Boston, MA -- (SBWIRE) -- 11/23/2016 -- In HR, the payroll department is critical as employees are sensitive to payroll errors and irregularities. The key task of the payroll department is to ensure that all the employees are paid accurately and appropriately after the correct deductions. In addition, with the use of the payroll software, the HR team can track the number of hours each employee has worked, which is used to calculate the salary compensation.

Technavio's analysts forecast the global cloud-based payroll software market to grow at a CAGR of 6.94% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global cloud-based payroll software market for 2016-2020. To calculate the market size, the report provides a list of leading global vendors that provide global cloud-based payroll software.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Get More Details on this Report and a Full Table of Contents at Global Cloud-based Payroll Software Market 2016-2020

Technavio's report, Global Cloud-Based Payroll Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ADP
-BenefitMall
-Ceridian HCM
-CloudPay
-CoreHR
-Gusto
-Intuit
-Oracle
-Paychex
-SAP SuccessFactors
-Ultimate Software
-Workday
-Zenefits

Other prominent vendors

-AmCheck
-Automatic Payroll Systems
-IRIS Software
-Interlogic Outsourcing
-MyPayrollHR
-Namely
-Patriot Software
-Sage Group
-Telepayroll

Market driver

-Advantages of cloud over on-premises solutions.
-For a full, detailed list, view our report

Market challenge

-Stabilizing domestic HR processes with global HR standards.
-For a full, detailed list, view our report

Market trend

-Strategic decision-making using HR analytics.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ADP, BenefitMall, Ceridian HCM, CloudPay, CoreHR, Gusto, Intuit, Oracle, Paychex, SAP SuccessFactors, Ultimate Software, Workday, Zenefits, AmCheck, Automatic Payroll Systems, IRIS Software, Interlogic Outsourcing, MyPayrollHR, Namely, Patriot Software, Sage Group, Telepayroll

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