+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Payroll & HR Solutions & Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026

  • ID: 4656145
  • Report
  • August 2018
  • Region: Global
  • 175 pages
  • Blueweave Consulting & Research Pvt Ltd
1 of 5

FEATURED COMPANIES

  • Intuit Inc.
  • Kronos Incorporated
  • Paychex, Inc.
  • Paycor, Inc.
  • Ramco Systems Limited
  • SAP SE
  • MORE
Payroll & HR solutions and services are transforming employees experience by providing time-saving, data-crunching features such as; real-time analytics, self-service and mobile friendly screens.

The global payroll & HR solutions & services market is expected to grow with a CAGR over 9.45% during the forecast period 2018-2026 and the market is projected to cross USD 43 Billion by 2026. Increasing adoption of cloud-based technologies in enterprises is driving the global payroll & HR solutions & services market. The growing requirement for managing the extensive workforce and increasing demand for changing traditional systems with improved global payroll & HR solutions & services platforms are anticipated to fuel market growth. The increase in complications in payroll system due to government rules and regulations need an economical system for payroll operations.

Increasing adoption of cloud-based technologies in enterprises is driving to be the leading segment of the overall payroll & HR solutions & services

HR payroll and software solution maintains data such as employee information, home address, social security number, financial and others. The software’s ability to provide customized solutions considering the current workforce dynamics exhibits high-growth potential.

Cloud based HR payroll service and solution provides better access. Moreover, a cloud based service allows business outsourced payroll systems to scale up with employees joining and exiting. Moreover, need for efficient management system further boosts the demand for payroll & HR solutions & services market. Talent management technology is one of the most rapidly changing trends in the global payroll & HR solutions & services market. Around 80% of enterprises are planning to purchase or upgrade their solutions in a talent platform. While enterprises which are using standalone software solutions continue in targeted functional areas that have unique requirements, more than half of the respondents are looking to replace former best-of-breed, highly customized or niche solutions with an integrated talent suite.

North America holds largest share of the global payroll & HR solutions & services market during the forecast period

Geographically, the global payroll & HR solutions & services market is bifurcated into North America, Asia Pacific, Europe, South America, and Middle East & Africa. North America has been the largest market for payroll & HR solutions & services, whereas Asia-Pacific is expected to witness the fastest growth among all regions during the forecast period. The anticipated growth in the market can be attributed to factors such as advancement in new technologies, growing digitalization, growth in software industry, and increasing adoption of business process solutions by small and medium scale enterprises in the region.

Payroll & HR Solutions & Services Market: Scope of the Report

The global market for payroll & HR solutions & services is segmented on the basis of deployment, enterprise size, solution, industry, and geography. On the basis of deployment, the market is segmented into cloud, on premise and hybrid. In 2017, the cloud segment accounted for the largest market share, in terms of revenue of the global payroll & HR solutions & services market. Furthermore, demand for cloud segment is expected to increase during the forecast period. On the basis of enterprise size, the global payroll & HR solutions & services market is bisected into small & medium enterprises and large enterprise. Based on the solution, the global payroll & HR solutions & services market is categorized into software and services. The software segment is further fragmented into suite and standalone. The standalone sub-segment is classified into payroll and compensation management, time and attendance management, compliance management, workforce management, claims administration, employee benefits management, hire management and others (tax management, report generation, etc.). On the basis of industry vertical, the market is divided into banking, financial services, and insurance (BFSI), government, healthcare, manufacturing, retail, telecom and IT, transportation and logistics and others.

Global Payroll & HR Solutions & Services Market: Competitive Dynamics

Major industry players in payroll & HR solutions & services market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for technologies and new product development. For instance, In May 2016, TMF Group has acquired Swain & Associates Inc., service provider of HR & payroll and accounting & tax, based in Toronto, Canada. The global payroll & HR solutions & services market includes key players such Automatic Data Processing, Inc. (ADP), Paycor, Inc., Paycom Software, Inc., TMF Group Holding B.V., SAP SE, Sage Group plc., Paychex, Inc., Ramco Systems Limited, Kronos Incorporated, Paycom Software, Inc., Paylocity Corporation, Ultimate Software Group, Oracle Corporation, Jobvite, Inc., Intuit Inc., TriNet Group, Inc. and among others.

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global payroll & HR solutions & services Market size & forecast. The report promises to provide state-of-the-art technology of payroll & HR solutions & services and industry insights which help decision makers to take sound strategic decisions.


This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Intuit Inc.
  • Kronos Incorporated
  • Paychex, Inc.
  • Paycor, Inc.
  • Ramco Systems Limited
  • SAP SE
  • MORE
1. Preface
1.1. Research Scope
1.2. Market Segmentation
1.3. Key Research Objectives

2. Assumptions and Research Methodology
2.1. Market Taxonomy – Segment Definitions
2.2. Research Methodology
2.2.1. List of Primary and Secondary Sources
2.3. Assumptions & Acronyms Used

3. Executive Summary: Global Payroll & HR Solutions & Services Market

4. Market Overview
4.1. Introduction: HR software overview & Major HR software vendors
4.2. Technology/Product Roadmap
4.3. Key Industry Developments
4.4. Advantages of HR & Payroll Solutions
4.5. Market Dynamics
4.5.1. Drivers
4.5.2. Restraints
4.5.3. Opportunities
4.6. Key Trend Analysis

5. Global Payroll & HR Solutions & Services Market Analysis and Forecast, 2016 – 2026
5.1. Market Revenue Analysis (US$ Mn )
5.2. Price Trend Analysis
5.3. Market CAGR Analysis By Region

6. Global Payroll & HR Solutions & Services Market, By Deployment
6.1. Overview and Definition
6.2. Key Segment Analysis
6.2.1. On Premise
6.2.2. Cloud
6.3. Market Size (US$ Mn ) Forecast, By Deployment, 2016 – 2026

7. Global Payroll & HR Solutions & Services Market, By Enterprise Size
7.1. Overview and Definition
7.2. Market Size (US$ Mn ) Forecast, By Enterprise, 2016 – 2026

8. Global Payroll & HR Solutions & Services Market, By Solution
8.1. Overview and Definition
8.2. Market Size (US$ Mn ) Forecast, By Solution, 2016 – 2026
8.2.1. Market Size (US$ Mn ) Forecast, By Software, 2016-2026

9. Global Payroll & HR Solutions & Services Market Analysis and Forecast, By Industry Vertical

10. Global Payroll & HR Solutions & Services Market , by Region
10.1.Regional Overview
10.2.Market Size & Forecast, By Region, 2016-2026
10.3.North America
10.3.1. Market Analysis
10.3.2. Market Dynamic Impact
10.3.3. Rules & Regulations (U.S.)
10.3.4. Canadian Payroll & HR Solutions & Services Market Revenue Analysis (in US$ Mn)
10.3.5. U.S. Payroll & HR Solutions & Services Market Revenue Analysis (in US$ Mn)
10.3.6. Market Size & Forecast, By Deployment , 2016-2026
10.3.7. Market Size & Forecast, By Enterprise Size, 2016-2026
10.3.8. Market Size & Forecast, By Solution, 2016-2026
10.3.9. Market Size & Forecast, By Software, 2016-2026
10.3.10. Market Size & Forecast, By Industry Vertical, 2016-2026
10.3.11. Market Size & Forecast, By Country, 2016-2026
10.3.12. North America Payroll & HR Solutions & Services Market Attractiveness Analysis by Deployment, Enterprise Size, Solution
10.3.13. North America Payroll & HR Solutions & Services Market Attractiveness Analysis by Country, Industry Vertical
10.4. Europe
10.4.1. Market Analysis
10.4.2. Market Dynamic Impact
10.4.3. Rules & Regulations
10.4.4. Europe Payroll & HR Solutions & Services Market Revenue Analysis (in US$ Mn)
10.4.5. Market Size & Forecast, By Deployment , 2016-2026
10.4.6. Market Size & Forecast, By Enterprise Size, 2016-2026
10.4.7. Market Size & Forecast, By Solution, 2016-2026
10.4.8. Market Size & Forecast, By Software, 2016-2026
10.4.9. Market Size & Forecast, By Industry Vertical, 2016-2026
10.4.10. Market Size & Forecast, By Country, 2016-2026
10.4.11. Europe Payroll & HR Solutions & Services Market Attractiveness Analysis by Deployment, Enterprise Size, Solution
10.4.12. Europe Payroll & HR Solutions & Services Market Attractiveness Analysis by Country, Industry Vertical
10.5. Asia Pacific
10.5.1. Market Analysis
10.5.2. Market Dynamic Impact
10.5.3. Rules & Regulations
10.5.4. India Payroll & HR Solutions & Services Market Revenue Analysis (in US$ Mn)
10.5.5. Market Size & Forecast, By Deployment , 2016-2026
10.5.6. Market Size & Forecast, By Enterprise Size, 2016-2026
10.5.7. Market Size & Forecast, By Solution, 2016-2026
10.5.8. Market Size & Forecast, By Software, 2016-2026
10.5.9. Market Size & Forecast, By Industry Vertical, 2016-2026
10.5.10. Market Size & Forecast, By Country, 2016-2026
10.5.11. Asia Pacific Payroll & HR Solutions & Services Market Attractiveness Analysis by Deployment, Enterprise Size, Solution
10.5.12. Asia Pacific Payroll & HR Solutions & Services Market Attractiveness Analysis by Country, Industry Vertical
10.6. Middle East and Africa
10.6.1. Market Analysis
10.6.2. Market Dynamic Impact
10.6.3. Market Size & Forecast, By Deployment , 2016-2026
10.6.4. Market Size & Forecast, By Enterprise Size, 2016-2026
10.6.5. Market Size & Forecast, By Solution, 2016-2026
10.6.6. Market Size & Forecast, By Software, 2016-2026
10.6.7. Market Size & Forecast, By Industry Vertical, 2016-2026
10.6.8. Market Size & Forecast, By Country, 2016-2026
10.6.9. Middle East & Africa Payroll & HR Solutions & Services Market Attractiveness Analysis by Deployment, Enterprise Size, Solution
10.6.10. Middle East & Africa Payroll & HR Solutions & Services Market Attractiveness Analysis by Country, Industry Vertical
10.7. South America
10.7.1. Market Analysis
10.7.2. Market Dynamic Impact
10.7.3. Market Size & Forecast, By Deployment , 2016-2026
10.7.4. Market Size & Forecast, By Enterprise Size, 2016-2026
10.7.5. Market Size & Forecast, By Solution, 2016-2026
10.7.6. Market Size & Forecast, By Software, 2016-2026
10.7.7. Market Size & Forecast, By Industry Vertical, 2016-2026
10.7.8. Market Size & Forecast, By Country, 2016-2026
10.7.9. South America Payroll & HR Solutions & Services Market Attractiveness Analysis by Deployment, Enterprise Size, Solution
10.7.10. South America Payroll & HR Solutions & Services Market Attractiveness Analysis by Country, Industry Vertical

11. Competition Landscape

12. Market Revenue Share Analysis (%), By Company (2017)

13. Company Profiles
13.1.Automatic Data Processing, Inc. (ADP)
13.1.1. Business Overview
13.1.2. Financial
13.1.3. Strategic Overview
13.2.SAP SE
13.2.1. Business Overview
13.2.2. Financial
13.2.3. Strategic Overview
13.3.Sage Group plc.
13.3.1. Business Overview
13.3.2. Financial
13.3.3. Strategic Overview
13.4.Paychex, Inc.
13.4.1. Business Overview
13.4.2. Financial
13.4.3. Strategic Overview
13.5.Ramco Systems Limited
13.5.1. Business Overview
13.5.2. Financial
13.5.3. Strategic Overview
13.6.TMF Group Holding B.V.
13.6.1. Business Overview
13.6.2. Financial
13.6.3. Strategic Overview
13.7.Kronos Incorporated
13.7.1. Business Overview
13.7.2. Financial
13.7.3. Strategic Overview
13.8.Paycor, Inc.
13.8.1. Business Overview
13.8.2. Financial
13.8.3. Strategic Overview
13.9.Paycom Software, Inc.
13.9.1. Business Overview
13.9.2. Financial
13.9.3. Strategic Overview
13.10. Paylocity Corporation
13.10.1. Business Overview
13.10.2. Financial
13.10.3. Strategic Overview
13.11. Ultimate Software Group
13.11.1. Business Overview
13.11.2. Financial
13.11.3. Strategic Overview
13.12. Oracle Corporation
13.12.1. Business Overview
13.12.2. Financial
13.12.3. Strategic Overview
13.13. Jobvite, Inc.
13.13.1. Business Overview
13.13.2. Financial
13.13.3. Strategic Overview
13.14. Intuit Inc.
13.14.1. Business Overview
13.14.2. Financial
13.14.3. Strategic Overview
13.15. TriNet Group, Inc.
13.15.1. Business Overview
13.15.2. Financial
13.15.3. Strategic Overview

14. Key Takeaways

Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Automatic Data Processing, Inc. (ADP)
  • SAP SE
  • Sage Group plc.
  • Paychex, Inc.
  • Ramco Systems Limited
  • TMF Group Holding B.V.
  • Kronos Incorporated
  • Paycor, Inc.
  • Paycom Software, Inc.
  • Paylocity Corporation
  • Ultimate Software Group
  • Oracle Corporation
  • Jobvite, Inc.
  • Intuit Inc.
  • TriNet Group, Inc.
Note: Product cover images may vary from those shown
5 of 5

Loading
LOADING...

Adroll
adroll