2018-2023 Global Benefits Administration Software Market Report (Status and Outlook)
In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Benefits Administration Software market for 2018-2023.
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.
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%.
Over the next five years, LPI(LP Information) projects that Benefits Administration Software will register a 8.0% CAGR in terms of revenue, reach US$ 1030 million by 2023, from US$ 650 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Benefits Administration Software market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
On-Premise
Cloud-Based
Segmentation by application:
Small Business
Medium-sized Business
Large Business
We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
ADP
Workday
WEX Health
Benefitfocus
bswift
Namely
Zenefits
Paycom
EmpowerHR/Pay
Ceridian
PlanSource
Paycor
Gusto
BambooHR
BreatheHR
Zane Benefits
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Benefits Administration Software market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Benefits Administration Software market by identifying its various subsegments.
Focuses on the key global Benefits Administration Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Benefits Administration Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Benefits Administration Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2018-2023 Global Benefits Administration Software Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Benefits Administration Software Market Size 2013-2023
2.1.2 Benefits Administration Software Market Size CAGR by Region
2.2 Benefits Administration Software Segment by Type
2.2.1 On-Premise
2.2.2 Cloud-Based
2.3 Benefits Administration Software Market Size by Type
2.3.1 Global Benefits Administration Software Market Size Market Share by Type (2013-2018)
2.3.2 Global Benefits Administration Software Market Size Growth Rate by Type (2013-2018)
2.4 Benefits Administration Software Segment by Application
2.4.1 Small Business
2.4.2 Medium-sized Business
2.4.3 Large Business
2.5 Benefits Administration Software Market Size by Application
2.5.1 Global Benefits Administration Software Market Size Market Share by Application (2013-2018)
2.5.2 Global Benefits Administration Software Market Size Growth Rate by Application (2013-2018)
3 Global Benefits Administration Software by Players
3.1 Global Benefits Administration Software Market Size Market Share by Players
3.1.1 Global Benefits Administration Software Market Size by Players (2016-2018)
3.1.2 Global Benefits Administration Software Market Size Market Share by Players (2016-2018)
3.2 Global Benefits Administration Software Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Benefits Administration Software by Regions
4.1 Benefits Administration Software Market Size by Regions
4.2 Americas Benefits Administration Software Market Size Growth
4.3 APAC Benefits Administration Software Market Size Growth
4.4 Europe Benefits Administration Software Market Size Growth
4.5 Middle East & Africa Benefits Administration Software Market Size Growth
5 Americas
5.1 Americas Benefits Administration Software Market Size by Countries
5.2 Americas Benefits Administration Software Market Size by Type
5.3 Americas Benefits Administration Software Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Benefits Administration Software Market Size by Countries
6.2 APAC Benefits Administration Software Market Size by Type
6.3 APAC Benefits Administration Software Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Benefits Administration Software by Countries
7.2 Europe Benefits Administration Software Market Size by Type
7.3 Europe Benefits Administration Software Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Benefits Administration Software by Countries
8.2 Middle East & Africa Benefits Administration Software Market Size by Type
8.3 Middle East & Africa Benefits Administration Software Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Benefits Administration Software Market Forecast
10.1 Global Benefits Administration Software Market Size Forecast (2018-2023)
10.2 Global Benefits Administration Software Forecast by Regions
10.2.1 Global Benefits Administration Software Forecast by Regions (2018-2023)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Benefits Administration Software Forecast by Type
10.8 Global Benefits Administration Software Forecast by Application
11 Key Players Analysis
11.1 ADP
11.1.1 Company Details
11.1.2 Benefits Administration Software Product Offered
11.1.3 ADP Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 ADP News
11.2 Workday
11.2.1 Company Details
11.2.2 Benefits Administration Software Product Offered
11.2.3 Workday Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 Workday News
11.3 WEX Health
11.3.1 Company Details
11.3.2 Benefits Administration Software Product Offered
11.3.3 WEX Health Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 WEX Health News
11.4 Benefitfocus
11.4.1 Company Details
11.4.2 Benefits Administration Software Product Offered
11.4.3 Benefitfocus Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.4.4 Main Business Overview
11.4.5 Benefitfocus News
11.5 bswift
11.5.1 Company Details
11.5.2 Benefits Administration Software Product Offered
11.5.3 bswift Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.5.4 Main Business Overview
11.5.5 bswift News
11.6 Namely
11.6.1 Company Details
11.6.2 Benefits Administration Software Product Offered
11.6.3 Namely Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.6.4 Main Business Overview
11.6.5 Namely News
11.7 Zenefits
11.7.1 Company Details
11.7.2 Benefits Administration Software Product Offered
11.7.3 Zenefits Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.7.4 Main Business Overview
11.7.5 Zenefits News
11.8 Paycom
11.8.1 Company Details
11.8.2 Benefits Administration Software Product Offered
11.8.3 Paycom Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.8.4 Main Business Overview
11.8.5 Paycom News
11.9 EmpowerHR/Pay
11.9.1 Company Details
11.9.2 Benefits Administration Software Product Offered
11.9.3 EmpowerHR/Pay Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.9.4 Main Business Overview
11.9.5 EmpowerHR/Pay News
11.10 Ceridian
11.10.1 Company Details
11.10.2 Benefits Administration Software Product Offered
11.10.3 Ceridian Benefits Administration Software Revenue, Gross Margin and Market Share (2016-2018)
11.10.4 Main Business Overview
11.10.5 Ceridian News
11.11 PlanSource
11.12 Paycor
11.13 Gusto
11.14 BambooHR
11.15 BreatheHR
11.16 Zane Benefits
12 Research Findings and Conclusion
