Asia Pacific Cloud Based Payroll Software Market Size, Share & Trends Analysis Report By Component, By Organization Size, By Industry Vertical, By Country and Growth Forecast, 2024

List of Tables

The Asia Pacific Cloud Based Payroll Software Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Cloud Based Payroll Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,216.1 million by 2031. The Japan market is registering a CAGR of 7.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.5% during (2024 - 2031).

Integrating payroll systems with other enterprise software is a key factor driving market growth. Cloud payroll solutions seamlessly integrate with HR management systems (HRMS), enterprise resource planning (ERP) software, and accounting platforms, creating a unified ecosystem for workforce management. These integrations automate data sharing between payroll and other business functions, improving efficiency and eliminating the need for manual data entry.

The expansion of multi-country payroll solutions directly responds to globalization and the increasing trend of remote hiring. Businesses across multiple countries face challenges handling different tax regulations, labor laws, and currency exchanges, making traditional payroll systems inefficient. Cloud-based payroll platforms simplify this complexity by automating multi-currency salary processing, tax deductions, and compliance tracking, ensuring accurate payments across different regions.

Governments across the region actively support this shift by introducing digital workforce policies, tax compliance mandates, and incentives for cloud adoption. The increasing need for secure, real-time payroll processing, automated tax filings, and multi-country payroll solutions is fueling the market's expansion across small and large enterprises. Japan's telecom and IT industry is leading the transition to cloud-based payroll systems, driven by automation needs, digital transformation, and strict labor laws. Additionally, Japan's Work Style Reform Law, introduced to reduce overtime and promote fair wage distribution, has made cloud payroll solutions essential for companies managing diverse work schedules and tax obligations. Similarly, according to the Ministry of Industry and Information Technology, China's telecommunications industry generated over 1.58 trillion yuan in revenue in 2022, reflecting an 8% annual growth rate. As China's telecom and IT sector expands, companies increasingly rely on cloud-based payroll solutions to manage a large, diverse workforce, including full-time employees, contract workers, and remote teams. Therefore, as the region expands its digital workforce ecosystem, the cloud based payroll software market is poised for exponential growth.

Based on Component, the market is segmented into Software and Services. Based on Organization Size, the market is segmented into Small & Medium Enterprises and Large Enterprises. Based on Industry Vertical, the market is segmented into BFSI, Manufacturing, Telecom & IT, Healthcare, Retail, Hospitality, and Other Industry Vertical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

ADP, Inc.
The Sage Group plc
Unit4 N.V. (Advent International)
TELUS International
SAP SE
Iris Software Group Limited
UKG Inc.
Oracle Corporation
Paycom Software, Inc.
Dayforce, Inc.

Asia Pacific Cloud Based Payroll Software Market Report Segmentation

By Component

Software
Services

By Organization Size

Small & Medium Enterprises
Large Enterprises

By Industry Vertical

BFSI
Manufacturing
Telecom & IT
Healthcare
Retail
Hospitality
Other Industry Vertical

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Cloud Based Payroll Software Market, by Component
- 1.4.2 Asia Pacific Cloud Based Payroll Software Market, by Organization Size
- 1.4.3 Asia Pacific Cloud Based Payroll Software Market, by Industry Vertical
- 1.4.4 Asia Pacific Cloud Based Payroll Software Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Cloud Based Payroll Software Market
4.3 Porter Five Forces Analysis

Chapter 5. Asia Pacific Cloud Based Payroll Software Market by Component

5.1 Asia Pacific Software Market by Country
5.2 Asia Pacific Services Market by Country

Chapter 6. Asia Pacific Cloud Based Payroll Software Market by Organization Size

6.1 Asia Pacific Small & Medium Enterprises Market by Country
6.2 Asia Pacific Large Enterprises Market by Country

Chapter 7. Asia Pacific Cloud Based Payroll Software Market by Industry Vertical

7.1 Asia Pacific BFSI Market by Country
7.2 Asia Pacific Manufacturing Market by Country
7.3 Asia Pacific Telecom & IT Market by Country
7.4 Asia Pacific Healthcare Market by Country
7.5 Asia Pacific Retail Market by Country
7.6 Asia Pacific Hospitality Market by Country
7.7 Asia Pacific Other Industry Vertical Market by Country

Chapter 8. Asia Pacific Cloud Based Payroll Software Market by Country

8.1 China Cloud Based Payroll Software Market
- 8.1.1 China Cloud Based Payroll Software Market by Component
- 8.1.2 China Cloud Based Payroll Software Market by Organization Size
- 8.1.3 China Cloud Based Payroll Software Market by Industry Vertical
8.2 Japan Cloud Based Payroll Software Market
- 8.2.1 Japan Cloud Based Payroll Software Market by Component
- 8.2.2 Japan Cloud Based Payroll Software Market by Organization Size
- 8.2.3 Japan Cloud Based Payroll Software Market by Industry Vertical
8.3 India Cloud Based Payroll Software Market
- 8.3.1 India Cloud Based Payroll Software Market by Component
- 8.3.2 India Cloud Based Payroll Software Market by Organization Size
- 8.3.3 India Cloud Based Payroll Software Market by Industry Vertical
8.4 South Korea Cloud Based Payroll Software Market
- 8.4.1 South Korea Cloud Based Payroll Software Market by Component
- 8.4.2 South Korea Cloud Based Payroll Software Market by Organization Size
- 8.4.3 South Korea Cloud Based Payroll Software Market by Industry Vertical
8.5 Singapore Cloud Based Payroll Software Market
- 8.5.1 Singapore Cloud Based Payroll Software Market by Component
- 8.5.2 Singapore Cloud Based Payroll Software Market by Organization Size
- 8.5.3 Singapore Cloud Based Payroll Software Market by Industry Vertical
8.6 Malaysia Cloud Based Payroll Software Market
- 8.6.1 Malaysia Cloud Based Payroll Software Market by Component
- 8.6.2 Malaysia Cloud Based Payroll Software Market by Organization Size
- 8.6.3 Malaysia Cloud Based Payroll Software Market by Industry Vertical
8.7 Rest of Asia Pacific Cloud Based Payroll Software Market
- 8.7.1 Rest of Asia Pacific Cloud Based Payroll Software Market by Component
- 8.7.2 Rest of Asia Pacific Cloud Based Payroll Software Market by Organization Size
- 8.7.3 Rest of Asia Pacific Cloud Based Payroll Software Market by Industry Vertical

Chapter 9. Company Profiles

9.1 ADP, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.1 Research & Development Expense
- 9.1.2 Recent strategies and developments:
  - 9.1.2.1 Partnerships, Collaborations, and Agreements:
  - 9.1.2.2 Product Launches and Product Expansions:
9.2 The Sage Group plc
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
  - 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
9.3 Unit4 N.V. (Advent International)
- 9.3.1 Company Overview
- 9.3.2 Recent strategies and developments:
  - 9.3.2.1 Acquisition and Mergers:
9.4 TELUS International
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
9.5 SAP SE
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
  - 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
9.6 IRIS Software Group Limited
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
  - 9.6.2.1 Acquisition and Mergers:
9.7 UKG, Inc.
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
9.8 Oracle Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
9.9 Paycom Software, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Research & Development Expenses
9.10. Dayforce, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
  - 9.10.5.1 Product Launches and Product Expansions:
  - 9.10.5.2 Acquisition and Mergers:
- 9.10.6 SWOT Analysis

LIST OF TABLES

TABLE 1 Asia Pacific Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 4 Asia Pacific Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 5 Asia Pacific Software Market by Country, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Software Market by Country, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Services Market by Country, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Services Market by Country, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Small & Medium Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Small & Medium Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 16 Asia Pacific Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 17 Asia Pacific BFSI Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific BFSI Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Telecom & IT Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Telecom & IT Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 24 Asia Pacific Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 25 Asia Pacific Retail Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Retail Market by Country, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 28 Asia Pacific Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 29 Asia Pacific Other Industry Vertical Market by Country, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Other Industry Vertical Market by Country, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Cloud Based Payroll Software Market by Country, 2020 - 2023, USD Million
TABLE 32 Asia Pacific Cloud Based Payroll Software Market by Country, 2024 - 2031, USD Million
TABLE 33 China Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 34 China Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 35 China Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 36 China Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 37 China Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 38 China Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 39 China Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 40 China Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 41 Japan Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 42 Japan Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 43 Japan Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 44 Japan Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 45 Japan Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 46 Japan Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 47 Japan Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 48 Japan Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 49 India Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 50 India Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 51 India Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 52 India Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 53 India Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 54 India Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 55 India Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 56 India Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 57 South Korea Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 58 South Korea Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 59 South Korea Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 60 South Korea Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 61 South Korea Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 62 South Korea Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 63 South Korea Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 64 South Korea Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 65 Singapore Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 66 Singapore Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 67 Singapore Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 68 Singapore Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 69 Singapore Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 70 Singapore Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 71 Singapore Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 72 Singapore Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 73 Malaysia Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 74 Malaysia Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 75 Malaysia Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 76 Malaysia Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 77 Malaysia Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 78 Malaysia Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 79 Malaysia Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 80 Malaysia Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 81 Rest of Asia Pacific Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 82 Rest of Asia Pacific Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 83 Rest of Asia Pacific Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 84 Rest of Asia Pacific Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 85 Rest of Asia Pacific Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 86 Rest of Asia Pacific Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 87 Rest of Asia Pacific Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 88 Rest of Asia Pacific Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 89 Key Information - ADP, Inc.
TABLE 90 Key Information - The Sage Group plc
TABLE 91 Key information - Unit4 N.V.
TABLE 92 Key Information - TELUS International
TABLE 93 Key Information - SAP SE
TABLE 94 Key Information - IRIS Software Group Limited
TABLE 95 Key Information - UKG, Inc.
TABLE 96 Key Information - Oracle Corporation
TABLE 97 Key Information - Paycom Software, Inc.
TABLE 98 Key Information - Dayforce, Inc.

LIST OF FIGURES

FIG 1 Methodology for the research
FIG 2 Asia Pacific Cloud Based Payroll Software Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Cloud Based Payroll Software Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter's Five Forces Analysis - Cloud Based Payroll Software Market
FIG 6 Asia Pacific Cloud Based Payroll Software Market share by Component, 2023
FIG 7 Asia Pacific Cloud Based Payroll Software Market share by Component, 2031
FIG 8 Asia Pacific Cloud Based Payroll Software Market by Component, 2020 - 2031, USD Million
FIG 9 Asia Pacific Cloud Based Payroll Software Market share by Organization Size, 2023
FIG 10 Asia Pacific Cloud Based Payroll Software Market share by Organization Size, 2031
FIG 11 Asia Pacific Cloud Based Payroll Software Market by Organization Size, 2020 - 2031, USD Million
FIG 12 Asia Pacific Cloud Based Payroll Software Market share by Industry Vertical, 2023
FIG 13 Asia Pacific Cloud Based Payroll Software Market share by Industry Vertical, 2031
FIG 14 Asia Pacific Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2031, USD Million
FIG 15 Asia Pacific Cloud Based Payroll Software Market share by Country, 2023
FIG 16 Asia Pacific Cloud Based Payroll Software Market share by Country, 2031
FIG 17 Asia Pacific Cloud Based Payroll Software Market by Country, 2020 - 2031, USD Million
FIG 18 Recent strategies and developments: ADP, Inc.
FIG 19 SWOT Analysis: The Sage Group PLC
FIG 20 SWOT Analysis: SAP SE
FIG 21 Swot Analysis: UKG, Inc.
FIG 22 SWOT Analysis: Oracle Corporation
FIG 23 Recent strategies and developments: Dayforce, Inc.
FIG 24 SWOT Analysis: Ceridian HCM Holding, Inc.

Asia Pacific Cloud Based Payroll Software Market Size, Share & Trends Analysis Report By Component, By Organization Size, By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

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