Industry: Service & Software
Published Date: 2025-02-27
Pages: 160 Pages
Report ld: 4313254
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Cloud-based Payroll Software Market Size(US$)

CAGR 2025-2031
5.5%
Market Size,2031
USD 11,930
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Cloud-based Payroll Software was estimated to be worth US$ 8247 million in 2024 and is forecast to a readjusted size of US$ 11930 million by 2031 with a CAGR of 5.5% during the forecast period 2025-2031.
Payroll software automates, organizes, and simplifies complex compensation planning and enables managers to improve budget allocations, increase accuracy, and align compensation decisions with organizational guidelines. Enterprises are implementing payroll software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. Cloud-based payroll software is being installed by companies as it is economical and improves the efficiency of the compensation and review processes. The growing acceptance of cloud-based payroll software can be attributed to its advantages over the traditional payroll process. Cloud-based payroll software enables organizations to access data and services remotely through a web-browser without installing and managing application software. Cloud-based payroll software also provides flexibility in the deployment and has a short implementation time. This reduces implementation cost and improves the return on investment. One of the main benefits of cloud-based payroll software is the ability to access it from anywhere.
According to the report, one of the major drivers for this market is Reduction in TCO. For traditional on-site security software, TCO includes a high upfront software license cost and software implementation cost coupled with a high maintenance cost. In the case of cloud, cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration. In addition, the pricing model of cloud-based payroll software is based on the pay-per-use model, where customers pay according to their use of the services, as opposed to a traditional on-site model that requires a one-time substantial capital investment and ongoing operational costs.
This report aims to provide a comprehensive presentation of the global market for Cloud-based Payroll Software, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Cloud-based Payroll Software by region & country, by Type, and by Application.
The Cloud-based Payroll Software market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cloud-based Payroll Software.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Cloud-based Payroll Software company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Cloud-based Payroll Software in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Cloud-based Payroll Software in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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TABLE OF CONTENTS
1 Market Overview
1.1 Cloud-based Payroll Software Product Introduction
1.2 Global Cloud-based Payroll Software Market Size Forecast (2020-2031)
1.3 Cloud-based Payroll Software Market Trends & Drivers
1.3.1 Cloud-based Payroll Software Industry Trends
1.3.2 Cloud-based Payroll Software Market Drivers & Opportunity
1.3.3 Cloud-based Payroll Software Market Challenges
1.3.4 Cloud-based Payroll Software Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Cloud-based Payroll Software Players Revenue Ranking (2024)
2.2 Global Cloud-based Payroll Software Revenue by Company (2020-2025)
2.3 Key Companies Cloud-based Payroll Software Manufacturing Base Distribution and Headquarters
2.4 Key Companies Cloud-based Payroll Software Product Offered
2.5 Key Companies Time to Begin Mass Production of Cloud-based Payroll Software
2.6 Cloud-based Payroll Software Market Competitive Analysis
2.6.1 Cloud-based Payroll Software Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Cloud-based Payroll Software Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cloud-based Payroll Software as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Business Software
3.1.2 Cloud ERP Software
3.1.3 Services Automation
3.2 Global Cloud-based Payroll Software Sales Value by Type
3.2.1 Global Cloud-based Payroll Software Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Cloud-based Payroll Software Sales Value, by Type (2020-2031)
3.2.3 Global Cloud-based Payroll Software Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 SMEs
4.1.2 Large Enterprises
4.2 Global Cloud-based Payroll Software Sales Value by Application
4.2.1 Global Cloud-based Payroll Software Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Cloud-based Payroll Software Sales Value, by Application (2020-2031)
4.2.3 Global Cloud-based Payroll Software Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Cloud-based Payroll Software Sales Value by Region
5.1.1 Global Cloud-based Payroll Software Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Cloud-based Payroll Software Sales Value by Region (2020-2025)
5.1.3 Global Cloud-based Payroll Software Sales Value by Region (2026-2031)
5.1.4 Global Cloud-based Payroll Software Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Cloud-based Payroll Software Sales Value, 2020-2031
5.2.2 North America Cloud-based Payroll Software Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Cloud-based Payroll Software Sales Value, 2020-2031
5.3.2 Europe Cloud-based Payroll Software Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Cloud-based Payroll Software Sales Value, 2020-2031
5.4.2 Asia Pacific Cloud-based Payroll Software Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Cloud-based Payroll Software Sales Value, 2020-2031
5.5.2 South America Cloud-based Payroll Software Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Cloud-based Payroll Software Sales Value, 2020-2031
5.6.2 Middle East & Africa Cloud-based Payroll Software Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Cloud-based Payroll Software Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Cloud-based Payroll Software Sales Value, 2020-2031
6.3 United States
6.3.1 United States Cloud-based Payroll Software Sales Value, 2020-2031
6.3.2 United States Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Cloud-based Payroll Software Sales Value, 2020-2031
6.4.2 Europe Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Cloud-based Payroll Software Sales Value, 2020-2031
6.5.2 China Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.5.3 China Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Cloud-based Payroll Software Sales Value, 2020-2031
6.6.2 Japan Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Cloud-based Payroll Software Sales Value, 2020-2031
6.7.2 South Korea Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Cloud-based Payroll Software Sales Value, 2020-2031
6.8.2 Southeast Asia Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Cloud-based Payroll Software Sales Value, 2020-2031
6.9.2 India Cloud-based Payroll Software Sales Value by Type (%), 2024 VS 2031
6.9.3 India Cloud-based Payroll Software Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ADP
7.1.1 ADP Profile
7.1.2 ADP Main Business
7.1.3 ADP Cloud-based Payroll Software Products, Services and Solutions
7.1.4 ADP Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.1.5 ADP Recent Developments
7.2 CoreHR
7.2.1 CoreHR Profile
7.2.2 CoreHR Main Business
7.2.3 CoreHR Cloud-based Payroll Software Products, Services and Solutions
7.2.4 CoreHR Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.2.5 CoreHR Recent Developments
7.3 Oracle
7.3.1 Oracle Profile
7.3.2 Oracle Main Business
7.3.3 Oracle Cloud-based Payroll Software Products, Services and Solutions
7.3.4 Oracle Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.3.5 Oracle Recent Developments
7.4 Paychex
7.4.1 Paychex Profile
7.4.2 Paychex Main Business
7.4.3 Paychex Cloud-based Payroll Software Products, Services and Solutions
7.4.4 Paychex Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.4.5 Paychex Recent Developments
7.5 SAP Success Factors
7.5.1 SAP Success Factors Profile
7.5.2 SAP Success Factors Main Business
7.5.3 SAP Success Factors Cloud-based Payroll Software Products, Services and Solutions
7.5.4 SAP Success Factors Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.5.5 SAP Success Factors Recent Developments
7.6 Ultimate Software
7.6.1 Ultimate Software Profile
7.6.2 Ultimate Software Main Business
7.6.3 Ultimate Software Cloud-based Payroll Software Products, Services and Solutions
7.6.4 Ultimate Software Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.6.5 Ultimate Software Recent Developments
7.7 Workday
7.7.1 Workday Profile
7.7.2 Workday Main Business
7.7.3 Workday Cloud-based Payroll Software Products, Services and Solutions
7.7.4 Workday Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.7.5 Workday Recent Developments
7.8 Aditro
7.8.1 Aditro Profile
7.8.2 Aditro Main Business
7.8.3 Aditro Cloud-based Payroll Software Products, Services and Solutions
7.8.4 Aditro Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.8.5 Aditro Recent Developments
7.9 Advanced
7.9.1 Advanced Profile
7.9.2 Advanced Main Business
7.9.3 Advanced Cloud-based Payroll Software Products, Services and Solutions
7.9.4 Advanced Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.9.5 Advanced Recent Developments
7.10 Affinity
7.10.1 Affinity Profile
7.10.2 Affinity Main Business
7.10.3 Affinity Cloud-based Payroll Software Products, Services and Solutions
7.10.4 Affinity Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.10.5 Affinity Recent Developments
7.11 Ascentis
7.11.1 Ascentis Profile
7.11.2 Ascentis Main Business
7.11.3 Ascentis Cloud-based Payroll Software Products, Services and Solutions
7.11.4 Ascentis Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.11.5 Ascentis Recent Developments
7.12 BenefitMall
7.12.1 BenefitMall Profile
7.12.2 BenefitMall Main Business
7.12.3 BenefitMall Cloud-based Payroll Software Products, Services and Solutions
7.12.4 BenefitMall Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.12.5 BenefitMall Recent Developments
7.13 beqom
7.13.1 beqom Profile
7.13.2 beqom Main Business
7.13.3 beqom Cloud-based Payroll Software Products, Services and Solutions
7.13.4 beqom Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.13.5 beqom Recent Developments
7.14 Ceridian HCM
7.14.1 Ceridian HCM Profile
7.14.2 Ceridian HCM Main Business
7.14.3 Ceridian HCM Cloud-based Payroll Software Products, Services and Solutions
7.14.4 Ceridian HCM Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.14.5 Ceridian HCM Recent Developments
7.15 CloudPay
7.15.1 CloudPay Profile
7.15.2 CloudPay Main Business
7.15.3 CloudPay Cloud-based Payroll Software Products, Services and Solutions
7.15.4 CloudPay Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.15.5 CloudPay Recent Developments
7.16 Datacom
7.16.1 Datacom Profile
7.16.2 Datacom Main Business
7.16.3 Datacom Cloud-based Payroll Software Products, Services and Solutions
7.16.4 Datacom Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.16.5 Datacom Recent Developments
7.17 Execupay
7.17.1 Execupay Profile
7.17.2 Execupay Main Business
7.17.3 Execupay Cloud-based Payroll Software Products, Services and Solutions
7.17.4 Execupay Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.17.5 Execupay Recent Developments
7.18 Gusto
7.18.1 Gusto Profile
7.18.2 Gusto Main Business
7.18.3 Gusto Cloud-based Payroll Software Products, Services and Solutions
7.18.4 Gusto Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.18.5 Gusto Recent Developments
7.19 iAdmin
7.19.1 iAdmin Profile
7.19.2 iAdmin Main Business
7.19.3 iAdmin Cloud-based Payroll Software Products, Services and Solutions
7.19.4 iAdmin Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.19.5 iAdmin Recent Developments
7.20 IRIS Software
7.20.1 IRIS Software Profile
7.20.2 IRIS Software Main Business
7.20.3 IRIS Software Cloud-based Payroll Software Products, Services and Solutions
7.20.4 IRIS Software Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.20.5 IRIS Software Recent Developments
7.21 Paycom
7.21.1 Paycom Profile
7.21.2 Paycom Main Business
7.21.3 Paycom Cloud-based Payroll Software Products, Services and Solutions
7.21.4 Paycom Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.21.5 Paycom Recent Developments
7.22 Payroo
7.22.1 Payroo Profile
7.22.2 Payroo Main Business
7.22.3 Payroo Cloud-based Payroll Software Products, Services and Solutions
7.22.4 Payroo Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.22.5 Payroo Recent Developments
7.23 Sage (UK)
7.23.1 Sage (UK) Profile
7.23.2 Sage (UK) Main Business
7.23.3 Sage (UK) Cloud-based Payroll Software Products, Services and Solutions
7.23.4 Sage (UK) Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.23.5 Sage (UK) Recent Developments
7.24 SmartPayroll Australia
7.24.1 SmartPayroll Australia Profile
7.24.2 SmartPayroll Australia Main Business
7.24.3 SmartPayroll Australia Cloud-based Payroll Software Products, Services and Solutions
7.24.4 SmartPayroll Australia Cloud-based Payroll Software Revenue (US$ Million) & (2020-2025)
7.24.5 SmartPayroll Australia Recent Developments
8 Industry Chain Analysis
8.1 Cloud-based Payroll Software Industrial Chain
8.2 Cloud-based Payroll Software Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Cloud-based Payroll Software Sales Model
8.5.2 Sales Channel
8.5.3 Cloud-based Payroll Software Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
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
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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