Getting paid: The industry will benefit from investment in software and adoption of SaaS

IBISWorld’s HR & Payroll Software market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • The industry benefited from increased private investment in software
  • 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 2016, IBISWorld estimates that revenue from the HR and Payroll Software industry will increase, as the continued trend toward cloud-based systems revolutionizes the industry. Businesses have invested in new cloud-based software products as they replace their core infrastructure software, which has also bolstered industry demand. In the coming years, the industry will benefit from rising corporate profit, which will encourage investment in information technology infrastructure...

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    Industry Report - Starting a New Business Chapter

    The HR and Payroll Software industry has moderate barriers to entry. One barrier to entry is the level of market share concentration. Customers may be hesitant to switch from one software system to a competing product because of the upfront investment required and configuration involved. Furthermore, customers are less willing to switch to new products because of their comfort with existing systems. Incumbent software products are difficult to unseat because of this dynamic. Therefore, this factor creates a barrier to entry for new companies entering the industry.

    Another barrier to entry for the industry is the limited pool of skilled workers. Bec..

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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 Number of businesses and Private investment in computers and software in the HR & Payroll Software industry impact industry performance..

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    Look under the hood?

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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
  • Number of businesses
  • Private investment in computers and software
  • Corporate profit
  • 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
  • Compensation and benefits software
  • Talent management software
  • Learning management software
  • Chart: HR & Payroll Software Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses with one to 50 employees
  • Businesses with 51 to 250 employees
  • Businesses with over 250 employees
  • 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
  • Profit
  • Wages
  • Purchases and depreciation
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs HR & Payroll Software

  • Basis of Competition
  • Internal Competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the HR & Payroll Software Industry

  • Industry Globalization
    Major Companies
    ADP LLCSAP SEWorkday Inc.The Ultimate Software Group Inc.Intuit Inc.Oracle Corp.
  • Table: ADP LLC - financial performance
  • Table: SAP SE - 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
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Private investment in computers and software (2007-2021)

  • 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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