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Cloud-based Payroll Software Market

Cloud-based Payroll Software Market Market Research Report – Segmented By Organization Size (SMALL & MEDIUM ENTERPRISES), By Industry Vertical (HEALTHCARE, MANUFACTURING, BFSI, OTHERS (GOVERNMENT, PROFESSIONAL SERVICES, HOSPITALITY, TRANSPORTATION, AND OTHERS)) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Cloud-based Payroll Software Market from Consainsights analyses the Cloud-based Payroll Software Market Market in the Technology & Media industry over the forecast period to 2027.

Figure 1: Cloud-based Payroll Software Market Size, 2019-2027

Cloud-based Payroll Software Market research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Cloud-based Payroll Software Market segmentation includes Organization Size, Industry Vertical and Geography.

All segmentations encompasses the key innovations and micro & macro trends, companies/manufacturers operating in this space along with their usage and penetration with respect to the wide range of End Users. Additionally, market sizing information along with the key factors such as market drivers, restraints, opportunities and challenges which are likely to be influencing the market growth are outlined in this report.

Based on the Organization Size, the Cloud-based Payroll Software Market analysis covers SMALL & MEDIUM ENTERPRISES.

Figure 2: Cloud-based Payroll Software Market Share (%), Organization Size 2021

Based on the Industry Vertical, the Cloud-based Payroll Software Market analysis covers HEALTHCARE, MANUFACTURING, BFSI, OTHERS (GOVERNMENT, PROFESSIONAL SERVICES, HOSPITALITY, TRANSPORTATION, AND OTHERS).

Figure 3: Cloud-based Payroll Software Market Share (%), Industry Vertical 2021

Key companies operating in the market include ADP, INC., ASCENTIS HR SOFTWARE, MORNEAU SHEPELL INC. (CERIDIAN HCM, INC.), FINANCIALFORCE SOFTWARE, IRIS SOFTWARE GROUP, LTD., KRONOS INCORPORATED, ORACLE CORPORATION, PAYCOM SOFTWARE, INC., SAGE GROUP, ZENEFITS SOFTWARE and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Moreover, the competitive analysis includes the companies deals such as Mergers, Acquisitions, Partnerships and so on along with the expansion areas focusing on the additional geographies, future insights for success and market share analysis. Major players strategies include the launch of the innovative product lines along with the emphasis on the partnerships and acquisitions to standardize their market share in the market space.

Market Research methodology includes the triangulation of the data from the data sources such as Primary Market Research approach and Secondary Market Research Approach along with the data from the trade bodies and industry standard publications and data sources. Primary inputs from the industry experts and the market respondents from the respective industries to obtain very critical information to assess the future growth prospects of the market. The final data is triangulated and thoroughly validated considering all the data sources using the bottom-up and the top-down approaches to estimate the market sizing of the individual segments.

Market Overview

Definition & Scope

  • The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
  • The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
  • The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
  • Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
  • Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
  • As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

By Organization Size

Introduction

By By Organization Size, The Cloud-based Payroll Software Market analysis covers SMALL & MEDIUM ENTERPRISES.

Table: 1: Cloud-based Payroll Software Market Size, By By Organization Size

SMALL & MEDIUM ENTERPRISES

The SMALL & MEDIUM ENTERPRISES segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

By Industry Vertical

Introduction

By By Industry Vertical, The Cloud-based Payroll Software Market analysis covers HEALTHCARE, MANUFACTURING, BFSI, OTHERS (GOVERNMENT, PROFESSIONAL SERVICES, HOSPITALITY, TRANSPORTATION, AND OTHERS).

Table: 2: Cloud-based Payroll Software Market Size, By By Industry Vertical

HEALTHCARE

The HEALTHCARE segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

MANUFACTURING

The MANUFACTURING segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

BFSI

The BFSI segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

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

The OTHERS (GOVERNMENT, PROFESSIONAL SERVICES, HOSPITALITY, TRANSPORTATION, AND OTHERS) segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Company Analysis

Introduction

Key companies operating in the market include ADP, INC., ASCENTIS HR SOFTWARE, MORNEAU SHEPELL INC. (CERIDIAN HCM, INC.), FINANCIALFORCE SOFTWARE, IRIS SOFTWARE GROUP, LTD., KRONOS INCORPORATED, ORACLE CORPORATION, PAYCOM SOFTWARE, INC., SAGE GROUP, ZENEFITS SOFTWARE and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.