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1586639

人力資源薪資軟體市場 - 全球產業規模、佔有率、趨勢、機會和預測，細分、按組件、按部署模式、按組織規模、按行業垂直、按地區、按競爭，2019-2029F

HR Payroll Software Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Component, By Deployment Mode, By Organization size, By Industry Vertical, By Region, By Competition, 2019-2029F

出版日期: 2024年11月08日 | 出版商:

TechSci Research | 英文 182 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

2023年全球人力資源薪資軟體市場價值為82.1億美元，預計2029年將達到177.6億美元，預測期內複合年成長率為13.55%。人力資源薪資軟體市場包含廣泛的數位解決方案，旨在簡化和自動化組織內的薪資流程，從而有效管理員工薪資、福利以及遵守勞動法和稅務法規。該市場服務於零售、醫療保健、金融和科技等不同行業的各種類型的企業，從中小型企業到大型企業。人力資源薪資軟體的核心提供薪資處理、稅務運算、薪資管理和薪資產生等功能，這對於確保準確、及時向員工支付薪資至關重要。此外，這些軟體解決方案通常與其他人力資源管理系統 (HRMS) 整合，提供涵蓋招聘、績效管理、時間和出勤追蹤以及員工自助服務入口網站的模組。薪資系統與 HRMS 的整合使組織能夠集中其勞動力管理流程、提高資料準確性並減輕管理負擔。基於雲端的薪資解決方案的日益普及極大地改變了人力資源薪資軟體格局，使組織能夠遠端存取其系統，確保資料安全，並從自動更新和可擴展性中受益。這種向雲端運算的轉變是由對靈活性、成本效益和即時資料可存取性的需求所驅動的。此外，業務營運的持續數位化以及薪資管理中資料分析需求的不斷成長正在推動人力資源薪資軟體市場的成長。

市場概況
預測期	2025-2029
2023 年市場規模	82.1億美元
2029 年市場規模	177.6億美元
2024-2029 年複合年成長率	13.55%
成長最快的細分市場	服務
最大的市場	北美洲

主要市場促進因素

人力資源流程自動化的需求不斷增加

監管合規性和資料安全

不斷成長的勞動力多元化和全球化

主要市場挑戰

與現有系統整合

合規性和監管變化

主要市場趨勢

強調員工體驗與敬業度

監管合規性和資料安全

細分市場洞察

組件洞察

區域洞察

Global HR Payroll Software Market was valued at USD 8.21 billion in 2023 and is expected to reach USD 17.76 billion by 2029 with a CAGR of 13.55% during the forecast period. The HR Payroll Software Market encompasses a wide range of digital solutions designed to streamline and automate the payroll processes within organizations, enabling efficient management of employee compensation, benefits, and compliance with labor laws and tax regulations. This market serves various types of enterprises, from small and medium-sized businesses to large corporations, across diverse industries, including retail, healthcare, finance, and technology. At its core, HR payroll software provides functionalities such as payroll processing, tax calculations, wage management, and the generation of paychecks, which are crucial for ensuring accurate and timely payment to employees. Additionally, these software solutions often integrate with other human resource management systems (HRMS), offering modules that encompass recruitment, performance management, time and attendance tracking, and employee self-service portals. The integration of payroll systems with HRMS allows organizations to centralize their workforce management processes, enhance data accuracy, and reduce administrative burdens. The increasing adoption of cloud-based payroll solutions has significantly transformed the HR payroll software landscape, enabling organizations to access their systems remotely, ensure data security, and benefit from automatic updates and scalability. This shift towards cloud computing is driven by the need for flexibility, cost-effectiveness, and real-time data accessibility. Moreover, the ongoing digitization of business operations and the rising demand for data analytics in payroll management are propelling the growth of the HR payroll software market.

Market Overview
Forecast Period	2025-2029
Market Size 2023	USD 8.21 Billion
Market Size 2029	USD 17.76 Billion
CAGR 2024-2029	13.55%
Fastest Growing Segment	Services
Largest Market	North America

Key Market Drivers

Increasing Demand for Automation in HR Processes

The Global HR Payroll Software Market is significantly driven by the growing demand for automation in human resource processes. As organizations increasingly seek to enhance operational efficiency, reduce errors, and save time, the adoption of automated payroll systems has become essential. Traditional payroll processes are often labor-intensive, prone to human error, and time-consuming. In contrast, automated payroll solutions streamline these processes by automating calculations, tax deductions, and compliance reporting, enabling HR departments to focus on strategic initiatives rather than routine tasks. The ability to generate accurate payroll reports and ensure compliance with ever-changing labor laws and tax regulations further emphasizes the need for sophisticated payroll systems. Companies are also recognizing the importance of data analytics provided by these software solutions, allowing them to make informed decisions based on employee compensation trends and workforce analytics. Moreover, with the rise of remote work and distributed teams, HR payroll software facilitates efficient management of payroll across different geographical locations, ensuring that employees are paid accurately and on time, regardless of where they are based. As organizations continue to prioritize digital transformation, the demand for advanced HR payroll software that can integrate seamlessly with existing HR systems and provide real-time insights is expected to rise, propelling market growth.

Regulatory Compliance and Data Security

Another critical driver for the Global HR Payroll Software Market is the increasing emphasis on regulatory compliance and data security. As labor laws and regulations become more complex, organizations must ensure that their payroll practices adhere to these requirements to avoid potential legal repercussions. Automated payroll solutions help organizations stay compliant by automatically updating systems with the latest tax rates, labor laws, and compliance mandates. This reduces the risk of penalties associated with inaccurate payroll processing and ensures that employees receive their rightful compensation. Additionally, the growing concern around data privacy and security is prompting organizations to adopt payroll software that includes robust security features. With sensitive employee data, including social security numbers, bank details, and tax information, being processed and stored, companies are investing in solutions that offer advanced encryption, secure access controls, and compliance with data protection regulations such as GDPR. By leveraging these secure HR payroll systems, organizations not only protect their sensitive information but also build trust with employees regarding the handling of their personal data. The convergence of compliance requirements and the need for data security will continue to drive investments in advanced HR payroll software solutions, as companies seek to mitigate risks and maintain operational integrity.

Growing Workforce Diversity and Globalization

The growing diversity of the workforce and the trend toward globalization are significant drivers of the Global HR Payroll Software Market. As businesses expand their operations across borders, they encounter diverse employee demographics, compensation structures, and regulatory environments. HR payroll software is essential for managing this complexity, enabling organizations to handle multiple currencies, tax regimes, and compliance requirements effectively. Advanced payroll solutions offer features such as multi-currency support and localization capabilities, allowing companies to manage payroll for international employees seamlessly. Furthermore, the shift toward a more diverse workforce means that organizations must be equipped to address varied employee needs, including different benefits and compensation packages. Payroll software enables organizations to customize compensation structures and benefits offerings, catering to the unique requirements of a diverse employee base. Additionally, as companies adopt flexible work arrangements, such as gig and contract work, payroll systems must adapt to accommodate different payment structures, including hourly rates, project-based payments, and commission-based compensations. This flexibility in payroll processing is crucial for attracting and retaining top talent in an increasingly competitive labor market. As the workforce continues to evolve and become more globalized, the demand for comprehensive and adaptable HR payroll software solutions will grow, driving innovation and market expansion.

Key Market Challenges

Integration with Existing Systems

One of the significant challenges facing the Global HR Payroll Software Market is the integration of new software solutions with existing systems and processes within organizations. Many companies operate on legacy systems that may not be compatible with modern payroll software, leading to potential data silos and inefficiencies. The integration process often requires substantial time, resources, and technical expertise, making it a daunting task for HR departments that may already be stretched thin. Additionally, organizations may utilize a variety of systems for different HR functions-such as talent management, performance tracking, and timekeeping-that need to work seamlessly with the payroll software. Ensuring compatibility and data consistency across these platforms can be complicated, as discrepancies can lead to payroll errors, compliance issues, and employee dissatisfaction. Furthermore, the need for customization during the integration phase can increase costs and extend timelines, causing frustration among stakeholders. These challenges can deter organizations from adopting new payroll solutions, leading to missed opportunities for improved efficiency, automation, and analytics. As companies increasingly prioritize digital transformation, the ability to integrate payroll software with other HR systems effectively will be critical for providers to gain market traction. Thus, vendors must focus on creating solutions that offer robust integration capabilities and user-friendly interfaces to minimize disruption during implementation.

Compliance and Regulatory Changes

Another significant challenge in the Global HR Payroll Software Market is the need to keep pace with constantly changing compliance regulations and labor laws. As governments regularly update tax codes, employment laws, and data protection regulations, payroll software must be continuously updated to ensure compliance. Failure to adhere to these regulations can result in hefty fines, legal consequences, and reputational damage for organizations. For HR departments, staying informed about these changes can be time-consuming and complex, particularly for organizations that operate across multiple jurisdictions with varying regulations. This complexity is exacerbated by the fact that payroll regulations can differ not only by country but also by state or region, requiring tailored solutions that account for local compliance nuances. Consequently, HR payroll software vendors face immense pressure to maintain compliance while providing seamless software updates to their clients. Moreover, organizations often lack the resources to dedicate to compliance training for their employees, which can lead to errors in payroll processing and reporting. As such, vendors must not only ensure that their solutions are compliant but also offer comprehensive support and guidance to help clients navigate these regulations effectively. This challenge underscores the importance of investing in ongoing training and education for HR professionals to better understand the implications of regulatory changes and how they can leverage payroll software to maintain compliance. The ability of payroll software providers to anticipate regulatory changes and adapt their solutions accordingly will be crucial for long-term success in this competitive market.

Key Market Trends

Emphasis on Employee Experience and Engagement

Another significant trend in the Global HR Payroll Software Market is the increasing emphasis on enhancing employee experience and engagement. As organizations recognize that engaged employees are more productive and contribute positively to company culture, HR payroll software is evolving to support this goal. Modern payroll solutions are incorporating features that prioritize the employee experience, such as self-service portals, real-time pay access, and personalized communication. Self-service functionalities empower employees to manage their payroll information, access payslips, and update personal details without needing HR intervention. This not only enhances efficiency but also fosters a sense of autonomy and engagement among employees. Additionally, real-time pay access allows employees to receive their earnings more quickly, addressing financial stress and improving overall satisfaction. The integration of payroll software with employee engagement tools, such as recognition platforms and performance management systems, further enriches the employee experience by aligning payroll processes with broader HR initiatives. Companies are increasingly investing in technology that not only simplifies payroll but also reinforces their commitment to employee well-being and satisfaction. As the focus on employee experience continues to grow, HR payroll software will play a crucial role in creating a more engaged and motivated workforce.

Regulatory Compliance and Data Security

The Global HR Payroll Software Market is also influenced by the growing importance of regulatory compliance and data security. With the increasing complexity of labor laws and regulations across various jurisdictions, organizations must ensure that their payroll processes comply with local, state, and federal requirements. This trend has led to a surge in demand for payroll software that incorporates built-in compliance features, such as automatic tax calculations, labor law updates, and reporting capabilities. Payroll software solutions are being designed to help organizations navigate the intricate landscape of payroll compliance, minimizing the risk of penalties and legal issues. Moreover, as businesses handle sensitive employee data, concerns regarding data security and privacy have escalated. Organizations are prioritizing payroll systems that provide robust security measures, such as encryption, multi-factor authentication, and regular security audits. Cloud-based payroll solutions are particularly well-positioned to address these security concerns, as reputable providers implement advanced security protocols to protect sensitive data. Furthermore, the General Data Protection Regulation (GDPR) and similar regulations worldwide are driving organizations to adopt payroll software that ensures data protection and privacy compliance. As companies increasingly prioritize regulatory adherence and data security, the demand for reliable and secure HR payroll software will continue to rise, shaping the future of payroll management in organizations.

Segmental Insights

Component Insights

The Software segment held the largest Market share in 2023. The HR Payroll Software Market in the Software segment is driven by several key factors that collectively enhance its adoption across organizations of all sizes. Firstly, the increasing complexity of payroll regulations and compliance requirements is prompting companies to seek robust solutions that can automate payroll processes and minimize errors. Organizations are facing a growing number of local, state, and federal regulations that require timely and accurate payroll processing, making it essential for HR departments to invest in software that can streamline these tasks. The rising emphasis on data security and privacy is encouraging businesses to transition from manual payroll systems to digital solutions, as cloud-based HR payroll software often includes advanced security features that protect sensitive employee data. The globalization of businesses is leading to more diverse workforces, which necessitates the need for payroll systems that can handle multi-currency transactions, accommodate varying tax laws, and support compliance with international regulations. This globalization trend not only expands the market for HR payroll software but also increases its complexity, creating demand for solutions that can efficiently manage these challenges. The ongoing digital transformation across industries is a significant driver of the HR payroll software market. Organizations are increasingly adopting digital tools to enhance operational efficiency and improve employee experience. HR payroll software is integral to this transformation, as it enables real-time access to payroll data, facilitates self-service capabilities for employees, and enhances overall HR management processes. The growing focus on employee engagement and satisfaction is also a pivotal driver, as modern HR payroll software often includes features that enhance the employee experience, such as mobile access, transparency in pay structures, and integration with benefits management systems.

The rise of remote work, particularly accelerated by the COVID-19 pandemic, has further underscored the need for flexible and scalable payroll solutions. Companies are recognizing the necessity of implementing systems that can support remote and hybrid work environments, ensuring that payroll is processed efficiently regardless of employees' locations. Furthermore, the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies within HR payroll software is transforming how payroll is managed. These technologies enable predictive analytics, helping organizations forecast payroll expenses, identify potential discrepancies, and optimize overall payroll management. As organizations seek to leverage these advanced technologies to gain competitive advantages, the demand for sophisticated HR payroll solutions is expected to rise. Lastly, the growing trend of integrating HR payroll software with other enterprise resource planning (ERP) systems and human resource management systems (HRMS) is creating synergies that drive market growth. This integration enables a seamless flow of information across various business functions, facilitating better decision-making and enhancing organizational efficiency. In conclusion, the HR Payroll Software Market in the Software segment is experiencing robust growth driven by the increasing complexity of payroll regulations, the need for enhanced data security, globalization of the workforce, digital transformation, focus on employee engagement, the rise of remote work, the adoption of AI and ML technologies, and the trend towards integration with other business systems. These drivers are collectively positioning HR payroll software as a critical tool for organizations striving to streamline operations, enhance compliance, and improve overall workforce management.

Regional Insights

North America region held the largest market share in 2023. The HR Payroll Software Market in North America is experiencing robust growth driven by several key factors that address the evolving needs of businesses and workforce management. One of the primary drivers is the increasing complexity of payroll regulations and compliance requirements, which necessitate automated solutions to ensure accuracy and timeliness. With changing tax laws, labor regulations, and reporting requirements, organizations are turning to advanced HR payroll software to minimize risks associated with manual payroll processing, thereby reducing errors and potential penalties. The growing trend toward digital transformation in human resources is propelling the adoption of cloud-based HR payroll solutions. These solutions offer scalability, flexibility, and accessibility, enabling organizations to manage payroll from any location while ensuring data security and compliance. Additionally, the rise of remote work arrangements and the gig economy has led to a demand for payroll systems that can efficiently handle diverse compensation structures and employment types, accommodating the needs of both full-time employees and independent contractors. This shift is prompting companies to seek integrated payroll solutions that can streamline processes and enhance overall operational efficiency.

Another significant driver is the increasing focus on employee experience and engagement. Organizations are recognizing the importance of providing timely and accurate payroll services as a crucial aspect of employee satisfaction. Modern HR payroll software often includes self-service features, allowing employees to access their pay information, submit time-off requests, and manage personal data easily. This empowerment not only improves employee engagement but also reduces the administrative burden on HR departments, allowing them to focus on strategic initiatives rather than routine payroll tasks. Moreover, the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) into HR payroll software is enhancing its capabilities. These technologies enable predictive analytics, automated reporting, and personalized insights, helping organizations make data-driven decisions related to compensation, benefits, and workforce planning. As companies seek to leverage data for strategic advantage, the demand for sophisticated HR payroll solutions is expected to grow. The competitive landscape in the North American HR payroll software market is driving innovation and product development. Vendors are continuously enhancing their offerings by incorporating features such as mobile access, real-time reporting, and integration with other HR systems, including talent management and benefits administration. This focus on providing comprehensive and user-friendly solutions is attracting organizations looking for a one-stop-shop for their HR and payroll needs.

The post-pandemic landscape has accelerated the need for robust HR payroll systems that can adapt to rapidly changing workforce dynamics. Companies are increasingly looking for solutions that can manage not only payroll but also the complexities associated with health benefits, remote work stipends, and other emerging compensation models. This evolving landscape presents a significant opportunity for HR payroll software providers to capture market share by addressing these new challenges. In summary, the HR Payroll Software Market in North America is driven by regulatory compliance demands, digital transformation trends, the need for enhanced employee experience, the integration of advanced technologies, competitive innovations, and the complexities of the evolving workforce. These factors collectively contribute to a dynamic market environment ripe for growth and innovation.

Key Market Players

Accenture plc
Cezanne HR Limited
IBM Corporation
Oracle Corporation
Zellis Group
Workday Inc.
SAP SE
UKG, Inc.

Report Scope:

In this report, the Global HR Payroll Software Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

HR Payroll Software Market, By Component:

Software
Services

HR Payroll Software Market, By Deployment Mode:

On-Premises
Cloud

HR Payroll Software Market, By Organization size:

Large Enterprises
SMEs

HR Payroll Software Market, By Industry Vertical:

Retail
Manufacturing

HR Payroll Software Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global HR Payroll Software Market.

Available Customizations:

Global HR Payroll Software Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global HR Payroll Software Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Software, Services)
- 5.2.2. By Deployment Mode (On-Premises, Cloud)
- 5.2.3. By Organization size (Large Enterprises, SMEs)
- 5.2.4. By Industry Vertical (Retail, Manufacturing)
- 5.2.5. By Company (2023)
- 5.2.6. Market Map

6. North America HR Payroll Software Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Deployment Mode
- 6.2.3. By Organization size
- 6.2.4. By Industry Vertical
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States HR Payroll Software Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Deployment Mode
    - 6.3.1.2.3. By Organization size
    - 6.3.1.2.4. By Industry Vertical
- 6.3.2. Canada HR Payroll Software Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Deployment Mode
    - 6.3.2.2.3. By Organization size
    - 6.3.2.2.4. By Industry Vertical
- 6.3.3. Mexico HR Payroll Software Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Deployment Mode
    - 6.3.3.2.3. By Organization size
    - 6.3.3.2.4. By Industry Vertical

7. Europe HR Payroll Software Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Deployment Mode
- 7.2.3. By Organization size
- 7.2.4. By Industry Vertical
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany HR Payroll Software Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Deployment Mode
    - 7.3.1.2.3. By Organization size
    - 7.3.1.2.4. By Industry Vertical
- 7.3.2. United Kingdom HR Payroll Software Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Deployment Mode
    - 7.3.2.2.3. By Organization size
    - 7.3.2.2.4. By Industry Vertical
- 7.3.3. Italy HR Payroll Software Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Deployment Mode
    - 7.3.3.2.3. By Organization size
    - 7.3.3.2.4. By Industry Vertical
- 7.3.4. France HR Payroll Software Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Deployment Mode
    - 7.3.4.2.3. By Organization size
    - 7.3.4.2.4. By Industry Vertical
- 7.3.5. Spain HR Payroll Software Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Deployment Mode
    - 7.3.5.2.3. By Organization size
    - 7.3.5.2.4. By Industry Vertical

8. Asia-Pacific HR Payroll Software Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Deployment Mode
- 8.2.3. By Organization size
- 8.2.4. By Industry Vertical
- 8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China HR Payroll Software Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Deployment Mode
    - 8.3.1.2.3. By Organization size
    - 8.3.1.2.4. By Industry Vertical
- 8.3.2. India HR Payroll Software Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Deployment Mode
    - 8.3.2.2.3. By Organization size
    - 8.3.2.2.4. By Industry Vertical
- 8.3.3. Japan HR Payroll Software Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Deployment Mode
    - 8.3.3.2.3. By Organization size
    - 8.3.3.2.4. By Industry Vertical
- 8.3.4. South Korea HR Payroll Software Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Deployment Mode
    - 8.3.4.2.3. By Organization size
    - 8.3.4.2.4. By Industry Vertical
- 8.3.5. Australia HR Payroll Software Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Deployment Mode
    - 8.3.5.2.3. By Organization size
    - 8.3.5.2.4. By Industry Vertical

9. South America HR Payroll Software Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Deployment Mode
- 9.2.3. By Organization size
- 9.2.4. By Industry Vertical
- 9.2.5. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil HR Payroll Software Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Deployment Mode
    - 9.3.1.2.3. By Organization size
    - 9.3.1.2.4. By Industry Vertical
- 9.3.2. Argentina HR Payroll Software Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Deployment Mode
    - 9.3.2.2.3. By Organization size
    - 9.3.2.2.4. By Industry Vertical
- 9.3.3. Colombia HR Payroll Software Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Deployment Mode
    - 9.3.3.2.3. By Organization size
    - 9.3.3.2.4. By Industry Vertical

10. Middle East and Africa HR Payroll Software Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Deployment Mode
- 10.2.3. By Organization size
- 10.2.4. By Industry Vertical
- 10.2.5. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa HR Payroll Software Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Deployment Mode
    - 10.3.1.2.3. By Organization size
    - 10.3.1.2.4. By Industry Vertical
- 10.3.2. Saudi Arabia HR Payroll Software Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Deployment Mode
    - 10.3.2.2.3. By Organization size
    - 10.3.2.2.4. By Industry Vertical
- 10.3.3. UAE HR Payroll Software Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Deployment Mode
    - 10.3.3.2.3. By Organization size
    - 10.3.3.2.4. By Industry Vertical
- 10.3.4. Kuwait HR Payroll Software Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Component
    - 10.3.4.2.2. By Deployment Mode
    - 10.3.4.2.3. By Organization size
    - 10.3.4.2.4. By Industry Vertical
- 10.3.5. Turkey HR Payroll Software Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Component
    - 10.3.5.2.2. By Deployment Mode
    - 10.3.5.2.3. By Organization size
    - 10.3.5.2.4. By Industry Vertical

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1. Accenture plc
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Cezanne HR Limited
- 13.2.1. Business Overview
- 13.2.2. Key Revenue and Financials
- 13.2.3. Recent Developments
- 13.2.4. Key Personnel/Key Contact Person
- 13.2.5. Key Product/Services Offered
13.3. IBM Corporation
- 13.3.1. Business Overview
- 13.3.2. Key Revenue and Financials
- 13.3.3. Recent Developments
- 13.3.4. Key Personnel/Key Contact Person
- 13.3.5. Key Product/Services Offered
13.4. Oracle Corporation
- 13.4.1. Business Overview
- 13.4.2. Key Revenue and Financials
- 13.4.3. Recent Developments
- 13.4.4. Key Personnel/Key Contact Person
- 13.4.5. Key Product/Services Offered
13.5. Zellis Group
- 13.5.1. Business Overview
- 13.5.2. Key Revenue and Financials
- 13.5.3. Recent Developments
- 13.5.4. Key Personnel/Key Contact Person
- 13.5.5. Key Product/Services Offered
13.6. Workday Inc.
- 13.6.1. Business Overview
- 13.6.2. Key Revenue and Financials
- 13.6.3. Recent Developments
- 13.6.4. Key Personnel/Key Contact Person
- 13.6.5. Key Product/Services Offered
13.7. SAP SE
- 13.7.1. Business Overview
- 13.7.2. Key Revenue and Financials
- 13.7.3. Recent Developments
- 13.7.4. Key Personnel/Key Contact Person
- 13.7.5. Key Product/Services Offered
13.8. UKG, Inc.
- 13.8.1. Business Overview
- 13.8.2. Key Revenue and Financials
- 13.8.3. Recent Developments
- 13.8.4. Key Personnel/Key Contact Person
- 13.8.5. Key Product/Services Offered