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Cloud Based Payroll Software Market – By Product Type (Free & Open-source Software and Subscription based Software), By Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), and By Application (Government, IT Sector, Defense, BFSI (Banking, Financial Services, and Insurance), Education, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027

  • Publish On: Sep-2019
  • Total Pages: 110
  • Report Code: FAF-57
  • Base Year: 2018
  • Format:

Industry Insights

The report covers the forecast and analysis of the cloud based payroll software market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the cloud based payroll software market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cloud based payroll software market on a global level.

In order to give the users of this report a comprehensive view of the cloud based payroll software market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the cloud based payroll software market by segmenting the market based on the product type, organization size, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Cost-effectiveness in deployment and up-gradation with the latest anti-virus protection along with system improvements will steer the market expansion over the forecast timeline. In addition to this, cloud-based payroll software also informs the users about their compliance status as well as changes in the regulations or rules of the firm. It also helps the firms provide the staff access to their information on the web portal. Nonetheless, growing concerns over security as well as the confidentiality of the employee data can pose a threat to the growth of the market over the forecast period.

Based on the product type, the market for cloud based payroll software is divided into Free & Open-source Software and Subscription-based Software. In terms of organization size, the industry is classified into Small & Medium-Sized Enterprises and Large Enterprises. Application-wise, the market is divided into Government, IT Sector, Defense, BFSI (Banking, Financial Services, and Insurance), Education, and Others.

Key players involved in the cloud based payroll software industry includes The Ultimate Software Group, Inc., IRIS Software Group, Ltd., Sage Group plc, Lucerna, LLC, Paycor, Inc., Paychex, Inc., Ascentis HR Software, Accentra Technologies Limited, Kronos Software, Personnel Data Systems, Inc., SAP Success Factors,  Criterion, Inc., Workday, Inc., Oracle Corporation, Zenefits Software, FinancialForce Software, and ADP, LLC.

Table of Content

  • Chapter 1. Executive Summary 22
  • Chapter 2. Cloud Based Payroll Software market - Product type Analysis 25
    • 2.1. Global Cloud Based Payroll Software Market - Product type Overview 25
    • 2.2. Global Cloud Based Payroll Software Market Share, by Product type, 2018 & 2025 (USD Million) 25
    • 2.3. Free and Open-source Software 27
      • 2.3.1. Global Free and Open-source Software Cloud Based Payroll Software Market, 2016-2026 (USD Million) 27
    • 2.4. Subscription based Software 28
      • 2.4.1. Global Subscription based Software Cloud Based Payroll Software Market, 2016-2026 (USD Million) 28
  • Chapter 3. Cloud Based Payroll Software market - Organization Size Analysis 28
    • 3.1. Global Cloud Based Payroll Software Market - Organization Size Overview 28
    • 3.2. Global Cloud Based Payroll Software Market Share, by Organization Size, 2018 & 2025 (USD Million) 29
    • 3.3. Small and Medium-Sized Enterprises 30
      • 3.3.1. Global Small and Medium-Sized Enterprises Cloud Based Payroll Software Market, 2016-2026 (USD Million) 30
    • 3.4. Large Enterprises 31
      • 3.4.1. Global Large Enterprises Cloud Based Payroll Software Market, 2016-2026 (USD Million) 31
  • Chapter 4. Cloud Based Payroll Software market - Application Analysis 31
    • 4.1. Global Cloud Based Payroll Software Market - Application Overview 31
    • 4.2. Global Cloud Based Payroll Software Market Share, by Application, 2018 & 2025 (USD Million) 32
    • 4.3. Government 33
      • 4.3.1. Global Government Cloud Based Payroll Software Market, 2016-2026 (USD Million) 33
    • 4.4. Defense 34
      • 4.4.1. Global Defense Cloud Based Payroll Software Market, 2016-2026 (USD Million) 34
    • 4.5. Education 35
      • 4.5.1. Global Education Cloud Based Payroll Software Market, 2016-2026 (USD Million) 35
    • 4.6. Banking, Financial Services and Insurance (BFSI) 36
      • 4.6.1. Global Banking, Financial Services and Insurance (BFSI) Cloud Based Payroll Software Market, 2016-2026 (USD Million) 36
    • 4.7. IT Sector 37
      • 4.7.1. Global IT Sector Cloud Based Payroll Software Market, 2016-2026 (USD Million) 37
    • 4.8. Others 38
      • 4.8.1. Global Others Cloud Based Payroll Software Market, 2016-2026 (USD Million) 38
  • Chapter 5. Cloud Based Payroll Software market - Regional Analysis 39
    • 5.1. Global Cloud Based Payroll Software Market Regional Overview 39
    • 5.2. Global Cloud Based Payroll Software Market Share, by Region, 2018 & 2025 (Value) 39
    • 5.3. North America 41
      • 5.3.1. North America Cloud Based Payroll Software Market size and forecast, 2016-2026 41
      • 5.3.2. North America Cloud Based Payroll Software Market, by Country, 2018 & 2025 (USD Million) 41
      • 5.3.3. North America Cloud Based Payroll Software Market, by Product type, 2016-2026 43
        • 5.3.3.1. North America Cloud Based Payroll Software Market, by Product type, 2016-2026 (USD Million) 43
      • 5.3.4. North America Cloud Based Payroll Software Market, by Organization Size, 2016-2026 44
        • 5.3.4.1. North America Cloud Based Payroll Software Market, by Organization Size, 2016-2026 (USD Million) 44
      • 5.3.5. North America Cloud Based Payroll Software Market, by Application, 2016-2026 45
        • 5.3.5.1. North America Cloud Based Payroll Software Market, by Application, 2016-2026 (USD Million) 45
      • 5.3.6. U.S. 46
        • 5.3.6.1. U.S. Market size and forecast, 2016-2026 (USD Million) 46
      • 5.3.7. Canada 47
        • 5.3.7.1. Canada Market size and forecast, 2016-2026 (USD Million) 47
    • 5.4. Europe 48
      • 5.4.1. Europe Cloud Based Payroll Software Market size and forecast, 2016-2026 48
      • 5.4.2. Europe Cloud Based Payroll Software Market, by Country, 2018 & 2025 (USD Million) 48
      • 5.4.3. Europe Cloud Based Payroll Software Market, by Product type, 2016-2026 50
        • 5.4.3.1. Europe Cloud Based Payroll Software Market, by Product type, 2016-2026 (USD Million) 50
      • 5.4.4. Europe Cloud Based Payroll Software Market, by Organization Size, 2016-2026 51
        • 5.4.4.1. Europe Cloud Based Payroll Software Market, by Organization Size, 2016-2026 (USD Million) 51
      • 5.4.5. Europe Cloud Based Payroll Software Market, by Application, 2016-2026 52
        • 5.4.5.1. Europe Cloud Based Payroll Software Market, by Application, 2016-2026 (USD Million) 52
      • 5.4.6. Germany 53
        • 5.4.6.1. Germany Market size and forecast, 2016-2026 (USD Million) 53
      • 5.4.7. France 54
        • 5.4.7.1. France Market size and forecast, 2016-2026 (USD Million) 54
      • 5.4.8. U.K. 55
        • 5.4.8.1. U.K. Market size and forecast, 2016-2026 (USD Million) 55
      • 5.4.9. Italy 56
        • 5.4.9.1. Italy Market size and forecast, 2016-2026 (USD Million) 56
      • 5.4.10. Spain 57
        • 5.4.10.1. Spain Market size and forecast, 2016-2026 (USD Million) 57
      • 5.4.11. Rest of Europe 58
        • 5.4.11.1. Rest of Europe Market size and forecast, 2016-2026 (USD Million) 58
    • 5.5. Asia Pacific 59
      • 5.5.1. Asia Pacific Cloud Based Payroll Software Market size and forecast, 2016-2026 59
      • 5.5.2. Asia Pacific Cloud Based Payroll Software Market, by Country, 2018 & 2025 (USD Million) 59
      • 5.5.3. Asia Pacific Cloud Based Payroll Software Market, by Product type, 2016-2026 61
        • 5.5.3.1. Asia Pacific Cloud Based Payroll Software Market, by Product type, 2016-2026 (USD Million) 61
      • 5.5.4. Asia Pacific Cloud Based Payroll Software Market, by Organization Size, 2016-2026 62
        • 5.5.4.1. Asia Pacific Cloud Based Payroll Software Market, by Organization Size, 2016-2026 (USD Million) 62
      • 5.5.5. Asia Pacific Cloud Based Payroll Software Market, by Application, 2016-2026 63
        • 5.5.5.1. Asia Pacific Cloud Based Payroll Software Market, by Application, 2016-2026 (USD Million) 63
      • 5.5.6. China 64
        • 5.5.6.1. China Market size and forecast, 2016-2026 (USD Million) 64
      • 5.5.7. Japan 65
        • 5.5.7.1. Japan Market size and forecast, 2016-2026 (USD Million) 65
      • 5.5.8. India 66
        • 5.5.8.1. India Market size and forecast, 2016-2026 (USD Million) 66
      • 5.5.9. South Korea 67
        • 5.5.9.1. South Korea Market size and forecast, 2016-2026 (USD Million) 67
      • 5.5.10. South-East Asia 68
        • 5.5.10.1. South-East Asia Market size and forecast, 2016-2026 (USD Million) 68
      • 5.5.11. Rest of Asia Pacific 69
        • 5.5.11.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Million) 69
    • 5.6. Latin America 70
      • 5.6.1. Latin America Cloud Based Payroll Software Market size and forecast, 2016-2026 70
      • 5.6.2. Latin America Cloud Based Payroll Software Market, by Country, 2018 & 2025 (USD Million) 70
      • 5.6.3. Latin America Cloud Based Payroll Software Market, by Product type, 2016-2026 72
        • 5.6.3.1. Latin America Cloud Based Payroll Software Market, by Product type, 2016-2026 (USD Million) 72
      • 5.6.4. Latin America Cloud Based Payroll Software Market, by Organization Size, 2016-2026 73
        • 5.6.4.1. Latin America Cloud Based Payroll Software Market, by Organization Size, 2016-2026 (USD Million) 73
      • 5.6.5. Latin America Cloud Based Payroll Software Market, by Application, 2016-2026 74
        • 5.6.5.1. Latin America Cloud Based Payroll Software Market, by Application, 2016-2026 (USD Million) 74
      • 5.6.6. Brazil 75
        • 5.6.6.1. Brazil Market size and forecast, 2016-2026 (USD Million) 75
      • 5.6.7. Mexico 76
        • 5.6.7.1. Mexico Market size and forecast, 2016-2026 (USD Million) 76
      • 5.6.8. Rest of Latin America 77
        • 5.6.8.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Million) 77
    • 5.7. The Middle-East and Africa 78
      • 5.7.1. The Middle-East and Africa Cloud Based Payroll Software Market size and forecast, 2016-2026 78
      • 5.7.2. The Middle-East and Africa Cloud Based Payroll Software Market, by Country, 2018 & 2025 (USD Million) 78
      • 5.7.3. The Middle-East and Africa Cloud Based Payroll Software Market, by Product type, 2016-2026 80
        • 5.7.3.1. The Middle-East and Africa Cloud Based Payroll Software Market, by Product type, 2016-2026 (USD Million) 80
      • 5.7.4. The Middle-East and Africa Cloud Based Payroll Software Market, by Organization Size, 2016-2026 81
        • 5.7.4.1. The Middle-East and Africa Cloud Based Payroll Software Market, by Organization Size, 2016-2026 (USD Million) 81
      • 5.7.5. The Middle-East and Africa Cloud Based Payroll Software Market, by Application, 2016-2026 82
        • 5.7.5.1. The Middle-East and Africa Cloud Based Payroll Software Market, by Application, 2016-2026 (USD Million) 82
      • 5.7.6. GCC Countries 83
        • 5.7.6.1. GCC Countries Market size and forecast, 2016-2026 (USD Million) 83
      • 5.7.7. South Africa 84
        • 5.7.7.1. South Africa Market size and forecast, 2016-2026 (USD Million) 84
      • 5.7.8. Rest of Middle-East Africa 85
        • 5.7.8.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Million) 85
  • Chapter 6. Cloud Based Payroll Software market - Competitive Landscape 86
    • 6.1. Competitor Market Share - Revenue 86
    • 6.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players 88
    • 6.3. Strategic Development 89
      • 6.3.1. Acquisitions and Mergers 89
      • 6.3.2. New Products 89
      • 6.3.3. Research & Development Activities 89
  • Chapter 7. Company Profiles 90
    • 7.1. Paycor, Inc. 90
      • 7.1.1. Company Overview 90
      • 7.1.2. Paycor, Inc. Revenue and Gross Margin 90
      • 7.1.3. Product portfolio 91
      • 7.1.4. Recent initiatives 92
    • 7.2. Paychex, Inc. 92
      • 7.2.1. Company Overview 92
      • 7.2.2. Paychex, Inc. Revenue and Gross Margin 92
      • 7.2.3. Product portfolio 93
      • 7.2.4. Recent initiatives 94
    • 7.3. Personnel Data Systems, Inc. 94
      • 7.3.1. Company Overview 94
      • 7.3.2. Personnel Data Systems, Inc. Revenue and Gross Margin 94
      • 7.3.3. Product portfolio 95
      • 7.3.4. Recent initiatives 96
    • 7.4. Criterion, Inc. 96
      • 7.4.1. Company Overview 96
      • 7.4.2. Criterion, Inc. Revenue and Gross Margin 96
      • 7.4.3. Product portfolio 97
      • 7.4.4. Recent initiatives 98
    • 7.5. Sage Group plc 98
      • 7.5.1. Company Overview 98
      • 7.5.2. Sage Group plc Revenue and Gross Margin 98
      • 7.5.3. Product portfolio 99
      • 7.5.4. Recent initiatives 100
    • 7.6. Lucerna, LLC 100
      • 7.6.1. Company Overview 100
      • 7.6.2. Lucerna, LLC Revenue and Gross Margin 100
      • 7.6.3. Product portfolio 101
      • 7.6.4. Recent initiatives 102
    • 7.7. Accentra Technologies Limited 102
      • 7.7.1. Company Overview 102
      • 7.7.2. Accentra Technologies Limited Revenue and Gross Margin 102
      • 7.7.3. Product portfolio 103
      • 7.7.4. Recent initiatives 104
    • 7.8. Workday, Inc. 104
      • 7.8.1. Company Overview 104
      • 7.8.2. Workday, Inc. Revenue and Gross Margin 104
      • 7.8.3. Product portfolio 105
      • 7.8.4. Recent initiatives 106
    • 7.9. The Ultimate Software Group, Inc. 106
      • 7.9.1. Company Overview 106
      • 7.9.2. The Ultimate Software Group, Inc. Revenue and Gross Margin 106
      • 7.9.3. Product portfolio 107
      • 7.9.4. Recent initiatives 108
    • 7.10. Oracle Corporation 108
      • 7.10.1. Company Overview 108
      • 7.10.2. Oracle Corporation Revenue and Gross Margin 108
      • 7.10.3. Product portfolio 109
      • 7.10.4. Recent initiatives 110
    • 7.11. Ascentis HR Software 110
      • 7.11.1. Company Overview 110
      • 7.11.2. Ascentis HR Software Revenue and Gross Margin 110
      • 7.11.3. Product portfolio 111
      • 7.11.4. Recent initiatives 112
    • 7.12. SAP SuccessFactors 112
      • 7.12.1. Company Overview 112
      • 7.12.2. SAP SuccessFactors Revenue and Gross Margin 112
      • 7.12.3. Product portfolio 113
      • 7.12.4. Recent initiatives 114
    • 7.13. IRIS Software Group Ltd 114
      • 7.13.1. Company Overview 114
      • 7.13.2. IRIS Software Group Ltd Revenue and Gross Margin 114
      • 7.13.3. Product portfolio 115
      • 7.13.4. Recent initiatives 116
    • 7.14. Kronos Company 116
      • 7.14.1. Company Overview 116
      • 7.14.2. Kronos Company Revenue and Gross Margin 116
      • 7.14.3. Product portfolio 117
      • 7.14.4. Recent initiatives 118
    • 7.15. FinancialForce Software 118
      • 7.15.1. Company Overview 118
      • 7.15.2. FinancialForce Software Revenue and Gross Margin 118
      • 7.15.3. Product portfolio 119
      • 7.15.4. Recent initiatives 120
    • 7.16. ADP, LLC. 120
      • 7.16.1. Company Overview 120
      • 7.16.2. ADP, LLC. Revenue and Gross Margin 120
      • 7.16.3. Product portfolio 121
      • 7.16.4. Recent initiatives 122
    • 7.17. Zenefits Software 122
      • 7.17.1. Company Overview 122
      • 7.17.2. Zenefits Software Revenue and Gross Margin 122
      • 7.17.3. Product portfolio 123
      • 7.17.4. Recent initiatives 124
  • Chapter 8. Cloud Based Payroll Software ' Industry Analysis 125
    • 8.1. Cloud Based Payroll Software Market - Key Trends 125
      • 8.1.1. Market Drivers 126
      • 8.1.2. Market Restraints 126
      • 8.1.3. Market Opportunities 127
    • 8.2. Value Chain Analysis 128
    • 8.3. Technology Roadmap and Timeline 129
    • 8.4. Cloud Based Payroll Software Market - Attractiveness Analysis 130
      • 8.4.1. By Product type 130
      • 8.4.2. By Organization Size 130
      • 8.4.3. By Application 131
      • 8.4.4. By Region 133
  • Chapter 9. Marketing Strategy Analysis, Distributors 134
    • 9.1. Marketing Channel 134
    • 9.2. Direct Marketing 135
    • 9.3. Indirect Marketing 135
    • 9.4. Marketing Channel Development Trend 135
    • 9.5. Economic/Political Environmental Change 136
  • Chapter 10. Report Conclusion 137
  • Chapter 11. Research Approach & Methodology 138
    • 11.1. Report Description 138
    • 11.2. Research Scope 139
    • 11.3. Research Methodology 139
      • 11.3.1. Secondary Research 140
      • 11.3.2. Primary Research 141
      • 11.3.3. Models 142
        • 11.3.3.1. Company Share Analysis Model 142
        • 11.3.3.2. Revenue Based Modeling 143
        • 11.3.3.3. Research Limitations 143

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