Top Companies in HR Payroll Software Market | Top Players Market Insights, Company Size & Share, Growth rate, Historical data | Vantage Market Research

HR Payroll Software specifically designed to help businesses pay employees' salaries when their task is over is known as HR payroll software.

Top Companies in HR Payroll Software Market | Top Players Market Insights, Company Size & Share, Growth rate, Historical data | Vantage Market Research
hr payroll software market

Market Overview:

The Global HR Payroll Software Market was valued at USD 25.1 Billion in the year 2021 and is forecast to reach a value of USD 46.6 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 10.9% over the forecast period. HR Payroll Software is a platform that helps firms pay their employees' wages after a task is completed. The HR Payroll Software industry stimulates growth by offering wage increases, bonus payments, recruiting, holiday breaks, benefit deductions, firing workers, and other services. Furthermore, customers may produce and distribute pay slips with a single tap in the HR Payroll Software industry. It provides checklist-driven payroll processing in under a minute and an exact reconciliation feature that enable businesses to send paychecks quickly and accurately. In addition, to maintain track of sensitive information such as home addresses, financial data, employee data, and social security numbers. The use of payroll and HR software protects data and helps companies access, administer, process, and manage their payroll and HR tasks. For example, an organization's HR department may track the hours each person has worked with the appropriate setup of Cloud-based Payroll Software. This data is utilized to compute wage compensation.

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Some of the key players operating in the HR Payroll Software Market are listed below:

Company Name

Revenue in the US

  • Ultimate Software

<5 Millions

  • SAP

$31 Billion

  • Oracle

$41 Billion

  • ADP

$15 Billion

  • SumTotal Systems Inc

$167 Million

  • Epicore

$836 Million

  • Sage

$2 Billion

  • Patriot Payroll

$31 Million

  • Ascentis

$76 Million

  • Vibe HCM

<5 Millions

  1. Ultimate Software

Ultimate Software was founded in the year 1990. Top Software headquarters are located in Weston, Florida, United States. In Ultimate Software, the total employees are 5,144. The company's principal activity has been unchanged since last year and consists of developing and selling information technology systems.

  1. SAP

SAP headquarters are located in Walldorf, Germany. SAP was founded on 1 April 1972 in Weinheim, Germany. The total number of employees is close to 1,07 thousand. Revenue generated 2,755.3 crores EUR. SAP SE is a multinational software company. The company develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services. SAP markets its products and services worldwide. 

  1. Oracle

Oracle headquarters are located in Austin, Texas, United States. Oracle was founded on 16 June 1977 in Santa Clara, California, United States. Total no of employees 340,000 Oracle Corporation supplies software for enterprise information management. In addition, the company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle's software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers. 

  1. ADP

ADP headquarters is located in Roseland, New Jersey, United States. ADP was founded in 1949 in Paterson, New Jersey, United States. The total number of employees is 58 thousand. Revenue generated 1,459 crores USD. Automatic Data Processing; Inc. is a global provider of business outsourcing solutions. The company's services include various human resources, payroll, tax, and benefits administration solutions. In addition, automatic Data also provides solutions to auto, truck, motorcycle, marine, and recreational vehicle dealers.

  1. SumTotal Systems Inc

SumTotal Systems Inc.'s headquarters is in Gainesville, Florida, United States. SumTotal Systems Inc was founded in the year 1985. SumTotal Systems, Inc. develops enterprise learning management software and services. The company's flagship product integrates learning, performance management, analytical tools, and virtual classroom capabilities. SumTotal Systems serves healthcare, manufacturing, finance, retail, government, and education industries worldwide.

  1. Epicore

Epicore is headquartered located in Austin, Texas, United States. Epicore was founded in 1972. The total number of employees is 4,800. Epicor Software Corporation designs, develops and distributes software solutions. The company offers enterprise resource planning, manufacturing execution, and distribution software. Epicor Software serves manufacturing, distribution, retail, hospitality, and services organizations.

  1. Sage

Sage headquarters is located in Newcastle upon Tyne, United Kingdom. Sage was founded on 27 April 1981 in Newcastle upon Tyne, United Kingdom. The total number of employees 11,785. The Sage Group PLC is a software publishing company. The Group develops, publishes, and distributes accounting and payroll software for personal computer systems. Via its subsidiaries, Sage also maintains a registered user database that provides a market for its related products and services, including computer forms, software support contracts, program upgrades, and training. 

  1. Patriot Payroll

Patriot Payroll headquarters is located in Canton, OH, United States. Patriot Payroll was founded in the year 2002. Patriot Technologies Inc. provides hardware and software solutions. The company specializes in technology development life-cycle-from consulting and designing a key to integrating, implementing, and managing. Patriot Technologies serves customers globally. 

  1. Ascentis

Ascentis headquarters is located in Eden Prairie, Minnesota, United States. Ascentis was founded in 1980. Ascentis Corporation provides software solutions. In addition, the company offers services to capital management, online payroll, recruiting, and time-keeping solutions. Ascentis serves customers in the United States. 

  1. Vibe HCM

Vibe HCM headquarters is located in Baltimore, MD, United States. Vibe HCM was founded in 1996. Vibe HCM Incorporated provides software solutions. The company offers to recruit human resource and payroll solutions, including payroll processing, banking, customized general ledger upload, and wage garnishments. Vibe HCM also provides training and customer support services. Vibe HCM serves customers in the United States.

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