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  • Cloud-based Payroll Software Market Analysis 2025 by Top Player

    (I-SoftwareNews.Com, October 09, 2018 ) This report focuses on the global Cloud-based Payroll Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cloud-based Payroll Software development in United States, Europe and China.

    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.
    According to the report, one of the major drivers for this market is Reduction in TCO. For traditional on-site security software, TCO includes a high upfront software license cost and software implementation cost coupled with a high maintenance cost. In the case of cloud, cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration. In addition, the pricing model of cloud-based payroll software is based on the pay-per-use model, where customers pay according to their use of the services, as opposed to a traditional on-site model that requires a one-time substantial capital investment and ongoing operational costs.

    The key players covered in this study
    SAP Success Factors
    Ultimate Software
    Ceridian HCM
    IRIS Software
    Sage (UK)
    SmartPayroll Australia

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    Market segment by Type, the product can be split into
    Business Software
    Cloud ERP Software
    Services Automation

    Market segment by Application, split into
    Large Enterprises

    The study objectives of this report are:
    To analyze global Cloud-based Payroll Software status, future forecast, growth opportunity, key market and key players.
    To present the Cloud-based Payroll Software development in United States, Europe and China.
    To strategically profile the key players and comprehensively analyze their development plan and strategies.
    To define, describe and forecast the market by product type, market and key regions.

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    Table of Contents
    1 Report Overview
    2 Global Growth Trends
    3 Market Share by Key Players
    4 Breakdown Data by Type and Application
    5 United States
    6 Europe
    7 China
    8 Japan
    9 Southeast Asia
    10 India
    11 Central & South America
    12 International Players Profiles
    12.1 ADP
    12.1.1 ADP Company Details
    12.1.2 Company Description and Business Overview
    12.1.3 Cloud-based Payroll Software Introduction
    12.1.4 ADP Revenue in Cloud-based Payroll Software Business (2013-2018)
    12.1.5 ADP Recent Development
    12.2 CoreHR
    12.2.1 CoreHR Company Details
    12.2.2 Company Description and Business Overview
    12.2.3 Cloud-based Payroll Software Introduction
    12.2.4 CoreHR Revenue in Cloud-based Payroll Software Business (2013-2018)
    12.2.5 CoreHR Recent Development
    12.3 Oracle
    12.3.1 Oracle Company Details
    12.3.2 Company Description and Business Overview
    12.3.3 Cloud-based Payroll Software Introduction
    12.3.4 Oracle Revenue in Cloud-based Payroll Software Business (2013-2018)
    12.3.5 Oracle Recent Development

    Rajat Sahni


    Source: EmailWire.Com


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