HR Payroll Software Market is Anticipated to Register a Significant CAGR over a Forecast Period 2018-2025

Press Release

Kenneth Research has published a detailed report on ‘Global HR Payroll Software Market’ which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2018-2025.

Global HR Payroll Software Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The HR Payroll Software Market is continuously growing on surging trend in global scenario over the coming years. Major driving factors of global HR Payroll Software market is growing adoption of cloud based payroll software due to its advantages over traditional payroll methods. These platforms enable organizations to access data and services through web browser without installing application software. Short implementation time and flexibility in deployment are the inherent features which makes HR payroll software highly demanded software in the market. Cloud based software allows ability to access from anywhere with reduced implementation cost and improved return on investment.

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In addition, need for integrated efficient management system also drives the demand of for HR payroll software and services. One of the critical features restraining the global HR payroll software market is security concern, nevertheless, these issues are being addressed gradually through security tests by third party involvement. HR Payroll Software offers various benefits such as automation and HR efficiency, improve communication, reduce business cost, improved track of employee data, improved decision making and better risk management. Talent management is one of the significant changing trends of global HR payroll software market.

The major market player included in this report are:

Kronos (U.S.), Sage (U.S.), Ascentis (California), Successfactors (U.S.), Pay Focus (U.S.), Bamboohr (U.S.), Kenexa (U.S.), Ultipro (U.S.), Vibe Hcm (U.S.), Patriot Payroll (U.S.), Epicore (U.S.) and others.

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016

Base year – 2017

Forecast period – 2018 to 2025


Target Audience of the Global HR Payroll Software Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

The regional analysis of global HR Payroll Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to presence of major players in the region. Europe is also estimating to project a major growth in the global HR Payroll Software market owing to growing awareness of benefits of adoption of HR payroll software among enterprises. Asia-Pacific is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2018-2025 owing to rising number of enterprises during the forecast period.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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