Payroll software automates, organizes, and simplifies complex compensation planning and enables managers to improve budget allocations, increase accuracy, and align compensation decisions with organizational guidelines. Enterprises are implementing payroll software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. Cloud-based payroll software is being installed by companies as it is economical and improves the efficiency of the compensation and review processes. The growing acceptance of cloud-based payroll software can be attributed to its advantages over the traditional payroll process. Cloud-based payroll software enables organizations to access data and services remotely through a web-browser without installing and managing application software. Cloud-based payroll software also provides flexibility in the deployment and has a short implementation time. This reduces implementation cost and improves the return on investment. One of the main benefits of cloud-based payroll software is the ability to access it from anywhere.
This report contains market size and forecasts of Cloud-based Payroll Software in Global, including the following market information:
- Global Cloud-based Payroll Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global Cloud-based Payroll Software market was valued at 7428.6 million in 2021 and is projected to reach US$ 10640 million by 2028, at a CAGR of 5.3% during the forecast period.
- The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
- Business Software Segment to Reach $ Million by 2028, with a % CAGR in next six years.
- The global key manufacturers of Cloud-based Payroll Software include ADP, CoreHR, Oracle, Paychex, SAP Success Factors, Ultimate Software, Workday, Aditro and Advanced, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
- We surveyed the Cloud-based Payroll Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cloud-based Payroll Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Cloud-based Payroll Software Market Segment Percentages, by Type, 2021 (%)
- Business Software
- Cloud ERP Software
- Services Automation
Global Cloud-based Payroll Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Cloud-based Payroll Software Market Segment Percentages, by Application, 2021 (%)
Global Cloud-based Payroll Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Cloud-based Payroll Software Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Cloud-based Payroll Software revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Cloud-based Payroll Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ADP
- CoreHR
- Oracle
- Paychex
- SAP Success Factors
- Ultimate Software
- Workday
- Aditro
- Advanced
- Affinity
- Ascentis
- BenefitMall
- beqom
- Ceridian HCM
- CloudPay
- Datacom
- Execupay
- Gusto
- iAdmin
- IRIS Software
- Paycom
- Payroo
- Sage (UK)
- SmartPayroll Australia
