Benefits Administration Software Market Size by Global Industry Analysis 2018 and Forecast to 2023 by Revenue, Type, Application And Growth
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.
Over the next five years 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.
Global Benefits Administration Software Market research report 2018 and forecast to 2023 providing a complete analysis of the market size, share, growth, trend, demand, outlook, classification revenue details, competitive scenario, industry Analysis, markets forecast, manufacturers, type, application.
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%.
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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 Manufacturers, this report covers:
• ADP
• Workday
• WEX Health
• Benefitfocus
• bswift
• Namely
• Zenefits
• Paycom and More....
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Research objectives
• 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). and More…
Table of Contents
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
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
TOC Continued….!
Tables And Figures
• Table Product Specifications of Benefits Administration Software
• Figure Benefits Administration Software Report Years Considered
• Figure Market Research Methodology
• Figure Global Benefits Administration Software Market Size Growth Rate 2013-2023 ($ Millions)
• Table Benefits Administration Software Market Size CAGR by Region 2013-2023 ($ Millions)
• Table Major Players of On-Premise
• Table Major Players of Cloud-Based
• Table Market Size by Type (2013-2018) ($ Millions)
• Table Global Benefits Administration Software Market Size Market Share by Type (2013-2018) and More….
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