[December 27, 2017]

Global Cloud Based Payroll Software Market - Expected to Reach $9.9 Billion by 2023 - Research and Markets

The "Global Cloud Based Payroll Software Market Analysis (2017-2023)" report has been added to Research and Markets' offering.

The Global Cloud-based Payroll Software Market size is expected to reach $9.9 billion by 2023, rising at a market growth of 6% CAGR during the forecast period.

The HR department is the department that tracks the number of hours an employee has worked. Cloud-based payroll software is used to track the data so gathered, which is then used to calculate salary compensation of the employees. The cloud-based payroll software is superior to on-premises software, and offers benefits such as cost-effectiveness. The on-premise solution is a highly cost-effective solution, and the initial investments are much lower as compared to on-premises model. The end users of cloud-based payroll software market are retail, healthcare, manufacturing, BFSI, and others. Te manufacturing sector has witnessed the highest adoption of cloud-based payroll software over other end-users.

Based on Organization Sizes, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Verticals, the Global Cloud-based Payroll Software market segments the market into Retail, BFSI, Healthcare, Manufacturing, Telecom & IT, and Others. Based on Regions, the Global Cloud-based Payroll Software market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Companies Mentioned

• ADP, Inc.
• Ascentis HR Software
• Morneau Shepell Inc. (Ceridian HCM, Inc.)
• Unit4 (FinancialForce Software)
• Iris Software Group Limited
• Kronos Incorporated
• Oracle (News - Alert) Corporation
• Paycom Software, Inc.
• Sage Group
• Zenefits Software

Key Topics Covered:

1. Market Scope & Methodology

2. Market Overview

3. Global Cloud Based Payroll Software Market

4. Global Cloud Based Payroll Software Market by Vertical

5. Global Cloud Based Payroll Software Market by Region

6. Competitive Study

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/ptbxql/global_cloud

View source version on businesswire.com: http://www.businesswire.com/news/home/20171227005309/en/

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