HR & Payroll Software
Over the five years to 2018, the HR and Payroll Software industry has experienced robust growth, with revenue rising at an annualized rate of 6.7% to $7.7 billion. The industry has benefited from increased private investment in software and the trend for businesses to bring HR services in-house to cut costs. Over the five years to 2023, revenue for the HR and Payroll Software industry is forecast to increase at an annualized rate of 7.3% to $11.0 billion. The industry will benefit from increasing investment in software and widespread adoption of the SaaS business model.
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.
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