Industry: Service & Software
Published Date: 2024-04-25
Pages: 127 Pages
Report ld: 3062664
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Cloud-based Payroll Software Market Size(US$)

CAGR 2024-2030
5.5%
Market Size,2030
USD 10,830
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Payroll software automates, organizes, and simplifies complex compensation planning and enables managers to improve budget allocations, increase accuracy, and align compensation decisions with organizational guidelines. Enterprises are implementing payroll software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. Cloud-based payroll software is being installed by companies as it is economical and improves the efficiency of the compensation and review processes. The growing acceptance of cloud-based payroll software can be attributed to its advantages over the traditional payroll process. Cloud-based payroll software enables organizations to access data and services remotely through a web-browser without installing and managing application software. Cloud-based payroll software also provides flexibility in the deployment and has a short implementation time. This reduces implementation cost and improves the return on investment. One of the main benefits of cloud-based payroll software is the ability to access it from anywhere.
Market Analysis and Insights: Global Cloud-based Payroll Software Market
The global Cloud-based Payroll Software market is projected to grow from US$ 7857.9 million in 2024 to US$ 10830 million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period.
According to the report, one of the major drivers for this market is Reduction in TCO. For traditional on-site security software, TCO includes a high upfront software license cost and software implementation cost coupled with a high maintenance cost. In the case of cloud, cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration. In addition, the pricing model of cloud-based payroll software is based on the pay-per-use model, where customers pay according to their use of the services, as opposed to a traditional on-site model that requires a one-time substantial capital investment and ongoing operational costs.
Report Covers:
This report presents an overview of global market for Cloud-based Payroll Software market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Cloud-based Payroll Software, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Cloud-based Payroll Software, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Cloud-based Payroll Software revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Cloud-based Payroll Software market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Cloud-based Payroll Software revenue, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including ADP, CoreHR, Oracle, Paychex, SAP Success Factors, Ultimate Software, Workday, Aditro and Advanced, etc.
MARKET SEGMENTATION
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Cloud-based Payroll Software Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Business Software
1.2.3 Cloud ERP Software
1.2.4 Services Automation
1.3 Market by Application
1.3.1 Global Cloud-based Payroll Software Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 SMEs
1.3.3 Large Enterprises
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Cloud-based Payroll Software Market Perspective (2019-2030)
2.2 Global Cloud-based Payroll Software Growth Trends by Region
2.2.1 Cloud-based Payroll Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Cloud-based Payroll Software Historic Market Size by Region (2019-2024)
2.2.3 Cloud-based Payroll Software Forecasted Market Size by Region (2025-2030)
2.3 Cloud-based Payroll Software Market Dynamics
2.3.1 Cloud-based Payroll Software Industry Trends
2.3.2 Cloud-based Payroll Software Market Drivers
2.3.3 Cloud-based Payroll Software Market Challenges
2.3.4 Cloud-based Payroll Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Cloud-based Payroll Software by Players
3.1.1 Global Cloud-based Payroll Software Revenue by Players (2019-2024)
3.1.2 Global Cloud-based Payroll Software Revenue Market Share by Players (2019-2024)
3.2 Global Cloud-based Payroll Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Cloud-based Payroll Software, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Cloud-based Payroll Software Market Concentration Ratio
3.4.1 Global Cloud-based Payroll Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Cloud-based Payroll Software Revenue in 2023
3.5 Global Key Players of Cloud-based Payroll Software Head office and Area Served
3.6 Global Key Players of Cloud-based Payroll Software, Product and Application
3.7 Global Key Players of Cloud-based Payroll Software, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Cloud-based Payroll Software Breakdown Data by Type
4.1 Global Cloud-based Payroll Software Historic Market Size by Type (2019-2024)
4.2 Global Cloud-based Payroll Software Forecasted Market Size by Type (2025-2030)
5 Cloud-based Payroll Software Breakdown Data by Application
5.1 Global Cloud-based Payroll Software Historic Market Size by Application (2019-2024)
5.2 Global Cloud-based Payroll Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Cloud-based Payroll Software Market Size (2019-2030)
6.2 North America Cloud-based Payroll Software Market Size by Type
6.2.1 North America Cloud-based Payroll Software Market Size by Type (2019-2024)
6.2.2 North America Cloud-based Payroll Software Market Size by Type (2025-2030)
6.2.3 North America Cloud-based Payroll Software Market Share by Type (2019-2030)
6.3 North America Cloud-based Payroll Software Market Size by Application
6.3.1 North America Cloud-based Payroll Software Market Size by Application (2019-2024)
6.3.2 North America Cloud-based Payroll Software Market Size by Application (2025-2030)
6.3.3 North America Cloud-based Payroll Software Market Share by Application (2019-2030)
6.4 North America Cloud-based Payroll Software Market Size by Country
6.4.1 North America Cloud-based Payroll Software Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Cloud-based Payroll Software Market Size by Country (2019-2024)
6.4.3 North America Cloud-based Payroll Software Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Cloud-based Payroll Software Market Size (2019-2030)
7.2 Europe Cloud-based Payroll Software Market Size by Type
7.2.1 Europe Cloud-based Payroll Software Market Size by Type (2019-2024)
7.2.2 Europe Cloud-based Payroll Software Market Size by Type (2025-2030)
7.2.3 Europe Cloud-based Payroll Software Market Share by Type (2019-2030)
7.3 Europe Cloud-based Payroll Software Market Size by Application
7.3.1 Europe Cloud-based Payroll Software Market Size by Application (2019-2024)
7.3.2 Europe Cloud-based Payroll Software Market Size by Application (2025-2030)
7.3.3 Europe Cloud-based Payroll Software Market Share by Application (2019-2030)
7.4 Europe Cloud-based Payroll Software Market Size by Country
7.4.1 Europe Cloud-based Payroll Software Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Cloud-based Payroll Software Market Size by Country (2019-2024)
7.4.3 Europe Cloud-based Payroll Software Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Cloud-based Payroll Software Market Size (2019-2030)
8.2 China Cloud-based Payroll Software Market Size by Type
8.2.1 China Cloud-based Payroll Software Market Size by Type (2019-2024)
8.2.2 China Cloud-based Payroll Software Market Size by Type (2025-2030)
8.2.3 China Cloud-based Payroll Software Market Share by Type (2019-2030)
8.3 China Cloud-based Payroll Software Market Size by Application
8.3.1 China Cloud-based Payroll Software Market Size by Application (2019-2024)
8.3.2 China Cloud-based Payroll Software Market Size by Application (2025-2030)
8.3.3 China Cloud-based Payroll Software Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Cloud-based Payroll Software Market Size (2019-2030)
9.2 Asia Cloud-based Payroll Software Market Size by Type
9.2.1 Asia Cloud-based Payroll Software Market Size by Type (2019-2024)
9.2.2 Asia Cloud-based Payroll Software Market Size by Type (2025-2030)
9.2.3 Asia Cloud-based Payroll Software Market Share by Type (2019-2030)
9.3 Asia Cloud-based Payroll Software Market Size by Application
9.3.1 Asia Cloud-based Payroll Software Market Size by Application (2019-2024)
9.3.2 Asia Cloud-based Payroll Software Market Size by Application (2025-2030)
9.3.3 Asia Cloud-based Payroll Software Market Share by Application (2019-2030)
9.4 Asia Cloud-based Payroll Software Market Size by Region
9.4.1 Asia Cloud-based Payroll Software Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Cloud-based Payroll Software Market Size by Region (2019-2024)
9.4.3 Asia Cloud-based Payroll Software Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Type
10.2.1 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Application
10.3.1 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Country
10.4.1 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Cloud-based Payroll Software Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 ADP
11.1.1 ADP Company Details
11.1.2 ADP Business Overview
11.1.3 ADP Cloud-based Payroll Software Introduction
11.1.4 ADP Revenue in Cloud-based Payroll Software Business (2019-2024)
11.1.5 ADP Recent Developments
11.2 CoreHR
11.2.1 CoreHR Company Details
11.2.2 CoreHR Business Overview
11.2.3 CoreHR Cloud-based Payroll Software Introduction
11.2.4 CoreHR Revenue in Cloud-based Payroll Software Business (2019-2024)
11.2.5 CoreHR Recent Developments
11.3 Oracle
11.3.1 Oracle Company Details
11.3.2 Oracle Business Overview
11.3.3 Oracle Cloud-based Payroll Software Introduction
11.3.4 Oracle Revenue in Cloud-based Payroll Software Business (2019-2024)
11.3.5 Oracle Recent Developments
11.4 Paychex
11.4.1 Paychex Company Details
11.4.2 Paychex Business Overview
11.4.3 Paychex Cloud-based Payroll Software Introduction
11.4.4 Paychex Revenue in Cloud-based Payroll Software Business (2019-2024)
11.4.5 Paychex Recent Developments
11.5 SAP Success Factors
11.5.1 SAP Success Factors Company Details
11.5.2 SAP Success Factors Business Overview
11.5.3 SAP Success Factors Cloud-based Payroll Software Introduction
11.5.4 SAP Success Factors Revenue in Cloud-based Payroll Software Business (2019-2024)
11.5.5 SAP Success Factors Recent Developments
11.6 Ultimate Software
11.6.1 Ultimate Software Company Details
11.6.2 Ultimate Software Business Overview
11.6.3 Ultimate Software Cloud-based Payroll Software Introduction
11.6.4 Ultimate Software Revenue in Cloud-based Payroll Software Business (2019-2024)
11.6.5 Ultimate Software Recent Developments
11.7 Workday
11.7.1 Workday Company Details
11.7.2 Workday Business Overview
11.7.3 Workday Cloud-based Payroll Software Introduction
11.7.4 Workday Revenue in Cloud-based Payroll Software Business (2019-2024)
11.7.5 Workday Recent Developments
11.8 Aditro
11.8.1 Aditro Company Details
11.8.2 Aditro Business Overview
11.8.3 Aditro Cloud-based Payroll Software Introduction
11.8.4 Aditro Revenue in Cloud-based Payroll Software Business (2019-2024)
11.8.5 Aditro Recent Developments
11.9 Advanced
11.9.1 Advanced Company Details
11.9.2 Advanced Business Overview
11.9.3 Advanced Cloud-based Payroll Software Introduction
11.9.4 Advanced Revenue in Cloud-based Payroll Software Business (2019-2024)
11.9.5 Advanced Recent Developments
11.10 Affinity
11.10.1 Affinity Company Details
11.10.2 Affinity Business Overview
11.10.3 Affinity Cloud-based Payroll Software Introduction
11.10.4 Affinity Revenue in Cloud-based Payroll Software Business (2019-2024)
11.10.5 Affinity Recent Developments
11.11 Ascentis
11.11.1 Ascentis Company Details
11.11.2 Ascentis Business Overview
11.11.3 Ascentis Cloud-based Payroll Software Introduction
11.11.4 Ascentis Revenue in Cloud-based Payroll Software Business (2019-2024)
11.11.5 Ascentis Recent Developments
11.12 BenefitMall
11.12.1 BenefitMall Company Details
11.12.2 BenefitMall Business Overview
11.12.3 BenefitMall Cloud-based Payroll Software Introduction
11.12.4 BenefitMall Revenue in Cloud-based Payroll Software Business (2019-2024)
11.12.5 BenefitMall Recent Developments
11.13 beqom
11.13.1 beqom Company Details
11.13.2 beqom Business Overview
11.13.3 beqom Cloud-based Payroll Software Introduction
11.13.4 beqom Revenue in Cloud-based Payroll Software Business (2019-2024)
11.13.5 beqom Recent Developments
11.14 Ceridian HCM
11.14.1 Ceridian HCM Company Details
11.14.2 Ceridian HCM Business Overview
11.14.3 Ceridian HCM Cloud-based Payroll Software Introduction
11.14.4 Ceridian HCM Revenue in Cloud-based Payroll Software Business (2019-2024)
11.14.5 Ceridian HCM Recent Developments
11.15 CloudPay
11.15.1 CloudPay Company Details
11.15.2 CloudPay Business Overview
11.15.3 CloudPay Cloud-based Payroll Software Introduction
11.15.4 CloudPay Revenue in Cloud-based Payroll Software Business (2019-2024)
11.15.5 CloudPay Recent Developments
11.16 Datacom
11.16.1 Datacom Company Details
11.16.2 Datacom Business Overview
11.16.3 Datacom Cloud-based Payroll Software Introduction
11.16.4 Datacom Revenue in Cloud-based Payroll Software Business (2019-2024)
11.16.5 Datacom Recent Developments
11.17 Execupay
11.17.1 Execupay Company Details
11.17.2 Execupay Business Overview
11.17.3 Execupay Cloud-based Payroll Software Introduction
11.17.4 Execupay Revenue in Cloud-based Payroll Software Business (2019-2024)
11.17.5 Execupay Recent Developments
11.18 Gusto
11.18.1 Gusto Company Details
11.18.2 Gusto Business Overview
11.18.3 Gusto Cloud-based Payroll Software Introduction
11.18.4 Gusto Revenue in Cloud-based Payroll Software Business (2019-2024)
11.18.5 Gusto Recent Developments
11.19 iAdmin
11.19.1 iAdmin Company Details
11.19.2 iAdmin Business Overview
11.19.3 iAdmin Cloud-based Payroll Software Introduction
11.19.4 iAdmin Revenue in Cloud-based Payroll Software Business (2019-2024)
11.19.5 iAdmin Recent Developments
11.20 IRIS Software
11.20.1 IRIS Software Company Details
11.20.2 IRIS Software Business Overview
11.20.3 IRIS Software Cloud-based Payroll Software Introduction
11.20.4 IRIS Software Revenue in Cloud-based Payroll Software Business (2019-2024)
11.20.5 IRIS Software Recent Developments
11.21 Paycom
11.21.1 Paycom Company Details
11.21.2 Paycom Business Overview
11.21.3 Paycom Cloud-based Payroll Software Introduction
11.21.4 Paycom Revenue in Cloud-based Payroll Software Business (2019-2024)
11.21.5 Paycom Recent Developments
11.22 Payroo
11.22.1 Payroo Company Details
11.22.2 Payroo Business Overview
11.22.3 Payroo Cloud-based Payroll Software Introduction
11.22.4 Payroo Revenue in Cloud-based Payroll Software Business (2019-2024)
11.22.5 Payroo Recent Developments
11.23 Sage (UK)
11.23.1 Sage (UK) Company Details
11.23.2 Sage (UK) Business Overview
11.23.3 Sage (UK) Cloud-based Payroll Software Introduction
11.23.4 Sage (UK) Revenue in Cloud-based Payroll Software Business (2019-2024)
11.23.5 Sage (UK) Recent Developments
11.24 SmartPayroll Australia
11.24.1 SmartPayroll Australia Company Details
11.24.2 SmartPayroll Australia Business Overview
11.24.3 SmartPayroll Australia Cloud-based Payroll Software Introduction
11.24.4 SmartPayroll Australia Revenue in Cloud-based Payroll Software Business (2019-2024)
11.24.5 SmartPayroll Australia Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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