Global Payroll and HR Software Market Synopsis:
The report covers a forecast and an analysis of the Payroll and HR Software Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Payroll and HR Software Market along with the impact they have on the demand over the forecast period.
Major key factors driving the growth of the Global Payroll and HR Software Market are increase of the cloud and mobile deployment, and growth in automation in HR processes and used by various industry verticals, such as government, manufacturing, energy and utilities, consumer goods and retail, healthcare, transportation and logistics, telecom and Information Technology (IT), Banking, Financial Services, and Insurance (BFSI), and others, including hospitality, education, and media & entertainment.
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In terms of the regional analysis, North America is expected to have the largest market share and dominate the market from 2019 to 2025, because of adoption of new technologies, such as adoption of smartphones and cloud platforms. The startups and emerging players in the region offer differentiated, customized, and flexible products to meet the need of HR professionals.
This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Payroll and HR Software Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.
Global Key Players:
1 Sage
2 SAP
3 Oracle (NetSuite)
4 Automatic Data Processing
5 Paychex
6 Microsoft
7 Intuit
8 Workday
9 IBM Corporation
10 Infor
11 Kronos
12 Yonyou
13 Epicor
14 Unit4
15 Xero and More…………………..
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Product Type Segmentation
1 On-premise
2 Cloud-based
Industry Segmentation
1 Small Business (SSB)
2 Small and Midsize Business (SMB)
3 Large Enterprise
On the basis of Regional analysis, North America and Europe holds major share in global Payroll and HR Software market. Moreover, Asia-Pacific is expected to record higher growth rate in Payroll and HR Software Market during the forecast year.
International Technology Industry News:
Microsoft (May 27, 2020) – Microsoft, Workday announce strategic partnership to accelerate planning for today’s world – Microsoft Corp. and Workday, Inc. today announced a strategic partnership prioritizing enterprise planning in the cloud and expanding the business solutions customers can use to better optimize their everyday work. Through this partnership, Workday customers will also be able to run Workday Adaptive Planning on the Microsoft Azure cloud. Further, Microsoft will adopt Workday Adaptive Planning for its global finance teams for planning, budgeting and forecasting to help accelerate decision-making.
The companies also unveiled new integrations between Workday’s suite of applications and Microsoft Teams and Azure Active Directory that will enable customers to simplify day-to-day tasks, foster collaboration, increase productivity and enhance security.
Planning for what’s next
As businesses adjust and adapt to changing business environments, the need for real-time planning capabilities is accelerating. Making faster, informed decisions across all areas of the business requires a continuous planning process. Workday Adaptive Planning offers customers a modern platform that ties data, people and plans together in one version of truth, accessible in the cloud to finance, HR, sales, functional business leaders, and more. Adding Workday Adaptive Planning to Azure offers increased flexibility as customer demand for cloud-based planning grows.
The addition of Workday Adaptive Planning brings a leading modern planning, analytics and reporting solution at scale to the Azure community. Power users can trust the enterprise security and global availability of Azure to handle robust models, multiple instances and nearly unlimited dimensionality for “slicing and dicing” data in Workday.
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Major Points in Table of Contents:
Global Payroll and HR Software Market Report 2020
1 Payroll and HR Software Product Definition
2 Global Payroll and HR Software Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Payroll and HR Software Shipments
2.2 Global Manufacturer Payroll and HR Software Business Revenue
2.3 Global Payroll and HR Software Market Overview
3 Manufacturer Payroll and HR Software Business Introduction
3.1 Sage Payroll and HR Software Business Introduction
3.2 SAP Payroll and HR Software Business Introduction
3.3 Oracle (NetSuite) Payroll and HR Software Business Introduction
3.4 Automatic Data Processing Payroll and HR Software Business Introduction
3.5 Paychex Payroll and HR Software Business Introduction
3.6 Microsoft Payroll and HR Software Business Introduction
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