Overview Of Online Payroll Services Market
If your small business has employees, the main concern is to ensure that they receive timely and accurate compensation. Online payroll service allows you to manage your payroll yourself without having to hire a third party service
With the online payroll service, you can quickly extract information or perform calculations
Once you set up your online system, it only takes a few minutes to start the payroll. Your main task is to simply enter the number of hours each employee works each week and the system will do the rest.
Online payroll eliminates the need to hire an external payroll service or assign tasks to your employees, which helps reduce costs. By performing weekly updates yourself, you can reduce labor costs while saving little time from other features. As a business owner, any way to reduce costs can have a major impact on your profits.
The online payroll system allows you to manage payrolls at your convenience. If necessary, you can enter information at the last minute before you need to meet the payroll. You can also get information at any time without waiting for a third party to answer any questions.
Manual payroll systems typically require at least one person to export or manually calculate time and attendance information, calculate tax and benefit withholding taxes, prepare salaries, and submit forms to the IRS. This process can take several hours and must be completed during each payment period. Typically, online payroll services automatically perform these tasks, or, with approval, take only a few seconds and a few clicks.
The Online Payroll Services market revenue was xx.xx Million USD in 2019, and will reach xx.xx Million USD in 2027, with a CAGR of x.x% during 2021-2027.
Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status (2015-2021), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2021-2027), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to end users of this industry are analyzed scientifically, the trends of product circulation and sales channel will be presented as well. Considering COVID-19, this report provides comprehensive and in-depth analysis on how the epidemic push this industry transformation and reform.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: PAYweb, ADP, OnPay, APS, BenefitMall, Intuit, MyPayrollHR, SurePayroll (Paychex), Gusto, IOIPay, Coastal Human Resource Group, Square, PayUSA
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In Chapter 4 and 14.1, on the basis of types, the Online Payroll Services market from 2016 to 2027 is primarily split into:
Basic Payroll Services
Enhanced Payroll Services
Full Service Payroll Services
In Chapter 5 and 14.2, on the basis of applications, the Online Payroll Services market from 2016 to 2027 covers:
Years considered for this report:
Historical Years: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2021-2027
This report also splits the market by region: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries
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Additionally, the information on the latest developments in this Online Payroll Services market, both, at the global as well as regional level, is expected to enhance the decision-making capability of the reader. Up-to-date information on various specifications, buyer analysis, their purchasing volume, prices, and price analysis, and deep insights on the leading suppliers have also been provided in this study for the readers.
- To study and analyze the global Online Payroll Services consumption (value & volume) by key regions/countries, product type and application, history data from 2016 to 2021, and forecast to 2027.
- To understand the structure of the Online Payroll Services market by identifying its various sub-segments.
- Focuses on the key global Online Payroll Services manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Online Payroll Services with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Overall the report offers detailed coverage of Online Payroll Services industry and presents main market trends. This research gives historical and forecasts market size, demand and production forecasts, end use demand details, price trends, and company shares of the leading Online Payroll Services producers to provide exhaustive coverage of the market.
Table of Content
1 Online Payroll Services Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Online Payroll Services
1.3 Scope of The Study
1.3.1 Key Market Segments
1.3.2 Players Covered
1.3.3 COVID-19’s impact on the Online Payroll Services industry
1.4 Methodology of The Study
1.5 Research Data Source
2 Executive Summary
2.1 Market Overview
2.1.1 Global Online Payroll Services Market Size, 2015 – 2020
2.2 Business Environment Analysis
2.2.1 Global COVID-19 Status and Economic Overview
2.2.2 Influence of COVID-19 Outbreak on Online Payroll Services Industry Development
3 Industry Chain Analysis
3.1 Upstream Raw Material Suppliers of Online Payroll Services Analysis
3.2 Major Players of Online Payroll Services
4 Global Online Payroll Services Market, by Type
4.1 Global Online Payroll Services Value and Market Share by Type (2015-2020)
4.2 Global Online Payroll Services Production and Market Share by Type (2015-2020)
5 Online Payroll Services Market, by Application
5.1 Downstream Market Overview
5.2 Global Online Payroll Services Consumption and Market Share by Application (2015-2020)
6 Global Online Payroll Services Market Analysis by Regions
6.1 Global Online Payroll Services Sales, Revenue and Market Share by Regions
6.2 North America Online Payroll Services Sales and Growth Rate (2015-2020)
7 North America Online Payroll Services Market Analysis by Countries
7.1 The Influence of COVID-19 on North America Market
7.2 North America Online Payroll Services Sales, Revenue and Market Share by Countries
8 Europe Online Payroll Services Market Analysis by Countries
8.1 The Influence of COVID-19 on Europe Market
8.2 Europe Online Payroll Services Sales, Revenue and Market Share by Countries
9 Asia Pacific Online Payroll Services Market Analysis by Countries
9.1 The Influence of COVID-19 on Asia Pacific Market
9.2 Asia Pacific Online Payroll Services Sales, Revenue and Market Share by Countries
10 Middle East and Africa Online Payroll Services Market Analysis by Countries
10.1 The Influence of COVID-19 on Middle East and Africa Market
10.2 Middle East and Africa Online Payroll Services Sales, Revenue and Market Share by Countries
11 South America Online Payroll Services Market Analysis by Countries
11.1 The Influence of COVID-19 on Middle East and Africa Market
11.2 South America Online Payroll Services Sales, Revenue and Market Share by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Online Payroll Services Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
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