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Benefits Administration Software Market 2025-2029- Product Image
Benefits Administration Software Market 2025-2029- Product Image
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Benefits Administration Software Market 2025-2029

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    Report

  • 218 Pages
  • July 2025
  • Region: Global
  • TechNavio
  • ID: 6030865
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The benefits administration software market is forecasted to grow by USD 1.91 billion during 2024-2029, accelerating at a CAGR of 11.8% during the forecast period. The report on the benefits administration software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising shift toward cloud-based solutions, increasing complexity of benefits packages, and growing need for cost optimization.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The benefits administration software market is segmented as below:

By Deployment

  • Cloud based
  • On-premises

By End-user

  • Large enterprises
  • Small and medium enterprises

By Application

  • Benefits enrollment and management
  • Benefits administration and compliance
  • Employee self-service portals
  • Reporting and analytics

By Geographical Landscape

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America
This study identifies the increasing demand for user-friendly, mobile-accessible platforms as one of the prime reasons driving the benefits administration software market growth during the next few years. Also, increasing incorporation of AI and ml with benefits administration software and rising adoption of remote work boosting demand for benefits administration software will lead to sizable demand in the market.

The report on the benefits administration software market covers the following areas:

  • Benefits Administration Software Market sizing
  • Benefits Administration Software Market forecast
  • Benefits Administration Software Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading benefits administration software market vendors that include Automatic Data Processing Inc., Bamboo HR LLC, Benefitfocus.com Inc., Benify AB, Businessolver, Dayforce Inc., Deel Inc, ELMO Software Ltd., EmPower HR, Gusto, Mercer LLC, Namely Inc., Paycom Software Inc., Paycor HCM Inc., PlanSource, Rippling People Center Inc., TELUS Corp., TriNet Group Inc., WEX Inc., and Workday Inc. Also, the benefits administration software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Deployment
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 The Publisher's Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Benefits Administration Software Market 2019 - 2023
Historic Market Size - Data Table on Global Benefits Administration Software Market 2019 - 2023 ($ million)
5.2 Deployment segment analysis 2019 - 2023
Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.4 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 The AI impact on Global Benefits Administration Software Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Deployment
8.1 Market segments
Chart on Deployment - Market share 2024-2029 (%)
Data Table on Deployment - Market share 2024-2029 (%)
8.2 Comparison by Deployment
Chart on Comparison by Deployment
Data Table on Comparison by Deployment
8.3 Cloud based - Market size and forecast 2024-2029
Chart on Cloud based - Market size and forecast 2024-2029 ($ million)
Data Table on Cloud based - Market size and forecast 2024-2029 ($ million)
Chart on Cloud based - Year-over-year growth 2024-2029 (%)
Data Table on Cloud based - Year-over-year growth 2024-2029 (%)
8.4 On-premises - Market size and forecast 2024-2029
Chart on On-premises - Market size and forecast 2024-2029 ($ million)
Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
Chart on On-premises - Year-over-year growth 2024-2029 (%)
Data Table on On-premises - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Deployment
Market opportunity by Deployment ($ million)
Data Table on Market opportunity by Deployment ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Large enterprises - Market size and forecast 2024-2029
Chart on Large enterprises - Market size and forecast 2024-2029 ($ million)
Data Table on Large enterprises - Market size and forecast 2024-2029 ($ million)
Chart on Large enterprises - Year-over-year growth 2024-2029 (%)
Data Table on Large enterprises - Year-over-year growth 2024-2029 (%)
9.4 Small and medium enterprises - Market size and forecast 2024-2029
Chart on Small and medium enterprises - Market size and forecast 2024-2029 ($ million)
Data Table on Small and medium enterprises - Market size and forecast 2024-2029 ($ million)
Chart on Small and medium enterprises - Year-over-year growth 2024-2029 (%)
Data Table on Small and medium enterprises - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Market Segmentation by Application
10.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
10.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
10.3 Benefits enrollment and management - Market size and forecast 2024-2029
Chart on Benefits enrollment and management - Market size and forecast 2024-2029 ($ million)
Data Table on Benefits enrollment and management - Market size and forecast 2024-2029 ($ million)
Chart on Benefits enrollment and management - Year-over-year growth 2024-2029 (%)
Data Table on Benefits enrollment and management - Year-over-year growth 2024-2029 (%)
10.4 Benefits administration and compliance - Market size and forecast 2024-2029
Chart on Benefits administration and compliance - Market size and forecast 2024-2029 ($ million)
Data Table on Benefits administration and compliance - Market size and forecast 2024-2029 ($ million)
Chart on Benefits administration and compliance - Year-over-year growth 2024-2029 (%)
Data Table on Benefits administration and compliance - Year-over-year growth 2024-2029 (%)
10.5 Employee self-service portals - Market size and forecast 2024-2029
Chart on Employee self-service portals - Market size and forecast 2024-2029 ($ million)
Data Table on Employee self-service portals - Market size and forecast 2024-2029 ($ million)
Chart on Employee self-service portals - Year-over-year growth 2024-2029 (%)
Data Table on Employee self-service portals - Year-over-year growth 2024-2029 (%)
10.6 Reporting and analytics - Market size and forecast 2024-2029
Chart on Reporting and analytics - Market size and forecast 2024-2029 ($ million)
Data Table on Reporting and analytics - Market size and forecast 2024-2029 ($ million)
Chart on Reporting and analytics - Year-over-year growth 2024-2029 (%)
Data Table on Reporting and analytics - Year-over-year growth 2024-2029 (%)
10.7 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
12.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.6 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.7 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
12.11 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.12 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.13 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
12.14 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.15 Mexico - Market size and forecast 2024-2029
Chart on Mexico - Market size and forecast 2024-2029 ($ million)
Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
Chart on Mexico - Year-over-year growth 2024-2029 (%)
Data Table on Mexico - Year-over-year growth 2024-2029 (%)
12.16 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
12.17 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints
14 Competitive Landscape
14.1 Overview
14.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
Overview on factors of disruption
14.4 Industry risks
Impact of key risks on business
15 Competitive Analysis
15.1 Companies profiled
Companies covered
15.2 Company ranking index
Company ranking index
15.3 Market positioning of companies
Matrix on companies position and classification
15.4 Automatic Data Processing Inc.
Automatic Data Processing Inc. - Overview
Automatic Data Processing Inc. - Business segments
Automatic Data Processing Inc. - Key news
Automatic Data Processing Inc. - Key offerings
Automatic Data Processing Inc. - Segment focus
SWOT
15.5 Bamboo HR LLC
Bamboo HR LLC - Overview
Bamboo HR LLC - Product / Service
Bamboo HR LLC - Key offerings
SWOT
15.6 Benefitfocus.com Inc.
Benefitfocus.com Inc. - Overview
Benefitfocus.com Inc. - Product / Service
Benefitfocus.com Inc. - Key offerings
SWOT
15.7 Benify AB
Benify AB - Overview
Benify AB - Product / Service
Benify AB - Key offerings
SWOT
15.8 Dayforce Inc.
Dayforce Inc. - Overview
Dayforce Inc. - Product / Service
Dayforce Inc. - Key news
Dayforce Inc. - Key offerings
SWOT
15.9 Deel Inc
Deel Inc - Overview
Deel Inc - Product / Service
Deel Inc - Key offerings
SWOT
15.10 ELMO Software Ltd.
ELMO Software Ltd. - Overview
ELMO Software Ltd. - Product / Service
ELMO Software Ltd. - Key offerings
SWOT
15.11 EmPower HR
EmPower HR - Overview
EmPower HR - Product / Service
EmPower HR - Key offerings
SWOT
15.12 Gusto
Gusto - Overview
Gusto - Product / Service
Gusto - Key offerings
SWOT
15.13 Mercer LLC
Mercer LLC - Overview
Mercer LLC - Product / Service
Mercer LLC - Key offerings
SWOT
15.14 Paycom Software Inc.
Paycom Software Inc. - Overview
Paycom Software Inc. - Product / Service
Paycom Software Inc. - Key offerings
SWOT
15.15 Paycor HCM Inc.
Paycor HCM Inc. - Overview
Paycor HCM Inc. - Product / Service
Paycor HCM Inc. - Key news
Paycor HCM Inc. - Key offerings
SWOT
15.16 PlanSource
PlanSource - Overview
PlanSource - Product / Service
PlanSource - Key offerings
SWOT
15.17 Rippling People Center Inc.
Rippling People Center Inc. - Overview
Rippling People Center Inc. - Product / Service
Rippling People Center Inc. - Key offerings
SWOT
15.18 Workday Inc.
Workday Inc. - Overview
Workday Inc. - Product / Service
Workday Inc. - Key news
Workday Inc. - Key offerings
SWOT
16 Appendix
16.1 Scope of the report
16.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
16.3 Currency conversion rates for US$
Currency conversion rates for US$
16.4 Research methodology
Research methodology
16.5 Data procurement
Information sources
16.6 Data validation
Data validation
16.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
16.8 Data synthesis
Data synthesis
16.9 360 degree market analysis
360 degree market analysis
16.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Deployment
Exhibits 6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 7: Executive Summary - Chart on Market Segmentation by Application
Exhibits 8: Executive Summary - Chart on Incremental Growth
Exhibits 9: Executive Summary - Data Table on Incremental Growth
Exhibits 10: Executive Summary - Chart on Company Market Positioning
Exhibits 11: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 12: Overview on criticality of inputs and factors of differentiation
Exhibits 13: Overview on factors of disruption
Exhibits 14: Impact of drivers and challenges in 2024 and 2029
Exhibits 15: Parent Market
Exhibits 16: Data Table on - Parent Market
Exhibits 17: Market characteristics analysis
Exhibits 18: Value chain analysis
Exhibits 19: Offerings of companies included in the market definition
Exhibits 20: Market segments
Exhibits 21: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 22: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Historic Market Size - Data Table on Global Benefits Administration Software Market 2019 - 2023 ($ million)
Exhibits 26: Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 31: Five forces analysis - Comparison between 2024 and 2029
Exhibits 32: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 33: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 35: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 37: Chart on Market condition - Five forces 2024 and 2029
Exhibits 38: Chart on Deployment - Market share 2024-2029 (%)
Exhibits 39: Data Table on Deployment - Market share 2024-2029 (%)
Exhibits 40: Chart on Comparison by Deployment
Exhibits 41: Data Table on Comparison by Deployment
Exhibits 42: Chart on Cloud based - Market size and forecast 2024-2029 ($ million)
Exhibits 43: Data Table on Cloud based - Market size and forecast 2024-2029 ($ million)
Exhibits 44: Chart on Cloud based - Year-over-year growth 2024-2029 (%)
Exhibits 45: Data Table on Cloud based - Year-over-year growth 2024-2029 (%)
Exhibits 46: Chart on On-premises - Market size and forecast 2024-2029 ($ million)
Exhibits 47: Data Table on On-premises - Market size and forecast 2024-2029 ($ million)
Exhibits 48: Chart on On-premises - Year-over-year growth 2024-2029 (%)
Exhibits 49: Data Table on On-premises - Year-over-year growth 2024-2029 (%)
Exhibits 50: Market opportunity by Deployment ($ million)
Exhibits 51: Data Table on Market opportunity by Deployment ($ million)
Exhibits 52: Chart on End-user - Market share 2024-2029 (%)
Exhibits 53: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 54: Chart on Comparison by End-user
Exhibits 55: Data Table on Comparison by End-user
Exhibits 56: Chart on Large enterprises - Market size and forecast 2024-2029 ($ million)
Exhibits 57: Data Table on Large enterprises - Market size and forecast 2024-2029 ($ million)
Exhibits 58: Chart on Large enterprises - Year-over-year growth 2024-2029 (%)
Exhibits 59: Data Table on Large enterprises - Year-over-year growth 2024-2029 (%)
Exhibits 60: Chart on Small and medium enterprises - Market size and forecast 2024-2029 ($ million)
Exhibits 61: Data Table on Small and medium enterprises - Market size and forecast 2024-2029 ($ million)
Exhibits 62: Chart on Small and medium enterprises - Year-over-year growth 2024-2029 (%)
Exhibits 63: Data Table on Small and medium enterprises - Year-over-year growth 2024-2029 (%)
Exhibits 64: Market opportunity by End-user ($ million)
Exhibits 65: Data Table on Market opportunity by End-user ($ million)
Exhibits 66: Chart on Application - Market share 2024-2029 (%)
Exhibits 67: Data Table on Application - Market share 2024-2029 (%)
Exhibits 68: Chart on Comparison by Application
Exhibits 69: Data Table on Comparison by Application
Exhibits 70: Chart on Benefits enrollment and management - Market size and forecast 2024-2029 ($ million)
Exhibits 71: Data Table on Benefits enrollment and management - Market size and forecast 2024-2029 ($ million)
Exhibits 72: Chart on Benefits enrollment and management - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Benefits enrollment and management - Year-over-year growth 2024-2029 (%)
Exhibits 74: Chart on Benefits administration and compliance - Market size and forecast 2024-2029 ($ million)
Exhibits 75: Data Table on Benefits administration and compliance - Market size and forecast 2024-2029 ($ million)
Exhibits 76: Chart on Benefits administration and compliance - Year-over-year growth 2024-2029 (%)
Exhibits 77: Data Table on Benefits administration and compliance - Year-over-year growth 2024-2029 (%)
Exhibits 78: Chart on Employee self-service portals - Market size and forecast 2024-2029 ($ million)
Exhibits 79: Data Table on Employee self-service portals - Market size and forecast 2024-2029 ($ million)
Exhibits 80: Chart on Employee self-service portals - Year-over-year growth 2024-2029 (%)
Exhibits 81: Data Table on Employee self-service portals - Year-over-year growth 2024-2029 (%)
Exhibits 82: Chart on Reporting and analytics - Market size and forecast 2024-2029 ($ million)
Exhibits 83: Data Table on Reporting and analytics - Market size and forecast 2024-2029 ($ million)
Exhibits 84: Chart on Reporting and analytics - Year-over-year growth 2024-2029 (%)
Exhibits 85: Data Table on Reporting and analytics - Year-over-year growth 2024-2029 (%)
Exhibits 86: Market opportunity by Application ($ million)
Exhibits 87: Data Table on Market opportunity by Application ($ million)
Exhibits 88: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 89: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 90: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 91: Chart on Geographic comparison
Exhibits 92: Data Table on Geographic comparison
Exhibits 93: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 94: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 98: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 102: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 106: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 110: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on Mexico - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on Mexico - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on Mexico - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 153: Market opportunity By Geographical Landscape ($ million)
Exhibits 154: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 155: Impact of drivers and challenges in 2024 and 2029
Exhibits 156: Overview on criticality of inputs and factors of differentiation
Exhibits 157: Overview on factors of disruption
Exhibits 158: Impact of key risks on business
Exhibits 159: Companies covered
Exhibits 160: Company ranking index
Exhibits 161: Matrix on companies position and classification
Exhibits 162: Automatic Data Processing Inc. - Overview
Exhibits 163: Automatic Data Processing Inc. - Business segments
Exhibits 164: Automatic Data Processing Inc. - Key news
Exhibits 165: Automatic Data Processing Inc. - Key offerings
Exhibits 166: Automatic Data Processing Inc. - Segment focus
Exhibits 167: SWOT
Exhibits 168: Bamboo HR LLC - Overview
Exhibits 169: Bamboo HR LLC - Product / Service
Exhibits 170: Bamboo HR LLC - Key offerings
Exhibits 171: SWOT
Exhibits 172: Benefitfocus.com Inc. - Overview
Exhibits 173: Benefitfocus.com Inc. - Product / Service
Exhibits 174: Benefitfocus.com Inc. - Key offerings
Exhibits 175: SWOT
Exhibits 176: Benify AB - Overview
Exhibits 177: Benify AB - Product / Service
Exhibits 178: Benify AB - Key offerings
Exhibits 179: SWOT
Exhibits 180: Dayforce Inc. - Overview
Exhibits 181: Dayforce Inc. - Product / Service
Exhibits 182: Dayforce Inc. - Key news
Exhibits 183: Dayforce Inc. - Key offerings
Exhibits 184: SWOT
Exhibits 185: Deel Inc - Overview
Exhibits 186: Deel Inc - Product / Service
Exhibits 187: Deel Inc - Key offerings
Exhibits 188: SWOT
Exhibits 189: ELMO Software Ltd. - Overview
Exhibits 190: ELMO Software Ltd. - Product / Service
Exhibits 191: ELMO Software Ltd. - Key offerings
Exhibits 192: SWOT
Exhibits 193: EmPower HR - Overview
Exhibits 194: EmPower HR - Product / Service
Exhibits 195: EmPower HR - Key offerings
Exhibits 196: SWOT
Exhibits 197: Gusto - Overview
Exhibits 198: Gusto - Product / Service
Exhibits 199: Gusto - Key offerings
Exhibits 200: SWOT
Exhibits 201: Mercer LLC - Overview
Exhibits 202: Mercer LLC - Product / Service
Exhibits 203: Mercer LLC - Key offerings
Exhibits 204: SWOT
Exhibits 205: Paycom Software Inc. - Overview
Exhibits 206: Paycom Software Inc. - Product / Service
Exhibits 207: Paycom Software Inc. - Key offerings
Exhibits 208: SWOT
Exhibits 209: Paycor HCM Inc. - Overview
Exhibits 210: Paycor HCM Inc. - Product / Service
Exhibits 211: Paycor HCM Inc. - Key news
Exhibits 212: Paycor HCM Inc. - Key offerings
Exhibits 213: SWOT
Exhibits 214: PlanSource - Overview
Exhibits 215: PlanSource - Product / Service
Exhibits 216: PlanSource - Key offerings
Exhibits 217: SWOT
Exhibits 218: Rippling People Center Inc. - Overview
Exhibits 219: Rippling People Center Inc. - Product / Service
Exhibits 220: Rippling People Center Inc. - Key offerings
Exhibits 221: SWOT
Exhibits 222: Workday Inc. - Overview
Exhibits 223: Workday Inc. - Product / Service
Exhibits 224: Workday Inc. - Key news
Exhibits 225: Workday Inc. - Key offerings
Exhibits 226: SWOT
Exhibits 227: Inclusions checklist
Exhibits 228: Exclusions checklist
Exhibits 229: Currency conversion rates for US$
Exhibits 230: Research methodology
Exhibits 231: Information sources
Exhibits 232: Data validation
Exhibits 233: Validation techniques employed for market sizing
Exhibits 234: Data synthesis
Exhibits 235: 360 degree market analysis
Exhibits 236: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global benefits administration software market: Automatic Data Processing Inc., Bamboo HR LLC, Benefitfocus.com Inc., Benify AB, Businessolver, Dayforce Inc., Deel Inc, ELMO Software Ltd., EmPower HR, Gusto, Mercer LLC, Namely Inc., Paycom Software Inc., Paycor HCM Inc., PlanSource, Rippling People Center Inc., TELUS Corp., TriNet Group Inc., WEX Inc., and Workday Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing demand for user-friendly, mobile-accessible platforms."

According to the report, one of the major drivers for this market is the rising shift toward cloud-based solutions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Automatic Data Processing Inc.
  • Bamboo HR LLC
  • Benefitfocus.com Inc.
  • Benify AB
  • Businessolver
  • Dayforce Inc.
  • Deel Inc
  • ELMO Software Ltd.
  • EmPower HR
  • Gusto
  • Mercer LLC
  • Namely Inc.
  • Paycom Software Inc.
  • Paycor HCM Inc.
  • PlanSource
  • Rippling People Center Inc.
  • TELUS Corp.
  • TriNet Group Inc.
  • WEX Inc.
  • Workday Inc.

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