Overview

Pay raise: The industry will benefit from increasing investment in software and widespread adoption of the SaaS business model

The HR & Payroll Software Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry will benefit from widespread adoption of the SaaS business model
  • By developing new products and versions of existing products, operators can increase revenue
  • Industry operators will continue to benefit from an increase in corporate profit

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    Industry Analysis & Industry Trends

    Over the five years to 2017, the HR and Payroll Software industry has experienced robust growth. The industry has benefited from increased private investment in software and the trend for businesses to bring HR services in-house to cut costs. As with most software industries, the biggest industry trend is the move toward cloud-based software as a service (SaaS) products. This transition to new software product offerings will continue over the next five years, promoting healthy growth for the industry. Over the five years to 2022, revenue for the HR and Payroll Software industry is forecast to continue increasing, albeit at a slightly lower rate than the previous period. The industry will benefit from increasing investment in software and widespread adoption of the SaaS business model...

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    Industry Report - Industry Locations Chapter

    The HR and Payroll software industry is highly concentrated in the West region of the United States. The West generates is home to 29.0% of industry establishments, overcompensating for the region's 17.3% share of national population. California and Washington are both home to some of the world's largest software publishers, including Alphabet Inc., Apple Inc. and Amazon.com, Inc. Many industry operators are also based in the West; Oracle Corp. and Intuit Inc. are based in California, while Microsoft Corp. is based out of Washington. The dominance of these companies is the primary reason for the industry's concentration in the West. The Southeast and Mid-Atlantic are the second- and third-most significant regions for this industry, respectively, with 17.8% and 13.5% o..

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    Additional Insights for the HR & Payroll Software Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the HR & Payroll Software Industry are

  • Undertaking technical research and development
  • Access to highly skilled workforce
  • Close monitoring of competition
  • IBISWorld analysts also discuss how external factors such as Private investment in computers and software and Corporate profit in the HR & Payroll Software industry impact industry performance..

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    Industry Products

    What is the HR & Payroll Software Industry?

    This industry develops software for the purpose of human resource and payroll management. This service is provided online or through proprietary software.

    Industry Products
    HR management software
    Workforce management software
    Recruiting software
    Compensation and benefits software
    Talent management software
    Learning management software
    Industry Activities
    HR management software publishing
    Payroll software publishing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private investment in computers and software
  • Corporate profit
  • Number of businesses
  • Government consumption and investment

  • Current Performance
  • From outsourcing to insourcing
  • Product offerings
  • Mergers and acquisitions
  • Chart: Revenue Growth

  • Industry Outlook
  • Corporate profit spurs industry demand and competition
  • Continued merger and acquisition activity
  • Table: HR & Payroll Software Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - HR & Payroll Software Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Finance and Insurance
  • Healthcare and Social Assistance
  • Public Administration

  • Key Selling Industries
  • Computer Manufacturing

  • Products & Services
  • HR management software
  • Workforce management software
  • Recruiting software
  • Talent management software
  • Learning management software
  • Compensation and benefits software
  • Chart: HR & Payroll Software Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Energy and Natural Resources
  • Manufacturing
  • Services (other)
  • Public services
  • Financial Services
  • Chart: Major Market Segmentation for the HR & Payroll Software Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchases and depreciationOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs HR & Payroll Software

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the HR & Payroll Software Industry

  • Industry Globalization
    Major Companies
    ADP LLCWorkday Inc.The Ultimate Software Group Inc.Intuit Inc.Oracle Corp.
  • Table: ADP LLC - financial performance
  • Table: Workday Inc. - financial performance
  • Table: The Ultimate Software Group Inc. - financial performance
  • Table: Intuit Inc. - financial performance
  • Table: Oracle Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the HR & Payroll Software Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the HR & Payroll Software Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private investment in computers and software (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Benefits Administration
  • The creation and management of employee benefits.
  • Cloud Computing
  • Computing model in which storage and computing tasks are handled by networked machines (often servers in a data center owned by the service provider) rather than at the point of consumption.
  • Software As A Service (Saas)
  • A model of software deployment where a provider licenses an application to customers for use as a service on demand.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on HR & Payroll Software:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The HR & Payroll Software market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on HR & Payroll Software, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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