What is Electronic Payslip Service?
Electronic payslips, often known as 'epayslips,' are payslips that are accessible to employees via secure web portals. Employee self-service is the name of the online web portal. Employees may view their payslips immediately from a secure website using their computers, laptops, iPads, or smartphones, to ESS's ePayslips feature. Printing and distributing hard-copy payslips takes time and money. Employees will be able to download and print their payslips via the internet using ePayslips. It's a simple process for them, and it helps the accounting and HR departments save time. Each payslip is only accessible by each individual member of staff via the employee self-service online portal using their own designated username and password. The employee is given a username and password to log into ESS during the setup process. They can then use this to access their epayslips. Employees can change their ESS login password as often as they like.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | CGI Inc. (United Kingdom), FMP Global (United Kingdom), Zunoma (United Kingdom), The Access Group (United Kingdom), Harding Financial (United Kingdom), JC Payroll Services (United Kingdom), PayPlus Software, Inc. (United States), Automatic Data Processing (United States), SAP SE (Germany), Oracle Corporation (United States), Ceridian HCM, Inc. (United States), Symtrax (United Kingdom) and Hills Accountants (United Kingdom) |
CAGR | % |
The market study is broken down and major geographies with country level break-up.
To stay competitive, software beast’s key players are focusing on this market. Cloud-based offers scalable and dependable software while decreasing client infrastructure expenses. Clients can save money on infrastructure by adopting provider-provided cloud-based applications. The companies are exploring the expansion fueled by acquisition, mergers, with more than a dozen purchases covering analytics, team communication, machine learning, identity management, business planning, and more to remain in the competition. Analysts at AMA Research estimates that Players from United Kingdom will contribute to the maximum growth of Global Electronic Payslip Service market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CGI Inc. (United Kingdom), FMP Global (United Kingdom), Zunoma (United Kingdom), The Access Group (United Kingdom), Harding Financial (United Kingdom), JC Payroll Services (United Kingdom), PayPlus Software, Inc. (United States), Automatic Data Processing (United States), SAP SE (Germany), Oracle Corporation (United States), Ceridian HCM, Inc. (United States), Symtrax (United Kingdom) and Hills Accountants (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Easy Paye (United Kingdom), CoreHR (Ireland) and International Business Machine (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Electronic Payslip Service market by Type, Application and Region.
On the basis of geography, the market of Electronic Payslip Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Epayslips Access Type, the sub-segment i.e. Email PDF Payslips will boost the Electronic Payslip Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. In-House Payroll (First Party) will boost the Electronic Payslip Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small will boost the Electronic Payslip Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Electronic Payslip Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device, the sub-segment i.e. Desktop/Laptop will boost the Electronic Payslip Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Growing Demand in Remote Access for Payroll Teams
- Growing Awareness Regarding the Various Benefits of Payslips Services
Market Drivers
- Delivering Electronic Payslips Is Cost-Effective as Compare to Provide Paper Payslips
- Reduce Time Spent On Manual Processes
Opportunities
- Growing demand from the larger enterprises
- Increasing Demand for Business Accounting Mobile Applications
Restraints
Challenges
- The main concern was that not all employees would want to receive an electronic payslip
Key Target Audience
Electronic Payslip Service Providers, Electronic Payslip Service Enterprise users, Electronic Payslip Service Suppliers, Electronic Payslip Service International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as CGI Inc. (United Kingdom), FMP Global (United Kingdom), Zunoma (United Kingdom), The Access Group (United Kingdom), Harding Financial (United Kingdom), JC Payroll Services (United Kingdom), PayPlus Software, Inc. (United States), Automatic Data Processing (United States), SAP SE (Germany), Oracle Corporation (United States), Ceridian HCM, Inc. (United States), Symtrax (United Kingdom) and Hills Accountants (United Kingdom) etc.
2. Can we have customized study for Electronic Payslip Service Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Electronic Payslip Service Market by 2027?
Analysts at AMA estimates Electronic Payslip Service Market to reach USD Million by 2027.