Payroll and HR Software Market Size, Share, and Trends Analysis Report
CAGR :
| Market Size 2024 (Base Year) | USD 18.93 Billion |
| Market Size 2032 (Forecast Year) | USD 45 Billion |
| CAGR | 11.43% |
| Forecast Period | 2025 - 2032 |
| Historical Period | 2020 - 2024 |
Payroll and HR Software Market Key Industry Analysis
The report covers a detailed analysis and forecast for the global payroll and hr 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 payroll and hr software market between 2021 and 2028.
These assessments help users of the report to analyze the payroll and hr 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 payroll and hr 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 “Payroll and HR Software Market research report which is segmented by Products (On-premise, Cloud-based), by Applications (Small Business (SSB), Small and Midsize Business (SMB), Large Enterprise), by Key Players/Companies (SAP, Epicor, Paychex, IBM Corporation, Yonyou, Intuit, Microsoft, Kronos, Oracle(NetSuite), Infor, Workday, Xero, Unit4, Automatic Data Processing Inc., Sage)”. In 2020, the global payroll and hr 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 Scope:
| Report Attributes | Report Details |
|---|---|
| Report Title | Payroll and HR Software Market Research Report |
| By Products | On-premise, Cloud-based |
| By Applications | Small Business (SSB), Small and Midsize Business (SMB), Large Enterprise |
| By Key Players | SAP, Epicor, Paychex, IBM Corporation, Yonyou, Intuit, Microsoft, Kronos, Oracle(NetSuite), Infor, Workday, Xero, Unit4, Automatic Data Processing Inc., Sage |
| 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 | 128 |
| 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 payroll and hr 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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Payroll and HR Software Market COVID-19 Impact Analysis
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 payroll and hr 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.
Payroll and HR Software Market Key Segment Analysis
The report study delivers a critical assessment on the payroll and hr software by segmenting the total addressable market based on products, applications, and region. All the segments & categories of the payroll and hr 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 payroll and hr 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 (SSB), Small and Midsize Business (SMB), Large Enterprise.
Key Market Players & Competitive Landscape of Payroll and HR Software Market
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 payroll and hr software market include:
- SAP
- Epicor
- Paychex
- IBM Corporation
- Yonyou
- Intuit
- Microsoft
- Kronos
- Oracle(NetSuite)
- Infor
- Workday
- Xero
- Unit4
- Automatic Data Processing Inc.
- Sage
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.
Key Benefits of the Report:
- COVID-19 Impact Analysis (A completely separate Chapter)
- Market size in terms of revenue from 2016 to 2028
- Market size for each segment from 2016 to 2028, by Region
- Market Attractiveness Analysis for all the segments
- Market Drivers, Restraints, and Opportunities
- Regional Market Trends
- Value Chain Analysis
- Regulatory Landscape
- Technology Landscape
- PEST Analysis
- Porter’s Five Forces Analysis
- Competitive Landscape and Company Market Shares
Payroll and HR Software Market Regional Analysis
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 payroll and hr 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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Significant aspects of the Payroll and HR Software Market Report:
- Drivers, Restraints, Opportunities and Recent Trends of the payroll and hr software market
- Structure of the market and projections for the next few years
- Market situation for each segment and region
- By Products
- On-premise
- Cloud-based
- By Applications
- Small Business (SSB)
- Small and Midsize Business (SMB)
- Large Enterprise
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
- An evaluation of upstream raw materials, downstream demand, and existing market dynamics is carried out
- Company Market Shares, Competitive Landscape, SWOT Analysis, and Product Specification
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 payroll and hr software market. This helped us understand existing market dynamics like supply-demand imbalance, pricing trends, product preferences, consumer behavior, and other factors.
The following are the justifications for purchasing the Payroll and HR Software Market report:
- Learn how to gather and analyze strategically essential competitor data and resources to develop effective R&D strategies.
- Consider the target demography when classifying possible new clients or partners.
- Identify the strategic priorities of top firms to establish tactical efforts.
- Selecting Leading Manufacturers might help you determine mergers and acquisitions more effectively.
- The study provides an in-depth analysis of market segments, sub-segments, and the regional prognosis for the market in consideration.
- The report provides an in-depth overview of the supplier analysis, competitive landscape, and major industry strategies that will help businesses obtain a competitive advantage in the industry.
Frequently Asked Questions
- SAP
- Epicor
- Paychex
- IBM Corporation
- Yonyou
- Intuit
- Microsoft
- Kronos
- Oracle(NetSuite)
- Infor
- Workday
- Xero
- Unit4
- Automatic Data Processing Inc.
- Sage
Table Of Content
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 Payroll and HR 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 Payroll and HR Software Market Share by Application (2020-2026) 1.6.2 Small Business (SSB) 1.6.3 Small and Midsize Business (SMB) 1.6.4 Large Enterprise 1.7 Payroll and HR 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 Payroll and HR 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 Payroll and HR Software Market 3.1 Value Chain Status 3.2 Payroll and HR Software Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Payroll and HR Software 3.2.3 Labor Cost of Payroll and HR Software 3.2.3.1 Labor Cost of Payroll and HR 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 SAP 4.1.1 SAP Basic Information 4.1.2 Payroll and HR Software Product Profiles, Application and Specification 4.1.3 SAP Payroll and HR Software Market Performance (2015-2020) 4.1.4 SAP Business Overview 4.2 Epicor 4.2.1 Epicor Basic Information 4.2.2 Payroll and HR Software Product Profiles, Application and Specification 4.2.3 Epicor Payroll and HR Software Market Performance (2015-2020) 4.2.4 Epicor Business Overview 4.3 Paychex 4.3.1 Paychex Basic Information 4.3.2 Payroll and HR Software Product Profiles, Application and Specification 4.3.3 Paychex Payroll and HR Software Market Performance (2015-2020) 4.3.4 Paychex Business Overview 4.4 IBM Corporation 4.4.1 IBM Corporation Basic Information 4.4.2 Payroll and HR Software Product Profiles, Application and Specification 4.4.3 IBM Corporation Payroll and HR Software Market Performance (2015-2020) 4.4.4 IBM Corporation Business Overview 4.5 Yonyou 4.5.1 Yonyou Basic Information 4.5.2 Payroll and HR Software Product Profiles, Application and Specification 4.5.3 Yonyou Payroll and HR Software Market Performance (2015-2020) 4.5.4 Yonyou Business Overview 4.6 Intuit 4.6.1 Intuit Basic Information 4.6.2 Payroll and HR Software Product Profiles, Application and Specification 4.6.3 Intuit Payroll and HR Software Market Performance (2015-2020) 4.6.4 Intuit Business Overview 4.7 Microsoft 4.7.1 Microsoft Basic Information 4.7.2 Payroll and HR Software Product Profiles, Application and Specification 4.7.3 Microsoft Payroll and HR Software Market Performance (2015-2020) 4.7.4 Microsoft Business Overview 4.8 Kronos 4.8.1 Kronos Basic Information 4.8.2 Payroll and HR Software Product Profiles, Application and Specification 4.8.3 Kronos Payroll and HR Software Market Performance (2015-2020) 4.8.4 Kronos Business Overview 4.9 Oracle(NetSuite) 4.9.1 Oracle(NetSuite) Basic Information 4.9.2 Payroll and HR Software Product Profiles, Application and Specification 4.9.3 Oracle(NetSuite) Payroll and HR Software Market Performance (2015-2020) 4.9.4 Oracle(NetSuite) Business Overview 4.10 Infor 4.10.1 Infor Basic Information 4.10.2 Payroll and HR Software Product Profiles, Application and Specification 4.10.3 Infor Payroll and HR Software Market Performance (2015-2020) 4.10.4 Infor Business Overview 4.11 Workday 4.11.1 Workday Basic Information 4.11.2 Payroll and HR Software Product Profiles, Application and Specification 4.11.3 Workday Payroll and HR Software Market Performance (2015-2020) 4.11.4 Workday Business Overview 4.12 Xero 4.12.1 Xero Basic Information 4.12.2 Payroll and HR Software Product Profiles, Application and Specification 4.12.3 Xero Payroll and HR Software Market Performance (2015-2020) 4.12.4 Xero Business Overview 4.13 Unit4 4.13.1 Unit4 Basic Information 4.13.2 Payroll and HR Software Product Profiles, Application and Specification 4.13.3 Unit4 Payroll and HR Software Market Performance (2015-2020) 4.13.4 Unit4 Business Overview 4.14 Automatic Data Processing, Inc. 4.14.1 Automatic Data Processing, Inc. Basic Information 4.14.2 Payroll and HR Software Product Profiles, Application and Specification 4.14.3 Automatic Data Processing, Inc. Payroll and HR Software Market Performance (2015-2020) 4.14.4 Automatic Data Processing, Inc. Business Overview 4.15 Sage 4.15.1 Sage Basic Information 4.15.2 Payroll and HR Software Product Profiles, Application and Specification 4.15.3 Sage Payroll and HR Software Market Performance (2015-2020) 4.15.4 Sage Business Overview 5 Global Payroll and HR Software Market Analysis by Regions 5.1 Global Payroll and HR Software Sales, Revenue and Market Share by Regions 5.1.1 Global Payroll and HR Software Sales by Regions (2015-2020) 5.1.2 Global Payroll and HR Software Revenue by Regions (2015-2020) 5.2 North America Payroll and HR Software Sales and Growth Rate (2015-2020) 5.3 Europe Payroll and HR Software Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Payroll and HR Software Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Payroll and HR Software Sales and Growth Rate (2015-2020) 5.6 South America Payroll and HR Software Sales and Growth Rate (2015-2020) 6 North America Payroll and HR Software Market Analysis by Countries 6.1 North America Payroll and HR Software Sales, Revenue and Market Share by Countries 6.1.1 North America Payroll and HR Software Sales by Countries (2015-2020) 6.1.2 North America Payroll and HR Software Revenue by Countries (2015-2020) 6.1.3 North America Payroll and HR Software Market Under COVID-19 6.2 United States Payroll and HR Software Sales and Growth Rate (2015-2020) 6.2.1 United States Payroll and HR Software Market Under COVID-19 6.3 Canada Payroll and HR Software Sales and Growth Rate (2015-2020) 6.4 Mexico Payroll and HR Software Sales and Growth Rate (2015-2020) 7 Europe Payroll and HR Software Market Analysis by Countries 7.1 Europe Payroll and HR Software Sales, Revenue and Market Share by Countries 7.1.1 Europe Payroll and HR Software Sales by Countries (2015-2020) 7.1.2 Europe Payroll and HR Software Revenue by Countries (2015-2020) 7.1.3 Europe Payroll and HR Software Market Under COVID-19 7.2 Germany Payroll and HR Software Sales and Growth Rate (2015-2020) 7.2.1 Germany Payroll and HR Software Market Under COVID-19 7.3 UK Payroll and HR Software Sales and Growth Rate (2015-2020) 7.3.1 UK Payroll and HR Software Market Under COVID-19 7.4 France Payroll and HR Software Sales and Growth Rate (2015-2020) 7.4.1 France Payroll and HR Software Market Under COVID-19 7.5 Italy Payroll and HR Software Sales and Growth Rate (2015-2020) 7.5.1 Italy Payroll and HR Software Market Under COVID-19 7.6 Spain Payroll and HR Software Sales and Growth Rate (2015-2020) 7.6.1 Spain Payroll and HR Software Market Under COVID-19 7.7 Russia Payroll and HR Software Sales and Growth Rate (2015-2020) 7.7.1 Russia Payroll and HR Software Market Under COVID-19 8 Asia-Pacific Payroll and HR Software Market Analysis by Countries 8.1 Asia-Pacific Payroll and HR Software Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Payroll and HR Software Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Payroll and HR Software Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Payroll and HR Software Market Under COVID-19 8.2 China Payroll and HR Software Sales and Growth Rate (2015-2020) 8.2.1 China Payroll and HR Software Market Under COVID-19 8.3 Japan Payroll and HR Software Sales and Growth Rate (2015-2020) 8.3.1 Japan Payroll and HR Software Market Under COVID-19 8.4 South Korea Payroll and HR Software Sales and Growth Rate (2015-2020) 8.4.1 South Korea Payroll and HR Software Market Under COVID-19 8.5 Australia Payroll and HR Software Sales and Growth Rate (2015-2020) 8.6 India Payroll and HR Software Sales and Growth Rate (2015-2020) 8.6.1 India Payroll and HR Software Market Under COVID-19 8.7 Southeast Asia Payroll and HR Software Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Payroll and HR Software Market Under COVID-19 9 Middle East and Africa Payroll and HR Software Market Analysis by Countries 9.1 Middle East and Africa Payroll and HR Software Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Payroll and HR Software Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Payroll and HR Software Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Payroll and HR Software Market Under COVID-19 9.2 Saudi Arabia Payroll and HR Software Sales and Growth Rate (2015-2020) 9.3 UAE Payroll and HR Software Sales and Growth Rate (2015-2020) 9.4 Egypt Payroll and HR Software Sales and Growth Rate (2015-2020) 9.5 Nigeria Payroll and HR Software Sales and Growth Rate (2015-2020) 9.6 South Africa Payroll and HR Software Sales and Growth Rate (2015-2020) 10 South America Payroll and HR Software Market Analysis by Countries 10.1 South America Payroll and HR Software Sales, Revenue and Market Share by Countries 10.1.1 South America Payroll and HR Software Sales by Countries (2015-2020) 10.1.2 South America Payroll and HR Software Revenue by Countries (2015-2020) 10.1.3 South America Payroll and HR Software Market Under COVID-19 10.2 Brazil Payroll and HR Software Sales and Growth Rate (2015-2020) 10.2.1 Brazil Payroll and HR Software Market Under COVID-19 10.3 Argentina Payroll and HR Software Sales and Growth Rate (2015-2020) 10.4 Columbia Payroll and HR Software Sales and Growth Rate (2015-2020) 10.5 Chile Payroll and HR Software Sales and Growth Rate (2015-2020) 11 Global Payroll and HR Software Market Segment by Types 11.1 Global Payroll and HR Software Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Payroll and HR Software Sales and Market Share by Types (2015-2020) 11.1.2 Global Payroll and HR 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 Payroll and HR Software Market Segment by Applications 12.1 Global Payroll and HR Software Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Payroll and HR Software Sales and Market Share by Applications (2015-2020) 12.1.2 Global Payroll and HR Software Revenue and Market Share by Applications (2015-2020) 12.2 Small Business (SSB) Sales, Revenue and Growth Rate (2015-2020) 12.3 Small and Midsize Business (SMB) Sales, Revenue and Growth Rate (2015-2020) 12.4 Large Enterprise Sales, Revenue and Growth Rate (2015-2020) 13 Payroll and HR Software Market Forecast by Regions (2020-2026) 13.1 Global Payroll and HR Software Sales, Revenue and Growth Rate (2020-2026) 13.2 Payroll and HR Software Market Forecast by Regions (2020-2026) 13.2.1 North America Payroll and HR Software Market Forecast (2020-2026) 13.2.2 Europe Payroll and HR Software Market Forecast (2020-2026) 13.2.3 Asia-Pacific Payroll and HR Software Market Forecast (2020-2026) 13.2.4 Middle East and Africa Payroll and HR Software Market Forecast (2020-2026) 13.2.5 South America Payroll and HR Software Market Forecast (2020-2026) 13.3 Payroll and HR Software Market Forecast by Types (2020-2026) 13.4 Payroll and HR Software Market Forecast by Applications (2020-2026) 13.5 Payroll and HR Software Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data Source
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