Market Snapshot:
Multi-country payroll software manages payroll processing activities across multiple countries. These solutions are used to create and implement payroll processing rules for numerous countries. Multi-country payroll also helps companies comply with internal policies and national or international regulations regarding payroll. HR departments of multinational companies usually implement multi-country payroll software to improve the accuracy of payroll across the company. Multi-country payroll can be deployed as part of a human capital management suite or HR management suite, or as a standalone product.
Highlights from Multicountry Payroll Solutions Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.2% |
The key Players profiled in the report are Ceridian Dayforce Corporation (Canada), Workday HCM (United States), Oracle (United States), SAP (Germany), ADP, LLC (United States), Immedis (Ireland), Blue Marble Global Payroll (United States), Unit4(Netherland), Ramco (India) and CloudPay (United States). Additionally, other players that are part of this comprehensive study are Deel (United States) and Activ8 Technologies (Australia).
Geographic Breakdown and Segment Analysis
The Global Multicountry Payroll Solutions market presents a comprehensive analysis of the Multicountry Payroll Solutions market by end-user/application (Large Enterprises and SMEs), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Multicountry Payroll Solutions industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Multicountry Payroll Solutions market
Analyst at AMA have segmented the market study of Global Multicountry Payroll Solutions market by Type, Application and Region.
Influencing Trend:
Technology and cloud-based platforms are expanding and elevating the payroll function
Market Growth Drivers:
Demand for Multicountry payroll solutions owing to the rise in the number of working people in different location across the globe
Challenges:
Fast-growing businesses across the foreign regions
Restraints:
Businesses with employees in different markets around the globe, therefore, have a responsibility to ensure they meet the latest rules and regulations
Opportunities:
The increasing use of Cloud technology enabling global organizations to have one payroll processing platform for all domestic and international employees.
Market Developments Activities:
In July 2023 ,UKG, a Brandon Hall Group™ Smartchoice® Preferred Provider, has announced the completion of the acquisition of Immedis, a leading global payroll provider.
In November 2022 , Immedis is delighted to formally announce the launch of One View, a standalone software as a service (SaaS) solution for delivering a unified global payroll reporting and employee experience. The One View product is a groundbreaking solution to a common point of friction for organizations who pay employees across several countries through a mixture of in-country payroll processing methods and providers.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Multi-country Payroll Solutions Providers, Government Regulatory and Research Organizations and End-Use Industry