[Research Report] The cloud based payroll software market is projected to grow from US$ 10,254.01 million in 2022 to US$ 20,355.22 million by 2028; it is estimated to register a CAGR of 12.1% from 2022 to 2028.
A payroll management system has increasingly become essential to operate and control employees' salaries, and a cloud-based payroll system is a massive support for organizations operating remotely, including the payroll department. Cloud-based payroll software collects, manages, and maintains employee data to automate employee payments remotely. Also, it helps businesses reduce their operational costs while staying aligned with the latest financial and legal obligations. Using cloud-based payroll software, employees' salaries can be disbursed from anywhere securely. Also, businesses can improve their efficiency by deploying new software with minimum risk and reduced internal staffing requirements. Owing to the cost-avoidance approach for managing payroll operations through effective governance structures and adopting leading practice processes and controls, the demand for cloud-based payroll software is growing significantly with the expansion of BFSI and IT & telecom industries. Many SMEs are expected to boost the demand for cloud-based payroll software in the coming years. Thus, the growing number of SMEs is projected to offer lucrative opportunities for the cloud based payroll software market in the future.
The cloud based payroll software market in North America is segmented into Canada, the US, and Mexico. The US accounted for the largest share of the North America cloud based payroll software market. Several businesses in the US are increasingly adopting advanced payroll solutions for workforce management. The use of outdated payroll systems such as spreadsheets has decreased with the rise in the popularity of automated payroll processes based on a centralized system. These processes help them keep up with compliance standards. Running payroll processes manually has been a cumbersome task for human resources (HR) departments. Also, specific rules have been levied for payroll and taxation in the US, depending upon the state of incorporation and business operation. Generally, workers tend to resign from a company if they experience issues with their paychecks. All these difficulties faced by HR departments can be addressed by cloud-based payroll software solutions. Companies in the cloud based payroll software market are taking several new initiatives to boost the demand for cloud-based payroll software. For instance, in September 2020, ProPay Software launched a new cloud-based program to provide business owners with a cloud-based HR assistant to help alleviate business management pains. The company also aims to make business activities such as payroll and employee tracking secure and accurate.
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Cloud Based Payroll Software Market: Strategic Insights
Market Size Value in US$ 10,254.01 million in 2022 Market Size Value by US$ 20,355.22 million by 2028 Growth rate CAGR of 12.1% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Cloud Based Payroll Software Market: Strategic Insights
| Market Size Value in | US$ 10,254.01 million in 2022 |
| Market Size Value by | US$ 20,355.22 million by 2028 |
| Growth rate | CAGR of 12.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe Cloud Based Payroll Software Market Growth
The COVID-19 pandemic had a diverse impact on various nations in Europe. Nations such as Italy and France witnessed increased cases, leading to stringent and long-term lockdowns and social isolation. The pandemic led to an increase in the need for advanced payroll systems that are accessible to employees working remotely, as processing payroll outside of the organization's IT systems and servers exposes the data to potential security breaches and hackers. Further, cloud-based payroll software addresses those limitations by securely allowing remote payroll data access, eliminating the need for payroll staff to be physically present in the office. Many cloud-based payroll software can also integrate other HR functions, such as time-tracking. Also, regular software updates ensure compliance with changes in employment laws and statutory contributions. This allows organizations to streamline standalone HR processes onto a unified HR platform, ensuring accurate and compliant payroll despite remote work arrangements. Hence, the COVID-19 pandemic supported the Europe cloud based payroll software market growth.
Lucrative Regions for Cloud Based Payroll Software Market
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Market Insights – Cloud Based Payroll Software Market
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Ease of System Enhancements and Updates to Drive Cloud Based Payroll Software Market Growth in Coming Years
Payroll should be managed efficiently, as inaccuracies in payroll calculation and processing might hamper employees' experience in the organization. Moreover, cloud-based payroll management software is generally easy to set up and execute timely updates. Employees can easily use this software, and the vendors also provide a training manual to understand the software. Since the software is easy to install and update, the implementation of this software grew significantly to ease the employees' work. As online payroll software is easy to use and helps navigate easily, payroll software vendors allow end users to pay as per business needs in terms of increasing or decreasing the number of users. Finance is a crucial resource for any organization, irrespective of its type, size, or industry. To implement proper payroll management, the rising demand for payroll software further accelerates the cloud based payroll software market growth.
Industry Vertical-Based Cloud Based Payroll Software Market Insights
Based on industry vertical, the cloud based payroll software market is segmented into BFSI, manufacturing, healthcare, telecom and IT, retail, hospitality, and others. The BFSI segment led the cloud-based payroll software market in 2021. BFSI is among the most significant revenue-generating verticals. In this sector, HR tools are used in resolving workplace disputes. Employees also use them to voice concerns and feedback anonymously. HR management systems, attendance, leave, and payroll management methods have changed significantly in the BFSI industry. Companies have already adopted different software and applications for managing employees' attendance and leaves. Moreover, companies in this industry use this data when calculating the payroll, which is generally a time-consuming task requiring HR executives to review payroll data, create salary accounts, process payroll, and generate pay slips for employees. All these factors have led the BFSI segment growth in the cloud based payroll software market.
Players operating in the cloud based payroll software market mainly adopt inorganic growth strategies to stay competitive in the cloud based payroll software market ecosystem.
- In December 2022, Xero Ltd launched single payroll, single touch payroll phase 2 in the market. This will be used in the business to build on its existing STP reporting and share more information with the ATO and other government agencies.
- In October 2022, ELMO Software, a cloud HR and payroll solutions company, partnered with Wellington Phoenix. This partnership aimed at improving HR and payroll management for the club through the use of ELMO's cloud HR and payroll solutions and increased visibility and brand recognition for ELMO Software.
Company Profiled
- Sage Group Plc
- Moorepay Ltd
- Automatic Data Processing Inc
- Xero Ltd
- Ceridian HCM Holdings Inc
- MYOB Australia Pty Ltd
- Microkeeper Ltd
- ELMO Software Ltd
- Webscale Pty Ltd
- Talenox Pte Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Organization Size, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, France, Germany, Italy, Malaysia, Mexico, New Zealand, Saudi Arabia, Singapore, South Africa, South Korea, UAE, United Kingdom, United States
Frequently Asked Questions
Owing to the cost-avoidance approach for managing payroll operations through effective governance structures and adopting leading practice processes and controls, demand for cloud-based payroll software is growing significantly with the expansion of the BFSI and IT & telecom industry. Cloud-based payroll systems allow easy setup of new clients and employees to the payroll systems and make it easy to organize and customize workflows as business needs change, which drives the cloud-based payroll software market growth.
The software alerts enterprises about future tax deadlines and protects organizations from costly litigation and fines by calculating tax. Many SMEs are expected to boost the demand for cloud-based payroll software in the coming years, mainly for tax calculations. Thus, the growing number of SMEs is projected to offer lucrative opportunities for the cloud-based payroll software market in the future.
North America held the largest share of the global cloud-based payroll software market in 2021. Businesses in the region are adopting technology solutions enabling their employees to work from home. There is a rapid digital transformation of organizations in their internal operations and customer and supply chain interactions. Investments in technology are no longer driven merely by the need to obtain cost efficiencies. They are increasingly considered as a strategic requirement for business success. All these factors are expected to propel the market growth in the region during the forecast period.
Many activities across the payroll process are routine and reoccurring with large amounts of data, like the data reconciliation process that occurred at different times before. AI technology provide insight and analytics to support overall labor management decisions, solving problems by looking at large amounts of data and acting based on those predictions. Therefore, the emergence of AI-powered payroll solutions is expected to become a major trend in the market during the forecast period.
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; and Telenox Pte Ltd. are the leading companies in the cloud-based payroll software market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Cloud Based Payroll Software Market – By Component
1.3.2 Cloud Based Payroll Software Market – By Organization Size
1.3.3 Cloud Based Payroll Software Market – By Industry Vertical
1.3.4 Cloud Based Payroll Software Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cloud Based Payroll Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Cloud Based Payroll Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Expansion of IT and Telecom Industry
5.1.2 Advantages of Cloud-based Payroll Software Over On-premise Solutions
5.1.3 Ease of System Enhancements and Updates
5.2 Market Restraints
5.2.1 Data Security issues
5.3 Market Opportunities
5.3.1 Rise in the Adoption of Cloud-based Payroll Software Across SMEs
5.4 Future Trends
5.4.1 Rising Trends of AI-Powered Payroll Solutions
5.4.2 Growing Gig Economy Adopting Payroll Software
5.5 Impact Analysis of Drivers and Restraints
6. Cloud Based Payroll Software Market – Global Analysis
6.1 Global Cloud Based Payroll Software Market Overview
6.2 Cloud Based Payroll Software Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Cloud Based Payroll Software Market Analysis – By Component
7.1 Overview
7.2 Cloud Based Payroll Software Market, By Component (2021 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Cloud Based Payroll Software Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Cloud Based Payroll Software Market – Revenue, and Forecast to 2028 (US$ Million)
7.4.2.1 Managed Services
7.4.2.1.1 Overview
7.4.2.1.2 Managed Services: Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.4.2.2 Professional Services
7.4.2.2.1 Overview
7.4.2.2.2 Professional Services: Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8. Cloud Based Payroll Software Market Analysis – By Organization Size
8.1 Overview
8.2 Cloud Based Payroll Software Market, By Organization Size (2021 and 2028)
8.3 Large Enterprises
8.3.1 Overview
8.3.2 Large Enterprises: Cloud Based Payroll Software Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Small and Medium Enterprises
8.4.1 Overview
8.4.2 Small and Medium Enterprises: Cloud Based Payroll Software Market- Revenue and Forecast to 2028 (US$ Million)
9. Cloud Based Payroll Software Market Analysis – By Industry Vertical
9.1 Overview
9.2 Cloud Based Payroll Software Market Breakdown, By Industry Vertical, 2021 & 2028
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
9.5 Telecom and IT
9.5.1 Overview
9.5.2 Telecom and IT Market Revenue and Forecast to 2028 (US$ Million)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
9.7 Retail
9.7.1 Overview
9.7.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
9.8 Hospitality
9.8.1 Overview
9.8.2 Hospitality Market Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. Cloud Based Payroll Software Market – Geographic Analysis
10.1 Overview
10.2 North America: Cloud Based Payroll Software Market
10.2.1 Overview
10.2.2 North America Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
10.2.3 North America Cloud Based Payroll Software Market Breakdown, By Component
10.2.3.1 North America Cloud Based Payroll Software Market Breakdown, By Services
10.2.4 North America Cloud Based Payroll Software Market Breakdown, By Organization Size
10.2.5 North America Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.2.6 North America Cloud Based Payroll Software Market Breakdown, by Country
10.2.6.1 US Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.2.6.1.1 US Cloud Based Payroll Software Market Breakdown, By Component
10.2.6.1.1.1 US Cloud Based Payroll Software Market Breakdown, By Services
10.2.6.1.2 US Cloud Based Payroll Software Market Breakdown, By Organization Size
10.2.6.1.3 US Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.2.6.2 Canada Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.2.6.2.1 Canada Cloud Based Payroll Software Market Breakdown, By Component
10.2.6.2.1.2 Canada Cloud Based Payroll Software Market Breakdown, By Services
10.2.6.2.2 Canada Cloud Based Payroll Software Market Breakdown, By Organization Size
10.2.6.2.3 Canada Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.2.6.3 Mexico Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.2.6.3.1 Mexico Cloud Based Payroll Software Market Breakdown, By Component
10.2.6.3.1.1 Mexico Cloud Based Payroll Software Market Breakdown, By Services
10.2.6.3.2 Mexico Cloud Based Payroll Software Market Breakdown, By Organization Size
10.2.6.3.3 Mexico Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.3 Europe: Cloud Based Payroll Software Market
10.3.1 Overview
10.3.2 Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
10.3.3 Europe Cloud Based Payroll Software Market Breakdown, By Component
10.3.3.1 Europe Cloud Based Payroll Software Market Breakdown, By Services
10.3.4 Europe Cloud Based Payroll Software Market Breakdown, By Organization Size
10.3.5 Europe Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.3.6 Europe Cloud Based Payroll Software Market Breakdown, by Country
10.3.6.1 Germany Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.3.6.1.1 Germany Cloud Based Payroll Software Market Breakdown, By Component
10.3.6.1.1.1 Germany Cloud Based Payroll Software Market Breakdown, By Services
10.3.6.1.2 Germany Cloud Based Payroll Software Market Breakdown, By Organization Size
10.3.6.1.3 Germany Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.3.6.2 UK Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.3.6.2.1 UK Cloud Based Payroll Software Market Breakdown, By Component
10.3.6.2.1.1 UK Cloud Based Payroll Software Market Breakdown, By Services
10.3.6.2.2 UK Cloud Based Payroll Software Market Breakdown, By Organization Size
10.3.6.2.3 UK Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.3.6.3 France Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.3.6.3.1 France Cloud Based Payroll Software Market Breakdown, By Component
10.3.6.3.1.1 France Cloud Based Payroll Software Market Breakdown, By Services
10.3.6.3.2 France Cloud Based Payroll Software Market Breakdown, By Organization Size
10.3.6.3.3 France Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.3.6.4 Italy Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.3.6.4.1 Italy Cloud Based Payroll Software Market Breakdown, By Component
10.3.6.4.1.1 Italy Cloud Based Payroll Software Market Breakdown, By Services
10.3.6.4.2 Italy Cloud Based Payroll Software Market Breakdown, By Organization Size
10.3.6.4.3 Italy Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.3.6.5 Rest of Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.3.6.5.1 Rest of Europe Cloud Based Payroll Software Market Breakdown, By Component
10.3.6.5.1.1 Rest of Europe Cloud Based Payroll Software Market Breakdown, By Services
10.3.6.5.2 Rest of Europe Cloud Based Payroll Software Market Breakdown, By Organization Size
10.3.6.5.3 Rest of Europe Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4 Asia Pacific: Cloud Based Payroll Software Market
10.4.1 Overview
10.4.2 Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
10.4.3 Asia Pacific Cloud Based Payroll Software Market Breakdown, By Component
10.4.3.1 Asia Pacific Cloud Based Payroll Software Market Breakdown, By Services
10.4.4 Asia Pacific Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.5 Asia Pacific Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4.6 Asia Pacific Cloud Based Payroll Software Market Breakdown, by Country
10.4.6.1 South Korea Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.4.6.1.1 South Korea Cloud Based Payroll Software Market Breakdown, By Component
10.4.6.1.1.1 South Korea Cloud Based Payroll Software Market Breakdown, By Services
10.4.6.1.2 South Korea Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.6.1.3 South Korea Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4.6.2 Australia Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.4.6.2.1 Australia Cloud Based Payroll Software Market Breakdown, By Component
10.4.6.2.1.1 Australia Cloud Based Payroll Software Market Breakdown, By Services
10.4.6.2.2 Australia Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.6.2.3 Australia Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4.6.3 Singapore Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.4.6.3.1 Singapore Cloud Based Payroll Software Market Breakdown, By Component
10.4.6.3.1.1 Singapore Cloud Based Payroll Software Market Breakdown, By Services
10.4.6.3.2 Singapore Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.6.3.3 Singapore Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4.6.4 New Zealand Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.4.6.4.1 New Zealand Cloud Based Payroll Software Market Breakdown, By Component
10.4.6.4.1.1 New Zealand Cloud Based Payroll Software Market Breakdown, By Services
10.4.6.4.2 New Zealand Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.6.4.3 New Zealand Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4.6.5 Malaysia Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.4.6.5.1 Malaysia Cloud Based Payroll Software Market Breakdown, By Component
10.4.6.5.1.1 Malaysia Cloud Based Payroll Software Market Breakdown, By Services
10.4.6.5.2 Malaysia Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.6.5.3 Malaysia Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.4.6.6 Rest of APAC Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.4.6.6.1 Rest of APAC Cloud Based Payroll Software Market Breakdown, By Component
10.4.6.6.1.1 Rest of APAC Cloud Based Payroll Software Market Breakdown, By Services
10.4.6.6.2 Rest of APAC Cloud Based Payroll Software Market Breakdown, By Organization Size
10.4.6.6.3 Rest of APAC Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.5 Middle East & Africa: Cloud Based Payroll Software Market
10.5.1 Overview
10.5.2 Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
10.5.3 Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Component
10.5.3.1 Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Services
10.5.4 Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Organization Size
10.5.5 Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.5.6 Middle East & Africa Cloud Based Payroll Software Market Breakdown, by Country
10.5.6.1 UAE Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.5.6.1.1 UAE Cloud Based Payroll Software Market Breakdown, By Component
10.5.6.1.1.1 UAE Cloud Based Payroll Software Market Breakdown, By Services
10.5.6.1.2 UAE Cloud Based Payroll Software Market Breakdown, By Organization Size
10.5.6.1.3 UAE Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.5.6.2 Saudi Arabia Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.5.6.2.1 Saudi Arabia Cloud Based Payroll Software Market Breakdown, By Component
10.5.6.2.1.1 Saudi Arabia Cloud Based Payroll Software Market Breakdown, By Services
10.5.6.2.2 Saudi Arabia Cloud Based Payroll Software Market Breakdown, By Organization Size
10.5.6.2.3 Saudi Arabia Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.5.6.3 South Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.5.6.3.1 South Africa Cloud Based Payroll Software Market Breakdown, By Component
10.5.6.3.1.1 South Africa Cloud Based Payroll Software Market Breakdown, By Services
10.5.6.3.2 South Africa Cloud Based Payroll Software Market Breakdown, By Organization Size
10.5.6.3.3 South Africa Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.5.6.4 Rest of Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.5.6.4.1 Rest of Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Component
10.5.6.4.1.1 Rest of Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Services
10.5.6.4.2 Rest of Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Organization Size
10.5.6.4.3 Rest of Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.6 South America: Cloud Based Payroll Software Market
10.6.1 Overview
10.6.2 South America Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
10.6.3 South America Cloud Based Payroll Software Market Breakdown, By Component
10.6.3.1 South America Cloud Based Payroll Software Market Breakdown, By Services
10.6.4 South America Cloud Based Payroll Software Market Breakdown, By Organization Size
10.6.5 South America Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.6.6 South America Cloud Based Payroll Software Market Breakdown, by Country
10.6.6.1 Brazil Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.6.6.1.1 Brazil Cloud Based Payroll Software Market Breakdown, By Component
10.6.6.1.1.1 Brazil Cloud Based Payroll Software Market Breakdown, By Services
10.6.6.1.2 Brazil Cloud Based Payroll Software Market Breakdown, By Organization Size
10.6.6.1.3 Brazil Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.6.6.2 Argentina Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.6.6.2.1 Argentina Cloud Based Payroll Software Market Breakdown, By Component
10.6.6.2.1.1 Argentina Cloud Based Payroll Software Market Breakdown, By Services
10.6.6.2.2 Argentina Cloud Based Payroll Software Market Breakdown, By Organization Size
10.6.6.2.3 Argentina Cloud Based Payroll Software Market Breakdown, By Industry Vertical
10.6.6.3 Rest of SAM Cloud Based Payroll Software Market, Revenue and Forecast to 2028
10.6.6.3.1 Rest of SAM Cloud Based Payroll Software Market Breakdown, By Component
10.6.6.3.1.1 Rest of SAM Cloud Based Payroll Software Market Breakdown, By Services
10.6.6.3.2 Rest of SAM Cloud Based Payroll Software Market Breakdown, By Organization Size
10.6.6.3.3 Rest of SAM Cloud Based Payroll Software Market Breakdown, By Industry Vertical
11. Impact of COVID-19 Pandemic on Global Cloud Based Payroll Software Market
11.1 Overview
11.2 North America
11.3 Europe
11.4 APAC
11.5 MEA
11.6 SAM Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Ceridian HCM Holdings Inc
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 MYOB Australia Pty Ltd
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 Microkeeper Ltd
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 Sage Group Plc
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 Moorepay Ltd
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 Automatic Data Processing Inc
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 Xero Ltd
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 ELMO Software Ltd
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 Talenox Pte Ltd
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 Webscale Pty Ltd
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Cloud Based Payroll Software Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 3. North America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Services (US$ Million)
Table 4. North America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Organization Size (US$ Million)
Table 5. North America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ Million)
Table 6. North America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 7. US Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 8. US Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 9. US Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 10. US Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 11. Canada Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 12. Canada Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 13. Canada Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 14. Canada Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 15. Mexico Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 16. Mexico Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 17. Mexico Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 18. Mexico Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 19. Europe Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 20. Europe Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Services (US$ Million)
Table 21. Europe Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Organization Size (US$ Million)
Table 22. Europe Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ Million)
Table 23. Europe Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 24. Germany Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 25. Germany Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 26. Germany Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 27. Germany Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 28. UK Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 29. UK Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 30. UK Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 31. UK Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 32. France Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 33. France Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 34. France Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 35. France Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 36. Italy Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 37. Italy Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 38. Italy Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 39. Italy Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 40. Rest of Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 41. Rest of Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 42. Rest of Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 43. Rest of Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 44. Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 45. Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Services (US$ Million)
Table 46. Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Organization Size US$ Million)
Table 47. Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ Million)
Table 48. Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 49. South Korea Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 50. South Korea Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 51. South Korea Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 52. South Korea Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 53. Australia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 54. Australia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 55. Australia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 56. Australia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 57. Singapore Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 58. Singapore Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 59. Singapore Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 60. Singapore Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 61. New Zealand Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 62. New Zealand Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 63. New Zealand Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 64. New Zealand Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 65. Malaysia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 66. Malaysia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 67. Malaysia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 68. Malaysia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 69. Rest of APAC Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 70. Rest of APAC Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 71. Rest of APAC Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 72. Rest of APAC Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 73. Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 74. Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Services (US$ Million)
Table 75. Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Organization Size (US$ Million)
Table 76. Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ Million)
Table 77. Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 78. UAE Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 79. UAE Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 80. UAE Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 81. UAE Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 82. Saudi Arabia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 83. Saudi Arabia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 84. Saudi Arabia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 85. Saudi Arabia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 86. South Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 87. South Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 88. South Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 89. South Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 90. Rest of Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 91. Rest of Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 92. Rest of Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 93. Rest of Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 94. South America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 95. South America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Services (US$ Million)
Table 96. South America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Organization Size (US$ Million)
Table 97. South America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Industry Vertical (US$ Million)
Table 98. South America Cloud Based Payroll Software Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 99. Brazil Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 100. Brazil Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 101. Brazil Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 102. Brazil Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 103. Argentina Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 104. Argentina Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 105. Argentina Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 106. Argentina Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 107. Rest of SAM Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 108. Rest of SAM Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 109. Rest of SAM Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 110. Rest of SAM Cloud Based Payroll Software Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Million)
Table 111. List of Abbreviation
LIST OF FIGURES
Figure 1. Cloud Based Payroll Software Market Segmentation
Figure 2. Cloud Based Payroll Software Market Segmentation – By Geography
Figure 3. Global Cloud Based Payroll Software Market Overview
Figure 4. Software Segment held the Largest Share of Cloud Based Payroll Software Market
Figure 5. Large Enterprises Segment held the Largest Share of Cloud Based Payroll Software Market
Figure 6. BFSI segment held the Largest Share of Cloud Based Payroll Software Market
Figure 7. Asia Pacific to Show Great Traction During Forecast Period
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Expert Opinion
Figure 14. Cloud Based Payroll Software Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Cloud Based Payroll Software Market
Figure 16. Cloud Based Payroll Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Cloud Based Payroll Software Market Revenue Share, By Component (2021 and 2028)
Figure 18. Software: Cloud Based Payroll Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Services: Cloud Based Payroll Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Managed Services: Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Professional Services: Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Cloud Based Payroll Software Market Revenue Share, By Organization Size (2021 and 2028)
Figure 23. Large Enterprises: Cloud Based Payroll Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Small and Medium Enterprises: Cloud Based Payroll Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Cloud Based Payroll Software Market Revenue Share, By Industry Vertical (2021 and 2028)
Figure 26. BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Telecom and IT Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Healthcare Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Retail Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Hospitality Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Global Cloud Based Payroll Software Market Breakdown, by Region, 2021 & 2028 (%)
Figure 34. North America Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America Cloud Based Payroll Software Market Breakdown, By Component, 2021 & 2028 (%)
Figure 36. North America Cloud Based Payroll Software Market Breakdown, By Organization Size, 2021 & 2028 (%)
Figure 37. North America Cloud Based Payroll Software Market Breakdown, By Industry Vertical, 2021 & 2028 (%)
Figure 38. North America Cloud Based Payroll Software Market Breakdown, by Country, 2021 & 2028 (%)
Figure 39. US Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe Cloud Based Payroll Software Market Breakdown, By Component, 2021 & 2028 (%)
Figure 44. Europe Cloud Based Payroll Software Market Breakdown, By Organization Size, 2021 & 2028 (%)
Figure 45. Europe Cloud Based Payroll Software Market Breakdown, By Industry Vertical, 2021 & 2028 (%)
Figure 46. Europe Cloud Based Payroll Software Market Breakdown, by Country, 2021 & 2028 (%)
Figure 47. Germany Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 48. UK Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 49. France Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 53. Asia Pacific Cloud Based Payroll Software Market Breakdown, By Component, 2021 & 2028 (%)
Figure 54. Asia Pacific Cloud Based Payroll Software Market Breakdown, By Organization Size, 2021 & 2028 (%)
Figure 55. Asia Pacific Cloud Based Payroll Software Market Breakdown, By Industry Vertical, 2021 & 2028 (%)
Figure 56. Asia Pacific Cloud Based Payroll Software Market Breakdown, by Country, 2021 & 2028 (%)
Figure 57. South Korea Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 58. Australia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 59. Singapore Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 60. New Zealand Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 61. Malaysia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of APAC Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 63. Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 64. Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Component, 2021 & 2028 (%)
Figure 65. Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Organization Size, 2021 & 2028 (%)
Figure 66. Middle East & Africa Cloud Based Payroll Software Market Breakdown, By Industry Vertical, 2021 & 2028 (%)
Figure 67. Middle East & Africa Cloud Based Payroll Software Market Breakdown, by Country, 2021 & 2028 (%)
Figure 68. UAE Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 69. Saudi Arabia Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 70. South Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 71. Rest of Middle East & Africa Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 72. South America Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 73. South America Cloud Based Payroll Software Market Breakdown, By Component, 2021 & 2028 (%)
Figure 74. South America Cloud Based Payroll Software Market Breakdown, By Organization Size, 2021 & 2028 (%)
Figure 75. South America Cloud Based Payroll Software Market Breakdown, By Industry Vertical, 2021 & 2028 (%)
Figure 76. South America Cloud Based Payroll Software Market Breakdown, by Country, 2021 & 2028 (%)
Figure 77. Brazil Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 78. Argentina Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 79. Rest of SAM Cloud Based Payroll Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 80. Impact of COVID-19 Pandemic in North American Country Markets
Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 82. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 83. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 84. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Cloud Based Payroll Software Market
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
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