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The North America Cloud-based Payroll Software Market would witness market growth of 4.7% 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 cloud-based payroll solution has a very easy payment model. Pay-as-you-go subscription model is widely used making the planning of payroll processes and HR policies much easier. Cloud-based model also enables importing and storing of payroll data, tax, and employee details seamlessly. Therefore, the cloud-based deployment is cost effective, and offers predictable & flexible budgeting for large enterprises and SMEs.
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Based on Organization Sizes, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Verticals, the North America Cloud-based Payroll Software market segments the market into Retail, BFSI, Healthcare, Manufacturing, Telecom & IT, and Others. Based on Countries, the North America Cloud-based Payroll Software market segments the market into US, Mexico, Canada, and Rest of North America.
The market research report covers competition analysis of key stake holders of the North America 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.