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Recent research: Cloud-based payroll software market to grow at 6.94% CAGR during 2016-2020

The analysts forecast global Cloud-based Payroll Software Market to grow at a CAGR of 6.94% during the period 2016-2020. In HR, the payroll department is critical as employees are sensitive to payroll errors and irregularities. includes new research report onGlobal Cloud-based Payroll Software Market 2016-2020. This report covers the present scenario and the growth prospects of the global Cloud-based Payroll Software Market for 2016-2020.

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The key task of the payroll department is to ensure that all the employees are paid accurately and appropriately after the correct deductions. In addition, with the use of the payroll software, the HR team can track the number of hours each employee has worked, which is used to calculate the salary compensation.

Global Cloud-based Payroll Software Market 2016-2020 Research Report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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One of latest trends in the market is integration of different modules to perform different functions. HR software is an enterprise-class software that can streamline and automate processes like payroll, performance reviews, recruiting, onboarding, compliance, analytics, and training.

Enterprises purchase separate software for each and every HR operation such as payroll software, applicant tracking software, and talent management software. Integrated HR payroll software has a better impact on organizational drivers and also engages the employees better.

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Key vendors
Ceridian HCM
SAP SuccessFactors
Ultimate Software

Other prominent vendors

Automatic Payroll Systems
IRIS Software
Interlogic Outsourcing
Patriot Software
Sage Group

Market driver
Advantages of cloud over on-premises solutions.
For a full, detailed list, view our report

Market challenge
Stabilizing domestic HR processes with global HR standards.
For a full, detailed list, view our report

Market trend
Strategic decision-making using HR analytics.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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