About Cloud-based Payroll Software

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.

Technavio’s analysts forecast the global cloud-based payroll software market to grow at a CAGR of 12.09% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global cloud-based payroll software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cloud-based payroll software subscription, maintenance and support, installation, customization, and training.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Cloud-based Payroll Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• ADP
• CoreHR
• Oracle
• Paychex
• SAP Success Factors
• Ultimate Software
• Workday
Other prominent vendors
• Aditro
• Advanced
• Affinity
• Ascentis
• BenefitMall
• beqom
• Ceridian HCM
• CloudPay
• Datacom Group
• Execupay
• Gusto
• iAdmin
• IRIS Software Group
• Paycom
• Payroo
• Sage (UK)
• SmartPayroll Australia Pty
Market driver
• Reduction in TCO
• For a full, detailed list, view our report

Market challenge
• Concerns regarding data security
• For a full, detailed list, view our report

Market trend
• Rising demand for integrated HCM solutions
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?


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