The universal Accounting, BMS, Payroll and HCM Software market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Accounting software is a foundational technology for many companies, and as a business grows having a powerful, effective accounting solution becomes increasingly critical. Most accounting software packages offer the same basic features necessary for managing finances: accounts receivable, accounts payable, general ledger, billing and invoicing, purchase and sales orders, and reporting. Beyond basic functionality, the top accounting solutions offer additional features to give users more power, flexibility and customization. Oftentimes accounting solutions are closely integrated with other key software solutions.
Business Management Software (BMS) is a broad classification for several integrated applications that help run a business. In this report, Business Management Software (BMS) includes ERP. Enterprise resource planning (ERP) is the integrated management of core business processes, often in real-time and mediated by software and technology.
Human capital management (HCM) is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization. HCM has come to be nearly synonymous with the human resources (HR) function in organizations. In HR technology, the comprehensive software systems for managing HR processes differ little from HCM suites.
Payroll software is a system that automates and streamlines the process of paying a company\'s employees. It may sound straightforward, but the payroll process includes a lot of tasks such as calculating deductions and withholdings, producing pay slips and tax forms (and other reports), processing or depositing payment directly to employee\'s bank account, voiding payments if need be, and even printing checks. Payroll software simplifies and automates the aforementioned tasks to shorten cycle times and reduce manual errors.
In the global Accounting, BMS, Payroll and HCM Software market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In market segmentation by manufacturers, the report covers the following companies-
SAP
Oracle (NetSuite)
Automatic Data Processing,Inc.
Pachex
Microsoft
Intuit
Sage
Workday
IBM Corporation
Infor
Kronos
Yonyou
Epicor
Unit4
Xero
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types :
Accounting Software
BMS Software
Payroll Software
HCM Software
In market segmentation by applications :
SSB
SMB
Enterprise
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Accounting, BMS, Payroll and HCM Software market for the forecast period 2020 - 2025?
• What are the driving forces in the Accounting, BMS, Payroll and HCM Software market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Accounting, BMS, Payroll and HCM Software industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?