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LAMEA Cloud Based Payroll Software Market Size, Share & Trends Analysis Report By Component (Software and Services), By Organization Size (Small & Medium Enterprises and Large Enterprises), By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 116 Pages
  • March 2025
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6058239
The Latin America, Middle East and Africa Cloud Based Payroll Software Market is expected to witness market growth of 9.4% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Cloud Based Payroll Software Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $331.2 million by 2031. The Argentina market is showcasing a CAGR of 10% during 2024-2031. Additionally, the UAE market would register a CAGR of 8.2% during 2024-2031.



The expansion of multi-country payroll solutions directly responds to globalization and the increasing trend of remote hiring. Businesses across multiple countries face challenges handling different tax regulations, labor laws, and currency exchanges, making traditional payroll systems inefficient. Cloud-based payroll platforms simplify this complexity by automating multi-currency salary processing, tax deductions, and compliance tracking, ensuring accurate payments across different regions.

Furthermore, cloud-based multi-country payroll solutions consolidate payroll operations into a centralized system, enabling HR teams to seamlessly manage salaries, tax filings, and compliance requirements across multiple locations. Companies like Google and Microsoft, which employ workers globally, rely on such systems to track payroll expenses and generate unified reports for financial planning.

The LAMEA region is experiencing significant growth in cloud-based payroll software adoption, driven by industry-specific automation needs and government-led digital transformation initiatives. The manufacturing sector in the UAE and the broader Middle East is witnessing a surge in cloud-based payroll adoption, fueled by rapid industrial expansion and workforce digitalization initiatives. According to the International Trade Administration, the Abu Dhabi Department of Economic Development (ADDED) launched a Smart Manufacturing initiative in October 2021 to drive economic diversification and attract foreign investments. This initiative aligns with the UAE’s federal Industry 4.0 strategy, which aims to increase manufacturing output by 30% and contribute $6.8 billion to GDP by 2031. Additionally, the Wages Protection System (WPS), mandated by the UAE Ministry of Human Resources and Emiratisation (MOHRE), requires businesses to process salaries through secure, automated payroll platforms, pushing manufacturers to adopt cloud-based payroll solutions. Hence, with businesses seeking efficient, secure, and legally compliant payroll management, the LAMEA cloud based payroll software market is poised for substantial growth in the coming years.

List of Key Companies Profiled

  • ADP, Inc.
  • The Sage Group plc
  • Unit4 N.V. (Advent International)
  • TELUS International
  • SAP SE
  • Iris Software Group Limited
  • UKG Inc.
  • Oracle Corporation
  • Paycom Software, Inc.
  • Dayforce, Inc.

Market Report Segmentation

By Component

  • Software
  • Services

By Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

By Industry Vertical

  • BFSI
  • Manufacturing
  • Telecom & IT
  • Healthcare
  • Retail
  • Hospitality
  • Other Industry Vertical

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Cloud Based Payroll Software Market, by Component
1.4.2 LAMEA Cloud Based Payroll Software Market, by Organization Size
1.4.3 LAMEA Cloud Based Payroll Software Market, by Industry Vertical
1.4.4 LAMEA Cloud Based Payroll Software Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Cloud Based Payroll Software Market
4.3 Porter Five Forces Analysis
Chapter 5. LAMEA Cloud Based Payroll Software Market by Component
5.1 LAMEA Software Market by Country
5.2 LAMEA Services Market by Country
Chapter 6. LAMEA Cloud Based Payroll Software Market by Organization Size
6.1 LAMEA Small & Medium Enterprises Market by Country
6.2 LAMEA Large Enterprises Market by Country
Chapter 7. LAMEA Cloud Based Payroll Software Market by Industry Vertical
7.1 LAMEA BFSI Market by Country
7.2 LAMEA Manufacturing Market by Country
7.3 LAMEA Telecom & IT Market by Country
7.4 LAMEA Healthcare Market by Country
7.5 LAMEA Retail Market by Country
7.6 LAMEA Hospitality Market by Country
7.7 LAMEA Other Industry Vertical Market by Country
Chapter 8. LAMEA Cloud Based Payroll Software Market by Country
8.1 Brazil Cloud Based Payroll Software Market
8.1.1 Brazil Cloud Based Payroll Software Market by Component
8.1.2 Brazil Cloud Based Payroll Software Market by Organization Size
8.1.3 Brazil Cloud Based Payroll Software Market by Industry Vertical
8.2 Argentina Cloud Based Payroll Software Market
8.2.1 Argentina Cloud Based Payroll Software Market by Component
8.2.2 Argentina Cloud Based Payroll Software Market by Organization Size
8.2.3 Argentina Cloud Based Payroll Software Market by Industry Vertical
8.3 UAE Cloud Based Payroll Software Market
8.3.1 UAE Cloud Based Payroll Software Market by Component
8.3.2 UAE Cloud Based Payroll Software Market by Organization Size
8.3.3 UAE Cloud Based Payroll Software Market by Industry Vertical
8.4 Saudi Arabia Cloud Based Payroll Software Market
8.4.1 Saudi Arabia Cloud Based Payroll Software Market by Component
8.4.2 Saudi Arabia Cloud Based Payroll Software Market by Organization Size
8.4.3 Saudi Arabia Cloud Based Payroll Software Market by Industry Vertical
8.5 South Africa Cloud Based Payroll Software Market
8.5.1 South Africa Cloud Based Payroll Software Market by Component
8.5.2 South Africa Cloud Based Payroll Software Market by Organization Size
8.5.3 South Africa Cloud Based Payroll Software Market by Industry Vertical
8.6 Nigeria Cloud Based Payroll Software Market
8.6.1 Nigeria Cloud Based Payroll Software Market by Component
8.6.2 Nigeria Cloud Based Payroll Software Market by Organization Size
8.6.3 Nigeria Cloud Based Payroll Software Market by Industry Vertical
8.7 Rest of LAMEA Cloud Based Payroll Software Market
8.7.1 Rest of LAMEA Cloud Based Payroll Software Market by Component
8.7.2 Rest of LAMEA Cloud Based Payroll Software Market by Organization Size
8.7.3 Rest of LAMEA Cloud Based Payroll Software Market by Industry Vertical
Chapter 9. Company Profiles
9.1 ADP, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.1 Research & Development Expense
9.1.2 Recent Strategies and Developments
9.1.2.1 Partnerships, Collaborations, and Agreements
9.1.2.2 Product Launches and Product Expansions
9.2 The Sage Group plc
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent Strategies and Developments
9.2.5.1 Product Launches and Product Expansions
9.2.6 SWOT Analysis
9.3 Unit4 N.V. (Advent International)
9.3.1 Company Overview
9.3.2 Recent Strategies and Developments
9.3.2.1 Acquisition and Mergers
9.4 TELUS International
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 SAP SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent Strategies and Developments
9.5.5.1 Partnerships, Collaborations, and Agreements
9.5.6 SWOT Analysis
9.6 IRIS Software Group Limited
9.6.1 Company Overview
9.6.2 Recent Strategies and Developments
9.6.2.1 Acquisition and Mergers
9.7 UKG, Inc.
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 Oracle Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Paycom Software, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Research & Development Expenses
9.10. Dayforce, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent Strategies and Developments
9.10.5.1 Product Launches and Product Expansions
9.10.5.2 Acquisition and Mergers
9.10.6 SWOT Analysis

Companies Mentioned

  • ADP, Inc.
  • The Sage Group plc
  • Unit4 N.V. (Advent International)
  • TELUS International
  • SAP SE
  • Iris Software Group Limited
  • UKG Inc.
  • Oracle Corporation
  • Paycom Software, Inc.
  • Dayforce, Inc.

Methodology

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