HR Payroll Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: HR Payroll Software Market covers analysis By Application (Payroll, Employees Benefits, Tax Fillings, Employee Records, Performance Review, Learning Management, Time and Attendance, Leave Management, Others); Services (Installation, UP-gradation, Modification, HR Shared Services, Service Activity Report); Deployment (On-Premises, Cloud Hosted); End-User (Large Scale Industry, Medium Scale Industry, Small Scale Industry, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00007786
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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HR Payroll Software Market SWOT Analysis by 2031

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MARKET OVERVIEW

HR payroll software is described as specific software that enables companies to pay the salary of their employees when their work gets completed. The HR payroll software industry facilitates salary hikes, bonus payments, recruitment, vacation leaves, benefit deductions, firing the employees, and other facilities, which help in the escalation of the HR payroll software market growth.

MARKET SCOPE

The "Global HR Payroll Software Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the HR payroll software market with detailed market segmentation by application, service, deployment, end user and geography. The report provides key statistics on the market status of the leading HR payroll software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on application, the global HR payroll software market is segmented into payroll, employees benefits, tax fillings, employee records, performance review, learning management, time and attendance, leave management, others
  •   On the basis of service, the market is segmented into installation, up-gradation, modification, hr shared services, service activity report
  •   Based on deployment, the market is bifurcated into on-premises, cloud hosted
  •   Based on end user, the market is bifurcated into large scale industry, medium scale industry, small scale industry, others

MARKET DYNAMICS
Drivers:

  •   Rise in Cloud and Mobile Deployment.
  •   Increase in Automation of HR Processes.

Restraints:

  •   Reluctance to the Adoption of Core HR Software


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The HR payroll software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the HR payroll software market in these regions.

IMPACT OF COVID-19 ON HR PAYROLL SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

World Geography

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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The HR payroll software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the HR payroll software market in these regions.

IMPACT OF COVID-19 ON HR PAYROLL SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the HR payroll software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from HR payroll software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the HR payroll software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Kronos(U.S)
  •   PeopleAdmin
  •   Taleo Corporation
  •   Halogen Software Inc
  •   Kenexa Corporation
  •   SuccessFactors
  •   SumTotal Systems Inc.
  •   Sage(U.S)
  •   Ascentis
  •   Epicore
  •   Keka Inc
  •   Greytip Software Pvt. Ltd
  •   Zoho Corporation Pvt. Ltd
  •   Paybooks
  •   Kredily
  •   SUMOPAYROLL
  •   HRMantra Software Pvt. Ltd.
  •   Ramco Systems.
  •   Zimyo Consulting Private Limited
  •   Technology Counter Pvt. Ltd.
  •   HROne
  •   Marg ERP Limited
  •   Razorpay
  •   MasterSoft
  •   Pocket HRMS
  •   Natural HR Limited
  •   ZingHR
  •   ADP, Inc.
  •   Perk Payroll
  •   Sysfore Technologies Pvt. Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 HR Payroll Software Market - By Application
1.3.2 HR Payroll Software Market - By Services
1.3.3 HR Payroll Software Market - By Deployment
1.3.4 HR Payroll Software Market - By End-User
1.3.5 HR Payroll Software Market - By Region
1.3.5.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. HR PAYROLL SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. HR PAYROLL SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. HR PAYROLL SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. HR PAYROLL SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. HR PAYROLL SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. HR PAYROLL SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. PAYROLL
7.3.1. Overview
7.3.2. Payroll Market Forecast and Analysis
7.4. EMPLOYEES BENEFITS
7.4.1. Overview
7.4.2. Employees Benefits Market Forecast and Analysis
7.5. TAX FILLINGS
7.5.1. Overview
7.5.2. Tax Fillings Market Forecast and Analysis
7.6. EMPLOYEE RECORDS
7.6.1. Overview
7.6.2. Employee Records Market Forecast and Analysis
7.7. PERFORMANCE REVIEW
7.7.1. Overview
7.7.2. Performance Review Market Forecast and Analysis
7.8. LEARNING MANAGEMENT
7.8.1. Overview
7.8.2. Learning Management Market Forecast and Analysis
7.9. TIME AND ATTENDANCE
7.9.1. Overview
7.9.2. Time and Attendance Market Forecast and Analysis
7.10. LEAVE MANAGEMENT
7.10.1. Overview
7.10.2. Leave Management Market Forecast and Analysis
7.11. OTHERS
7.11.1. Overview
7.11.2. Others Market Forecast and Analysis
8. HR PAYROLL SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
8.1. OVERVIEW
8.2. SERVICES MARKET FORECASTS AND ANALYSIS
8.3. INSTALLATION
8.3.1. Overview
8.3.2. Installation Market Forecast and Analysis
8.4. UP-GRADATION
8.4.1. Overview
8.4.2. UP-gradation Market Forecast and Analysis
8.5. MODIFICATION
8.5.1. Overview
8.5.2. Modification Market Forecast and Analysis
8.6. HR SHARED SERVICES
8.6.1. Overview
8.6.2. HR Shared Services Market Forecast and Analysis
8.7. SERVICE ACTIVITY REPORT
8.7.1. Overview
8.7.2. Service Activity Report Market Forecast and Analysis
9. HR PAYROLL SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
9.1. OVERVIEW
9.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISES
9.3.1. Overview
9.3.2. On-Premises Market Forecast and Analysis
9.4. CLOUD HOSTED
9.4.1. Overview
9.4.2. Cloud Hosted Market Forecast and Analysis
10. HR PAYROLL SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. LARGE SCALE INDUSTRY
10.3.1. Overview
10.3.2. Large Scale Industry Market Forecast and Analysis
10.4. MEDIUM SCALE INDUSTRY
10.4.1. Overview
10.4.2. Medium Scale Industry Market Forecast and Analysis
10.5. SMALL SCALE INDUSTRY
10.5.1. Overview
10.5.2. Small Scale Industry Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis

11. HR PAYROLL SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America HR Payroll Software Market Overview
11.1.2 North America HR Payroll Software Market Forecasts and Analysis
11.1.3 North America HR Payroll Software Market Forecasts and Analysis - By Application
11.1.4 North America HR Payroll Software Market Forecasts and Analysis - By Services
11.1.5 North America HR Payroll Software Market Forecasts and Analysis - By Deployment
11.1.6 North America HR Payroll Software Market Forecasts and Analysis - By End-User
11.1.7 North America HR Payroll Software Market Forecasts and Analysis - By Countries
11.1.7.1 Canada HR Payroll Software Market
11.1.7.1.1 Canada HR Payroll Software Market by Application
11.1.7.1.2 Canada HR Payroll Software Market by Services
11.1.7.1.3 Canada HR Payroll Software Market by Deployment
11.1.7.1.4 Canada HR Payroll Software Market by End-User
11.1.7.2 Mexico HR Payroll Software Market
11.1.7.2.1 Mexico HR Payroll Software Market by Application
11.1.7.2.2 Mexico HR Payroll Software Market by Services
11.1.7.2.3 Mexico HR Payroll Software Market by Deployment
11.1.7.2.4 Mexico HR Payroll Software Market by End-User
11.1.7.3 US HR Payroll Software Market
11.1.7.3.1 US HR Payroll Software Market by Application
11.1.7.3.2 US HR Payroll Software Market by Services
11.1.7.3.3 US HR Payroll Software Market by Deployment
11.1.7.3.4 US HR Payroll Software Market by End-User
11.2. EUROPE
11.2.1 Europe HR Payroll Software Market Overview
11.2.2 Europe HR Payroll Software Market Forecasts and Analysis
11.2.3 Europe HR Payroll Software Market Forecasts and Analysis - By Application
11.2.4 Europe HR Payroll Software Market Forecasts and Analysis - By Services
11.2.5 Europe HR Payroll Software Market Forecasts and Analysis - By Deployment
11.2.6 Europe HR Payroll Software Market Forecasts and Analysis - By End-User
11.2.7 Europe HR Payroll Software Market Forecasts and Analysis - By Countries
11.2.7.1 Germany HR Payroll Software Market
11.2.7.1.1 Germany HR Payroll Software Market by Application
11.2.7.1.2 Germany HR Payroll Software Market by Services
11.2.7.1.3 Germany HR Payroll Software Market by Deployment
11.2.7.1.4 Germany HR Payroll Software Market by End-User
11.2.7.2 France HR Payroll Software Market
11.2.7.2.1 France HR Payroll Software Market by Application
11.2.7.2.2 France HR Payroll Software Market by Services
11.2.7.2.3 France HR Payroll Software Market by Deployment
11.2.7.2.4 France HR Payroll Software Market by End-User
11.2.7.3 Italy HR Payroll Software Market
11.2.7.3.1 Italy HR Payroll Software Market by Application
11.2.7.3.2 Italy HR Payroll Software Market by Services
11.2.7.3.3 Italy HR Payroll Software Market by Deployment
11.2.7.3.4 Italy HR Payroll Software Market by End-User
11.2.7.4 United Kingdom HR Payroll Software Market
11.2.7.4.1 United Kingdom HR Payroll Software Market by Application
11.2.7.4.2 United Kingdom HR Payroll Software Market by Services
11.2.7.4.3 United Kingdom HR Payroll Software Market by Deployment
11.2.7.4.4 United Kingdom HR Payroll Software Market by End-User
11.2.7.5 Russia HR Payroll Software Market
11.2.7.5.1 Russia HR Payroll Software Market by Application
11.2.7.5.2 Russia HR Payroll Software Market by Services
11.2.7.5.3 Russia HR Payroll Software Market by Deployment
11.2.7.5.4 Russia HR Payroll Software Market by End-User
11.2.7.6 Rest of Europe HR Payroll Software Market
11.2.7.6.1 Rest of Europe HR Payroll Software Market by Application
11.2.7.6.2 Rest of Europe HR Payroll Software Market by Services
11.2.7.6.3 Rest of Europe HR Payroll Software Market by Deployment
11.2.7.6.4 Rest of Europe HR Payroll Software Market by End-User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific HR Payroll Software Market Overview
11.3.2 Asia-Pacific HR Payroll Software Market Forecasts and Analysis
11.3.3 Asia-Pacific HR Payroll Software Market Forecasts and Analysis - By Application
11.3.4 Asia-Pacific HR Payroll Software Market Forecasts and Analysis - By Services
11.3.5 Asia-Pacific HR Payroll Software Market Forecasts and Analysis - By Deployment
11.3.6 Asia-Pacific HR Payroll Software Market Forecasts and Analysis - By End-User
11.3.7 Asia-Pacific HR Payroll Software Market Forecasts and Analysis - By Countries
11.3.7.1 Australia HR Payroll Software Market
11.3.7.1.1 Australia HR Payroll Software Market by Application
11.3.7.1.2 Australia HR Payroll Software Market by Services
11.3.7.1.3 Australia HR Payroll Software Market by Deployment
11.3.7.1.4 Australia HR Payroll Software Market by End-User
11.3.7.2 China HR Payroll Software Market
11.3.7.2.1 China HR Payroll Software Market by Application
11.3.7.2.2 China HR Payroll Software Market by Services
11.3.7.2.3 China HR Payroll Software Market by Deployment
11.3.7.2.4 China HR Payroll Software Market by End-User
11.3.7.3 India HR Payroll Software Market
11.3.7.3.1 India HR Payroll Software Market by Application
11.3.7.3.2 India HR Payroll Software Market by Services
11.3.7.3.3 India HR Payroll Software Market by Deployment
11.3.7.3.4 India HR Payroll Software Market by End-User
11.3.7.4 Japan HR Payroll Software Market
11.3.7.4.1 Japan HR Payroll Software Market by Application
11.3.7.4.2 Japan HR Payroll Software Market by Services
11.3.7.4.3 Japan HR Payroll Software Market by Deployment
11.3.7.4.4 Japan HR Payroll Software Market by End-User
11.3.7.5 South Korea HR Payroll Software Market
11.3.7.5.1 South Korea HR Payroll Software Market by Application
11.3.7.5.2 South Korea HR Payroll Software Market by Services
11.3.7.5.3 South Korea HR Payroll Software Market by Deployment
11.3.7.5.4 South Korea HR Payroll Software Market by End-User
11.3.7.6 Rest of Asia-Pacific HR Payroll Software Market
11.3.7.6.1 Rest of Asia-Pacific HR Payroll Software Market by Application
11.3.7.6.2 Rest of Asia-Pacific HR Payroll Software Market by Services
11.3.7.6.3 Rest of Asia-Pacific HR Payroll Software Market by Deployment
11.3.7.6.4 Rest of Asia-Pacific HR Payroll Software Market by End-User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa HR Payroll Software Market Overview
11.4.2 Middle East and Africa HR Payroll Software Market Forecasts and Analysis
11.4.3 Middle East and Africa HR Payroll Software Market Forecasts and Analysis - By Application
11.4.4 Middle East and Africa HR Payroll Software Market Forecasts and Analysis - By Services
11.4.5 Middle East and Africa HR Payroll Software Market Forecasts and Analysis - By Deployment
11.4.6 Middle East and Africa HR Payroll Software Market Forecasts and Analysis - By End-User
11.4.7 Middle East and Africa HR Payroll Software Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa HR Payroll Software Market
11.4.7.1.1 South Africa HR Payroll Software Market by Application
11.4.7.1.2 South Africa HR Payroll Software Market by Services
11.4.7.1.3 South Africa HR Payroll Software Market by Deployment
11.4.7.1.4 South Africa HR Payroll Software Market by End-User
11.4.7.2 Saudi Arabia HR Payroll Software Market
11.4.7.2.1 Saudi Arabia HR Payroll Software Market by Application
11.4.7.2.2 Saudi Arabia HR Payroll Software Market by Services
11.4.7.2.3 Saudi Arabia HR Payroll Software Market by Deployment
11.4.7.2.4 Saudi Arabia HR Payroll Software Market by End-User
11.4.7.3 U.A.E HR Payroll Software Market
11.4.7.3.1 U.A.E HR Payroll Software Market by Application
11.4.7.3.2 U.A.E HR Payroll Software Market by Services
11.4.7.3.3 U.A.E HR Payroll Software Market by Deployment
11.4.7.3.4 U.A.E HR Payroll Software Market by End-User
11.4.7.4 Rest of Middle East and Africa HR Payroll Software Market
11.4.7.4.1 Rest of Middle East and Africa HR Payroll Software Market by Application
11.4.7.4.2 Rest of Middle East and Africa HR Payroll Software Market by Services
11.4.7.4.3 Rest of Middle East and Africa HR Payroll Software Market by Deployment
11.4.7.4.4 Rest of Middle East and Africa HR Payroll Software Market by End-User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America HR Payroll Software Market Overview
11.5.2 South and Central America HR Payroll Software Market Forecasts and Analysis
11.5.3 South and Central America HR Payroll Software Market Forecasts and Analysis - By Application
11.5.4 South and Central America HR Payroll Software Market Forecasts and Analysis - By Services
11.5.5 South and Central America HR Payroll Software Market Forecasts and Analysis - By Deployment
11.5.6 South and Central America HR Payroll Software Market Forecasts and Analysis - By End-User
11.5.7 South and Central America HR Payroll Software Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil HR Payroll Software Market
11.5.7.1.1 Brazil HR Payroll Software Market by Application
11.5.7.1.2 Brazil HR Payroll Software Market by Services
11.5.7.1.3 Brazil HR Payroll Software Market by Deployment
11.5.7.1.4 Brazil HR Payroll Software Market by End-User
11.5.7.2 Argentina HR Payroll Software Market
11.5.7.2.1 Argentina HR Payroll Software Market by Application
11.5.7.2.2 Argentina HR Payroll Software Market by Services
11.5.7.2.3 Argentina HR Payroll Software Market by Deployment
11.5.7.2.4 Argentina HR Payroll Software Market by End-User
11.5.7.3 Rest of South and Central America HR Payroll Software Market
11.5.7.3.1 Rest of South and Central America HR Payroll Software Market by Application
11.5.7.3.2 Rest of South and Central America HR Payroll Software Market by Services
11.5.7.3.3 Rest of South and Central America HR Payroll Software Market by Deployment
11.5.7.3.4 Rest of South and Central America HR Payroll Software Market by End-User

12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

13. HR PAYROLL SOFTWARE MARKET, KEY COMPANY PROFILES
13.1. KRONOS(U.S)
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. PEOPLEADMIN
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. TALEO CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HALOGEN SOFTWARE INC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. KENEXA CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SUCCESSFACTORS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SUMTOTAL SYSTEMS INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SAGE(U.S)
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ASCENTIS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. EPICORE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
13.11. KEKA INC
13.11.1. Key Facts
13.11.2. Business Description
13.11.3. Products and Services
13.11.4. Financial Overview
13.11.5. SWOT Analysis
13.11.6. Key Developments
13.12. GREYTIP SOFTWARE PVT. LTD
13.12.1. Key Facts
13.12.2. Business Description
13.12.3. Products and Services
13.12.4. Financial Overview
13.12.5. SWOT Analysis
13.12.6. Key Developments
13.13. ZOHO CORPORATION PVT. LTD
13.13.1. Key Facts
13.13.2. Business Description
13.13.3. Products and Services
13.13.4. Financial Overview
13.13.5. SWOT Analysis
13.13.6. Key Developments
13.14. PAYBOOKS
13.14.1. Key Facts
13.14.2. Business Description
13.14.3. Products and Services
13.14.4. Financial Overview
13.14.5. SWOT Analysis
13.14.6. Key Developments
13.15. KREDILY
13.15.1. Key Facts
13.15.2. Business Description
13.15.3. Products and Services
13.15.4. Financial Overview
13.15.5. SWOT Analysis
13.15.6. Key Developments
13.16. SUMOPAYROLL
13.16.1. Key Facts
13.16.2. Business Description
13.16.3. Products and Services
13.16.4. Financial Overview
13.16.5. SWOT Analysis
13.16.6. Key Developments
13.17. HRMANTRA SOFTWARE PVT. LTD.
13.17.1. Key Facts
13.17.2. Business Description
13.17.3. Products and Services
13.17.4. Financial Overview
13.17.5. SWOT Analysis
13.17.6. Key Developments
13.18. RAMCO SYSTEMS.
13.18.1. Key Facts
13.18.2. Business Description
13.18.3. Products and Services
13.18.4. Financial Overview
13.18.5. SWOT Analysis
13.18.6. Key Developments
13.19. ZIMYO CONSULTING PRIVATE LIMITED
13.19.1. Key Facts
13.19.2. Business Description
13.19.3. Products and Services
13.19.4. Financial Overview
13.19.5. SWOT Analysis
13.19.6. Key Developments
13.20. TECHNOLOGY COUNTER PVT. LTD.
13.20.1. Key Facts
13.20.2. Business Description
13.20.3. Products and Services
13.20.4. Financial Overview
13.20.5. SWOT Analysis
13.20.6. Key Developments
13.21. HRONE
13.21.1. Key Facts
13.21.2. Business Description
13.21.3. Products and Services
13.21.4. Financial Overview
13.21.5. SWOT Analysis
13.21.6. Key Developments
13.22. MARG ERP LIMITED
13.22.1. Key Facts
13.22.2. Business Description
13.22.3. Products and Services
13.22.4. Financial Overview
13.22.5. SWOT Analysis
13.22.6. Key Developments
13.23. RAZORPAY
13.23.1. Key Facts
13.23.2. Business Description
13.23.3. Products and Services
13.23.4. Financial Overview
13.23.5. SWOT Analysis
13.23.6. Key Developments
13.24. MASTERSOFT
13.24.1. Key Facts
13.24.2. Business Description
13.24.3. Products and Services
13.24.4. Financial Overview
13.24.5. SWOT Analysis
13.24.6. Key Developments
13.25. POCKET HRMS
13.25.1. Key Facts
13.25.2. Business Description
13.25.3. Products and Services
13.25.4. Financial Overview
13.25.5. SWOT Analysis
13.25.6. Key Developments
13.26. NATURAL HR LIMITED
13.26.1. Key Facts
13.26.2. Business Description
13.26.3. Products and Services
13.26.4. Financial Overview
13.26.5. SWOT Analysis
13.26.6. Key Developments
13.27. ZINGHR
13.27.1. Key Facts
13.27.2. Business Description
13.27.3. Products and Services
13.27.4. Financial Overview
13.27.5. SWOT Analysis
13.27.6. Key Developments
13.28. ADP, INC.
13.28.1. Key Facts
13.28.2. Business Description
13.28.3. Products and Services
13.28.4. Financial Overview
13.28.5. SWOT Analysis
13.28.6. Key Developments
13.29. PERK PAYROLL
13.29.1. Key Facts
13.29.2. Business Description
13.29.3. Products and Services
13.29.4. Financial Overview
13.29.5. SWOT Analysis
13.29.6. Key Developments
13.30. SYSFORE TECHNOLOGIES PVT. LTD
13.30.1. Key Facts
13.30.2. Business Description
13.30.3. Products and Services
13.30.4. Financial Overview
13.30.5. SWOT Analysis
13.30.6. Key Developments

14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1. Kronos(U.S)
2. PeopleAdmin
3. Taleo Corporation
4. Halogen Software Inc
5. Kenexa Corporation
6. SuccessFactors
7. SumTotal Systems Inc.
8. Sage(U.S)
9. Ascentis
10. Epicore
11. Keka Inc
12. Greytip Software Pvt. Ltd
13. Zoho Corporation Pvt. Ltd
14. Paybooks
15. Kredily
16. SUMOPAYROLL
17. HRMantra Software Pvt. Ltd.
18. Ramco Systems.
19. Zimyo Consulting Private Limited
20.Technology Counter Pvt. Ltd.
21. HROne
22. Marg ERP Limited
23. Razorpay
24. MasterSoft
25. Pocket HRMS
26. Natural HR Limited
27. ZingHR
28. ADP, Inc.
29. Perk Payroll
30.Sysfore Technologies Pvt. Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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