市場調查報告書
商品編碼
1520520
2024-2032 年基於雲端的薪資軟體市場報告(按組件、組織規模(大型企業、中小企業)、垂直行業和地區)Cloud-Based Payroll Software Market Report by Component, Organization Size (Large Enterprises, Small and Medium-sized Enterprises ), Industry Vertical, and Region 2024-2032 |
IMARC Group年,全球基於雲端的薪資軟體市場規模達到93億美元。資料外洩的威脅日益嚴重、對高效、準確的薪資處理的需求不斷成長、確保組織之間監管合規的需求激增以及持續的技術創新是推動市場發展的一些關鍵因素。
基於雲端的薪資軟體是一種現代解決方案,旨在管理、組織和自動化公司員工的薪資支付流程。該軟體託管在由軟體供應商營運的遠端伺服器上,確保可以透過網路連接從任何地方存取資料。與需要內部管理和不斷更新的傳統薪資系統不同,基於雲端的薪資軟體提供了靈活性和可擴展性。它提供工資、預扣稅和扣除額的自動計算,節省時間並減少人為錯誤的可能性。它還有助於遵守地方、州和聯邦法律,協助產生必要的報告和表格。它通常具有方便用戶使用的介面,並與人力資源和會計等其他業務系統整合,以確保無縫的資料流。此外,即時更新允許及時有效地解決工資單查詢和變更。因此,基於雲端的薪資軟體作為一種全面、安全且可擴展的解決方案獲得了巨大的吸引力,可提高薪資管理效率並使企業能夠更加專注於其核心營運。
基於雲端的薪資軟體採用強大的安全措施,例如加密和多因素身份驗證,以促進敏感員工資訊的安全儲存。因此,全球範圍內日益嚴重的資料外洩威脅是推動市場成長的關鍵因素之一。此外,對高效、準確的薪資處理的需求不斷成長,加上雲端技術的大量採用,導致企業向基於雲端的薪資系統的重大轉變。同時,在冠狀病毒(COVID-19) 大流行突然爆發的情況下,遠端工作的增加需要更靈活、更易於存取的薪資管理解決方案,這增加了對基於雲端的軟體的需求,因為它可以輕鬆存取和操作來自任何地方。此外,由於其成本效益和可擴展性,組織(尤其是中小型企業)對產品的使用不斷增加,從而加快了產品的採用率。除此之外,確保組織之間監管合規性的日益成長的需求正在促進市場成長,因為基於雲端的薪資軟體可以有效地應對複雜且不斷變化的薪資稅法律和法規。此外,領先的參與者正在將薪資軟體與其他業務應用程式整合,例如人力資源管理系統(HRMS)、企業資源規劃(ERP)和會計軟體,以實現系統之間的無縫資料流,提高效率並最大限度地減少成本。為此,將人工智慧(AI)和機器學習(ML)融入基於雲端的薪資軟體中,使系統更加智慧和自動化,使其能夠預測趨勢、檢測異常並提出建議,同時簡化薪資過程推動了市場的成長。其他因素,包括工業 4.0 的出現、人們對自動化好處的認知不斷增強、對手動流程依賴的減少、行動訪問需求的不斷增加、快速數位化以及持續的技術進步,也正在創造積極的市場前景。
The global cloud-based payroll software market size reached US$ 9.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.53% during 2024-2032. The increasing threat of data breaches, rising demand for efficient and accurate payroll processing, the surging need to ensure regulatory compliance among organizations, and continual technological innovations represent some of the key factors driving the market.
Cloud-based payroll software is a contemporary solution designed to manage, organize, and automate the process of paying the salaries of a company's employees. This software is hosted on remote servers operated by the software provider, ensuring the data is accessible from anywhere with an internet connection. Unlike traditional payroll systems that require in-house management and constant updates, cloud-based payroll software offers flexibility and scalability. It provides automated calculations of salaries, tax withholdings, and deductions, saving time and reducing the potential for human error. It also facilitates compliance with local, state, and federal laws, assisting in generating necessary reports and forms. It usually features user-friendly interfaces and integrates with other business systems, such as human resources and accounting, to ensure seamless data flow. Additionally, real-time updates allow payroll queries and changes to be addressed promptly and effectively. As a result, cloud-based payroll software has gained immense traction as a comprehensive, secure, and scalable solution for improving payroll management efficiency and enabling businesses to focus more on their core operations.
Cloud-based payroll software employs robust security measures, such as encryption and multi-factor authentication, to facilitate the secure storage of sensitive employee information. Consequently, the increasing threat of data breaches across the globe represents one of the key factors driving market growth. Moreover, the rising need for efficient and accurate payroll processing, coupled with the surging adoption of cloud technologies, has led to a significant shift toward cloud-based payroll systems among businesses. Along with this, amid the sudden outbreak of the coronavirus (COVID-19) pandemic, a rise in remote work that necessitates more flexible and accessible solutions for managing payroll has augmented the demand for cloud-based software as it can be easily accessed and operated from anywhere. Additionally, the increasing product utilization by organizations, especially small and medium-sized businesses, owing to its cost-effectiveness and scalability, has accelerated the product adoption rate. Besides this, the surging need to ensure regulatory compliance among organizations is contributing to market growth as cloud-based payroll software can effectively navigate complex and ever-changing payroll tax laws and regulations. Furthermore, the leading players are integrating payroll software with other business applications, such as human resource management systems (HRMS), enterprise resource planning (ERP), and accounting software, to enable a seamless data flow between systems, boost efficiency, and minimize the chances of errors. In line with this, the incorporation of artificial intelligence (AI) and machine learning (ML) into cloud-based payroll software to make the systems more intelligent and automated, allowing them to predict trends, detect anomalies, and make suggestions while streamlining the payroll process has propelled the market growth. Other factors, including the advent of Industry 4.0, growing awareness about the benefits of automation and reduced reliance on manual processes, escalating demand for mobile access, rapid digitization, and continual technological advancements, are also creating a positive market outlook.
IMARC Group provides an analysis of the key trends in each segment of the global cloud-based payroll software market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, organization size, and industry vertical.
Software
Services
The report has provided a detailed breakup and analysis of the cloud-based payroll software market based on the component. This includes software and services. According to the report, software represented the largest segment.
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
A detailed breakup and analysis of the cloud-based payroll software market based on the organization size has also been provided in the report. This includes large enterprises and small and medium-sized enterprises (SMEs). According to the report, large enterprises accounted for the largest market share.
BFSI
Manufacturing
Telecom and IT
Healthcare
Retail
Hospitality
Others
The report has provided a detailed breakup and analysis of the cloud-based payroll software market based on the industry vertical. This includes BFSI, manufacturing, telecom and IT, healthcare, retail, hospitality, and others. According to the report, BFSI represented the largest segment.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for cloud-based payroll software. Some of the factors driving the North America cloud-based payroll software market included the increasing adoption of app-based payroll software, rising penetration of cloud-based technologies, rapid digitization across end use sectors, technological advancements, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global cloud-based payroll software market. Detailed profiles of all major companies have been provided. Some of the companies covered include Automatic Data Processing Inc., Ceridian Hcm Holding Inc., Elmo Software Limited, Oracle Corporation, SAP SE, The Sage Group Plc, Ukg Inc., Xero Limited, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.