Payroll Software Market Report 2023 (Global Edition)

Global Payroll Software Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Payroll Software Industry growth. Payroll Software market has been segmented with the help of its Type, Application Deployment, and others. Payroll Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Payroll Software industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Payroll Software Market, By Type

The Software Revenue in Payroll Software is anticipated to reach USD 2,966.17 Million in 2028.

• Software

Payroll software is an application used to manage organization and automate payment of employees. The software integrates with cloud-based or on premise platform, which brings optimization in business process. The software tracks all payments and maintain records. The health insurance, pension, schemes, holiday or leave management automated by payroll software.

• Services

Payroll services offered by payroll service provider companies that can automatically process payroll calculations, tax statements, year-end taxes and more. Payroll services assist employees in meeting deadlines, deposit requirements, streamlining business operations. Online payroll services operate in the cloud assist employees and calculate overtime, holiday pay, taxes, and social security.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Payroll Software Industry. Request a Free Sample PDF!

Payroll Software Market, By Application

The Large Organizations Market Size in Payroll Software will be USD 3,529.65 Million by 2028.

• Large Organizations

Large organization has more than 1000 employees and presence across several regions. The payroll software integrating with cloud-based or on premise platform is used in the large organizations to optimize business process, reduce burden of payroll staff, HR department, automate salaries of employees and boost productivity in business, employee satisfaction.

• Medium Organizations

Medium scale organization use cloud-base or on premise payroll software to leverage its business and ensure safety, security and timely payments of salaries to employees.

• Small Organizations

Small scale organizations are with around 50-100 employees, these organization largely use payroll software solutions to manage organization, improve efficacy, and automates salaries or payments of employee in order to boost productivity in business.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Payroll Software market report 2023 Edition by contacting our team.

Payroll Software Deployment Segment Analysis

Payroll Software Market, By Deployment

The Cloud-based Revenue in Payroll Software is projected to reach USD 2,803.29 Million in 2028.

• Cloud-based

Cloud based payroll software helps business to improve their efficiency by deploying new software with minimum risk and reduced internal staffing requirements. It also allows them to pair greater reliability, security, and privacy with higher productivity, reduced cost, and quicker return on the minimal investment incurred.

• On-premises

On premise payroll software manages organizations, improved efficacy in business operation and automates employee’s salary, insurance, pension schemes.  On-premise payroll software limits access to system with software installed on local network. It requires significant investment, as access outside its limit is restricted in any organization.

• Cloud-based
• On-premises

Payroll Software Market Regional Analysis

Region and country analysis section of Payroll Software Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Payroll Software market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Company Profile

• SAP SE

SAP SE is a company based in Germany, and is engaged in providing enterprise software solutions to manage business operations and customer relations. SAP SE has diverse range of business segments including ERP and digital core, cloud and data platforms, procurement and networks, customer engagement and commerce, IoT and digital supply chain, core HR and payroll software solutions and finance.

Payroll Software Industry News:

February 2019    

• FC Bayern has adopted the SAP SuccessFactors Employee Central solution and optimized digital HR capabilities and its core human resource (HR) processes

August 2021    

• SAP SE has engaged in acquisition with Swoop Talent’s data and machine learning technology that enhanced human experience management (HXM), which prioritizes individualized employee experiences and dynamic opportunities that boost engagement, improve organizational agility and ultimately fuel business transformation.

Top Companies Market Share in Payroll Software Industry: (In no particular order of Rank)

• SAP
• Oracle (NetSuite)
• Automatic Data ProcessingInc.
• Pachex
• Microsoft
• Intuit
• Sage
• Workday
• IBM Corporation
• Infor
• Kronos
• Yonyou
• Epicor
• Unit4
• Xero
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables..