The Global HR Payroll Software Market was valued at USD 4.81 Billion in 2018, is projected to reach USD 9.34 Billion by the end of 2026, exhibiting a CAGR of 9.03%. Payroll and human resource (HR) are an important part in an organization which are responsible for looking after diverse functions, such as benefit deduction, bonus payment, vacation leaves, recruitment, salary hikes, and firing employees. This departments need to maintain important data, which is considered as confidential, including financial data, home addresses, employee information, and social security numbers. The deployment of payroll and HR software provides data confidentiality and access, process, operate, and manage organization’s several payroll and HR functions. The usage of payroll and HR software helps in decision-making and ease of doing business. This is expected to encourage the growth of the global payroll and HR software market in the forecasted period.
Market Overview:
The Application of HR payroll software helped the organizations in organising, integration, and simplification of complex business process, reliable processing, reporting, and secure data, management, and accuracy are the major factors attributed to the growth of the HR payroll software market. It helps the administration to take fast decision, avoid discrepancy in work, work effectively, which likely bolster the demand for HR payroll software market during the projected period.
The major key Vendors includes in the HR Payroll Software market are SAP, Oracle, Ultimate software, SumTotal Systems, Sage, Ascentis, SuccessFactors, Pay Focus, BambooHR, Intruit, Halogen Software, UltiPro, Vibe HCM, Patriot Payroll, ADP, Epicore
Report Description:
- The base year for the study has been considered 2018, historic year 2015, 2016, and 2017, the forecast period considered is from 2019 to 2026
- The study delivers a comprehensive analysis of HR Payroll Software Market by services, deployment, application, end user, and region
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026
- Porter’s Five Forces model is used in order to recognize the competitive scenario in the HR payroll software market. This report incorporates the industry analysis which is focused on providing an extensive view of the HR payroll software market
- The study also includes attractiveness analysis of vertical segment and region which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market
- The report provides company profile of the key players operating in the HR payroll software market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1 Report Overview
- 1.1 Study Scope
- 1.2 Key Market Segments
- 1.3 Players Covered
- 1.4 Market Analysis by Type
- 1.4.1 Global HR Payroll Software Market Size Growth Rate by Type (2013-2025)
- 1.4.2 Employee Self-Service Software
- 1.4.3 Claims Reimbursement Software
- 1.4.4 Leave Management Software
- 1.5 Market by Application
- 1.5.1 Global HR Payroll Software Market Share by Application (2013-2025)
- 1.5.2 Large Size Organizations
- 1.5.3 Medium and Small Size Organizations
- 1.6 Study Objectives
- 1.7 Years Considered
2 Global Growth Trends
- 2.1 HR Payroll Software Market Size
- 2.2 HR Payroll Software Growth Trends by Regions
- 2.2.1 HR Payroll Software Market Size by Regions (2013-2025)
- 2.2.2 HR Payroll Software Market Share by Regions (2013-2018)
- 2.3 Industry Trends
- 2.3.1 Market Top Trends
- 2.3.2 Market Drivers
- 2.3.3 Market Opportunities
3 Market Share by Key Players
- 3.1 HR Payroll Software Market Size by Manufacturers
- 3.1.1 Global HR Payroll Software Revenue by Manufacturers (2013-2018)
- 3.1.2 Global HR Payroll Software Revenue Market Share by Manufacturers (2013-2018)
- 3.1.3 Global HR Payroll Software Market Concentration Ratio (CR5 and HHI)
- 3.2 HR Payroll Software Key Players Head office and Area Served
- 3.3 Key Players HR Payroll Software Product/Solution/Service
- 3.4 Date of Enter into HR Payroll Software Market
- 3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
- 4.1 Global HR Payroll Software Market Size by Type (2013-2018)
- 4.2 Global HR Payroll Software Market Size by Application (2013-2018)
5 United States
- 5.1 United States HR Payroll Software Market Size (2013-2018)
- 5.2 HR Payroll Software Key Players in United States
- 5.3 United States HR Payroll Software Market Size by Type
- 5.4 United States HR Payroll Software Market Size by Application
6 Europe
- 6.1 Europe HR Payroll Software Market Size (2013-2018)
- 6.2 HR Payroll Software Key Players in Europe
- 6.3 Europe HR Payroll Software Market Size by Type
- 6.4 Europe HR Payroll Software Market Size by Application
7 China
- 7.1 China HR Payroll Software Market Size (2013-2018)
- 7.2 HR Payroll Software Key Players in China
- 7.3 China HR Payroll Software Market Size by Type
- 7.4 China HR Payroll Software Market Size by Application
8 Japan
- 8.1 Japan HR Payroll Software Market Size (2013-2018)
- 8.2 HR Payroll Software Key Players in Japan
- 8.3 Japan HR Payroll Software Market Size by Type
- 8.4 Japan HR Payroll Software Market Size by Application
9 Southeast Asia
- 9.1 Southeast Asia HR Payroll Software Market Size (2013-2018)
- 9.2 HR Payroll Software Key Players in Southeast Asia
- 9.3 Southeast Asia HR Payroll Software Market Size by Type
- 9.4 Southeast Asia HR Payroll Software Market Size by Application
10 India
- 10.1 India HR Payroll Software Market Size (2013-2018)
- 10.2 HR Payroll Software Key Players in India
- 10.3 India HR Payroll Software Market Size by Type
- 10.4 India HR Payroll Software Market Size by Application
11 Central & South America
- 11.1 Central & South America HR Payroll Software Market Size (2013-2018)
- 11.2 HR Payroll Software Key Players in Central & South America
- 11.3 Central & South America HR Payroll Software Market Size by Type
- 11.4 Central & South America HR Payroll Software Market Size by Application
12 International Players Profiles
- 12.1 SAP
- 12.1.1 SAP Company Details
- 12.1.2 Company Description and Business Overview
- 12.1.3 HR Payroll Software Introduction
- 12.1.4 SAP Revenue in HR Payroll Software Business (2013-2018)
- 12.1.5 SAP Recent Development
- 12.2 Oracle
- 12.2.1 Oracle Company Details
- 12.2.2 Company Description and Business Overview
- 12.2.3 HR Payroll Software Introduction
- 12.2.4 Oracle Revenue in HR Payroll Software Business (2013-2018)
- 12.2.5 Oracle Recent Development
- 12.3 Ultimate software
- 12.3.1 Ultimate software Company Details
- 12.3.2 Company Description and Business Overview
- 12.3.3 HR Payroll Software Introduction
- 12.3.4 Ultimate software Revenue in HR Payroll Software Business (2013-2018)
- 12.3.5 Ultimate software Recent Development
- 12.4 SumTotal Systems
- 12.4.1 SumTotal Systems Company Details
- 12.4.2 Company Description and Business Overview
- 12.4.3 HR Payroll Software Introduction
- 12.4.4 SumTotal Systems Revenue in HR Payroll Software Business (2013-2018)
- 12.4.5 SumTotal Systems Recent Development
- 12.5 Sage
- 12.5.1 Sage Company Details
- 12.5.2 Company Description and Business Overview
- 12.5.3 HR Payroll Software Introduction
- 12.5.4 Sage Revenue in HR Payroll Software Business (2013-2018)
- 12.5.5 Sage Recent Development
- 12.6 Ascentis
- 12.6.1 Ascentis Company Details
- 12.6.2 Company Description and Business Overview
- 12.6.3 HR Payroll Software Introduction
- 12.6.4 Ascentis Revenue in HR Payroll Software Business (2013-2018)
- 12.6.5 Ascentis Recent Development
- 12.7 SuccessFactors
- 12.7.1 SuccessFactors Company Details
- 12.7.2 Company Description and Business Overview
- 12.7.3 HR Payroll Software Introduction
- 12.7.4 SuccessFactors Revenue in HR Payroll Software Business (2013-2018)
- 12.7.5 SuccessFactors Recent Development
- 12.8 Pay Focus
- 12.8.1 Pay Focus Company Details
- 12.8.2 Company Description and Business Overview
- 12.8.3 HR Payroll Software Introduction
- 12.8.4 Pay Focus Revenue in HR Payroll Software Business (2013-2018)
- 12.8.5 Pay Focus Recent Development
- 12.9 BambooHR
- 12.9.1 BambooHR Company Details
- 12.9.2 Company Description and Business Overview
- 12.9.3 HR Payroll Software Introduction
- 12.9.4 BambooHR Revenue in HR Payroll Software Business (2013-2018)
- 12.9.5 BambooHR Recent Development
- 12.10 Intruit
- 12.10.1 Intruit Company Details
- 12.10.2 Company Description and Business Overview
- 12.10.3 HR Payroll Software Introduction
- 12.10.4 Intruit Revenue in HR Payroll Software Business (2013-2018)
- 12.10.5 Intruit Recent Development
- 12.11 Halogen Software
- 12.12 UltiPro
- 12.13 Vibe HCM
- 12.14 Patriot Payroll
- 12.15 ADP
- 12.16 Epicore
13 Market Forecast 2018-2025
- 13.1 Market Size Forecast by Regions
- 13.2 United States
- 13.3 Europe
- 13.4 China
- 13.5 Japan
- 13.6 Southeast Asia
- 13.7 India
- 13.8 Central & South America
- 13.9 Market Size Forecast by Product (2018-2025)
- 13.10 Market Size Forecast by Application (2018-2025)
14 Analyst's Viewpoints/Conclusions
15 Appendix
- 15.1 Research Methodology
- 15.1.1 Methodology/Research Approach
- 15.1.1.1 Research Programs/Design
- 15.1.1.2 Market Size Estimation
- 12.1.1.3 Market Breakdown and Data Triangulation
- 15.1.2 Data Source
- 15.1.2.1 Secondary Sources
- 15.1.2.2 Primary Sources
- 15.1.1 Methodology/Research Approach
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
