Welfare management is the process of establishing, maintaining, and managing welfare 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.
Scope of the Report:
Welfare Management 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 59% in 2018.
Welfare Management 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 47% of the global total in 2018.
The global Welfare Management Software market is valued at 730 million USD in 2018 and is expected to reach 1080 million USD by the end of 2024, growing at a CAGR of 8.0% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Welfare Management Software.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Welfare Management Software market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Welfare Management Software market by product type and applications/end industries.
Market Segment by Companies, this report covers
ADP
Workday
WEX Health
Benefitfocus
Bswift
Namely
Zenefits
Paycom
EmpowerHR/Pay
Ceridian
PlanSource
Paycor
Gusto
BambooHR
BreatheHR
Zane Benefits
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
On-Premise
Cloud-Based
Market Segment by Applications, can be divided into
Small Business
Medium-sized Business
Large Business
Summary:
Get latest Market Research Reports on Welfare Management Software . Industry analysis & Market Report on Welfare Management Software is a syndicated market report, published as Global Welfare Management Software Market 2019 by Company, Regions, Type and Application, Forecast to 2024. It is complete Research Study and Industry Analysis of Welfare Management Software market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.