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HR & Payroll Software Publishing in the UK - Industry Market Research Report

Publisher IBISWorld
Published Oct 23, 2024
Length 75 Pages
SKU # IBSS19340911

Description

HR & Payroll Software Publishing in the UK - Industry Market Research Report


HR & Payroll Software Publishing in the UK

HR and payroll software is growing in popularity, especially among SMEs, as it provides a cheaper alternative to traditional HR and payroll management systems. Over the five years through 2022-23, revenue will grow at a compound annual rate of 7.5% to £1.4 billion. Industry start-ups have increased markedly, many of which have attracted funding from private investors. Publishers have been able to expand their R&D budgets and make enormous strides in creating advanced HR and payroll software. The cloud has allowed online and remote-access distribution of industry software on a subscription basis to become the norm. Most pubilshers now offer integrated HR and payroll systems through Software as a Service (SaaS). SaaS reduces packaging and distribution costs, reaches a broader audience and boosts profit.

This industry develops and publishes software for human resources (HR) and payroll management. This service is provided online or through proprietary software.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

75 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

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