-- The Study discussed brief overview and in-depth assessment on Global Benefits Administration Software Market 2018 including key market trends,upcoming technologies,industry drivers,challenges,regulatory policies,with key company profiles and overall competitive scenario.The market study can help them to make critical business decisions on production techniques,raw materials procurement,and to increase industry chain cycle of market across the globe.
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This report studies the Benefits Administration Software market, Benefits administration is the process of establishing, maintaining, and managing benefits for the employees of an organization. Employee benefits typically include medical insurance, pension plans, individual retirement accounts (IRAs), vacation time, sick time, and maternity leave. Numerous vendors offer software that can assist benefits administrators.
A good benefits administration program creates and maintains an enrolment profile for every employee, keeping track of information such as the date hired, marital status, number of dependents, total hours worked, and attendance records. The program offers flexibility, taking into account special employee needs, part-time and temporary hires, and changes in government regulations. The benefits administration program can function in tandem with tax preparation software, ensuring that all allowable deductions are taken and maintaining detailed records for reference in case of an audit.
Benefits Administration Software can be classified to cloud-based and on-promise type, and the cloud-based type is leading the growing market at present with the share of 57.06% in 2017.
Benefits Administration Software is mainly used for three applications: Small Business, Medium-sized Business and Large Business. And Large Business was the most widely used area which took up about 48.23% of the global total in 2017.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
On-Premise
Cloud-Based
Segmentation by application:
Small Business
Medium-sized Business
Large Business
United States is the largest consumption countries of Benefits Administration Software in the world in the past few years and it will keep increasing in the next few years. United States market took up about 57.82% the global market in 2017, while Europe was about 15.99%.
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Over the next five years, LPI(LP Information) projects that Benefits Administration Software will register a 8.0% CAGR in terms of revenue, reach US$ 1030 million by 2023, from US$ 650 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Benefits Administration Software market by product type, application, key companies and key regions.
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
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
ADP
Workday
WEX Health
Benefitfocus
Bswift
Namely
Zenefits
Paycom
EmpowerHR/Pay
Ceridian
PlanSource
Paycor
Gusto
BambooHR
BreatheHR
Zane Benefits
Research objectives
• To study and analyze the global Benefits Administration Software consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
• To understand the structure of Benefits Administration Software market by identifying its various subsegments.
• Focuses on the key global Benefits Administration Software manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Benefits Administration Software 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).
• To project the consumption of Benefits Administration Software submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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Some of Major Point From TOC of Global Benefits Administration Software Market 2018
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Benefits Administration Software Market Size 2013-2023
2.1.2 Benefits Administration Software Market Size CAGR by Region
2.2 Benefits Administration Software Segment by Type
2.2.1 On-Premise
2.2.2 Cloud-Based
2.3 Benefits Administration Software Market Size by Type
2.3.1 Global Benefits Administration Software Market Size Market Share by Type (2013-2018)
2.3.2 Global Benefits Administration Software Market Size Growth Rate by Type (2013-2018)
2.4 Benefits Administration Software Segment by Application
2.4.1 Small Business
2.4.2 Medium-sized Business
2.4.3 Large Business
2.5 Benefits Administration Software Market Size by Application
2.5.1 Global Benefits Administration Software Market Size Market Share by Application (2013-2018)
2.5.2 Global Benefits Administration Software Market Size Growth Rate by Application (2013-2018)
Continued...
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Organization: Orbis Research
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Release ID: 412625
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