MarketResearchNest.com
adds “Global Benefits Administration
Software Market 2019 by Company, Regions, Type and Application, Forecast to
2024”new report to its research database.
This report studies the Benefits Administration Software
market, Benefits administration is the process of establishing, maintaining,
and managing benefits for the employees of an organization. Employee benefits
typically include medical insurance, pension plans, individual retirement
accounts (IRAs), vacation time, sick time, and maternity leave. Numerous
vendors offer software that can assist benefits administrators.
A good benefits administration program creates and maintains
an enrolment profile for every employee, keeping track of information such as
the date hired, marital status, number of dependents, total hours worked, and
attendance records. The program offers flexibility, taking into account special
employee needs, part-time and temporary hires, and changes in government
regulations. The benefits administration program can function in tandem with
tax preparation software, ensuring that all allowable deductions are taken and
maintaining detailed records for reference in case of an audit.
Scope of the Report:
Benefits Administration Software can be classified to
cloud-based and on-promise type, and the cloud-based type is leading the
growing market at present with the share of 57.06% in 2017.
Benefits Administration Software is mainly used for three
applications: Small Business, Medium-sized Business and Large Business. And
Large Business was the most widely used area which took up about 48.23% of the
global total in 2017.
United States is the largest consumption countries of
Benefits Administration Software in the world in the past few years and it will
keep increasing in the next few years. United States market took up about
57.82% the global market in 2017, while Europe was about 15.99%.
The global Benefits Administration Software market is valued
at 650 million USD in 2018 and is expected to reach 1030 million USD by the end
of 2024, growing at a CAGR of 8.0% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in
following years, especially in China, also fast growing India and Southeast
Asia regions.
North America, especially The United States, will still play
an important role which cannot be ignored. Any changes from United States might
affect the development trend of Benefits Administration Software.
Europe also play important roles in global market, with
market size of xx million USD in 2019 and will be xx million USD in 2024, with
a CAGR of xx%.
This report studies the Benefits Administration Software
market status and outlook of Global and major regions, from angles of players,
countries, product types and end industries; this report analyzes the top
players in global market, and splits the Benefits Administration Software
market by product type and applications/end industries.
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Research Report @
Market Segment by
Companies, this report covers
·
ADP
·
Workday
·
WEX Health
·
Benefitfocus
·
bswift
·
Namely
·
Zenefits
·
Paycom
·
EmpowerHR/Pay
·
Ceridian
·
PlanSource
·
Paycor
·
Gusto
·
BambooHR
·
BreatheHR
·
Zane Benefits
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with in-depth TOC @
Market Segment by
Type, covers
·
On-Premise
·
Cloud-Based
Market Segment by
Applications, can be divided into
·
Small
Business
·
Medium-sized
Business
·
Large Business
Market Segment by
Regions, regional analysis covers
·
North
America (United States, Canada and Mexico)
·
Europe (Germany,
France, UK, Russia and Italy)
·
Asia-Pacific
(China, Japan, Korea, India and Southeast Asia)
·
South
America (Brazil, Argentina, Colombia etc.)
·
Middle
East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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