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."
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