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HR & Payroll Software in the US - Industry Market Research Report

Publisher IBISWorld
Published Feb 27, 2023
Length 44 Pages
SKU # IBSS17835481

Description

HR & Payroll Software in the US - Industry Market Research Report

HR & Payroll Software in the US

The HR and Payroll Software industry provides human resources, payroll and recruitment software for businesses. The industry generates revenue by publishing new software, software license updates and collecting subscription fees for online applications. Businesses use industry software to streamline administration processes and collate data, while reducing the risk of litigation and other compliance issues. Users also use the software to control labor costs, minimize risk and manage personnel. In the past five years, industry revenue grew at a CAGR of 5.1% to $15.4 billion, including 4.1% in 2023 alone, when profit margins will grow to 14.9%.

This industry develops software for human resource (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

44 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
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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