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The benefits administration software market is forecasted to grow by USD 1.57 billion during 2023-2028, accelerating at a CAGR of 10.83% during the forecast period. The report on the benefits administration software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising shift toward cloud-based solutions, increasing complexity of benefits packages, and growing need for cost optimization.
The benefits administration software market is segmented as below:
By Deployment
- Cloud based
- On-premises
By End-user
- Large enterprises
- Small and medium enterprises
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the benefits administration software market covers the following areas:
- Benefits administration software market sizing
- Benefits administration software market forecast
- Benefits administration software market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by Deployment
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global benefits administration software market: Accelalpha Inc., Automatic Data Processing Inc., Bamboo HR LLC, Benefitfocus.com Inc., Benify AB, Businessolver, Dayforce Inc., Deel Inc, ELMO Software Ltd., EmPower HR, Gusto, Mercer LLC, Namely Inc., Paycom Software Inc., Paycor HCM Inc., PlanSource, Rippling People Center Inc., TELUS Corp., WEX Inc., and Workday Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing demand for user-friendly, mobile-accessible platforms."
According to the report, one of the major drivers for this market is the rising shift toward cloud-based solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accelalpha Inc.
- Automatic Data Processing Inc.
- Bamboo HR LLC
- Benefitfocus.com Inc.
- Benify AB
- Businessolver
- Dayforce Inc.
- Deel Inc
- ELMO Software Ltd.
- EmPower HR
- Gusto
- Mercer LLC
- Namely Inc.
- Paycom Software Inc.
- Paycor HCM Inc.
- PlanSource
- Rippling People Center Inc.
- TELUS Corp.
- WEX Inc.
- Workday Inc.
