Worldwide Payroll Accounting Market Shares, 2014: Xero and Workday Lead Payroll Growth into the Cloud
This IDC study discusses the worldwide market for payroll accounting software. This market grew at a rapid pace (4.7% in 2014 over 2013) to reach $3.2 billion, driven by demand for public cloud offerings, particularly in the small and medium-sized business space."Payroll accounting is a complex, mission-critical business application as failure to get it right impacts people's lives and may lead to low employee moral or labor issues. Increasingly, organizations, particularly small and medium-sized businesses, are looking to the cloud to simplify the process of paying employees," says Christine Dover, research director for Enterprise Applications and Digital Commerce.
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