Global Online Payroll Software Market (COVID-19 Factor) - Growth Prospects, Competitor Analysis, Regional Insights, Market Trend Analysis, SWOT Analysis and Forecast 2021-2026

2021/5/27 | Page 115 | Region Global

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The online payroll software is forecast to steady growth over the next four years. According to the World Knowledge Information (WKI) “Global Online Payroll Software Professional Survey Report 2021, Forecast to 2026”, With the popularity of smart office and the impact of COVID-19, it is expected that more companies will tend to use online payroll software. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 9% base on WKI regression analysis model.

Analysts’ Viewpoint:

“The functionality of online payroll software is not the only important thing. The clarity of the software interface and the ease of operation are also the first considerations for market participants.” said Mia, Senior analyst, Software Industry Market Research Center in WKI.” Software that is regularly updated according to market needs is more popular with users, and a stable software system can make users have a good experience.”

Market insight:

Companies have become more environmentally friendly, and it is becoming more common for companies to implement policies and practices that reduce their carbon footprint and excess waste. Choosing online payroll software provides a “green” approach to a cost-effective and efficient payroll process. Online payroll software eliminates manually calculated taxes and other payroll expenses, reduces the chance of error, has ultra-high security, and can be stored online, and is highly sought after by major industries around the world. According to the APA’s surveys, HR professionals have been moving to mobile-enabled processes by over 75 percent since 2012. Most of these new uses have been in payroll and recruiting, as well as performance management, and employee development functions. In addition, over 24 percent of survey respondents who still receive paper checks say they regularly use smart phones to deposit those paychecks.

Competition Landscape:

This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online payroll software companys that include ADP, Alibaba, Gusto, Isolved, Justworks, Patriot Software and others.

Segmentation of Online Payroll Software Market:

Large companies have a relatively high degree of automated office management, and due to the large number of employees, compensation management is more complicated, and there is a growing demand for simplifying complex payment decisions. Therefore, it is more inclined to manage salary through online payroll management software. Large enterprises will occupy the largest market share during the forecast period. Online payroll software can help small and medium enterprises reduce labor expenditures and increase labor rates. Therefore, small and medium enterprises are gradually turning their attention to online payroll software, and it is expected that the compound annual growth rate of small and medium enterprises is the highest. It is expected that during the forecast period, the deployment model on the cloud will grow at the fastest rate. Cloud-based payroll software is one of the key strategies that companies follow because it is more energy efficient and reduces IT and labor costs.

Online Payroll Software Market: Regional Analysis

In terms of geography, the global online payroll software market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America will dominate the global online payroll software market. This trend is expected to continue during the forecast period. The advantage of North America is mainly due to the large number of participants in the cloud-based wage software market in the United States and the high research funding given by the government to the technology industry. The Asia-Pacific region is expected to grow at the fastest rate during the forecast period. This is due to the geographical distribution of organizations in the region and the increase in the number of employees, which requires a fast and accurate payroll accounting process. The leading software technologies in China and India have also promoted the development of the industry.

Additional information

License

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Table of Contents

Global Online Payroll Software Market Report 2021, Forecast to 2026

1 Report Overview
1.1 Online Payroll Software Introduction
1.2 Report Structure Overview
1.3 Years Considered

2 Market Status
2.1 Global Online Payroll Software Market Outlook
2.2 Key Industry Perspective: What Industry Leaders are saying?
2.3 Macro-Economic Factors
2.3.1 Global GDP Growth
2.3.2 Manufacturing Value Added
2.3.3 Industrial Production
2.4 Forecast Factors – Relevance & Impact
2.5 Market Dynamics
2.5.1 Market Opportunities
2.5.2 Market Risk
2.5.3 Market Driving Force
2.5.4 Product Innovation / Development Trends

3 Coronavirus Disease 2019 (COVID-19): Online Payroll Software Industry Impact
3.1 Current Statistics and Probable Future Impact
3.2 Comparison of SAARs and Market Recovery
3.3 Online Payroll Software Business Impact Assessment – Covid-19
3.4 Market Trends and Online Payroll Software Potential Opportunities in the COVID-19 Landscape

4 Online Payroll Software Revenue by Region
4.1 Global Online Payroll Software Revenue (History Data) by Region
4.2 North America
4.2.1 North America Online Payroll Software Revenue by Type
4.2.2 North America Online Payroll Software Revenue by Application
4.2.3 North America Online Payroll Software Revenue by Countries
4.2.4 United States
4.2.5 Canada
4.2.6 Mexico
4.3 Europe
4.3.1 Europe Online Payroll Software Revenue by Type
4.3.2 Europe Online Payroll Software Revenue by Application
4.3.3 Europe Online Payroll Software Revenue by Countries
4.3.4 Germany
4.3.5 France
4.3.6 UK
4.3.7 Italy
4.3.8 Russia
4.3.9 Spain
4.4 Asia Pacific
4.4.1 Asia Pacific Online Payroll Software Revenue by Type
4.4.2 Asia Pacific Online Payroll Software Revenue by Application
4.4.3 Asia Pacific Online Payroll Software Revenue by Region
4.4.4 China
4.4.5 Japan
4.4.6 South Korea
4.4.7 India
4.4.8 Australia
4.4.9 Indonesia
4.4.10 Thailand
4.4.11 Malaysia
4.4.12 Philippines
4.4.13 Vietnam
4.5 Central & South America
4.5.1 Central & South America Online Payroll Software Revenue by Type
4.5.2 Central & South America Online Payroll Software Revenue by Application
4.5.3 Central & South America Online Payroll Software Revenue by Countries
4.5.4 Brazil
4.6 Middle East & Africa
4.6.1 Middle East & Africa Online Payroll Software Revenue by Type
4.6.2 Middle East & Africa Online Payroll Software Revenue by Application
4.6.3 Middle East & Africa Online Payroll Software Revenue by Countries
4.6.4 GCC Countries
4.6.5 Turkey
4.6.6 Egypt
4.6.7 South Africa
4.6.8 Israel

5 Global Online Payroll Software Market Segment by Type
5.1 Introduction / Key Findings
5.2 Global Online Payroll Software Revenue and Market Share by Type (2016-2021)
5.3 Cloud-based Revenue Growth Rate and Price
5.4 On-premises Revenue Growth Rate and Price

6 Global Online Payroll Software Market Segment by Application
6.1 Introduction / Key Findings
6.2 Global Online Payroll Software Revenue Market Share by Application (2016-2021)
6.3 Large Enterprises Revenue Growth Rate (2016-2021)
6.4 SMEs Revenue Growth Rate (2016-2021)

7 Analysis of Key Players
7.1 ADP
7.1.1 Company Details
7.1.2 Description and Business Overview
7.1.3 Product Introduction
7.1.4 ADP Online Payroll Software Gross Margin and Revenue (2016-2021)
7.1.5 Recent News
7.2 Alibaba
7.2.1 Company Details
7.2.2 Description and Business Overview
7.2.3 Product Introduction
7.2.4 Alibaba Online Payroll Software Gross Margin and Revenue (2016-2021)
7.2.5 Recent News
7.3 Gusto
7.3.1 Company Details
7.3.2 Description and Business Overview
7.3.3 Product Introduction
7.3.4 Gusto Online Payroll Software Gross Margin and Revenue (2016-2021)
7.3.5 Recent News
7.4 Isolved
7.4.1 Company Details
7.4.2 Description and Business Overview
7.4.3 Product Introduction
7.4.4 Isolved Online Payroll Software Gross Margin and Revenue (2016-2021)
7.4.5 Recent News
7.5 Justworks
7.5.1 Company Details
7.5.2 Description and Business Overview
7.5.3 Product Introduction
7.5.4 Justworks Online Payroll Software Gross Margin and Revenue (2016-2021)
7.5.5 Recent News
7.6 Patriot Software
7.6.1 Company Details
7.6.2 Description and Business Overview
7.6.3 Product Introduction
7.6.4 Patriot Software Online Payroll Software Gross Margin and Revenue (2016-2021)
7.6.5 Recent News

8 Online Payroll Software Market Forecast
8.1 Forecast Factors – Relevance & Impact
8.1.1 Factor 1
8.1.2 Factor 2
8.1.3 Factor 3
8.2 Global Online Payroll Software Revenue, Revenue and Growth Rate (2021-2026)
8.3 Online Payroll Software Market Forecast by Regions (2021-2026)
8.3.1 North America Online Payroll Software Market Forecast (2021-2026)
8.3.2 Europe Online Payroll Software Market Forecast (2021-2026)
8.3.3 Asia-Pacific Online Payroll Software Market Forecast (2021-2026)
8.3.4 South America Online Payroll Software Market Forecast (2021-2026)
8.3.5 Middle East & Africa Online Payroll Software Market Forecast (2021-2026)
8.4 Online Payroll Software Market Forecast by Type (2021-2026)
8.4.1 Global Online Payroll Software Revenue Forecast by Type (2021-2026)
8.4.2 Global Online Payroll Software Revenue Market Share Forecast by Type (2021-2026)
8.5 Online Payroll Software Market Forecast by Application (2021-2026)
8.5.1 Global Online Payroll Software Revenue Forecast by Application (2021-2026)
8.5.2 Global Online Payroll Software Market Share Forecast by Application (2021-2026)

9 Conclusion

List of Tables and Figures
Figure Online Payroll Software Product Picture
Figure Online Payroll Software Report Years Considered
Table Market Opportunities in Next Few Years
Table Market Risks Analysis
Table Market Drivers
Table Market Drivers
Table Business Impact Assessment – Covid-19
Table Market Trends and Online Payroll Software Potential Opportunities in the COVID-19 Landscape
Table Global Online Payroll Software Revenue by Region (2016-2021) (M USD)
Table Global Online Payroll Software Revenue Market Share by Region (2016-2021)
Figure Global Online Payroll Software Revenue Market Share by Region (2016-2021)
Figure Global Online Payroll Software Revenue Market Share by Region in 2021
Figure North America Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Table North America Online Payroll Software Revenue by Type (2016-2021) (M USD)
Figure North America Online Payroll Software Revenue Market Share by Type in 2020
Table North America Online Payroll Software Revenue by Application (2016-2021) (M USD)
Table North America Online Payroll Software Revenue Market Share by Application in 2020
Table North America Online Payroll Software Revenue by Countries (2016-2021) (M USD)
Figure North America Online Payroll Software Revenue Market Share by Countries in 2020
Figure United States Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Canada Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Mexico Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Europe Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Table Europe Online Payroll Software Revenue by Type (2016-2021) (M USD)
Figure Europe Online Payroll Software Revenue Market Share by Type in 2020
Table Europe Online Payroll Software Revenue by Application (2016-2021) (M USD)
Figure Europe Online Payroll Software Revenue Market Share by Application in 2020
Table Europe Online Payroll Software Revenue by Countries (2016-2021) (M USD)
Figure Europe Online Payroll Software Revenue Market Share by Countries in 2020
Figure Germany Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure France Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure UK Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Italy Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Russia Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Rus Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Asia Pacific Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Table Asia Pacific Online Payroll Software Revenue by Type (2016-2021) (M USD)
Figure Asia Pacific Online Payroll Software Revenue Market Share by Type in 2020
Table Asia Pacific Online Payroll Software Revenue by Application (2016-2021) (M USD)
Figure Asia Pacific Online Payroll Software Revenue Market Share by Application in 2020
Table Asia Pacific Online Payroll Software Revenue by Region (2016-2021) (M USD)
Table Asia Pacific Online Payroll Software Revenue Market Share by Region (2016-2021)
Figure China Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Japan Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure South Korea Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure India Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Australia Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Indonesia Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Thailand Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Malaysia Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Philippines Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Vietnam Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Central & South America Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Table Central & South America Online Payroll Software Revenue by Type (2016-2021) (M USD)
Figure Central & South America Online Payroll Software Revenue Market Share by Type in 2020
Table Central & South America Online Payroll Software Revenue by Application (2016-2021) (M USD)
Figure Central & South America Online Payroll Software Revenue Market Share by Application in 2020
Table Central & South America Online Payroll Software Revenue by Countries (2016-2021) (M USD)
Figure Central & South America Online Payroll Software Revenue Market Share by Countries
Figure Brazil Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Middle East & Africa Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Table Middle East & Africa Online Payroll Software Revenue by Type (2016-2021) (M USD)
Figure Middle East & Africa Online Payroll Software Revenue Market Share by Type in 2020
Table Middle East & Africa Online Payroll Software Revenue by Application (2016-2021) (M USD)
Figure Middle East & Africa Online Payroll Software Revenue Market Share by Application in 2020
Table Middle East & Africa Online Payroll Software Revenue by Countries (2016-2021) (M USD)
Figure Middle East & Africa Online Payroll Software Revenue Market Share by Countries
Figure GCC Countries Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Turkey Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Egypt Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure South Africa Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Figure Israel Online Payroll Software Revenue Growth Rate (2016-2021) (M USD)
Table Global Online Payroll Software Revenue by Type (2016-2021)
Table Global Online Payroll Software Revenue Market Share by Type (2016-2021)
Figure Global Online Payroll Software Revenue Market Share by Type in 2020
Figure Global Cloud-based Revenue Growth Rate (2016-2021)
Figure Global On-premises Revenue Growth Rate (2016-2021)
Table Global Online Payroll Software Revenue by Application (2016-2021)
Table Global Online Payroll Software Revenue Market Share by Application (2016-2021)
Figure Global Online Payroll Software Revenue Market Share by Application in 2020
Figure Global Large Enterprises Sales Growth Rate (2016-2021)
Figure Global SMEs Sales Growth Rate (2016-2021)
Table ADP Profile
Table ADP Description and Business Overview
Table ADP Online Payroll Software Product
Table Online Payroll Software Revenue (K Unit) and Gross Margin of ADP 2016-2021
Table ADP Recent News
Table Alibaba Profile
Table Alibaba Description and Business Overview
Table Alibaba Online Payroll Software Product
Table Online Payroll Software Revenue (K Unit) and Gross Margin of Alibaba 2016-2021
Table Alibaba Recent News
Table Gusto Profile
Table Gusto Description and Business Overview
Table Gusto Online Payroll Software Product
Table Online Payroll Software Revenue (K Unit) and Gross Margin of Gusto 2016-2021
Table Gusto Recent News
Table Isolved Profile
Table Isolved Description and Business Overview
Table Isolved Online Payroll Software Product
Table Online Payroll Software Revenue (K Unit) and Gross Margin of Isolved 2016-2021
Table Isolved Recent News
Table Justworks Profile
Table Justworks Description and Business Overview
Table Justworks Online Payroll Software Product
Table Online Payroll Software Revenue (K Unit) and Gross Margin of Justworks 2016-2021
Table Justworks Recent News
Table Patriot Software Profile
Table Patriot Software Description and Business Overview
Table Patriot Software Online Payroll Software Product
Table Online Payroll Software Revenue (K Unit) and Gross Margin of Patriot Software 2016-2021
Table Patriot Software Recent News
Figure Global Online Payroll Software Revenue and Growth Rate (2021-2026)
Figure Global Online Payroll Software Revenue and Growth Rate (2021-2026)
Table Global Online Payroll Software Revenue Forecast by Regions (2021-2026)
Table Global Online Payroll Software Revenue Market Share Forecast by Regions (2021-2026)
Figure North America Revenue Online Payroll Software Market Forecast (2021-2026)
Figure Europe Revenue Online Payroll Software Market Forecast (2021-2026)
Figure Asia-Pacific Revenue Online Payroll Software Market Forecast (2021-2026)
Figure South America Revenue Online Payroll Software Market Forecast (2021-2026)
Figure Middle East & Africa Revenue Online Payroll Software Market Forecast (2021-2026)
Table Global Online Payroll Software Revenue Forecast by Type (2021-2026)
Table Global Online Payroll Software Revenue Market Share Forecast by Type (2021-2026)
Table Global Online Payroll Software Revenue Forecast by Application (2021-2026)
Table Global Online Payroll Software Market Share Forecast by Application (2021-2026)

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