HR & Payroll Software Publishing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Booming DIY market: Businesses are bringing HR and payroll activities in-house, upping software sales

HR and payroll software is growing in popularity, especially among SMEs, as it provides a cheaper alternative to traditional HR and payroll management systems. Over the five years through 2022-23, revenue will grow at a compound annual rate of 7.5% to £1.4 billion. Industry start-ups have increased markedly, many of which have attracted funding from private investors. Publishers have been able to expand their R&D budgets and make enormous strides in creating advanced HR and payroll software. The cloud has allowed online and remote-access distribution of industry software on a subscription basis to become the norm. Most pubilshers now offer integrated HR and payroll systems through Software as a Service (SaaS). SaaS reduces packaging and distribution costs, reaches a broader audience and boosts profit.

This industry develops and publishes software for human resources (HR) and payroll management. This service is provided online or through proprietary software.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.