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The Asia Pacific Cloud-based Payroll Software Market would witness market growth of 8% CAGR during the forecast period (2017 ? 2023). Cloud-based payroll software is used to track the data so gathered, which is then used to calculate salary compensation of the employees. The cloud-based payroll software is superior to on-premises software and offers benefits such as cost-effectiveness.
The on-premise solution is a highly cost-effective solution, and the initial investments are much lower as compared to the on-premises model. The end users of cloud-based payroll software market are retail, healthcare, manufacturing, BFSI, and others. The manufacturing sector has witnessed the highest adoption of cloud-based payroll software over other end-users.
The cloud-based payroll software market is driven due to features such as secured cloud backup of data, ease of system enhancements & updates, and advantages over on-premise solutions. Based on Organization Sizes, the market report segments the market into Small & Medium Enterprises and Large Enterprises.
Based on Verticals, the Asia Pacific Cloud-based Payroll Software market segments the market into Retail, BFSI, Healthcare, Manufacturing, Telecom & IT, and Others. Based on Countries, the Asia Pacific Cloud-based Payroll Software market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers competition analysis of key stakeholders of the Asia Pacific Cloud-based Payroll Software Market. Key companies profiled in the report include ADP, Inc., Ascentis HR Software, Morneau Shepell Inc. (Ceridian HCM, Inc.), Unit4 (FinancialForce Software), Iris Software Group Limited, Kronos Incorporated, Oracle Corporation, Paycom Software, Inc., Sage Group, and Zenefits Software.