Summary

Global HR Payroll Software Market 2022-2026
Technavio has been monitoring the HR payroll software market and it is poised to grow by $ 2.09 bn during 2022-2026, progressing at a CAGR of 8.57% during the forecast period. Our report on the HR payroll software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased HR software budgets and rise in cloud and mobile deployment. In addition, increased HR software budgets is anticipated to boost the growth of the market as well.
The HR payroll software market analysis includes the deployment segment and geographic landscape.
Technavio's HR payroll software market is segmented as below:
By Deployment
• Cloud
• On-premise
By Geographical Landscape
• North America
• Europe
• APAC
• MEA
• South America
This study identifies the increase in automation of HR processesas one of the prime reasons driving the HR payroll software market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on HR payroll software market covers the following areas:
• HR payroll software market sizing
• HR payroll software market forecast
• HR payroll software market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HR payroll software market vendors that include Automatic Data Processing Inc., Ceridian HCM Holding Inc., Oracle Corp., Paycom Software Inc., Paylocity Holding Corp., SAP SE, SumTotal Systems LLC, The Access Group, UKG Inc., and Workday Inc. Also, the HR payroll software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/hr-payroll-software-market-industry-analysis
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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Table of Contents

• Executive Summary
o Market Overview
• Market Landscape
o Market ecosystem
o Value chain analysis
• Market Sizing
o Market definition
o Market segment analysis
o Market size 2021
o Market outlook: Forecast for 2021 - 2026
• Five Forces Analysis
o Bargaining power of buyers
o Bargaining power of suppliers
o Threat of new entrants
o Threat of substitutes
o Threat of rivalry
o Market condition
• Market Segmentation by Deployment
o Market segments
o Comparison by Deployment
o Cloud - Market size and forecast 2021-2026
o On-premise - Market size and forecast 2021-2026
o Market opportunity by Deployment
• Customer landscape
• Geographic Landscape
o Geographic segmentation
o Geographic comparison
o North America - Market size and forecast 2021-2026
o Europe - Market size and forecast 2021-2026
o APAC - Market size and forecast 2021-2026
o MEA - Market size and forecast 2021-2026
o South America - Market size and forecast 2021-2026
o Key leading countries
o Market opportunity By Geographical Landscape
o Market drivers
o Market challenges
o Market trends
• Vendor Landscape
o Vendor landscape
o Landscape disruption
• Vendor Analysis
o Vendors covered
o Market positioning of vendors
o Automatic Data Processing Inc.
o Ceridian HCM Holding Inc.
o Oracle Corp.
o Paycom Software Inc.
o Paylocity Holding Corp.
o SAP SE
o SumTotal Systems LLC
o The Access Group
o UKG Inc.
o Workday Inc.
• Appendix
o Scope of the report
o Currency conversion rates for US$
o Research methodology
o List of abbreviations

Exhibits
• 1: Key Finding 1
• 2: Key Finding 2
• 3: Key Finding 3
• 4: Key Finding 5
• 5: Key Finding 6
• 6: Key Finding 7
• 7: Key Finding 8
• 8: Parent market
• 9: Market characteristics
• 10: Offerings of vendors included in the market definition
• 11: Market segments
• 12: Global - Market size and forecast 2021 - 2026 ($ million)
• 13: Global market: Year-over-year growth 2021 - 2026 (%)
• 14: Five forces analysis 2021 & 2026
• 15: Bargaining power of buyers
• 16: Bargaining power of suppliers
• 17: Threat of new entrants
• 18: Threat of substitutes
• 19: Threat of rivalry
• 20: Market condition - Five forces 2021
• 21: Deployment - Market share 2021-2026 (%)
• 22: Comparison by Deployment
• 23: Cloud - Market size and forecast 2021-2026 ($ million)
• 24: Cloud - Year-over-year growth 2021-2026 (%)
• 25: On-premise - Market size and forecast 2021-2026 ($ million)
• 26: On-premise - Year-over-year growth 2021-2026 (%)
• 27: Market opportunity by Deployment
• 28: Customer landscape
• 29: Market share By Geographical Landscape 2021-2026 (%)
• 30: Geographic comparison
• 31: North America - Market size and forecast 2021-2026 ($ million)
• 32: North America - Year-over-year growth 2021-2026 (%)
• 33: Europe - Market size and forecast 2021-2026 ($ million)
• 34: Europe - Year-over-year growth 2021-2026 (%)
• 35: APAC - Market size and forecast 2021-2026 ($ million)
• 36: APAC - Year-over-year growth 2021-2026 (%)
• 37: MEA - Market size and forecast 2021-2026 ($ million)
• 38: MEA - Year-over-year growth 2021-2026 (%)
• 39: South America - Market size and forecast 2021-2026 ($ million)
• 40: South America - Year-over-year growth 2021-2026 (%)
• 41: Key leading countries
• 42: Market opportunity By Geographical Landscape ($ million)
• 43: Impact of drivers and challenges
• 44: Vendor landscape
• 45: Landscape disruption
• 46: Industry risks
• 47: Vendors covered
• 48: Market positioning of vendors
• 49: Automatic Data Processing Inc. - Overview
• 50: Automatic Data Processing Inc. - Business segments
• 51: Automatic Data Processing Inc. - Key offerings
• 52: Automatic Data Processing Inc. - Key customers
• 53: Automatic Data Processing Inc. - Segment focus
• 54: Ceridian HCM Holding Inc. - Overview
• 55: Ceridian HCM Holding Inc. - Business segments
• 56: Ceridian HCM Holding Inc. - Key offerings
• 57: Ceridian HCM Holding Inc. - Key customers
• 58: Ceridian HCM Holding Inc. - Segment focus
• 59: Oracle Corp. - Overview
• 60: Oracle Corp. - Business segments
• 61: Oracle Corp. - Key offerings
• 62: Oracle Corp. - Key customers
• 63: Oracle Corp. - Segment focus
• 64: Paycom Software Inc. - Overview
• 65: Paycom Software Inc. - Product and service
• 66: Paycom Software Inc. - Key offerings
• 67: Paycom Software Inc. - Key customers
• 68: Paycom Software Inc. - Segment focus
• 69: Paylocity Holding Corp. - Overview
• 70: Paylocity Holding Corp. - Product and service
• 71: Paylocity Holding Corp. - Key offerings
• 72: Paylocity Holding Corp. - Key customers
• 73: Paylocity Holding Corp. - Segment focus
• 74: SAP SE - Overview
• 75: SAP SE - Business segments
• 76: SAP SE - Key offerings
• 77: SAP SE - Key customers
• 78: SAP SE - Segment focus
• 79: SumTotal Systems LLC - Overview
• 80: SumTotal Systems LLC - Product and service
• 81: SumTotal Systems LLC - Key offerings
• 82: SumTotal Systems LLC - Key customers
• 83: SumTotal Systems LLC - Segment focus
• 84: The Access Group - Overview
• 85: The Access Group - Product and service
• 86: The Access Group - Key offerings
• 87: The Access Group - Key customers
• 88: The Access Group - Segment focus
• 89: UKG Inc. - Overview
• 90: UKG Inc. - Product and service
• 91: UKG Inc. - Key offerings
• 92: UKG Inc. - Key customers
• 93: UKG Inc. - Segment focus
• 94: Workday Inc. - Overview
• 95: Workday Inc. - Business segments
• 96: Workday Inc. - Key offerings
• 97: Workday Inc. - Key customers
• 98: Workday Inc. - Segment focus
• 99: Currency conversion rates for US$
• 100: Research Methodology
• 101: Validation techniques employed for market sizing
• 102: Information sources
• 103: List of abbreviations