The global Cloud-based Payroll Software market size was valued at US$ 7062.6 million in 2023. With growing demand in downstream market, the Cloud-based Payroll Software is forecast to a readjusted size of US$ 10410 million by 2030 with a CAGR of 5.7% during review period.
The research report highlights the growth potential of the global Cloud-based Payroll Software market. Cloud-based Payroll Software are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Cloud-based Payroll Software. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Cloud-based Payroll Software market.
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.
Key Features:
The report on Cloud-based Payroll Software market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Cloud-based Payroll Software market. It may include historical data, market segmentation by Type (e.g., Business Software, Cloud ERP Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Cloud-based Payroll Software market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Cloud-based Payroll Software market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Cloud-based Payroll Software industry. This include advancements in Cloud-based Payroll Software technology, Cloud-based Payroll Software new entrants, Cloud-based Payroll Software new investment, and other innovations that are shaping the future of Cloud-based Payroll Software.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Cloud-based Payroll Software market. It includes factors influencing customer ' purchasing decisions, preferences for Cloud-based Payroll Software product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Cloud-based Payroll Software market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Cloud-based Payroll Software market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Cloud-based Payroll Software market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Cloud-based Payroll Software industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Cloud-based Payroll Software market.
Market Segmentation:
Cloud-based Payroll Software market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Business Software
Cloud ERP Software
Services Automation
Segmentation by application
SMEs
Large Enterprises
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ADP
CoreHR
Oracle
Paychex
SAP Success Factors
Ultimate Software
Workday
Aditro
Advanced
Affinity
Ascentis
BenefitMall
beqom
Ceridian HCM
CloudPay
Datacom
Execupay
Gusto
iAdmin
IRIS Software
Paycom
Payroo
Sage (UK)
SmartPayroll Australia
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Cloud-based Payroll Software Market Size 2019-2030
2.1.2 Cloud-based Payroll Software Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Cloud-based Payroll Software Segment by Type
2.2.1 Business Software
2.2.2 Cloud ERP Software
2.2.3 Services Automation
2.3 Cloud-based Payroll Software Market Size by Type
2.3.1 Cloud-based Payroll Software Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Cloud-based Payroll Software Market Size Market Share by Type (2019-2024)
2.4 Cloud-based Payroll Software Segment by Application
2.4.1 SMEs
2.4.2 Large Enterprises
2.5 Cloud-based Payroll Software Market Size by Application
2.5.1 Cloud-based Payroll Software Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Cloud-based Payroll Software Market Size Market Share by Application (2019-2024)
3 Cloud-based Payroll Software Market Size by Player
3.1 Cloud-based Payroll Software Market Size Market Share by Players
3.1.1 Global Cloud-based Payroll Software Revenue by Players (2019-2024)
3.1.2 Global Cloud-based Payroll Software Revenue Market Share by Players (2019-2024)
3.2 Global Cloud-based Payroll Software Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Cloud-based Payroll Software by Regions
4.1 Cloud-based Payroll Software Market Size by Regions (2019-2024)
4.2 Americas Cloud-based Payroll Software Market Size Growth (2019-2024)
4.3 APAC Cloud-based Payroll Software Market Size Growth (2019-2024)
4.4 Europe Cloud-based Payroll Software Market Size Growth (2019-2024)
4.5 Middle East & Africa Cloud-based Payroll Software Market Size Growth (2019-2024)
5 Americas
5.1 Americas Cloud-based Payroll Software Market Size by Country (2019-2024)
5.2 Americas Cloud-based Payroll Software Market Size by Type (2019-2024)
5.3 Americas Cloud-based Payroll Software Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Cloud-based Payroll Software Market Size by Region (2019-2024)
6.2 APAC Cloud-based Payroll Software Market Size by Type (2019-2024)
6.3 APAC Cloud-based Payroll Software Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Cloud-based Payroll Software by Country (2019-2024)
7.2 Europe Cloud-based Payroll Software Market Size by Type (2019-2024)
7.3 Europe Cloud-based Payroll Software Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Cloud-based Payroll Software by Region (2019-2024)
8.2 Middle East & Africa Cloud-based Payroll Software Market Size by Type (2019-2024)
8.3 Middle East & Africa Cloud-based Payroll Software Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Cloud-based Payroll Software Market Forecast
10.1 Global Cloud-based Payroll Software Forecast by Regions (2025-2030)
10.1.1 Global Cloud-based Payroll Software Forecast by Regions (2025-2030)
10.1.2 Americas Cloud-based Payroll Software Forecast
10.1.3 APAC Cloud-based Payroll Software Forecast
10.1.4 Europe Cloud-based Payroll Software Forecast
10.1.5 Middle East & Africa Cloud-based Payroll Software Forecast
10.2 Americas Cloud-based Payroll Software Forecast by Country (2025-2030)
10.2.1 United States Cloud-based Payroll Software Market Forecast
10.2.2 Canada Cloud-based Payroll Software Market Forecast
10.2.3 Mexico Cloud-based Payroll Software Market Forecast
10.2.4 Brazil Cloud-based Payroll Software Market Forecast
10.3 APAC Cloud-based Payroll Software Forecast by Region (2025-2030)
10.3.1 China Cloud-based Payroll Software Market Forecast
10.3.2 Japan Cloud-based Payroll Software Market Forecast
10.3.3 Korea Cloud-based Payroll Software Market Forecast
10.3.4 Southeast Asia Cloud-based Payroll Software Market Forecast
10.3.5 India Cloud-based Payroll Software Market Forecast
10.3.6 Australia Cloud-based Payroll Software Market Forecast
10.4 Europe Cloud-based Payroll Software Forecast by Country (2025-2030)
10.4.1 Germany Cloud-based Payroll Software Market Forecast
10.4.2 France Cloud-based Payroll Software Market Forecast
10.4.3 UK Cloud-based Payroll Software Market Forecast
10.4.4 Italy Cloud-based Payroll Software Market Forecast
10.4.5 Russia Cloud-based Payroll Software Market Forecast
10.5 Middle East & Africa Cloud-based Payroll Software Forecast by Region (2025-2030)
10.5.1 Egypt Cloud-based Payroll Software Market Forecast
10.5.2 South Africa Cloud-based Payroll Software Market Forecast
10.5.3 Israel Cloud-based Payroll Software Market Forecast
10.5.4 Turkey Cloud-based Payroll Software Market Forecast
10.5.5 GCC Countries Cloud-based Payroll Software Market Forecast
10.6 Global Cloud-based Payroll Software Forecast by Type (2025-2030)
10.7 Global Cloud-based Payroll Software Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 ADP
11.1.1 ADP Company Information
11.1.2 ADP Cloud-based Payroll Software Product Offered
11.1.3 ADP Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 ADP Main Business Overview
11.1.5 ADP Latest Developments
11.2 CoreHR
11.2.1 CoreHR Company Information
11.2.2 CoreHR Cloud-based Payroll Software Product Offered
11.2.3 CoreHR Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 CoreHR Main Business Overview
11.2.5 CoreHR Latest Developments
11.3 Oracle
11.3.1 Oracle Company Information
11.3.2 Oracle Cloud-based Payroll Software Product Offered
11.3.3 Oracle Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Oracle Main Business Overview
11.3.5 Oracle Latest Developments
11.4 Paychex
11.4.1 Paychex Company Information
11.4.2 Paychex Cloud-based Payroll Software Product Offered
11.4.3 Paychex Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Paychex Main Business Overview
11.4.5 Paychex Latest Developments
11.5 SAP Success Factors
11.5.1 SAP Success Factors Company Information
11.5.2 SAP Success Factors Cloud-based Payroll Software Product Offered
11.5.3 SAP Success Factors Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 SAP Success Factors Main Business Overview
11.5.5 SAP Success Factors Latest Developments
11.6 Ultimate Software
11.6.1 Ultimate Software Company Information
11.6.2 Ultimate Software Cloud-based Payroll Software Product Offered
11.6.3 Ultimate Software Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Ultimate Software Main Business Overview
11.6.5 Ultimate Software Latest Developments
11.7 Workday
11.7.1 Workday Company Information
11.7.2 Workday Cloud-based Payroll Software Product Offered
11.7.3 Workday Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Workday Main Business Overview
11.7.5 Workday Latest Developments
11.8 Aditro
11.8.1 Aditro Company Information
11.8.2 Aditro Cloud-based Payroll Software Product Offered
11.8.3 Aditro Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Aditro Main Business Overview
11.8.5 Aditro Latest Developments
11.9 Advanced
11.9.1 Advanced Company Information
11.9.2 Advanced Cloud-based Payroll Software Product Offered
11.9.3 Advanced Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Advanced Main Business Overview
11.9.5 Advanced Latest Developments
11.10 Affinity
11.10.1 Affinity Company Information
11.10.2 Affinity Cloud-based Payroll Software Product Offered
11.10.3 Affinity Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Affinity Main Business Overview
11.10.5 Affinity Latest Developments
11.11 Ascentis
11.11.1 Ascentis Company Information
11.11.2 Ascentis Cloud-based Payroll Software Product Offered
11.11.3 Ascentis Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Ascentis Main Business Overview
11.11.5 Ascentis Latest Developments
11.12 BenefitMall
11.12.1 BenefitMall Company Information
11.12.2 BenefitMall Cloud-based Payroll Software Product Offered
11.12.3 BenefitMall Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 BenefitMall Main Business Overview
11.12.5 BenefitMall Latest Developments
11.13 beqom
11.13.1 beqom Company Information
11.13.2 beqom Cloud-based Payroll Software Product Offered
11.13.3 beqom Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 beqom Main Business Overview
11.13.5 beqom Latest Developments
11.14 Ceridian HCM
11.14.1 Ceridian HCM Company Information
11.14.2 Ceridian HCM Cloud-based Payroll Software Product Offered
11.14.3 Ceridian HCM Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Ceridian HCM Main Business Overview
11.14.5 Ceridian HCM Latest Developments
11.15 CloudPay
11.15.1 CloudPay Company Information
11.15.2 CloudPay Cloud-based Payroll Software Product Offered
11.15.3 CloudPay Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 CloudPay Main Business Overview
11.15.5 CloudPay Latest Developments
11.16 Datacom
11.16.1 Datacom Company Information
11.16.2 Datacom Cloud-based Payroll Software Product Offered
11.16.3 Datacom Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 Datacom Main Business Overview
11.16.5 Datacom Latest Developments
11.17 Execupay
11.17.1 Execupay Company Information
11.17.2 Execupay Cloud-based Payroll Software Product Offered
11.17.3 Execupay Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 Execupay Main Business Overview
11.17.5 Execupay Latest Developments
11.18 Gusto
11.18.1 Gusto Company Information
11.18.2 Gusto Cloud-based Payroll Software Product Offered
11.18.3 Gusto Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.18.4 Gusto Main Business Overview
11.18.5 Gusto Latest Developments
11.19 iAdmin
11.19.1 iAdmin Company Information
11.19.2 iAdmin Cloud-based Payroll Software Product Offered
11.19.3 iAdmin Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.19.4 iAdmin Main Business Overview
11.19.5 iAdmin Latest Developments
11.20 IRIS Software
11.20.1 IRIS Software Company Information
11.20.2 IRIS Software Cloud-based Payroll Software Product Offered
11.20.3 IRIS Software Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.20.4 IRIS Software Main Business Overview
11.20.5 IRIS Software Latest Developments
11.21 Paycom
11.21.1 Paycom Company Information
11.21.2 Paycom Cloud-based Payroll Software Product Offered
11.21.3 Paycom Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.21.4 Paycom Main Business Overview
11.21.5 Paycom Latest Developments
11.22 Payroo
11.22.1 Payroo Company Information
11.22.2 Payroo Cloud-based Payroll Software Product Offered
11.22.3 Payroo Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.22.4 Payroo Main Business Overview
11.22.5 Payroo Latest Developments
11.23 Sage (UK)
11.23.1 Sage (UK) Company Information
11.23.2 Sage (UK) Cloud-based Payroll Software Product Offered
11.23.3 Sage (UK) Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.23.4 Sage (UK) Main Business Overview
11.23.5 Sage (UK) Latest Developments
11.24 SmartPayroll Australia
11.24.1 SmartPayroll Australia Company Information
11.24.2 SmartPayroll Australia Cloud-based Payroll Software Product Offered
11.24.3 SmartPayroll Australia Cloud-based Payroll Software Revenue, Gross Margin and Market Share (2019-2024)
11.24.4 SmartPayroll Australia Main Business Overview
11.24.5 SmartPayroll Australia Latest Developments
12 Research Findings and Conclusion
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*If Applicable.