The global online payroll services market was valued at US$ xx million in the year 2018 and is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 10.3%. A payroll is a list which is kept in an organization to track the record of the total amount of money paid to the employees. Payroll is crucial from an accounting point of view because payroll taxes and payroll can affect the net income of the company. According to the record of IRS Department of USA, 25% of companies pay penalties to the IRS due to compliance error.
Running a payroll service successfully can be a challenging and laborious process. To streamline this complex process, nowadays, organizations are using online payroll services. Online payroll services give the flexibility to run an unlimited number of payrolls every month for paying employees by direct deposit or cheque. The system is easily accessible, and it manages paid leaves and other complex decisions. The platform is ideal for small businesses where time is a constraint for business owners. The online payroll service puts an emphasis on simplicity without sacrificing the value of deliverables.
A business or an organization can take advantage of a spontaneous platform which can break the whole system into few easy steps. Managing online payroll services can have several advantages over managing payroll in-house. Many organizations are shifting to online HR-management tools over in-house tools because of their flexibility and the effective use of resources. The advantages of online payroll services are increased efficiency, decreased chances of errors, employee access to data through a transparent system, and simplification of compliances. These factors are fuelling the growth of this market.
Geographies covered:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Singapore
Australia
Rest of APAC
Rest Of The World
Latin America
Middle East & Africa
Key Players of this market are
Intuit (USA)
ADP (USA)
IOIPay (USA)
OnPay (USA)
APS Payroll (USA)
SurePayroll (USA)
BenefitMall (USA)
PayUSA (USA)
MyPayrollHR (USA)
Gusto (USA)
Square (USA)
PAYweb (Canada)
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Online Payroll Services Market, 2016-2023, (US$ Mn)
2.2 Market Snapshot: Global Online Payroll Services Market
2.3 Market Dynamics
2.4 Global Online Payroll Services Market, by Segment, 2018
2.4.1 Global Online Payroll Services Market, by Product Type, 2018, (US$ Mn)
2.4.2 Global Online Payroll Services Market, by End-user, 2018, (US$ Mn)
2.4.3 Global Online Payroll Services Market, by Region, 2018 (US$ Mn)
2.5 Premium Insights
2.5.1 Online Payroll Services Market In Developed Vs. Developing Economies, 2018 vs 2023
2.5.2 Global Online Payroll Services Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Rising adoption of online payroll services rather than in-house payroll
3.2.2 Flexible systems with greater transparency
3.3 Market Restraints
3.3.1 Expensive operational cost for maintaining the IT infrastructure
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Increasing demand for online payroll systems in SMEs
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.6 Industry SWOT Analysis
Chapter 4 Global Online Payroll Services Market, by Product Type
4.1 Market Overview, by Product Type
4.1.1 Global Online Payroll Services Market, by Product Type, 2016-2023 (US$ Mn)
4.1.2 Incremental Opportunity, by Product Type, From 2018-2023
4.2 Basic Payroll Service
4.2.1 Global Online Payroll Services Market, by Basic Payroll Service, 2016-2023, (US$ Mn)
4.3 Enhanced Payroll Service
4.3.1 Global Online Payroll Services Market, by Enhanced Payroll Service, 2016-2023, (US$ Mn)
4.4 Full Service Payroll Service
4.4.1 Global Online Payroll Services Market, by Full Service Payroll Service, 2016-2023, (US$ Mn)
Chapter 5 Global Online Payroll Services Market, by End-user
5.1 Market Overview, by End-user
5.1.1 Global Online Payroll Services Market, by End-user, 2016-2023 (US$ Mn)
5.1.2 Incremental Opportunity, by End-user, From 2018-2023
5.2 Small Business
5.2.1 Global Online Payroll Services Market, by Small Business, 2016-2023, (US$ Mn)
5.3 Midsize Business
5.3.1 Global Online Payroll Services Market, by Midsize Business, 2016-2023, (US$ Mn)
5.4 Large Business
5.4.1 Global Online Payroll Services Market, by Large Business, 2016-2023, (US$ Mn)
Chapter 6 Global Online Payroll Services Market, by Region
6.1 Market Overview, by Region
6.1.1 Global Online Payroll Services Market, by Region, 2016-2023, (US$ Mn)
6.2 Attractive Investment Opportunity, by Region, 2018
6.3 North America Online Payroll Services Market
6.3.1 North America Online Payroll Services Market, by Product Type, 2016-2023 (US$ Mn)
6.3.2 North America Online Payroll Services Market, by End-user, 2016-2023 (US$ Mn)
6.3.3 United States Country Profile
6.3.3.1 United States Online Payroll Services Market, 2016-2023 (US$ Mn)
6.3.4 Canada Country Profile
6.3.4.1 Canada Online Payroll Services Market, 2016-2023 (US$ Mn)
6.3.5 Mexico Country Profile
6.3.5.1 Mexico Online Payroll Services Market, 2016-2023 (US$ Mn)
6.4 Europe Online Payroll Services Market
6.4.1 Europe Online Payroll Services Market, by Product Type, 2016-2023 (US$ Mn)
6.4.2 Europe Online Payroll Services Market, by End-user, 2016-2023 (US$ Mn)
6.4.3 United Kingdom Country Profile
6.4.3.1 United Kingdom Online Payroll Services Market, 2016-2023 (US$ Mn)
6.4.4 Germany Country Profile
6.4.4.1 Germany Online Payroll Services Market, 2016-2023 (US$ Mn)
6.4.5 France Country Profile
6.4.5.1 France Online Payroll Services Market, 2016-2023 (US$ Mn)
6.4.6 Italy Country Profile
6.4.6.1 Italy Online Payroll Services Market, 2016-2023 (US$ Mn)
6.4.7 Spain Country Profile
6.4.7.1 Spain Online Payroll Services Market, 2016-2023 (US$ Mn)
6.4.8 Rest of Europe
6.4.8.1 Rest of Europe Online Payroll Services Market, 2016-2023 (US$ Mn)
6.5 Asia Pacific Online Payroll Services Market
6.5.1 Asia Pacific Online Payroll Services Market, by Product Type, 2016-2023 (US$ Mn)
6.5.2 Asia Pacific Online Payroll Services Market, by End-user, 2016-2023 (US$ Mn)
6.5.3 China Country Profile
6.5.3.1 China Online Payroll Services Market, 2016-2023 (US$ Mn)
6.5.4 Japan Country Profile
6.5.4.1 Japan Online Payroll Services Market, 2016-2023 (US$ Mn)
6.5.5 India Country Profile
6.5.5.1 India Online Payroll Services Market, 2016-2023 (US$ Mn)
6.5.6 Singapore Country Profile
6.5.6.1 Singapore Online Payroll Services Market, 2016-2023 (US$ Mn)
6.5.7 Australia Country Profile
6.5.7.1 Australia Online Payroll Services Market, 2016-2023 (US$ Mn)
6.5.8 Rest of Asia Pacific
6.5.8.1 Rest of Asia Pacific Online Payroll Services Market, 2016-2023 (US$ Mn)
6.6 Rest of The World Online Payroll Services Market
6.6.1 Rest of The World Online Payroll Services Market, by Product Type, 2016-2023 (US$ Mn)
6.6.2 Rest of The World Online Payroll Services Market, by End-user, 2016-2023 (US$ Mn)
6.6.3 Latin America
6.6.3.1 Latin America Online Payroll Services Market, 2016-2023 (US$ Mn)
6.6.4 Middle East & Africa
6.6.4.1 Middle East & Africa Online Payroll Services Market, 2016-2023 (US$ Mn)
Chapter 7 Competitive Intelligence
7.1 Market Players Present in Market Life Cycle
7.2 Top 5 Players Comparison
7.3 Market Positioning of Key Players, 2018
7.4 Market Players Mapping
7.4.1 By Product Type
7.4.2 By End-user
7.4.3 List of Online Payroll Services Companies by Major Countries
7.4.3.1 Online Payroll Services Company Mapping-US
7.4.3.2 Online Payroll Services Company Mapping-Canada
7.4.3.3 Online Payroll Services Company Mapping- UK
7.4.3.4 Online Payroll Services Company Mapping-Singapore
7.4.3.5 Online Payroll Services Company Mapping- Australia
7.5 Strategies Adopted by Key Market Players
7.6 Recent Developments in the Market
7.6.1 Mergers & Acquisitions, Partnership, New Product Developments
7.7 Operational Efficiency Comparison by Key Players
Chapter 8 Company Profiles
8.1 Intuit
8.1.1 Intuit Overview
8.1.2 Key Stakeholders/Person in Intuit
8.1.3 Intuit Products Portfolio
8.1.4 Intuit Financial Overview
8.1.5 Intuit News/Recent Developments
8.2 ADP
8.2.1 ADP Overview
8.2.2 Key Stakeholders/Person in ADP
8.2.3 ADP Products Portfolio
8.2.4 ADP Financial Overview
8.2.5 ADP News/Recent Developments
8.3 IOIPay
8.3.1 IOIPay Overview
8.3.2 Key Stakeholders/Person in IOIPay
8.3.3 IOIPay Products Portfolio
8.3.4 IOIPay Financial Overview
8.3.5 IOIPay News/Recent Developments
8.4 OnPay
8.4.1 OnPay Overview
8.4.2 Key Stakeholders/Person in OnPay
8.4.3 OnPay Products Portfolio
8.4.4 OnPay Financial Overview
8.4.5 OnPay News/Recent Developments
8.5 APS Payroll
8.5.1 APS Payroll Overview
8.5.2 Key Stakeholders/Person in APS Payroll
8.5.3 APS Payroll Products Portfolio
8.5.4 APS Payroll Financial Overview
8.5.5 APS Payroll News/Recent Developments
8.6 SurePayroll
8.6.1 SurePayroll Overview
8.6.2 Key Stakeholders/Person in SurePayroll
8.6.3 SurePayroll Products Portfolio
8.6.4 SurePayroll Financial Overview
8.6.5 SurePayroll News/Recent Developments
8.7 BenefitMall
8.7.1 BenefitMall Overview
8.7.2 Key Stakeholders/Person in BenefitMall
8.7.3 BenefitMall Products Portfolio
8.7.4 BenefitMall Financial Overview
8.7.5 BenefitMall News/Recent Developments
8.8 PayUSA
8.8.1 PayUSA Overview
8.8.2 Key Stakeholders/Person in PayUSA
8.8.3 PayUSA Products Portfolio
8.8.4 PayUSA Financial Overview
8.8.5 PayUSA News/Recent Developments
8.9 MyPayrollHR
8.9.1 MyPayrollHR Overview
8.9.2 Key Stakeholders/Person in MyPayrollHR
8.9.3 MyPayrollHR Products Portfolio
8.9.4 MyPayrollHR Financial Overview
8.9.5 MyPayrollHR News/Recent Developments
8.10 Gusto
8.10.1 Gusto Overview
8.10.2 Key Stakeholders/Person in Gusto
8.10.3 Gusto Products Portfolio
8.10.4 Gusto Financial Overview
8.10.5 Gusto News/Recent Developments
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