Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Summary
The Global Online Payroll Service Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Majority of organizations have adopted online payroll services due to several advantages of these services over the conventional in-house payroll system. Online payroll services offer increased efficiency in terms of calculating time and attendance information and tax and benefit withholdings. It also offers improved labor management and decreased potential for errors. Moreover, employees can access historical and current payroll data using mobile devices and defined login information using online payroll services. Such benefits are expected to propel growth of the global online payroll services market over the forecast period..
Increasing labor force worldwide is expected to boost growth of the global online payroll services market over the forecast period. For instance, according to data derived from the International Labor Organization, ILOSTAT database, and World Bank, the global labor force reached 3.489 billion in 2019 from 3.148 billion in 2010. Moreover, increasing the adoption of cloud in online payroll services is also expected to aid in growth of the market. For instance, in February 2020, Ceridian, a human capital management technology company based in the U.S., announced to expand its flagship payroll service Dayforce, a payroll cloud platform, in New Zealand.
However, low awareness and adoption of online payroll services in emerging and underdeveloped economies is expected to hinder growth of the global online payroll services market to some extent. This low adoption can be attributed to several factors such as the low rate of literacy and digitalization in these economies. Moreover, security concerns regarding sensitive information about employees and accountability for compliance issues are some of the other factors that may limit the adoption of online payroll services.
The market is witnessing M&A activities. For instance, in February 2020, Cast & Crew, a U.S.-based Hollywood payroll services company announced plans to acquire Media Services.
Major players in the market are focused on expanding their service portfolio. For instance, in February 2020, Paysquare launched comprehensive services and support for the year-end payroll operations of global enterprises.
Key Takeaways:
- Increasing labor force worldwide is expected to augment growth of the global online payroll services market over the forecast period
- Security concerns regarding sensitive information about employees are expected to hinder growth of the market
- Major players operating in the global online payroll services market include OnPay, Gusto, SurePayroll, Intuit, ADP, AmCheck, APS, BenefitMall, Big Fish Payroll Services, Fuse Workforce Management, GetPayroll, IOIPay, MyPayrollHR, Patriot Software, Paychex, Paycor, Paylocity, PrimePay, Sage, and Wagepoint
The Key Manufacturers covered in this Report:-
- OnPay
- Gusto
- SurePayroll
- Intuit
- ADP
- AmCheck
- APS
- BenefitMall
- Big Fish Payroll Services
- Fuse Workforce Management
- GetPayroll
- IOIPay
- MyPayrollHR
- Patriot Software
- Paychex
- Paycor
- Paylocity
- PrimePay
- Sage
- Wagepoint
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Payroll Processing
- Payroll Tax
- New Hire Reporting
- Pay Options
- Employee Self-Service
- HR Features
- Other
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Online Payroll Service Market Report:
- To assess the size of the market by value and volume
- Analyze the Online Payroll Service Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Online Payroll Service Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Online Payroll Service Market
The Online Payroll Service Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Online Payroll Service Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 are considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into the specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Online Payroll Service Market Size Growth Rate by Type (2014-2025)
1.4.2 On-premise
1.4.3 Cloud Based
1.5 Market by Application
1.5.1 Global Online Payroll Service Market Share by Application (2019-2025)
1.5.2 Payroll Processing
1.5.3 Payroll Tax
1.5.4 New Hire Reporting
1.5.5 Pay Options
1.5.6 Employee Self-Service
1.5.7 HR Features
1.5.8 Other
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Online Payroll Service Market Size
2.2 Online Payroll Service Growth Trends by Regions
2.2.1 Online Payroll Service Market Size by Regions (2019-2025)
2.2.2 Online Payroll Service Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
3 Market Share by Key Players
3.1 Online Payroll Service Market Size by by Players
3.1.1 Global Online Payroll Service Revenue by by Players (2014-2019)
3.1.2 Global Online Payroll Service Revenue Market Share by by Players (2014-2019)
3.1.3 Global Online Payroll Service Market Concentration Ratio (CR5 and HHI)
3.2 Online Payroll Service Key Players Head office and Area Served
3.3 Key Players Online Payroll Service Product/Solution/Service
3.4 Date of Enter into Online Payroll Service Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Online Payroll Service Market Size by Type (2014-2019)
4.2 Global Online Payroll Service Market Size by Application (2014-2019)
5 North America
5.1 North America Online Payroll Service Market Size (2014-2019)
5.2 Online Payroll Service Key Players in North America
5.3 North America Online Payroll Service Market Size by Type
5.4 North America Online Payroll Service Market Size by Application
6 Europe
6.1 Europe Online Payroll Service Market Size (2014-2019)
6.2 Online Payroll Service Key Players in Europe
6.3 Europe Online Payroll Service Market Size by Type
6.4 Europe Online Payroll Service Market Size by Application
7 China
7.1 China Online Payroll Service Market Size (2014-2019)
7.2 Online Payroll Service Key Players in China
7.3 China Online Payroll Service Market Size by Type
7.4 China Online Payroll Service Market Size by Application
8 Japan
8.1 Japan Online Payroll Service Market Size (2014-2019)
8.2 Online Payroll Service Key Players in Japan
8.3 Japan Online Payroll Service Market Size by Type
8.4 Japan Online Payroll Service Market Size by Application
9 Southeast Asia
9.1 Southeast Asia Online Payroll Service Market Size (2014-2019)
9.2 Online Payroll Service Key Players in Southeast Asia
9.3 Southeast Asia Online Payroll Service Market Size by Type
9.4 Southeast Asia Online Payroll Service Market Size by Application
10 India
10.1 India Online Payroll Service Market Size (2014-2019)
10.2 Online Payroll Service Key Players in India
10.3 India Online Payroll Service Market Size by Type
10.4 India Online Payroll Service Market Size by Application
11 Central & South America
11.1 Central & South America Online Payroll Service Market Size (2014-2019)
11.2 Online Payroll Service Key Players in Central & South America
11.3 Central & South America Online Payroll Service Market Size by Type
11.4 Central & South America Online Payroll Service Market Size by Application
12 International Players Profiles
12.1 OnPay
12.1.1 OnPay Company Details
12.1.2 Company Description and Business Overview
12.1.3 Online Payroll Service Introduction
12.1.4 OnPay Revenue in Online Payroll Service Business (2014-2019))
12.1.5 OnPay Recent Development
12.2 Gusto
12.2.1 Gusto Company Details
12.2.2 Company Description and Business Overview
12.2.3 Online Payroll Service Introduction
12.2.4 Gusto Revenue in Online Payroll Service Business (2014-2019)
12.2.5 Gusto Recent Development
12.3 SurePayroll
12.3.1 SurePayroll Company Details
12.3.2 Company Description and Business Overview
12.3.3 Online Payroll Service Introduction
12.3.4 SurePayroll Revenue in Online Payroll Service Business (2014-2019)
12.3.5 SurePayroll Recent Development
12.4 Intuit
12.4.1 Intuit Company Details
12.4.2 Company Description and Business Overview
12.4.3 Online Payroll Service Introduction
12.4.4 Intuit Revenue in Online Payroll Service Business (2014-2019)
12.4.5 Intuit Recent Development
12.5 ADP
12.5.1 ADP Company Details
12.5.2 Company Description and Business Overview
12.5.3 Online Payroll Service Introduction
12.5.4 ADP Revenue in Online Payroll Service Business (2014-2019)
12.5.5 ADP Recent Development
12.6 AmCheck
12.6.1 AmCheck Company Details
12.6.2 Company Description and Business Overview
12.6.3 Online Payroll Service Introduction
12.6.4 AmCheck Revenue in Online Payroll Service Business (2014-2019)
12.6.5 AmCheck Recent Development
12.7 APS
12.7.1 APS Company Details
12.7.2 Company Description and Business Overview
12.7.3 Online Payroll Service Introduction
12.7.4 APS Revenue in Online Payroll Service Business (2014-2019)
12.7.5 APS Recent Development
12.8 BenefitMall
12.8.1 BenefitMall Company Details
12.8.2 Company Description and Business Overview
12.8.3 Online Payroll Service Introduction
12.8.4 BenefitMall Revenue in Online Payroll Service Business (2014-2019)
12.8.5 BenefitMall Recent Development
12.9 Big Fish Payroll Services
12.9.1 Big Fish Payroll Services Company Details
12.9.2 Company Description and Business Overview
12.9.3 Online Payroll Service Introduction
12.9.4 Big Fish Payroll Services Revenue in Online Payroll Service Business (2014-2019)
12.9.5 Big Fish Payroll Services Recent Development
12.10 Fuse Workforce Management
12.10.1 Fuse Workforce Management Company Details
12.10.2 Company Description and Business Overview
12.10.3 Online Payroll Service Introduction
12.10.4 Fuse Workforce Management Revenue in Online Payroll Service Business (2014-2019)
12.10.5 Fuse Workforce Management Recent Development
12.11 GetPayroll
12.12 IOIPay
12.13 MyPayrollHR
12.14 Patriot Software
12.15 Paychex
12.16 Paycor
12.17 Paylocity
12.18 PrimePay
12.19 Sage
12.20 Wagepoint
13 Market Forecast 2019-2025
13.1 Market Size Forecast by Product (2019-2025)
13.2 Market Size Forecast by Application (2019-2025)
13.3 Market Size Forecast by Regions
13.4 North America
13.5 Europe
13.6 China
13.7 Japan
13.8 Southeast Asia
13.9 India
13.10 Central & South America
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details
List of Table
List of Tables and Figures
Table Online Payroll Service Key Market Segments
Table Key Players Online Payroll Service Covered
Table Global Online Payroll Service Market Size Growth Rate by Type 2018-2025 (Million US$)
Figuer On-premise Figures
Table Key Players of On-premise
Figuer Cloud Based Figures
Table Key Players of Cloud Based
Table Global Online Payroll Service Market Size Growth by Application 2019-2025 (Million US$)
Figure Global Online Payroll Service Market Share by Application in 2018 & 2025
Figure Payroll Processing Case Studies
Figure Payroll Tax Case Studies
Figure New Hire Reporting Case Studies
Figure Pay Options Case Studies
Figure Employee Self-Service Case Studies
Figure HR Features Case Studies
Figure Other Case Studies
Figure Online Payroll Service Report Years Considered
Figure Global Online Payroll Service Market Size and Growth Rate 2014-2025 (Million US$)
Table Global Online Payroll Service Market Size by Regions 2019-2025 (Million US$)
Table Global Online Payroll Service Market Size by Regions 2019-2025 (Million US$)
Table Global Online Payroll Service Market Share by Regions 2014-2019
Figure Global Online Payroll Service Market Share by Regions 2014-2019
Figure Global Online Payroll Service Market Share by Regions in 2018
Table Market Top Trends
Table Key Drivers: Impact Analysis (2019-2025)
Table Key Challenges
Figure PORTER'S FIVE FORCES ANALYSIS
Table Global Online Payroll Service Revenue by by Players (2014-2019) (Million US$)
Table Global Online Payroll Service Market Share by by Players (2014-2019)
Figure Global Online Payroll Service Market Share by by Players in 2018
Table Global Online Payroll Service by Players Market Concentration Ratio (CR5 and HHI)
Table Key Players Head office and Area Served
Table Key Players Online Payroll Service Product/Solution/Service
Table Date of Enter into Online Payroll Service Market
Table Mergers & Acquisitions, Expansion Plans
Table Global Online Payroll Service Market Size by Type (2014-2019) (Million US$)
Table Global Online Payroll Service Market Size Share by Type (2014-2019)
Figure Global Online Payroll Service Market Size Market Share by Type (2014-2019)
Table Global Online Payroll Service Market Size by Application (2014-2019) (Million US$)
Table Global Online Payroll Service Market Size Share by Application (2014-2019)
Figure Global Online Payroll Service Market Size Market Share by Application (2014-2019)
Figure Global Online Payroll Service Revenue Market Share by Application in 2018
Figure North America Online Payroll Service Market Size 2014-2019 (Million US$)
Table North America Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table North America Key Players Online Payroll Service Market Share (2018-2019)
Table North America Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table North America Online Payroll Service Market Share by Type 2014-2019
Table North America Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table North America Online Payroll Service Market Share by Application 2014-2019
Figure Europe Online Payroll Service Market Size 2014-2019 (Million US$)
Table Europe Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table Europe Key Players Online Payroll Service Market Share (2018-2019)
Table Europe Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table Europe Online Payroll Service Market Share by Type 2014-2019
Table Europe Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table Europe Online Payroll Service Market Share by Application 2014-2019
Figure China Online Payroll Service Market Size 2014-2019 (Million US$)
Table China Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table China Key Players Online Payroll Service Market Share (2018-2019)
Table China Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table China Online Payroll Service Market Share by Type 2014-2019
Table China Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table China Online Payroll Service Market Share by Application 2014-2019
Figure Japan Online Payroll Service Market Size 2014-2019 (Million US$)
Table Japan Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table Japan Key Players Online Payroll Service Market Share (2018-2019)
Table Japan Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table Japan Online Payroll Service Market Share by Type 2014-2019
Table Japan Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table Japan Online Payroll Service Market Share by Application 2014-2019
Figure Southeast Asia Online Payroll Service Market Size 2014-2019 (Million US$)
Table Southeast Asia Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table Southeast Asia Key Players Online Payroll Service Market Share (2018-2019)
Table Southeast Asia Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table Southeast Asia Online Payroll Service Market Share by Type 2014-2019
Table Southeast Asia Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table Southeast Asia Online Payroll Service Market Share by Application 2014-2019
Figure India Online Payroll Service Market Size 2014-2019 (Million US$)
Table India Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table India Key Players Online Payroll Service Market Share (2018-2019)
Table India Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table India Online Payroll Service Market Share by Type 2014-2019
Table India Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table India Online Payroll Service Market Share by Application 2014-2019
Figure Central & South America Online Payroll Service Market Size 2014-2019 (Million US$)
Table Central & South America Key Players Online Payroll Service Revenue (2018-2019) (Million US$)
Table Central & South America Key Players Online Payroll Service Market Share (2018-2019)
Table Central & South America Online Payroll Service Market Size by Type 2014-2019 (Million US$)
Table Central & South America Online Payroll Service Market Share by Type 2014-2019
Table Central & South America Online Payroll Service Market Size by Application 2014-2019 (Million US$)
Table Central & South America Online Payroll Service Market Share by Application 2014-2019
Table OnPay Company Details
Table OnPay Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure OnPay Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table OnPay Recent Development
Table Gusto Company Details
Table Gusto Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure Gusto Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table Gusto Recent Development
Table SurePayroll Company Details
Table SurePayroll Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure SurePayroll Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table SurePayroll Recent Development
Table Intuit Company Details
Table Intuit Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure Intuit Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table Intuit Recent Development
Table ADP Company Details
Table ADP Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure ADP Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table ADP Recent Development
Table AmCheck Company Details
Table AmCheck Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure AmCheck Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table AmCheck Recent Development
Table APS Company Details
Table APS Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure APS Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table APS Recent Development
Table BenefitMall Company Details
Table BenefitMall Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure BenefitMall Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table BenefitMall Recent Development
Table Big Fish Payroll Services Company Details
Table Big Fish Payroll Services Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure Big Fish Payroll Services Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table Big Fish Payroll Services Recent Development
Table Fuse Workforce Management Company Details
Table Fuse Workforce Management Revenue in Online Payroll Service Business 2014-2019 (Million US$)
Figure Fuse Workforce Management Revenue Growth Rate in Online Payroll Service Business (2014-2019)
Table Fuse Workforce Management Recent Development
Table GetPayroll Company Details
Table IOIPay Company Details
Table MyPayrollHR Company Details
Table Patriot Software Company Details
Table Paychex Company Details
Table Paycor Company Details
Table Paylocity Company Details
Table PrimePay Company Details
Table Sage Company Details
Table Wagepoint Company Details
Table Global Online Payroll Service Market Size by Regions (Million US$) 2019-2025
Figure Global Online Payroll Service Market Size Share by Regions (2019-2025)
Figure Global Online Payroll Service Market Size Share by Regions in 2025
Figure North America Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Figure Europe Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Figure China Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Figure Japan Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Figure Southeast Asia Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Figure India Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Figure Central & South America Online Payroll Service Market Size Forecast (2019-2025)(Million USD)
Table Global Online Payroll Service Market Size by Product (2019-2025) (Million US$)
Figure Global Online Payroll Service Market Size by Product (2019-2025)
Figure Global Online Payroll Service Market Size by Product in 2025
Table Global Online Payroll Service Market Size by Application (2019-2025) (Million US$)
Figure Global Online Payroll Service Market Size by Application (2019-2025)
Figure Global Online Payroll Service Market Size by Application in 2025
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
