The HR and Payroll Software industry has experienced robust growth thanks to increased private investment in software and the need for businesses to cut costs as a result of the slow recovery following the recession. Continuing this trend, the industry will benefit from rising corporate profit, which will encourage investment in information technology infrastructure. Furthermore, improvements in the labor market will ultimately represent an opportunity for industry players.
This industry develops software for the purpose of human resource and payroll management. This service is provided online or through proprietary software.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.