 Benefits Administration Software Product Profiles, Application and Specification 4.17.3 Oracle (PeopleSoft) Benefits Administration Software Market Performance (2015-2020) 4.17.4 Oracle (PeopleSoft) Business Overview 4.18 EmpowerHR/Pay 4.18.1 EmpowerHR/Pay Basic Information 4.18.2 Benefits Administration Software Product Profiles, Application and Specification 4.18.3 EmpowerHR/Pay Benefits Administration Software Market Performance (2015-2020) 4.18.4 EmpowerHR/Pay Business Overview 4.19 Zane Benefits 4.19.1 Zane Benefits Basic Information 4.19.2 Benefits Administration Software Product Profiles, Application and Specification 4.19.3 Zane Benefits Benefits Administration Software Market Performance (2015-2020) 4.19.4 Zane Benefits Business Overview 4.20 Castlight Health 4.20.1 Castlight Health Basic Information 4.20.2 Benefits Administration Software Product Profiles, Application and Specification 4.20.3 Castlight Health Benefits Administration Software Market Performance (2015-2020) 4.20.4 Castlight Health Business Overview 4.21 Ultimate Software 4.21.1 Ultimate Software Basic Information 4.21.2 Benefits Administration Software Product Profiles, Application and Specification 4.21.3 Ultimate Software Benefits Administration Software Market Performance (2015-2020) 4.21.4 Ultimate Software Business Overview 4.22 Benefitfocus 4.22.1 Benefitfocus Basic Information 4.22.2 Benefits Administration Software Product Profiles, Application and Specification 4.22.3 Benefitfocus Benefits Administration Software Market Performance (2015-2020) 4.22.4 Benefitfocus Business Overview 4.23 BambooHR 4.23.1 BambooHR Basic Information 4.23.2 Benefits Administration Software Product Profiles, Application and Specification 4.23.3 BambooHR Benefits Administration Software Market Performance (2015-2020) 4.23.4 BambooHR Business Overview 4.24 BerniePortal 4.24.1 BerniePortal Basic Information 4.24.2 Benefits Administration Software Product Profiles, Application and Specification 4.24.3 BerniePortal Benefits Administration Software Market Performance (2015-2020) 4.24.4 BerniePortal Business Overview 4.25 Workday 4.25.1 Workday Basic Information 4.25.2 Benefits Administration Software Product Profiles, Application and Specification 4.25.3 Workday Benefits Administration Software Market Performance (2015-2020) 4.25.4 Workday Business Overview 4.26 Gusto 4.26.1 Gusto Basic Information 4.26.2 Benefits Administration Software Product Profiles, Application and Specification 4.26.3 Gusto Benefits Administration Software Market Performance (2015-2020) 4.26.4 Gusto Business Overview 4.27 InfinityHR 4.27.1 InfinityHR Basic Information 4.27.2 Benefits Administration Software Product Profiles, Application and Specification 4.27.3 InfinityHR Benefits Administration Software Market Performance (2015-2020) 4.27.4 InfinityHR Business Overview 4.28 Zenefits 4.28.1 Zenefits Basic Information 4.28.2 Benefits Administration Software Product Profiles, Application and Specification 4.28.3 Zenefits Benefits Administration Software Market Performance (2015-2020) 4.28.4 Zenefits Business Overview 4.29 Selerix 4.29.1 Selerix Basic Information 4.29.2 Benefits Administration Software Product Profiles, Application and Specification 4.29.3 Selerix Benefits Administration Software Market Performance (2015-2020) 4.29.4 Selerix Business Overview 4.30 WEX Health 4.30.1 WEX Health Basic Information 4.30.2 Benefits Administration Software Product Profiles, Application and Specification 4.30.3 WEX Health Benefits Administration Software Market Performance (2015-2020) 4.30.4 WEX Health Business Overview 5 Global Benefits Administration Software Market Analysis by Regions 5.1 Global Benefits Administration Software Sales, Revenue and Market Share by Regions 5.1.1 Global Benefits Administration Software Sales by Regions (2015-2020) 5.1.2 Global Benefits Administration Software Revenue by Regions (2015-2020) 5.2 North America Benefits Administration Software Sales and Growth Rate (2015-2020) 5.3 Europe Benefits Administration Software Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Benefits Administration Software Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Benefits Administration Software Sales and Growth Rate (2015-2020) 5.6 South America Benefits Administration Software Sales and Growth Rate (2015-2020) 6 North America Benefits Administration Software Market Analysis by Countries 6.1 North America Benefits Administration Software Sales, Revenue and Market Share by Countries 6.1.1 North America Benefits Administration Software Sales by Countries (2015-2020) 6.1.2 North America Benefits Administration Software Revenue by Countries (2015-2020) 6.1.3 North America Benefits Administration Software Market Under COVID-19 6.2 United States Benefits Administration Software Sales and Growth Rate (2015-2020) 6.2.1 United States Benefits Administration Software Market Under COVID-19 6.3 Canada Benefits Administration Software Sales and Growth Rate (2015-2020) 6.4 Mexico Benefits Administration Software Sales and Growth Rate (2015-2020) 7 Europe Benefits Administration Software Market Analysis by Countries 7.1 Europe Benefits Administration Software Sales, Revenue and Market Share by Countries 7.1.1 Europe Benefits Administration Software Sales by Countries (2015-2020) 7.1.2 Europe Benefits Administration Software Revenue by Countries (2015-2020) 7.1.3 Europe Benefits Administration Software Market Under COVID-19 7.2 Germany Benefits Administration Software Sales and Growth Rate (2015-2020) 7.2.1 Germany Benefits Administration Software Market Under COVID-19 7.3 UK Benefits Administration Software Sales and Growth Rate (2015-2020) 7.3.1 UK Benefits Administration Software Market Under COVID-19 7.4 France Benefits Administration Software Sales and Growth Rate (2015-2020) 7.4.1 France Benefits Administration Software Market Under COVID-19 7.5 Italy Benefits Administration Software Sales and Growth Rate (2015-2020) 7.5.1 Italy Benefits Administration Software Market Under COVID-19 7.6 Spain Benefits Administration Software Sales and Growth Rate (2015-2020) 7.6.1 Spain Benefits Administration Software Market Under COVID-19 7.7 Russia Benefits Administration Software Sales and Growth Rate (2015-2020) 7.7.1 Russia Benefits Administration Software Market Under COVID-19 8 Asia-Pacific Benefits Administration Software Market Analysis by Countries 8.1 Asia-Pacific Benefits Administration Software Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Benefits Administration Software Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Benefits Administration Software Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Benefits Administration Software Market Under COVID-19 8.2 China Benefits Administration Software Sales and Growth Rate (2015-2020) 8.2.1 China Benefits Administration Software Market Under COVID-19 8.3 Japan Benefits Administration Software Sales and Growth Rate (2015-2020) 8.3.1 Japan Benefits Administration Software Market Under COVID-19 8.4 South Korea Benefits Administration Software Sales and Growth Rate (2015-2020) 8.4.1 South Korea Benefits Administration Software Market Under COVID-19 8.5 Australia Benefits Administration Software Sales and Growth Rate (2015-2020) 8.6 India Benefits Administration Software Sales and Growth Rate (2015-2020) 8.6.1 India Benefits Administration Software Market Under COVID-19 8.7 Southeast Asia Benefits Administration Software Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Benefits Administration Software Market Under COVID-19 9 Middle East and Africa Benefits Administration Software Market Analysis by Countries 9.1 Middle East and Africa Benefits Administration Software Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Benefits Administration Software Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Benefits Administration Software Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Benefits Administration Software Market Under COVID-19 9.2 Saudi Arabia Benefits Administration Software Sales and Growth Rate (2015-2020) 9.3 UAE Benefits Administration Software Sales and Growth Rate (2015-2020) 9.4 Egypt Benefits Administration Software Sales and Growth Rate (2015-2020) 9.5 Nigeria Benefits Administration Software Sales and Growth Rate (2015-2020) 9.6 South Africa Benefits Administration Software Sales and Growth Rate (2015-2020) 10 South America Benefits Administration Software Market Analysis by Countries 10.1 South America Benefits Administration Software Sales, Revenue and Market Share by Countries 10.1.1 South America Benefits Administration Software Sales by Countries (2015-2020) 10.1.2 South America Benefits Administration Software Revenue by Countries (2015-2020) 10.1.3 South America Benefits Administration Software Market Under COVID-19 10.2 Brazil Benefits Administration Software Sales and Growth Rate (2015-2020) 10.2.1 Brazil Benefits Administration Software Market Under COVID-19 10.3 Argentina Benefits Administration Software Sales and Growth Rate (2015-2020) 10.4 Columbia Benefits Administration Software Sales and Growth Rate (2015-2020) 10.5 Chile Benefits Administration Software Sales and Growth Rate (2015-2020) 11 Global Benefits Administration Software Market Segment by Types 11.1 Global Benefits Administration Software Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Benefits Administration Software Sales and Market Share by Types (2015-2020) 11.1.2 Global Benefits Administration Software Revenue and Market Share by Types (2015-2020) 11.2 On-Premise Sales and Price (2015-2020) 11.3 Cloud-Based Sales and Price (2015-2020) 12 Global Benefits Administration Software Market Segment by Applications 12.1 Global Benefits Administration Software Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Benefits Administration Software Sales and Market Share by Applications (2015-2020) 12.1.2 Global Benefits Administration Software Revenue and Market Share by Applications (2015-2020) 12.2 Small Business Sales, Revenue and Growth Rate (2015-2020) 12.3 Medium-sized Business Sales, Revenue and Growth Rate (2015-2020) 12.4 Large Business Sales, Revenue and Growth Rate (2015-2020) 13 Benefits Administration Software Market Forecast by Regions (2020-2026) 13.1 Global Benefits Administration Software Sales, Revenue and Growth Rate (2020-2026) 13.2 Benefits Administration Software Market Forecast by Regions (2020-2026) 13.2.1 North America Benefits Administration Software Market Forecast (2020-2026) 13.2.2 Europe Benefits Administration Software Market Forecast (2020-2026) 13.2.3 Asia-Pacific Benefits Administration Software Market Forecast (2020-2026) 13.2.4 Middle East and Africa Benefits Administration Software Market Forecast (2020-2026) 13.2.5 South America Benefits Administration Software Market Forecast (2020-2026) 13.3 Benefits Administration Software Market Forecast by Types (2020-2026) 13.4 Benefits Administration Software Market Forecast by Applications (2020-2026) 13.5 Benefits Administration Software Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
Benefits Administration Software
Benefits Administration Software
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