Payroll and HR Software Market, Global Outlook and Forecast 2023-2029

Report ID: MMG3687 | Category: Service & Software | Pages: 103 | Format: PDF | Published Date: February 13,2023

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Report Summary

Human capital management (HCM) is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization. HCM has come to be nearly synonymous with the human resources (HR) function in organizations. In HR technology, the comprehensive software systems for managing HR processes differ little from HCM suites.

Payroll software is a system that automates and streamlines the process of paying a company’s employees. It may sound straightforward, but the payroll process includes a lot of tasks such as calculating deductions and withholdings, producing pay slips and tax forms (and other reports), processing or depositing payment directly to employee’s bank account, voiding payments if need be, and even printing checks. Payroll software simplifies and automates the aforementioned tasks to shorten cycle times and reduce manual errors.

This report studies the HR and Payroll Software.
This report aims to provide a comprehensive presentation of the global market for Payroll and HR Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Payroll and HR Software. This report contains market size and forecasts of Payroll and HR Software in global, including the following market information:
Global Payroll and HR Software Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Payroll and HR Software market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
On-premise Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Payroll and HR Software include Sage, SAP, Oracle(NetSuite), Automatic Data Processing, Paychex, Microsoft, Intuit, Workday and IBM Corporation, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Payroll and HR Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Payroll and HR Software Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Payroll and HR Software Market Segment Percentages, by Type, 2022 (%)
    On-premise
    Cloud-based
Global Payroll and HR Software Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Payroll and HR Software Market Segment Percentages, by Application, 2022 (%)
    Small and Mid-size Business (SMB)
    Large Enterprise
Global Payroll and HR Software Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Payroll and HR Software Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Payroll and HR Software revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Payroll and HR Software revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Sage
    SAP
    Oracle(NetSuite)
    Automatic Data Processing
    Paychex
    Microsoft
    Intuit
    Workday
    IBM Corporation
    Infor
    Kronos
    Yonyou
    Epicor
    Unit4
    Xero
Outline of Major Chapters:
Chapter 1: Introduces the definition of Payroll and HR Software, market overview.
Chapter 2: Global Payroll and HR Software market size in revenue.
Chapter 3: Detailed analysis of Payroll and HR Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Payroll and HR Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Payroll and HR Software Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Payroll and HR Software Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Payroll and HR Software Overall Market Size
    2.1 Global Payroll and HR Software Market Size: 2022 VS 2029
    2.2 Global Payroll and HR Software Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Payroll and HR Software Players in Global Market
    3.2 Top Global Payroll and HR Software Companies Ranked by Revenue
    3.3 Global Payroll and HR Software Revenue by Companies
    3.4 Top 3 and Top 5 Payroll and HR Software Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Payroll and HR Software Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Payroll and HR Software Players in Global Market
        3.6.1 List of Global Tier 1 Payroll and HR Software Companies
        3.6.2 List of Global Tier 2 and Tier 3 Payroll and HR Software Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Payroll and HR Software Market Size Markets, 2022 & 2029
        4.1.2 On-premise
        4.1.3 Cloud-based
    4.2 By Type - Global Payroll and HR Software Revenue & Forecasts
        4.2.1 By Type - Global Payroll and HR Software Revenue, 2018-2023
        4.2.2 By Type - Global Payroll and HR Software Revenue, 2024-2029
        4.2.3 By Type - Global Payroll and HR Software Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Payroll and HR Software Market Size, 2022 & 2029
        5.1.2 Small and Mid-size Business (SMB)
        5.1.3 Large Enterprise
    5.2 By Application - Global Payroll and HR Software Revenue & Forecasts
        5.2.1 By Application - Global Payroll and HR Software Revenue, 2018-2023
        5.2.2 By Application - Global Payroll and HR Software Revenue, 2024-2029
        5.2.3 By Application - Global Payroll and HR Software Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Payroll and HR Software Market Size, 2022 & 2029
    6.2 By Region - Global Payroll and HR Software Revenue & Forecasts
        6.2.1 By Region - Global Payroll and HR Software Revenue, 2018-2023
        6.2.2 By Region - Global Payroll and HR Software Revenue, 2024-2029
        6.2.3 By Region - Global Payroll and HR Software Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Payroll and HR Software Revenue, 2018-2029
        6.3.2 US Payroll and HR Software Market Size, 2018-2029
        6.3.3 Canada Payroll and HR Software Market Size, 2018-2029
        6.3.4 Mexico Payroll and HR Software Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Payroll and HR Software Revenue, 2018-2029
        6.4.2 Germany Payroll and HR Software Market Size, 2018-2029
        6.4.3 France Payroll and HR Software Market Size, 2018-2029
        6.4.4 U.K. Payroll and HR Software Market Size, 2018-2029
        6.4.5 Italy Payroll and HR Software Market Size, 2018-2029
        6.4.6 Russia Payroll and HR Software Market Size, 2018-2029
        6.4.7 Nordic Countries Payroll and HR Software Market Size, 2018-2029
        6.4.8 Benelux Payroll and HR Software Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Payroll and HR Software Revenue, 2018-2029
        6.5.2 China Payroll and HR Software Market Size, 2018-2029
        6.5.3 Japan Payroll and HR Software Market Size, 2018-2029
        6.5.4 South Korea Payroll and HR Software Market Size, 2018-2029
        6.5.5 Southeast Asia Payroll and HR Software Market Size, 2018-2029
        6.5.6 India Payroll and HR Software Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Payroll and HR Software Revenue, 2018-2029
        6.6.2 Brazil Payroll and HR Software Market Size, 2018-2029
        6.6.3 Argentina Payroll and HR Software Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Payroll and HR Software Revenue, 2018-2029
        6.7.2 Turkey Payroll and HR Software Market Size, 2018-2029
        6.7.3 Israel Payroll and HR Software Market Size, 2018-2029
        6.7.4 Saudi Arabia Payroll and HR Software Market Size, 2018-2029
        6.7.5 UAE Payroll and HR Software Market Size, 2018-2029
7 Payroll and HR Software Companies Profiles
    7.1 Sage
        7.1.1 Sage Company Summary
        7.1.2 Sage Business Overview
        7.1.3 Sage Payroll and HR Software Major Product Offerings
        7.1.4 Sage Payroll and HR Software Revenue in Global Market (2018-2023)
        7.1.5 Sage Key News & Latest Developments
    7.2 SAP
        7.2.1 SAP Company Summary
        7.2.2 SAP Business Overview
        7.2.3 SAP Payroll and HR Software Major Product Offerings
        7.2.4 SAP Payroll and HR Software Revenue in Global Market (2018-2023)
        7.2.5 SAP Key News & Latest Developments
    7.3 Oracle(NetSuite)
        7.3.1 Oracle(NetSuite) Company Summary
        7.3.2 Oracle(NetSuite) Business Overview
        7.3.3 Oracle(NetSuite) Payroll and HR Software Major Product Offerings
        7.3.4 Oracle(NetSuite) Payroll and HR Software Revenue in Global Market (2018-2023)
        7.3.5 Oracle(NetSuite) Key News & Latest Developments
    7.4 Automatic Data Processing
        7.4.1 Automatic Data Processing Company Summary
        7.4.2 Automatic Data Processing Business Overview
        7.4.3 Automatic Data Processing Payroll and HR Software Major Product Offerings
        7.4.4 Automatic Data Processing Payroll and HR Software Revenue in Global Market (2018-2023)
        7.4.5 Automatic Data Processing Key News & Latest Developments
    7.5 Paychex
        7.5.1 Paychex Company Summary
        7.5.2 Paychex Business Overview
        7.5.3 Paychex Payroll and HR Software Major Product Offerings
        7.5.4 Paychex Payroll and HR Software Revenue in Global Market (2018-2023)
        7.5.5 Paychex Key News & Latest Developments
    7.6 Microsoft
        7.6.1 Microsoft Company Summary
        7.6.2 Microsoft Business Overview
        7.6.3 Microsoft Payroll and HR Software Major Product Offerings
        7.6.4 Microsoft Payroll and HR Software Revenue in Global Market (2018-2023)
        7.6.5 Microsoft Key News & Latest Developments
    7.7 Intuit
        7.7.1 Intuit Company Summary
        7.7.2 Intuit Business Overview
        7.7.3 Intuit Payroll and HR Software Major Product Offerings
        7.7.4 Intuit Payroll and HR Software Revenue in Global Market (2018-2023)
        7.7.5 Intuit Key News & Latest Developments
    7.8 Workday
        7.8.1 Workday Company Summary
        7.8.2 Workday Business Overview
        7.8.3 Workday Payroll and HR Software Major Product Offerings
        7.8.4 Workday Payroll and HR Software Revenue in Global Market (2018-2023)
        7.8.5 Workday Key News & Latest Developments
    7.9 IBM Corporation
        7.9.1 IBM Corporation Company Summary
        7.9.2 IBM Corporation Business Overview
        7.9.3 IBM Corporation Payroll and HR Software Major Product Offerings
        7.9.4 IBM Corporation Payroll and HR Software Revenue in Global Market (2018-2023)
        7.9.5 IBM Corporation Key News & Latest Developments
    7.10 Infor
        7.10.1 Infor Company Summary
        7.10.2 Infor Business Overview
        7.10.3 Infor Payroll and HR Software Major Product Offerings
        7.10.4 Infor Payroll and HR Software Revenue in Global Market (2018-2023)
        7.10.5 Infor Key News & Latest Developments
    7.11 Kronos
        7.11.1 Kronos Company Summary
        7.11.2 Kronos Business Overview
        7.11.3 Kronos Payroll and HR Software Major Product Offerings
        7.11.4 Kronos Payroll and HR Software Revenue in Global Market (2018-2023)
        7.11.5 Kronos Key News & Latest Developments
    7.12 Yonyou
        7.12.1 Yonyou Company Summary
        7.12.2 Yonyou Business Overview
        7.12.3 Yonyou Payroll and HR Software Major Product Offerings
        7.12.4 Yonyou Payroll and HR Software Revenue in Global Market (2018-2023)
        7.12.5 Yonyou Key News & Latest Developments
    7.13 Epicor
        7.13.1 Epicor Company Summary
        7.13.2 Epicor Business Overview
        7.13.3 Epicor Payroll and HR Software Major Product Offerings
        7.13.4 Epicor Payroll and HR Software Revenue in Global Market (2018-2023)
        7.13.5 Epicor Key News & Latest Developments
    7.14 Unit4
        7.14.1 Unit4 Company Summary
        7.14.2 Unit4 Business Overview
        7.14.3 Unit4 Payroll and HR Software Major Product Offerings
        7.14.4 Unit4 Payroll and HR Software Revenue in Global Market (2018-2023)
        7.14.5 Unit4 Key News & Latest Developments
    7.15 Xero
        7.15.1 Xero Company Summary
        7.15.2 Xero Business Overview
        7.15.3 Xero Payroll and HR Software Major Product Offerings
        7.15.4 Xero Payroll and HR Software Revenue in Global Market (2018-2023)
        7.15.5 Xero Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Payroll and HR Software Market, Global Outlook and Forecast 2023-2029

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