Cloud-based Payroll Software Market by Application (Government Sector, Defense Sector, Education Academia Sector, BFSI Sector, IT Sector); by Product Type (Free and Open-source software, Non-free Software); by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 – 2026

Report ID :AMI-36 | Category : Information & Technology | Published Date : May, 2018 | Pages : 245 | Format :PDF

Industry Trends

Cloud-based Payroll software provides the ability to store programs and data related to payroll on a remote system that can be accessed by any computer with an internet connection. There has been an increasing demand for global cloud-based payroll software market due to the increasing need of accuracy and remote access. The cloud-based payroll software is being implemented to reduce the number of errors and increase HR productivity.

The Cloud-based Payroll Software Market was valued at US$ 8.19 Bn in 2017 and is expected to reach US$ 11.27 Bn by 2022.

Cloud-based Payroll Software Market, By Application, 2018 - 2026 (US$ Billion)

Cloud-based Payroll Software Market, By Application

On the basis of application, government sector occupied the largest market share in 2017. A cloud-based payroll software provides an opportunity to automate government form. It provides the option to avoid both filling up forms by hand and the long queues involved in processing those forms. Moreover, this segment is estimated to be the most attractive segment in the forecast period as it offers benefits such as automatic and accurate calculation of exact amount each employee should be paid. It also helps to keep a track of each employee’s work record such as shift differentials, overtime, absences, taxes, and benefit deductions, which was otherwise difficult to manage using a traditional payroll method is further driving the government segment.

Cloud-based Payroll Software Market, By Region

On the basis of geographical segmentation, the North American market, represented the largest market share in 2017. Employers are expected to follow the local legislation and companies hoping to take advantage of the business-friendly environment in the United States must have a payroll database system and clear understanding of the complicated payroll and employment laws at local, state and federal levels or else risk hefty fines for non-compliance. This has resulted in higher adoption of payroll software and driving the market in North America.

Competitive Landscape

The report provides both, qualitative and quantitative research of the Cloud-based Payroll Software Market, as well as provides accurate insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as Mergers & Acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their corporate headquarter, competitors, product/service type, application and specification, pricing, and gross margin.

Some of the primary participants of Global Cloud-based Payroll Software Market are Zenefits Software, Kronos Software, PDS Vista HRMS, Vibe HCM Software, FinancialForce Software, Ascentis HR Software, Paycor Software, Sage HRMS Software, BambooHR Software, and Criterion Software amongst others.

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Cloud-based Payroll Software Industry Background

1. Introduction

1.1. Market Scope

1.2. Market Segmentation

1.3. Methodology

1.4. Assumptions

2. Cloud-based Payroll Software Market Snapshot

3. Executive Summary: Cloud-based Payroll Software Market

4. Qualitative Analysis: Cloud-based Payroll Software Market

4.1. Introduction

4.1.1. Product Definition

4.1.2. Industry Development

4.2. Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunities

4.3. Trends in Market

5. Global Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

5.1. Overview

5.1.1. Global Market Revenue (US$ Mn) and Forecasts

5.2. Global Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

5.2.1. Government Sector

5.2.1.1. Definition

5.2.1.2. Market Penetration

5.2.1.3. Market Revenue Expected to Increase by 2026

5.2.1.4. Compound Annual Growth Rate (CAGR)

5.2.2. Defense Sector

5.2.2.1. Definition

5.2.2.2. Market Penetration

5.2.2.3. Market Revenue Expected to Increase by 2026

5.2.2.4. Compound Annual Growth Rate (CAGR)

5.2.3. Education Academia Sector

5.2.3.1. Definition

5.2.3.2. Market Penetration

5.2.3.3. Market Revenue Expected to Increase by 2026

5.2.3.4. Compound Annual Growth Rate (CAGR)

5.2.4. BFSI Sector

5.2.4.1. Definition

5.2.4.2. Market Penetration

5.2.4.3. Market Revenue Expected to Increase by 2026

5.2.4.4. Compound Annual Growth Rate (CAGR)

5.2.5. IT Sector

5.2.5.1. Definition

5.2.5.2. Market Penetration

5.2.5.3. Market Revenue Expected to Increase by 2026

5.2.5.4. Compound Annual Growth Rate (CAGR)

5.3. Key Segment for Channeling Investments

5.3.1. By Application

6. Global Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

6.1. Overview

6.2. Global Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

6.2.1. Free and Open-source Software

6.2.1.1. Definition

6.2.1.2. Market Penetration

6.2.1.3. Market Revenue Expected to Increase by 2026

6.2.1.4. Compound Annual Growth Rate (CAGR)

6.2.2. Non-free Software

6.2.2.1. Definition

6.2.2.2. Market Penetration

6.2.2.3. Market Revenue Expected to Increase by 2026

6.2.2.4. Compound Annual Growth Rate (CAGR)

6.3. Key Segment for Channeling Investments

6.3.1. By Product Type

7. North America Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

7.1. Overview

7.1.1. North America Market Revenue (US$ Mn)

7.2. North America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

7.2.1. Government Sector

7.2.2. Defense Sector

7.2.3. Education Academia Sector

7.2.4. BFSI Sector

7.2.5. IT Sector

7.3. North America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

7.3.1. Free and Open-source Software

7.3.2. Non-free Software

7.4. North America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Country

7.4.1. U.S.

7.4.1.1. U.S. Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

7.4.1.1.1. Government Sector

7.4.1.1.2. Defense Sector

7.4.1.1.3. Education Academia Sector

7.4.1.1.4. BFSI Sector

7.4.1.1.5. IT Sector

7.4.1.2. U.S. Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

7.4.1.2.1. Free and Open-source Software

7.4.1.2.2. Non-free Software

7.4.2. Rest of North America

7.4.2.1. Rest of North America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

7.4.2.1.1. Government Sector

7.4.2.1.2. Defense Sector

7.4.2.1.3. Education Academia Sector

7.4.2.1.4. BFSI Sector

7.4.2.1.5. IT Sector

7.4.2.2. Rest of North America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

7.4.2.2.1. Free and Open-source Software

7.4.2.2.2. Non-free Software

7.5. Key Segment for Channeling Investments

7.5.1. By Country

7.5.2. By Application

7.5.3. By Product Type

8. Europe Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

8.1. Overview

8.1.1. Europe Market Revenue (US$ Mn)

8.2. Europe Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.2.1. Government Sector

8.2.2. Defense Sector

8.2.3. Education Academia Sector

8.2.4. BFSI Sector

8.2.5. IT Sector

8.3. Europe Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.3.1. Free and Open-source Software

8.3.2. Non-free Software

8.4. Europe Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Country

8.4.1. France

8.4.1.1. France Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.4.1.1.1. Government Sector

8.4.1.1.2. Defense Sector

8.4.1.1.3. Education Academia Sector

8.4.1.1.4. BFSI Sector

8.4.1.1.5. IT Sector

8.4.1.2. France Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.4.1.2.1. Free and Open-source Software

8.4.1.2.2. Non-free Software

8.4.2. The UK

8.4.2.1. The UK Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.4.2.1.1. Government Sector

8.4.2.1.2. Defense Sector

8.4.2.1.3. Education Academia Sector

8.4.2.1.4. BFSI Sector

8.4.2.1.5. IT Sector

8.4.2.2. The UK Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.4.2.2.1. Free and Open-source Software

8.4.2.2.2. Non-free Software

8.4.3. Spain

8.4.3.1. Spain Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.4.3.1.1. Government Sector

8.4.3.1.2. Defense Sector

8.4.3.1.3. Education Academia Sector

8.4.3.1.4. BFSI Sector

8.4.3.1.5. IT Sector

8.4.3.2. Spain Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.4.3.2.1. Free and Open-source Software

8.4.3.2.2. Non-free Software

8.4.4. Germany

8.4.4.1. Germany Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.4.4.1.1. Government Sector

8.4.4.1.2. Defense Sector

8.4.4.1.3. Education Academia Sector

8.4.4.1.4. BFSI Sector

8.4.4.1.5. IT Sector

8.4.4.2. Germany Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.4.4.2.1. Free and Open-source Software

8.4.4.2.2. Non-free Software

8.4.5. Italy

8.4.5.1. Italy Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.4.5.1.1. Government Sector

8.4.5.1.2. Defense Sector

8.4.5.1.3. Education Academia Sector

8.4.5.1.4. BFSI Sector

8.4.5.1.5. IT Sector

8.4.5.2. Italy Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.4.5.2.1. Free and Open-source Software

8.4.5.2.2. Non-free Software

8.4.6. Rest of Europe

8.4.6.1. Rest of Europe Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

8.4.6.1.1. Government Sector

8.4.6.1.2. Defense Sector

8.4.6.1.3. Education Academia Sector

8.4.6.1.4. BFSI Sector

8.4.6.1.5. IT Sector

8.4.6.2. Rest of Europe Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

8.4.6.2.1. Free and Open-source Software

8.4.6.2.2. Non-free Software

8.5. Key Segment for Channeling Investments

8.5.1. By Country

8.5.2. By Application

8.5.3. By Product Type

9. Asia Pacific Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

9.1. Overview

9.1.1. Asia Pacific Market Revenue (US$ Mn)

9.2. Asia Pacific Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

9.2.1. Government Sector

9.2.2. Defense Sector

9.2.3. Education Academia Sector

9.2.4. BFSI Sector

9.2.5. IT Sector

9.3. Asia Pacific Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

9.3.1. Free and Open-source Software

9.3.2. Non-free Software

9.4. Asia Pacific Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Country

9.4.1. China

9.4.1.1. China Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

9.4.1.1.1. Government Sector

9.4.1.1.2. Defense Sector

9.4.1.1.3. Education Academia Sector

9.4.1.1.4. BFSI Sector

9.4.1.1.5. IT Sector

9.4.1.2. China Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

9.4.1.2.1. Free and Open-source Software

9.4.1.2.2. Non-free Software

9.4.2. Japan

9.4.2.1. Japan Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

9.4.2.1.1. Government Sector

9.4.2.1.2. Defense Sector

9.4.2.1.3. Education Academia Sector

9.4.2.1.4. BFSI Sector

9.4.2.1.5. IT Sector

9.4.2.2. Japan Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

9.4.2.2.1. Free and Open-source Software

9.4.2.2.2. Non-free Software

9.4.3. India

9.4.3.1. India Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

9.4.3.1.1. Government Sector

9.4.3.1.2. Defense Sector

9.4.3.1.3. Education Academia Sector

9.4.3.1.4. BFSI Sector

9.4.3.1.5. IT Sector

9.4.3.2. India Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

9.4.3.2.1. Free and Open-source Software

9.4.3.2.2. Non-free Software

9.4.4. Southeast Asia

9.4.4.1. Southeast Asia Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

9.4.4.1.1. Government Sector

9.4.4.1.2. Defense Sector

9.4.4.1.3. Education Academia Sector

9.4.4.1.4. BFSI Sector

9.4.4.1.5. IT Sector

9.4.4.2. Southeast Asia Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

9.4.4.2.1. Free and Open-source Software

9.4.4.2.2. Non-free Software

9.4.5. Rest of Asia Pacific

9.4.5.1. Rest of Asia Pacific Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

9.4.5.1.1. Government Sector

9.4.5.1.2. Defense Sector

9.4.5.1.3. Education Academia Sector

9.4.5.1.4. BFSI Sector

9.4.5.1.5. IT Sector

9.4.5.2. Rest of Asia Pacific Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

9.4.5.2.1. Free and Open-source Software

9.4.5.2.2. Non-free Software

9.5. Key Segment for Channeling Investments

9.5.1. By Country

9.5.2. By Application

9.5.3. By Product Type

10. Middle East and Africa Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

10.1. Overview

10.1.1. Middle East and Africa Market Revenue (US$ Mn)

10.2. Middle East and Africa Market Revenue (US$ Mn) and Forecasts, By Application

10.2.1. Government Sector

10.2.2. Defense Sector

10.2.3. Education Academia Sector

10.2.4. BFSI Sector

10.2.5. IT Sector

10.3. Middle East and Africa Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

10.3.1. Free and Open-source Software

10.3.2. Non-free Software

10.4. Middle East and Africa Market Revenue (US$ Mn) and Forecasts, By Country

10.4.1. GCC Countries

10.4.1.1. GCC Countries Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

10.4.1.1.1. Government Sector

10.4.1.1.2. Defense Sector

10.4.1.1.3. Education Academia Sector

10.4.1.1.4. BFSI Sector

10.4.1.1.5. IT Sector

10.4.1.2. GCC Countries Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.1.2.1. Free and Open-source Software

10.4.1.2.2. Non-free Software

10.4.2. Southern Africa

10.4.2.1. Southern Africa Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

10.4.2.1.1. Government Sector

10.4.2.1.2. Defense Sector

10.4.2.1.3. Education Academia Sector

10.4.2.1.4. BFSI Sector

10.4.2.1.5. IT Sector

10.4.2.2. Southern Africa Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.2.2.1. Free and Open-source Software

10.4.2.2.2. Non-free Software

10.4.3. Rest of MEA

10.4.3.1. Rest of MEA Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

10.4.3.1.1. Government Sector

10.4.3.1.2. Defense Sector

10.4.3.1.3. Education Academia Sector

10.4.3.1.4. BFSI Sector

10.4.3.1.5. IT Sector

10.4.3.2. Rest of MEA Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

10.4.3.2.1. Free and Open-source Software

10.4.3.2.2. Non-free Software

10.5. Key Segment for Channeling Investments

10.5.1. By Country

10.5.2. By Application

10.5.3. By Product Type

11. Latin America Cloud-based Payroll Software Market Analysis and Forecasts, 2018 – 2026

11.1. Overview

11.1.1. Latin America Market Revenue (US$ Mn)

11.2. Latin America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

11.2.1. Government Sector

11.2.2. Defense Sector

11.2.3. Education Academia Sector

11.2.4. BFSI Sector

11.2.5. IT Sector

11.3. Latin America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

11.3.1. Free and Open-source Software

11.3.2. Non-free Software

11.4. Latin America Market Revenue (US$ Mn) and Forecasts, By Country

11.4.1. Brazil

11.4.1.1. Brazil Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

11.4.1.1.1. Government Sector

11.4.1.1.2. Defense Sector

11.4.1.1.3. Education Academia Sector

11.4.1.1.4. BFSI Sector

11.4.1.1.5. IT Sector

11.4.1.2. Brazil Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.1.2.1. Free and Open-source Software

11.4.1.2.2. Non-free Software

11.4.2. Rest of Latin America

11.4.2.1. Rest of Latin America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Application

11.4.2.1.1. Government Sector

11.4.2.1.2. Defense Sector

11.4.2.1.3. Education Academia Sector

11.4.2.1.4. BFSI Sector

11.4.2.1.5. IT Sector

11.4.2.2. Rest of Latin America Cloud-based Payroll Software Market Revenue (US$ Mn) and Forecasts, By Product Type

11.4.2.2.1. Free and Open-source Software

11.4.2.2.2. Non-free Software

11.5. Key Segment for Channeling Investments

11.5.1. By Country

11.5.2. By Application

11.5.3. By Product Type

12. Competitive Benchmarking

12.1. Player Positioning Analysis

12.2. Global Presence and Growth Strategies

13. Player Profiles

13.1. Ascentis HR Software

13.1.1. Company Details

13.1.2. Company Overview

13.1.3. Product Offerings

13.1.4. Key Developments

13.1.5. Financial Analysis

13.1.6. SWOT Analysis

13.1.7. Business Strategies

13.2. BambooHR Software

13.2.1. Company Details

13.2.2. Company Overview

13.2.3. Product Offerings

13.2.4. Key Developments

13.2.5. Financial Analysis

13.2.6. SWOT Analysis

13.2.7. Business Strategies

13.3. Criterion Software

13.3.1. Company Details

13.3.2. Company Overview

13.3.3. Product Offerings

13.3.4. Key Developments

13.3.5. Financial Analysis

13.3.6. SWOT Analysis

13.3.7. Business Strategies

13.4. FinancialForce Software

13.4.1. Company Details

13.4.2. Company Overview

13.4.3. Product Offerings

13.4.4. Key Developments

13.4.5. Financial Analysis

13.4.6. SWOT Analysis

13.4.7. Business Strategies

13.5. Kronos Software

13.5.1. Company Details

13.5.2. Company Overview

13.5.3. Product Offerings

13.5.4. Key Developments

13.5.5. Financial Analysis

13.5.6. SWOT Analysis

13.5.7. Business Strategies

13.6. Paycor Software

13.6.1. Company Details

13.6.2. Company Overview

13.6.3. Product Offerings

13.6.4. Key Developments

13.6.5. Financial Analysis

13.6.6. SWOT Analysis

13.6.7. Business Strategies

13.7. PDS Vista HRMS

13.7.1. Company Details

13.7.2. Company Overview

13.7.3. Product Offerings

13.7.4. Key Developments

13.7.5. Financial Analysis

13.7.6. SWOT Analysis

13.7.7. Business Strategies

13.8. Sage HRMS Software

13.8.1. Company Details

13.8.2. Company Overview

13.8.3. Product Offerings

13.8.4. Key Developments

13.8.5. Financial Analysis

13.8.6. SWOT Analysis

13.8.7. Business Strategies

13.9. Vibe HCM Software

13.9.1. Company Details

13.9.2. Company Overview

13.9.3. Product Offerings

13.9.4. Key Developments

13.9.5. Financial Analysis

13.9.6. SWOT Analysis

13.9.7. Business Strategies

13.10. Zenefits Software

13.10.1. Company Details

13.10.2. Company Overview

13.10.3. Product Offerings

13.10.4. Key Developments

13.10.5. Financial Analysis

13.10.6. SWOT Analysis

13.10.7. Business Strategies

Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion.

At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.

Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.

Prominent participants in our primary research process include:

Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
Research and development participants, distributors/suppliers and subject matter experts

Secondary Research includes data extracted from paid data sources: