Cloud Based Payroll Software Market Scope And Analysis

  • Report Code : TIPRE00003062
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Cloud Based Payroll Software Market Scope and Analysis by 2031

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Cloud Based Payroll Software Market Report Cloud Based Payroll Software Market Size and Share Cloud Based Payroll Software Market Scope and Analysis

Cloud Based Payroll Software Market Report Scope

Report Attribute Details
Market size in 2023 US$ 11354.83 Million
Market Size by 2031 US$ 28307.94 Million
Global CAGR (2023 - 2031) 12.1%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Software
  • Services
By Organization Size
  • Small and Medium Enterprises
  • Large Enterprises
By Industry Vertical
  • BFSI
  • Manufacturing
  • Healthcare
  • IT and Telecom
  • Retail
  • Hospitality
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • The Sage Group plc
  • Moorepay Limited
  • Automatic Data Processing Inc
  • Xero Limited
  • Ceridian HCM Inc
  • MYOB Australia Pty Ltd
  • Microkeeper
  • ELMO Software
  • Webscale Pty Ltd
  • Telenox Pte Ltd

    • Cloud Based Payroll Software Market News and Recent Developments

    The cloud based payroll software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cloud based payroll software market are listed below:

    • Oracle announced plans to deliver Oracle Payroll for Ireland, part of Oracle Fusion Cloud Human Capital Management (HCM). Expanding on the power of Oracle’s global payroll solution, the new localisation will deliver intelligent capabilities like AI-driven risk mitigation, automated workflows, built-in compliance support, improved data insights, and rapid payroll processes for employees working in Ireland. (Source: Oracle, Press Release, March 2024)
    • Ramco Systems announced the launch of Ramco Payce, a platform-based payroll software designed to redefine how businesses manage payroll. Payce capitalizes on advanced technologies such as serverless in-memory, artificial intelligence, data analytics,  and machine learning. Ramco's two decades of exceptional performance to help enterprises process payroll faster, effortlessly and accurately. (Source: Ramco Systems, Press Release, February 2024)

    Cloud Based Payroll Software Market Report Coverage and Deliverables

    The “Cloud Based Payroll Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Cloud based payroll software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Cloud based payroll software market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • cloud based payroll software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the cloud based payroll software market
    • Detailed company profiles