The payroll department plays a crucial role in human resources, wherein its primary task is to ensure that all the employees are paid accurately after the necessary deductions. Further, with the deployment of payroll software, the HR department is able to track the number of hours that each employee has worked; this data is utilized for calculating the salary compensation.... Research Beam Model: Research Beam Product ID: 2109330 5370 USD New
Cloud-based Payroll Software Market by Organization Size (Large Enterprises and SMEs) and Industry Vertical (Retail, Healthcare, Manufacturing, BFSI, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Cloud-based Payroll Software Market by Organization Size (Large Enterprises and SMEs) and Industry Vertical (Retail, Healthcare, Manufacturing, BFSI, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

 
  • Category : ICT & Media
  • Published On : September  2017
  • Pages : 136
 
 

The payroll department plays a crucial role in human resources, wherein its primary task is to ensure that all the employees are paid accurately after the necessary deductions. Further, with the deployment of payroll software, the HR department is able to track the number of hours that each employee has worked; this data is utilized for calculating the salary compensation.

The cloud-based payroll software market is driven by the secured cloud backup of employee data, ease of system enhancements & updates, and advantages over on-premise solutions. However, regulatory compliances and synchronizing domestic HR processes with global HR standards impede the market growth. Integration of various modules & software is opportunistic for the cloud-based payroll software market growth.

The global cloud-based payroll software market is segmented based on organizational size, industry vertical, and geography. The organizational size segment includes large enterprises and small & medium enterprises (SMEs). Based on industry vertical, the market is classified into retail; healthcare; manufacturing; banking, financial services, and insurance (BFSI); and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global cloud-based payroll software market that are profiled in the report include ADP, Inc., Sage Group, Zenefits Software, Kronos Incorporated, Ascentis HR Software, Oracle Corporation, Paycom Software, Inc., Ceridian HCM, Inc.(Morneau Sheppell Inc.), FinancialForce Software, and IRIS Software Group, Ltd.

KEY BENEFITS FOR STAKEHOLDERS

  • This study offers an analytical depiction of the global cloud-based payroll software market along with current trends and future estimations to determine the imminent investment pockets.
  • It presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the cloud-based payroll software industry.
  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the industry.

KEY MARKET SEGMENTS

BY ORGANIZATION SIZE

  • Large Enterprises
  • SMEs

BY INDUSTRY VERTICAL

  • Retail
  • Healthcare
  • Manufacturing
  • BFSI
  • Others

BY GEOGRAPHY

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY MARKET PLAYERS

  • ADP, Inc.
  • Sage Group
  • Zenefits Software
  • Kronos Incorporated
  • Ascentis HR Software
  • Oracle Corporation
  • Paycom Software, Inc.
  • Ceridian HCM, Inc. (Morneau Sheppell Inc.)
  • FinancialForce Software
  • IRIS Software Group, Ltd.

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. High threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High rivalry among market players
3.3.5. Moderate bargaining power of buyers

3.4. MARKET SHARE ANALYSIS (%), 2016
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Secured cloud-backup of employee data
3.5.1.2. Advantages over on-premise solutions
3.5.1.3. Ease of system enhancements & updates

3.5.2. Restraints

3.5.2.1. Security issues

3.5.3. Opportunities

3.5.3.1. Integration of modules

3.5.4. Top impacting factors

CHAPTER 4 CLOUD-BASED PAYROLL SOFTWARE MARKET, BY ORGANIZATION SIZE

4.1. OVERVIEW
4.2. LARGE ENTERPRISE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SMALL & MEDIUM ENTERPRISES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

CHAPTER 5 CLOUD-BASED PAYROLL SOFTWARE MARKET, BY INDUSTRY VERTICAL

5.1. OVERVIEW
5.2. RETAIL

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. HEALTHCARE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. MANUFACTURING

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. BFSI

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. OTHERS (GOVERNMENT, PROFESSIONAL SERVICES, HOSPITALITY, TRANSPORTATION, AND OTHERS)

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

CHAPTER 6 CLOUD-BASED PAYROLL SOFTWARE MARKET, BY GEOGRAPHY

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by organization size
6.2.4. Market size and forecast, by industry vertical
6.2.5. U.S.

6.2.5.1. Market size and forecast

6.2.6. Canada

6.2.6.1. Market size and forecast

6.2.7. Mexico

6.2.7.1. Market size and forecast

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by organization size
6.3.4. Market size and forecast, by industry vertical
6.3.5. Germany

6.3.5.1. Market size and forecast

6.3.6. UK

6.3.6.1. Market size and forecast

6.3.7. France

6.3.7.1. Market size and forecast

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by organization size
6.4.4. Market size and forecast, by industry vertical
6.4.5. China

6.4.5.1. Market size and forecast

6.4.6. Japan

6.4.6.1. Market size and forecast

6.4.7. India

6.4.7.1. Market size and forecast

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast, by organization size
6.5.4. Market size and forecast, by industry vertical
6.5.5. Latin America

6.5.5.1. Market size and forecast

6.5.6. Middle East

6.5.6.1. Market size and forecast

6.5.7. Africa

6.5.7.1. Market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. ADP, INC.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. ASCENTIS HR SOFTWARE

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments

7.3. MORNEAU SHEPELL INC. (CERIDIAN HCM, INC.)

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. FINANCIALFORCE SOFTWARE

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments

7.5. IRIS SOFTWARE GROUP, LTD.

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. KRONOS INCORPORATED

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. ORACLE CORPORATION

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments

7.8. PAYCOM SOFTWARE, INC.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. SAGE GROUP

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. ZENEFITS SOFTWARE

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY ORGANIZATION SIZE, 2016-2023($MILLION)
TABLE 2. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR LARGE ENTERPRISE, BY GEOGRAPHY, 2016-2023($MILLION)
TABLE 3. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR SMALL & MEDIUM ENTERPRISES, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 5. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR RETAIL, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR HEALTHCARE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR MANUFACTURING, BY GEOGRAPHY, 2017-2023 ($MILLION)
TABLE 8. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR BFSI, BY GEOGRAPHY, 2017-2023 ($MILLION)
TABLE 9. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE FOR OTHER INDUSTRY VERTICALS, BY GEOGRAPHY, 2017-2023 ($MILLION)
TABLE 10. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY GEOGRAPHY, 2017-2023 ($MILLION)
TABLE 11. NORTH AMERICAN CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY INDUSTRY VERTICAL, 2017-2023 ($MILLION)
TABLE 12. NORTH AMERICAN CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 13. U.S. CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 14. CANADA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE , 2017-2023 ($MILLION)
TABLE 15. MEXICO CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 16. EUROPE CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY INDUSTRY VERTICAL, 2017-2023 ($MILLION)
TABLE 17. EUROPE CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 18. GERMANY CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 19. UK CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 20. FRANCE CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 21. REST OF EUROPE CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 22. ASIA-PACIFIC CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 23. ASIA-PACIFIC CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. CHINA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 25. JAPAN CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE , 2017-2023 ($MILLION)
TABLE 26. INDIA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 27. REST OF ASIA-PACIFIC CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 28. LAMEA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY INDUSTRY VERTICAL, 2017-2023 ($MILLION)
TABLE 29. LAMEA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 30. LATIN AMERICA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 31. MIDDLE EAST CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, 2017-2023 ($MILLION)
TABLE 32. AFRICA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE , 2017-2023 ($MILLION)
TABLE 33. ADP: COMPANY SNAPSHOT
TABLE 34. ADP: OPERATING SEGMENTS
TABLE 35. ADP: PRODUCT PORTFOLIO
TABLE 36. ASCENTIS: COMPANY SNAPSHOT
TABLE 37. ASCENTIS: OPERATING SEGMENTS
TABLE 38. ASCENTIS: PRODUCT PORTFOLIO
TABLE 39. MORNEAU SHEPELL: COMPANY SNAPSHOT
TABLE 40. MORNEAU SHEPELL: OPERATING SEGMENTS
TABLE 41. MORNEAU SHEPELL: PRODUCT PORTFOLIO
TABLE 42. FINANCIALFORCE: COMPANY SNAPSHOT
TABLE 43. FINANCIALFORCE: OPERATING SEGMENTS
TABLE 44. FINANCIALFORCE: PRODUCT PORTFOLIO
TABLE 45. IRIS: COMPANY SNAPSHOT
TABLE 46. IRIS: OPERATING SEGMENTS
TABLE 47. IRIS: PRODUCT PORTFOLIO
TABLE 48. KRONOS: COMPANY SNAPSHOT
TABLE 49. KRONOS: OPERATING SEGMENTS
TABLE 50. KRONOS: PRODUCT PORTFOLIO
TABLE 51. ORACLE: COMPANY SNAPSHOT
TABLE 52. ORACLE: OPERATING SEGMENTS
TABLE 53. ORACLE: PRODUCT PORTFOLIO
TABLE 54. PAYCOM PAYCOM: COMPANY SNAPSHOT
TABLE 55. PAYCOM: OPERATING SEGMENTS
TABLE 56. PAYCOM: PRODUCT PORTFOLIO
TABLE 57. SAGE: COMPANY SNAPSHOT
TABLE 58. SAGE: OPERATING SEGMENTS
TABLE 59. SAGE: PRODUCT PORTFOLIO
TABLE 60. ZENEFITS: COMPANY SNAPSHOT
TABLE 61. ZENEFITS: OPERATING SEGMENTS
TABLE 62. ZENEFITS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. TOP WINNING STRATEGIES IN CLOUD-BASED PAYROLL SOFTWARE MARKET
FIGURE 4. TOP WINNING STRATEGY ANALYSIS
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. MARKET SHARE ANALYSIS OF CLOUD-BASED PAYROLL SOFTWARE COMPANIES (%), 2016
FIGURE 7. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY ORGANIZATION SIZE, 2015-2023 ($MILLION)
FIGURE 8. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR LARGE ENTERPRISES, 2016-2023 ($MILLION)
FIGURE 9. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR SMALL & MEDIUM ENTERPRISES, 2017-2023 ($MILLION)
FIGURE 10. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY INDUSTRY VERTICAL, 2017-2023 ($MILLION)
FIGURE 11. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR RETAIL, 2015-2023 ($MILLION)
FIGURE 12. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR BFSI, 2015-2023 ($MILLION)
FIGURE 13. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR MANUFACTURING, 2017-2023 ($MILLION)
FIGURE 14. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR BFSI, 2017-2023 ($MILLION)
FIGURE 15. GLOBAL CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, FOR OTHER INDUSTRY VERTICALS, 2015-2023 ($MILLION)
FIGURE 16. NORTH AMERICAN CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
FIGURE 17. EUROPE CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
FIGURE 18. ASIA-PACIFIC CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
FIGURE 19. LAMEA CLOUD-BASED PAYROLL SOFTWARE MARKET REVENUE, BY COUNTRY, 2017-2023 ($MILLION)
FIGURE 20. ADP: NET SALES, 2014-2016 ($MILLION)
FIGURE 21. ADP: REVENUE BY PRODUCT, 2016 (%)
FIGURE 22. ADP: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 23. MORNEAU SHEPELL: NET SALES, 2014-2016 ($MILLION)
FIGURE 24. MORNEAU SHEPELL: REVENUE BY GEOGRAPHY, 2016 (%)
FIGURE 25. ORACLE: NET SALES, 2015-2017 ($MILLION)
FIGURE 26. ORACLE: REVENUE BY PRODUCT, 2017 (%)
FIGURE 27. ORACLE: REVENUE BY GEOGRAPHY, 2017 (%)
FIGURE 28. PAYCOM: NET SALES, 2014-2016 ($MILLION)
FIGURE 29. SAGE: NET SALES, 2014-2016 ($MILLION)
FIGURE 30. SAGE: REVENUE BY GEOGRAPHY, 2017 (%)