Press Resease

Cloud Based Payroll Software Market by Product Type (Free and Open-Source Software and Subscription-Based Software), by Organization Size (Small- and Medium-Sized Enterprises and Large Enterprises), by Application (Government, Banking, Financial Services, & Insurance, IT, Education, Defense, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Published Date: 11-Apr-2019 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-4018 Status : Published

Global cloud based payroll software market expected to generate around USD 13,374 million by 2026, at a CAGR of around 6.8% between 2019 and 2026. The introduction of cloud solutions in the payroll and HR domain is making revolutionary changes in services, for both the employees and employers.

Description

The report covers a forecast and an analysis of the cloud based payroll software market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the cloud based payroll software market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cloud based payroll software market on a global level.

In order to give the users of this report a comprehensive view of the cloud based payroll software market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Cloud Based Payroll Software Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

The study provides a decisive view of the cloud based payroll software market based on product, organization size, application, and region. By product, the market includes free and open-source software and subscription-based software. By organization size, the market includes small- and medium-sized enterprises and large enterprises. By application, the market includes government, banking, financial services, and insurance, IT, education, defense, and others. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players of the global cloud based payroll software market are Paycor, Inc., Paychex, Inc., Personnel Data Systems, Inc., Criterion, Inc., Sage Group, Lucerna, Accentra Technologies Limited, Workday, Inc., The Ultimate Software Group, Inc., Oracle Corporation, Zenefits Software, SAP Success Factors, Ascentis HR Software, FinancialForce Software, Kronos Software, IRIS Software Group, Ltd. and ADP.

This report segments the global cloud based payroll software market into:

Global Cloud Based Payroll Software Market: Product Type Analysis

  • Free and Open-Source Software 
  • Subscription-Based Software 

Global Cloud Based Payroll Software Market: Organization Size Analysis

  • Small- and Medium-Sized Enterprises
  • Large Enterprises

Global Cloud Based Payroll Software Market: Application Analysis

  • Government 
  • Defense
  • Education
  • Banking, Financial Services, and Insurance (BFSI)
  • IT
  • Others

Global Cloud Based Payroll Software Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Cloud Based Payroll Software Market, 2018-2026 (USD Million)
    • 2.2. Global Cloud Based Payroll Software Market: snapshot
  •  
  • Chapter 3. Cloud Based Payroll Software Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Cloud Based Payroll Software Market drivers: impact analysis
      • 3.2.2. Secured Cloud-Backup of Employee Data
      • 3.2.3. Ease of System Enhancements and Updates
      • 3.2.4. Advantages of On-Premises Solutions
    • 3.3. Market Restraints
      • 3.3.1. Global Cloud Based Payroll Software Market restraints: impact analysis
      • 3.3.2. Security Concerns
    • 3.4. Opportunities
      • 3.4.1. Growing Adoption of Cloud-Based Software Management by SMEs
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by product
      • 3.6.2. Market attractiveness analysis, by organization size
      • 3.6.3. Market attractiveness analysis, by application
      • 3.6.4. Market attractiveness analysis, by region
  •  
  • Chapter 4. Global Cloud Based Payroll Software Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Cloud Based Payroll Software Market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Cloud Based Payroll Software Market - Product Type Analysis
    • 5.1. Global Cloud Based Payroll Software Market: product type overview
      • 5.1.1. Global Cloud Based Payroll Software Market revenue share, by product type, 2018 and 2026
    • 5.2. Free and Open-source Software
      • 5.2.1. Global Cloud Based Payroll Software Market for Free and Open-source Software, 2018-2026 (USD Million)
    • 5.3. Subscription-based Software
      • 5.3.1. Global Cloud Based Payroll Software Market for Subscription-based Software, 2018-2026 (USD Million)
  •  
  • Chapter 6. Global Cloud Based Payroll Software Market - Organization Size Analysis
    • 6.1. Global Cloud Based Payroll Software Market: Organization Size overview
      • 6.1.1. Global Cloud Based Payroll Software Market revenue share, by organization size, 2018 and 2026
    • 6.2. Small- and Medium-Sized Enterprises
      • 6.2.1. Global Cloud Based Payroll Software Market for Small- and Medium-Sized Enterprises, 2018-2026 (USD Million)
    • 6.3. Large Enterprises
      • 6.3.1. Global Cloud Based Payroll Software Market for Large Enterprises, 2018-2026 (USD Million)
  •  
  • Chapter 7. Global Cloud Based Payroll Software Market - Application Analysis
    • 7.1. Global Cloud Based Payroll Software Market: application overview
      • 7.1.1. Global Cloud Based Payroll Software Market revenue share, by application, 2018 and 2026
    • 7.2. Government
      • 7.2.1. Global Cloud Based Payroll Software Market for Government, 2018-2026 (USD Million)
    • 7.3. Banking, Financial Services, & Insurance
      • 7.3.1. Global Cloud Based Payroll Software Market for Banking, Financial Services, & Insurance, 2018-2026 (USD Million)
    • 7.4. IT
      • 7.4.1. Global Cloud Based Payroll Software Market for IT, 2018-2026 (USD Million)
    • 7.5. Education
      • 7.5.1. Global Cloud Based Payroll Software Market for Education, 2018-2026 (USD Million)
    • 7.6. Defense
      • 7.6.1. Global Cloud Based Payroll Software Market for Defense, 2018-2026 (USD Million)
    • 7.7. Others
      • 7.7.1. Global Cloud Based Payroll Software Market for Others, 2018-2026 (USD Million)
  •  
  • Chapter 8. Global Cloud Based Payroll Software Market - Regional Analysis
    • 8.1. Global Cloud Based Payroll Software Market: regional overview
      • 8.1.1. Global Cloud Based Payroll Software Market revenue share, by region, 2018 and 2026
    • 8.2. North America
      • 8.2.1. North America Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
      • 8.2.2. North America Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
      • 8.2.3. North America Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
        • 8.2.4.2. The U.S. Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.2.4.3. The U.S. Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.2.5. Rest of North America
        • 8.2.5.1. Rest of North America Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
        • 8.2.5.2. Rest of North America Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.2.5.3. Rest of North America Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
      • 8.3.2. Europe Cloud-Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
      • 8.3.3. Europe Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.3.4. U.K.
        • 8.3.4.1. U.K. Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
        • 8.3.4.2. U.K. Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.3.4.3. U.K. Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
        • 8.3.5.2. Germany Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.3.5.3. Germany Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
        • 8.3.6.2. France Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.3.6.3. France Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.3.7. Italy
        • 8.3.7.1. Italy Cloud Based Payroll Software Market revenue, by product type, 2018-2026 (USD Million)
        • 8.3.7.2. Italy Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.3.7.3. Italy Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.3.8. Spain
        • 8.3.8.1. Spain Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.3.8.2. Spain Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.3.8.3. Spain Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.3.9. Rest of Europe
        • 8.3.9.1. Rest of Europe Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.3.9.2. Rest of Europe Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.3.9.3. Rest of Europe Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
      • 8.4.2. Asia Pacific Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
      • 8.4.3. Asia Pacific Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.4.4.2. China Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.4.4.3. China Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.4.5.2. Japan Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.4.5.3. Japan Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.4.6.2. India Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.4.6.3. India Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.4.7.2. Southeast Asia Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.4.7.3. Southeast Asia Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.4.8.2. Rest of Asia Pacific Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.4.8.3. Rest of Asia Pacific Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
      • 8.5.2. Latin America Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
      • 8.5.3. Latin America Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.5.4.2. Brazil Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.5.4.3. Brazil Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.5.5.2. Rest of Latin America Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.5.5.3. Rest of Latin America Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
      • 8.6.2. The Middle East and Africa Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
      • 8.6.3. The Middle East and Africa Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.6.4.2. GCC Countries Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.6.4.3. GCC Countries Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
      • 8.6.5. Rest of the Middle East and Africa
        • 8.6.5.1. Rest of the Middle East and Africa Cloud Based Payroll Software Market revenue, by product, 2018-2026 (USD Million)
        • 8.6.5.2. Rest of the Middle East and Africa Cloud Based Payroll Software Market revenue, by organization size, 2018-2026 (USD Million)
        • 8.6.5.3. Rest of the Middle East and Africa Cloud Based Payroll Software Market revenue, by application, 2018-2026 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Paycor, Inc.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Paychex, Inc.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Personnel Data Systems, Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Criterion, Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Sage Group
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Lucerna
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Accentra Technologies Limited
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Workday, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. The Ultimate Software Group, Inc.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Oracle Corporation
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Zenefits Software
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. SAP Success Factors
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments
    • 9.13. Ascentis HR Software
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product portfolio
      • 9.13.4. Business strategy
      • 9.13.5. Recent developments
    • 9.14. FinancialForce Software
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product portfolio
      • 9.14.4. Business strategy
      • 9.14.5. Recent developments
    • 9.15. Kronos Software
      • 9.15.1. Overview
      • 9.15.2. Financials
      • 9.15.3. Product portfolio
      • 9.15.4. Business strategy
      • 9.15.5. Recent developments
    • 9.16. IRIS Software Group, Ltd.
      • 9.16.1. Overview
      • 9.16.2. Financials
      • 9.16.3. Product portfolio
      • 9.16.4. Business strategy
      • 9.16.5. Recent developments
    • 9.17. ADP
      • 9.17.1. Overview
      • 9.17.2. Financials
      • 9.17.3. Product portfolio
      • 9.17.4. Business strategy
      • 9.17.5. Recent developments

Methodology

Free Analysis

Cloud based payroll software helps in automation, organization, and simplification of complex payment design and allows improving budget distributions, with upsurge accuracy and aligns payment decisions based on administrative guidelines. The introduction of cloud solutions in the payroll and HR domain is making revolutionary changes in services, for both the employees and employers. These new services are boosting the productivity and efficacy of organizations and giving employees better control of information. 

Enterprises are executing payroll software to obtain better understanding and compensation judgments while decreasing rotation times with precise, up-to-date, and auditable procedures. As the cloud-based payroll software offers improved and economic efficiency related to compensation and review processes, the cloud based payroll software market is expected to grow significantly over the forecast time period. Cloud-based solutions provide updates regarding the changes in law and inform users about the status of their compliances. These updates likewise enable businesses to make sound decisions. Moreover, manual and legacy payroll systems are known to limit information access to work and payroll-related data for managers and relevant users. However, all of this has changed as cloud-based payroll software allows companies to provide their employees access to required information.

Global Cloud Based Payroll Software Market

The global cloud based payroll software market is segmented based on product, organization size, and application. By product, the market includes free and open-source software and subscription-based software. The free and open-source software segment is anticipated to show the highest CAGR in the future. By organization size, the cloud based payroll software market includes small- and medium-sized enterprises and large enterprises. By application, the market includes government, banking, financial services, and insurance, IT, education, defense, and others.

By region, North America held a dominant share of the global cloud based payroll software market in 2018 and is anticipated to continue its dominance over the forthcoming years as well. Available treatment options, high awareness regarding the cloud-based payroll software, and increasing adoption of advanced digital methods to smoothen the workflow will drive the North American market over the forecast time period. Europe is estimated to hold the second largest share of the global cloud based payroll software market in the future. The Asia Pacific region cloud based payroll software market is expected to show the highest CAGR in the future, owing to rising investments and focus in healthcare data management, increasing awareness about cloud-based payroll software,  escalating research and development expenditure, and growing penetration of medium- and small-scale industrial base across the region.

Some key players of the global cloud based payroll software market are Paycor, Inc., Paychex, Inc., Personnel Data Systems, Inc., Criterion, Inc., Sage Group, Lucerna, Accentra Technologies Limited, Workday, Inc., The Ultimate Software Group, Inc., Oracle Corporation, Zenefits Software, SAP Success Factors, Ascentis HR Software, FinancialForce Software, Kronos Software, IRIS Software Group, Ltd. and ADP.

Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Accept

We have secured system to process your transaction.


We Are On Social