Global Benefits Administration Software Market review

Benefits Administration Software Comprehensive Study by Application (Windows, Android Native, IOS Native) Players and Region - Global Market Outlook to 2026

Benefits Administration Software Market by XX Submarkets | Forecast Years 2022-2027 | CAGR: 8.6%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Industry Background:
Benefits administration software is a tool to manage the benefits which an organization gives to its employees. These software packages are among key attractors in order to hire new workforce or to retain the existing staff and are widely used by large enterprises.
According to AMA, the market for Benefits Administration Software is expected to register a CAGR of 8.6% during the forecast period to 2026. This growth is primarily driven by Growing Need to Provide Transparency to the Workforce and Need for Compliance with Federal and Local Regulations.

Globally, a noticeable market trend is evident Rising Demand of Outsourced Benefits Administration Software . The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as BambooHR [United States], Gusto [United States], Namely [United States], Zenefits [United States], Paycom [United States], EmpowerHR/Pay [United States], Ceridian [United States], TimeForge Scheduling [United States], PlanSource [United States] and Paycor [United States] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.

Regulatory Insights:
Benefits administration software must be designed in way to compliance with federal laws and local laws such as in the United States, Affordable Care Act (ACA) and the Health Insurance Portability and Accountability Act (HIPAA) adherence is required.

Market Drivers
  • Growing Need to Provide Transparency to the Workforce
  • Need for Compliance with Federal and Local Regulations

Market Trend
  • Rising Demand of Outsourced Benefits Administration Software
  • Inclination Towards Online (Digital) Solutions

Restraints
  • Issues Related with Scalability
  • Difficulty in Policy Switching

Opportunities
Growing Use in Medium and Small Scale Industries and Increasing Awareness Among Employees
Challenges
Need of an IT Specialist to Manage the System and Lack of Awareness and Budget Constraints in Small and Medium Enterprises

AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.

Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis

Against this Challenging Backdrop, Benefits Administration Software Study Sheds Light on
— The Benefits Administration Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Benefits Administration Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Benefits Administration Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.

Report Objectives / Segmentation Covered

By Application
  • Windows
  • Android Native
  • iOS Native
By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Growing Need to Provide Transparency to the Workforce
      • 3.2.2. Need for Compliance with Federal and Local Regulations
    • 3.3. Market Challenges
      • 3.3.1. Need of an IT Specialist to Manage the System
      • 3.3.2. Lack of Awareness and Budget Constraints in Small and Medium Enterprises
    • 3.4. Market Trends
      • 3.4.1. Rising Demand of Outsourced Benefits Administration Software
      • 3.4.2. Inclination Towards Online (Digital) Solutions
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Benefits Administration Software, by Application and Region (value and price ) (2015-2020)
    • 5.1. Introduction
    • 5.2. Global Benefits Administration Software (Value)
      • 5.2.1. Global Benefits Administration Software by: Application (Value)
        • 5.2.1.1. Windows
        • 5.2.1.2. Android Native
        • 5.2.1.3. IOS Native
      • 5.2.2. Global Benefits Administration Software Region
        • 5.2.2.1. South America
          • 5.2.2.1.1. Brazil
          • 5.2.2.1.2. Argentina
          • 5.2.2.1.3. Rest of South America
        • 5.2.2.2. Asia Pacific
          • 5.2.2.2.1. China
          • 5.2.2.2.2. Japan
          • 5.2.2.2.3. India
          • 5.2.2.2.4. South Korea
          • 5.2.2.2.5. Taiwan
          • 5.2.2.2.6. Australia
          • 5.2.2.2.7. Rest of Asia-Pacific
        • 5.2.2.3. Europe
          • 5.2.2.3.1. Germany
          • 5.2.2.3.2. France
          • 5.2.2.3.3. Italy
          • 5.2.2.3.4. United Kingdom
          • 5.2.2.3.5. Netherlands
          • 5.2.2.3.6. Rest of Europe
        • 5.2.2.4. MEA
          • 5.2.2.4.1. Middle East
          • 5.2.2.4.2. Africa
        • 5.2.2.5. North America
          • 5.2.2.5.1. United States
          • 5.2.2.5.2. Canada
          • 5.2.2.5.3. Mexico
    • 5.3. Global Benefits Administration Software (Price)
  • 6. Benefits Administration Software: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2020)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. BambooHR [United States]
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Gusto [United States]
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Namely [United States]
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Zenefits [United States]
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Paycom [United States]
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. EmpowerHR/Pay [United States]
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Ceridian [United States]
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. TimeForge Scheduling [United States]
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. PlanSource [United States]
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Paycor [United States]
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
  • 7. Global Benefits Administration Software Sale, by Application and Region (value and price ) (2021-2026)
    • 7.1. Introduction
    • 7.2. Global Benefits Administration Software (Value)
      • 7.2.1. Global Benefits Administration Software by: Application (Value)
        • 7.2.1.1. Windows
        • 7.2.1.2. Android Native
        • 7.2.1.3. IOS Native
      • 7.2.2. Global Benefits Administration Software Region
        • 7.2.2.1. South America
          • 7.2.2.1.1. Brazil
          • 7.2.2.1.2. Argentina
          • 7.2.2.1.3. Rest of South America
        • 7.2.2.2. Asia Pacific
          • 7.2.2.2.1. China
          • 7.2.2.2.2. Japan
          • 7.2.2.2.3. India
          • 7.2.2.2.4. South Korea
          • 7.2.2.2.5. Taiwan
          • 7.2.2.2.6. Australia
          • 7.2.2.2.7. Rest of Asia-Pacific
        • 7.2.2.3. Europe
          • 7.2.2.3.1. Germany
          • 7.2.2.3.2. France
          • 7.2.2.3.3. Italy
          • 7.2.2.3.4. United Kingdom
          • 7.2.2.3.5. Netherlands
          • 7.2.2.3.6. Rest of Europe
        • 7.2.2.4. MEA
          • 7.2.2.4.1. Middle East
          • 7.2.2.4.2. Africa
        • 7.2.2.5. North America
          • 7.2.2.5.1. United States
          • 7.2.2.5.2. Canada
          • 7.2.2.5.3. Mexico
    • 7.3. Global Benefits Administration Software (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Benefits Administration Software: by Application(USD Million)
  • Table 2. Benefits Administration Software Windows , by Region USD Million (2015-2020)
  • Table 3. Benefits Administration Software Android Native , by Region USD Million (2015-2020)
  • Table 4. Benefits Administration Software IOS Native , by Region USD Million (2015-2020)
  • Table 5. South America Benefits Administration Software, by Country USD Million (2015-2020)
  • Table 6. South America Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 7. Brazil Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 8. Argentina Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 9. Rest of South America Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 10. Asia Pacific Benefits Administration Software, by Country USD Million (2015-2020)
  • Table 11. Asia Pacific Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 12. China Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 13. Japan Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 14. India Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 15. South Korea Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 16. Taiwan Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 17. Australia Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 18. Rest of Asia-Pacific Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 19. Europe Benefits Administration Software, by Country USD Million (2015-2020)
  • Table 20. Europe Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 21. Germany Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 22. France Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 23. Italy Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 24. United Kingdom Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 25. Netherlands Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 26. Rest of Europe Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 27. MEA Benefits Administration Software, by Country USD Million (2015-2020)
  • Table 28. MEA Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 29. Middle East Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 30. Africa Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 31. North America Benefits Administration Software, by Country USD Million (2015-2020)
  • Table 32. North America Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 33. United States Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 34. Canada Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 35. Mexico Benefits Administration Software, by Application USD Million (2015-2020)
  • Table 36. Company Basic Information, Sales Area and Its Competitors
  • Table 37. Company Basic Information, Sales Area and Its Competitors
  • Table 38. Company Basic Information, Sales Area and Its Competitors
  • Table 39. Company Basic Information, Sales Area and Its Competitors
  • Table 40. Company Basic Information, Sales Area and Its Competitors
  • Table 41. Company Basic Information, Sales Area and Its Competitors
  • Table 42. Company Basic Information, Sales Area and Its Competitors
  • Table 43. Company Basic Information, Sales Area and Its Competitors
  • Table 44. Company Basic Information, Sales Area and Its Competitors
  • Table 45. Company Basic Information, Sales Area and Its Competitors
  • Table 46. Benefits Administration Software: by Application(USD Million)
  • Table 47. Benefits Administration Software Windows , by Region USD Million (2021-2026)
  • Table 48. Benefits Administration Software Android Native , by Region USD Million (2021-2026)
  • Table 49. Benefits Administration Software IOS Native , by Region USD Million (2021-2026)
  • Table 50. South America Benefits Administration Software, by Country USD Million (2021-2026)
  • Table 51. South America Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 52. Brazil Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 53. Argentina Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 54. Rest of South America Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 55. Asia Pacific Benefits Administration Software, by Country USD Million (2021-2026)
  • Table 56. Asia Pacific Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 57. China Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 58. Japan Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 59. India Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 60. South Korea Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 61. Taiwan Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 62. Australia Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 63. Rest of Asia-Pacific Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 64. Europe Benefits Administration Software, by Country USD Million (2021-2026)
  • Table 65. Europe Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 66. Germany Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 67. France Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 68. Italy Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 69. United Kingdom Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 70. Netherlands Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 71. Rest of Europe Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 72. MEA Benefits Administration Software, by Country USD Million (2021-2026)
  • Table 73. MEA Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 74. Middle East Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 75. Africa Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 76. North America Benefits Administration Software, by Country USD Million (2021-2026)
  • Table 77. North America Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 78. United States Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 79. Canada Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 80. Mexico Benefits Administration Software, by Application USD Million (2021-2026)
  • Table 81. Research Programs/Design for This Report
  • Table 82. Key Data Information from Secondary Sources
  • Table 83. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Benefits Administration Software: by Application USD Million (2015-2020)
  • Figure 5. South America Benefits Administration Software Share (%), by Country
  • Figure 6. Asia Pacific Benefits Administration Software Share (%), by Country
  • Figure 7. Europe Benefits Administration Software Share (%), by Country
  • Figure 8. MEA Benefits Administration Software Share (%), by Country
  • Figure 9. North America Benefits Administration Software Share (%), by Country
  • Figure 10. Global Benefits Administration Software share by Players 2020 (%)
  • Figure 11. Global Benefits Administration Software share by Players (Top 3) 2020(%)
  • Figure 12. Global Benefits Administration Software share by Players (Top 5) 2020(%)
  • Figure 13. BCG Matrix for key Companies
  • Figure 14. BambooHR [United States] Revenue, Net Income and Gross profit
  • Figure 15. BambooHR [United States] Revenue: by Geography 2020
  • Figure 16. Gusto [United States] Revenue, Net Income and Gross profit
  • Figure 17. Gusto [United States] Revenue: by Geography 2020
  • Figure 18. Namely [United States] Revenue, Net Income and Gross profit
  • Figure 19. Namely [United States] Revenue: by Geography 2020
  • Figure 20. Zenefits [United States] Revenue, Net Income and Gross profit
  • Figure 21. Zenefits [United States] Revenue: by Geography 2020
  • Figure 22. Paycom [United States] Revenue, Net Income and Gross profit
  • Figure 23. Paycom [United States] Revenue: by Geography 2020
  • Figure 24. EmpowerHR/Pay [United States] Revenue, Net Income and Gross profit
  • Figure 25. EmpowerHR/Pay [United States] Revenue: by Geography 2020
  • Figure 26. Ceridian [United States] Revenue, Net Income and Gross profit
  • Figure 27. Ceridian [United States] Revenue: by Geography 2020
  • Figure 28. TimeForge Scheduling [United States] Revenue, Net Income and Gross profit
  • Figure 29. TimeForge Scheduling [United States] Revenue: by Geography 2020
  • Figure 30. PlanSource [United States] Revenue, Net Income and Gross profit
  • Figure 31. PlanSource [United States] Revenue: by Geography 2020
  • Figure 32. Paycor [United States] Revenue, Net Income and Gross profit
  • Figure 33. Paycor [United States] Revenue: by Geography 2020
  • Figure 34. Global Benefits Administration Software: by Application USD Million (2021-2026)
  • Figure 35. South America Benefits Administration Software Share (%), by Country
  • Figure 36. Asia Pacific Benefits Administration Software Share (%), by Country
  • Figure 37. Europe Benefits Administration Software Share (%), by Country
  • Figure 38. MEA Benefits Administration Software Share (%), by Country
  • Figure 39. North America Benefits Administration Software Share (%), by Country
List of companies from research coverage that are profiled in the study
  • BambooHR [United States]
  • Gusto [United States]
  • Namely [United States]
  • Zenefits [United States]
  • Paycom [United States]
  • EmpowerHR/Pay [United States]
  • Ceridian [United States]
  • TimeForge Scheduling [United States]
  • PlanSource [United States]
  • Paycor [United States]
Additional players considered in the study are as follows:
BambooHR [United States] , bswift [United States] , BreatheHR [United Kingdom] , WEX Health, Inc [United States] , Workday, Inc [United States] , TRI-AD Actuaries [United States]
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Dec 2021 221 Pages 53 Tables Base Year: 2021 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The Benefits Administration Software market is expected to see a CAGR of 8.6% during projected year 2020 to 2026.
Top performing companies in the Global Benefits Administration Software market are BambooHR [United States], Gusto [United States], Namely [United States], Zenefits [United States], Paycom [United States], EmpowerHR/Pay [United States], Ceridian [United States], TimeForge Scheduling [United States], PlanSource [United States] and Paycor [United States], to name a few.
North America is dominating the Benefits Administration Software Market.

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