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.
This industry develops software for the purpose of human resource 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.