HR Payroll Software Market By Component, By Deployment Mode, By Organization size, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

The HR payroll software is used to manage all the employees' financial records in a standard and automated way. It manages employees' salaries, deductions, net pay, bonuses, generates pay-slips, and other conveyances. By automating employee or faculty management and payroll processing, HR payroll software reduces the hassles of managing vast amounts of data. In addition, it streamlines all the payroll-related processes and allows the administrator to pay on-time & accurate amounts of salary to all the employees or staffs. This software provides benefits such as salary calculation & processing, provident fund (PF), and income tax calculation. In addition, it saves money & time and allows the organization to execute multiple tasks at the same time. Furthermore, it allows efficient and fast processing of financial transaction. Moreover, it eliminates manual process and improves accuracy & productivity by reduction of approval process. In addition, the HR payroll software provides industries with flexibility and scalability to enable a smooth integration of business processes, which ultimately support the market growth.

Factors such as surge in demand for cloud-based HR payroll software and rise in adoption of innovative technology increase business productivity, thus drive the growth of the market. In addition, surge in automation of HR processes, for providing greater efficiency, strengthens the market growth. Furthermore, increase in investment for AI-oriented HR payroll software and rise in adoption of app-based HR payroll software are expected to provide the lucrative growth opportunities for the market in the upcoming years. However, data security & privacy concerns and shortage of payroll professional hamper the market growth.

The HR payroll software market is segmented into component, deployment mode, organization size, industry vertical, and region. By component, it is bifurcated into software and services. On the basis of deployment mode, it is segregated into cloud and on-premises. Depending on industry vertical, it is segregated into BFSI, retail, manufacturing, transportation & logistics, healthcare, IT & telecom, and others. By organization size, it is categorized into small to medium enterprise (SMEs) and large-scale enterprise. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players operating in the HR payroll software market, include ADP, LLC, Ascentis Corporation, Cornerstone OnDemand, Inc., Epicore Software, Oracle Corporation, Patriot software, Paycom software inc., Sage Plc, SAP SE and SumTotal Systems, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the HR payroll software market globally.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the HR payroll software market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the HR payroll software market size is provided.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the global HR payroll software market.
The quantitative analysis of the HR payroll software market from 2021 to 2031 is provided to determine the HR payroll software market potential.

Key Market Segments

By Component

Software
Services

By Deployment Mode

On-Premises
Cloud

By Organization size

Large Enterprises
SMEs

By Industry Vertical

BFSI
Retail
Manufacturing
Transportation and Logistics
IT and Telecom
Healthcare
Others

By Region

North America
- U.S.
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ADP, LLC
- Ascentis Corporation
- Cornerstone OnDemand, Inc.
- Epicore Software
- Oracle Corporation
- Patriot software
- Paycom software inc
- Sage Plc.
- SAP SE
- SumTotal Systems Inc.

Product Code: A16446

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Regulatory Guidelines

CHAPTER 4: HR PAYROLL SOFTWARE MARKET, BY COMPONENT

4.1 Overview
- 4.1.1 Market size and forecast
4.2 Software
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
4.3 Services
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country

CHAPTER 5: HR PAYROLL SOFTWARE MARKET, BY DEPLOYMENT MODE

5.1 Overview
- 5.1.1 Market size and forecast
5.2 On-Premises
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
5.3 Cloud
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country

CHAPTER 6: HR PAYROLL SOFTWARE MARKET, BY ORGANIZATION SIZE

6.1 Overview
- 6.1.1 Market size and forecast
6.2 Large Enterprises
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
6.3 SMEs
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country

CHAPTER 7: HR PAYROLL SOFTWARE MARKET, BY INDUSTRY VERTICAL

7.1 Overview
- 7.1.1 Market size and forecast
7.2 BFSI
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
7.3 Retail
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
7.4 Manufacturing
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
7.5 Transportation and Logistics
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market analysis by country
7.6 IT and Telecom
- 7.6.1 Key market trends, growth factors and opportunities
- 7.6.2 Market size and forecast, by region
- 7.6.3 Market analysis by country
7.7 Healthcare
- 7.7.1 Key market trends, growth factors and opportunities
- 7.7.2 Market size and forecast, by region
- 7.7.3 Market analysis by country
7.8 Others
- 7.8.1 Key market trends, growth factors and opportunities
- 7.8.2 Market size and forecast, by region
- 7.8.3 Market analysis by country

CHAPTER 8: HR PAYROLL SOFTWARE MARKET, BY REGION

8.1 Overview
- 8.1.1 Market size and forecast
8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Component
- 8.2.3 North America Market size and forecast, by Deployment Mode
- 8.2.4 North America Market size and forecast, by Organization size
- 8.2.5 North America Market size and forecast, by Industry Vertical
- 8.2.6 North America Market size and forecast, by country
  - 8.2.6.1 U.S.
  - 8.2.6.1.1 Market size and forecast, by Component
  - 8.2.6.1.2 Market size and forecast, by Deployment Mode
  - 8.2.6.1.3 Market size and forecast, by Organization size
  - 8.2.6.1.4 Market size and forecast, by Industry Vertical
  - 8.2.6.2 Canada
  - 8.2.6.2.1 Market size and forecast, by Component
  - 8.2.6.2.2 Market size and forecast, by Deployment Mode
  - 8.2.6.2.3 Market size and forecast, by Organization size
  - 8.2.6.2.4 Market size and forecast, by Industry Vertical
8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Component
- 8.3.3 Europe Market size and forecast, by Deployment Mode
- 8.3.4 Europe Market size and forecast, by Organization size
- 8.3.5 Europe Market size and forecast, by Industry Vertical
- 8.3.6 Europe Market size and forecast, by country
  - 8.3.6.1 United Kingdom
  - 8.3.6.1.1 Market size and forecast, by Component
  - 8.3.6.1.2 Market size and forecast, by Deployment Mode
  - 8.3.6.1.3 Market size and forecast, by Organization size
  - 8.3.6.1.4 Market size and forecast, by Industry Vertical
  - 8.3.6.2 Germany
  - 8.3.6.2.1 Market size and forecast, by Component
  - 8.3.6.2.2 Market size and forecast, by Deployment Mode
  - 8.3.6.2.3 Market size and forecast, by Organization size
  - 8.3.6.2.4 Market size and forecast, by Industry Vertical
  - 8.3.6.3 France
  - 8.3.6.3.1 Market size and forecast, by Component
  - 8.3.6.3.2 Market size and forecast, by Deployment Mode
  - 8.3.6.3.3 Market size and forecast, by Organization size
  - 8.3.6.3.4 Market size and forecast, by Industry Vertical
  - 8.3.6.4 Italy
  - 8.3.6.4.1 Market size and forecast, by Component
  - 8.3.6.4.2 Market size and forecast, by Deployment Mode
  - 8.3.6.4.3 Market size and forecast, by Organization size
  - 8.3.6.4.4 Market size and forecast, by Industry Vertical
  - 8.3.6.5 Spain
  - 8.3.6.5.1 Market size and forecast, by Component
  - 8.3.6.5.2 Market size and forecast, by Deployment Mode
  - 8.3.6.5.3 Market size and forecast, by Organization size
  - 8.3.6.5.4 Market size and forecast, by Industry Vertical
  - 8.3.6.6 Rest of Europe
  - 8.3.6.6.1 Market size and forecast, by Component
  - 8.3.6.6.2 Market size and forecast, by Deployment Mode
  - 8.3.6.6.3 Market size and forecast, by Organization size
  - 8.3.6.6.4 Market size and forecast, by Industry Vertical
8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Component
- 8.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
- 8.4.4 Asia-Pacific Market size and forecast, by Organization size
- 8.4.5 Asia-Pacific Market size and forecast, by Industry Vertical
- 8.4.6 Asia-Pacific Market size and forecast, by country
  - 8.4.6.1 China
  - 8.4.6.1.1 Market size and forecast, by Component
  - 8.4.6.1.2 Market size and forecast, by Deployment Mode
  - 8.4.6.1.3 Market size and forecast, by Organization size
  - 8.4.6.1.4 Market size and forecast, by Industry Vertical
  - 8.4.6.2 India
  - 8.4.6.2.1 Market size and forecast, by Component
  - 8.4.6.2.2 Market size and forecast, by Deployment Mode
  - 8.4.6.2.3 Market size and forecast, by Organization size
  - 8.4.6.2.4 Market size and forecast, by Industry Vertical
  - 8.4.6.3 Japan
  - 8.4.6.3.1 Market size and forecast, by Component
  - 8.4.6.3.2 Market size and forecast, by Deployment Mode
  - 8.4.6.3.3 Market size and forecast, by Organization size
  - 8.4.6.3.4 Market size and forecast, by Industry Vertical
  - 8.4.6.4 Australia
  - 8.4.6.4.1 Market size and forecast, by Component
  - 8.4.6.4.2 Market size and forecast, by Deployment Mode
  - 8.4.6.4.3 Market size and forecast, by Organization size
  - 8.4.6.4.4 Market size and forecast, by Industry Vertical
  - 8.4.6.5 South Korea
  - 8.4.6.5.1 Market size and forecast, by Component
  - 8.4.6.5.2 Market size and forecast, by Deployment Mode
  - 8.4.6.5.3 Market size and forecast, by Organization size
  - 8.4.6.5.4 Market size and forecast, by Industry Vertical
  - 8.4.6.6 Rest of Asia-Pacific
  - 8.4.6.6.1 Market size and forecast, by Component
  - 8.4.6.6.2 Market size and forecast, by Deployment Mode
  - 8.4.6.6.3 Market size and forecast, by Organization size
  - 8.4.6.6.4 Market size and forecast, by Industry Vertical
8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Component
- 8.5.3 LAMEA Market size and forecast, by Deployment Mode
- 8.5.4 LAMEA Market size and forecast, by Organization size
- 8.5.5 LAMEA Market size and forecast, by Industry Vertical
- 8.5.6 LAMEA Market size and forecast, by country
  - 8.5.6.1 Latin America
  - 8.5.6.1.1 Market size and forecast, by Component
  - 8.5.6.1.2 Market size and forecast, by Deployment Mode
  - 8.5.6.1.3 Market size and forecast, by Organization size
  - 8.5.6.1.4 Market size and forecast, by Industry Vertical
  - 8.5.6.2 Middle East
  - 8.5.6.2.1 Market size and forecast, by Component
  - 8.5.6.2.2 Market size and forecast, by Deployment Mode
  - 8.5.6.2.3 Market size and forecast, by Organization size
  - 8.5.6.2.4 Market size and forecast, by Industry Vertical
  - 8.5.6.3 Africa
  - 8.5.6.3.1 Market size and forecast, by Component
  - 8.5.6.3.2 Market size and forecast, by Deployment Mode
  - 8.5.6.3.3 Market size and forecast, by Organization size
  - 8.5.6.3.4 Market size and forecast, by Industry Vertical

CHAPTER 9: COMPANY LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES

10.1 ADP, LLC
- 10.1.1 Company overview
- 10.1.2 Company snapshot
- 10.1.3 Operating business segments
- 10.1.4 Product portfolio
- 10.1.5 Business performance
- 10.1.6 Key strategic moves and developments
10.2 Ascentis Corporation
- 10.2.1 Company overview
- 10.2.2 Company snapshot
- 10.2.3 Operating business segments
- 10.2.4 Product portfolio
- 10.2.5 Business performance
- 10.2.6 Key strategic moves and developments
10.3 Cornerstone OnDemand, Inc.
- 10.3.1 Company overview
- 10.3.2 Company snapshot
- 10.3.3 Operating business segments
- 10.3.4 Product portfolio
- 10.3.5 Business performance
- 10.3.6 Key strategic moves and developments
10.4 Epicore Software
- 10.4.1 Company overview
- 10.4.2 Company snapshot
- 10.4.3 Operating business segments
- 10.4.4 Product portfolio
- 10.4.5 Business performance
- 10.4.6 Key strategic moves and developments
10.5 Oracle Corporation
- 10.5.1 Company overview
- 10.5.2 Company snapshot
- 10.5.3 Operating business segments
- 10.5.4 Product portfolio
- 10.5.5 Business performance
- 10.5.6 Key strategic moves and developments
10.6 Patriot software
- 10.6.1 Company overview
- 10.6.2 Company snapshot
- 10.6.3 Operating business segments
- 10.6.4 Product portfolio
- 10.6.5 Business performance
- 10.6.6 Key strategic moves and developments
10.7 Paycom software inc
- 10.7.1 Company overview
- 10.7.2 Company snapshot
- 10.7.3 Operating business segments
- 10.7.4 Product portfolio
- 10.7.5 Business performance
- 10.7.6 Key strategic moves and developments
10.8 Sage Plc.
- 10.8.1 Company overview
- 10.8.2 Company snapshot
- 10.8.3 Operating business segments
- 10.8.4 Product portfolio
- 10.8.5 Business performance
- 10.8.6 Key strategic moves and developments
10.9 SAP SE
- 10.9.1 Company overview
- 10.9.2 Company snapshot
- 10.9.3 Operating business segments
- 10.9.4 Product portfolio
- 10.9.5 Business performance
- 10.9.6 Key strategic moves and developments
10.10 SumTotal Systems Inc.
- 10.10.1 Company overview
- 10.10.2 Company snapshot
- 10.10.3 Operating business segments
- 10.10.4 Product portfolio
- 10.10.5 Business performance
- 10.10.6 Key strategic moves and developments