Europe Cloud Based Payroll Software Market Size, Share & Trends Analysis Report By Component (Software and Services), By Organization Size (Small & Medium Enterprises and Large Enterprises), By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

The Europe Cloud Based Payroll Software Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe 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 $960.7 million by 2031. The UK market is exhibiting a CAGR of 5.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.7% during (2024 - 2031).

The need for automated payroll solutions has become even more pronounced as businesses recognize the importance of error-free salary processing, tax deductions, and compliance management. Manual payroll calculations are susceptible to human error, resulting in inaccuracies in tax submissions, delayed disbursements, and potential legal liabilities.

Security and compliance are among the top concerns for businesses when selecting payroll solutions, and cloud-based platforms address these issues by implementing advanced cybersecurity measures. Payroll data is highly sensitive, containing confidential information such as employee salaries, bank details, tax records, and social security numbers.

The demand for cloud-based payroll software is rising across Europe, driven by digitization initiatives, evolving labor laws, and industry-specific automation needs. In the United Kingdom, the total current healthcare expenditure accounted for 12.0% of GDP in 2020, a significant rise from 9.9% in 2019, reflecting the growing investment in healthcare infrastructure and workforce management. The large-scale employment of healthcare professionals, including doctors, nurses, administrative staff, and contract workers, has increased the demand for automated and compliant payroll solutions. Cloud-based payroll software is crucial in handling shift-based compensation, tax deductions, and benefits administration, ensuring accurate and timely salary disbursements. With the healthcare sector undergoing rapid digitization, the adoption of cloud payroll systems is expanding, enabling organizations to enhance payroll efficiency, reduce manual errors, and comply with evolving labor and tax regulations. Large hotel chains like NH Hotels and Starhotels are leveraging payroll automation tools to manage cross-border salary payments, tax deductions, and multilingual payroll operations for international employees. Thus, the region will present lucrative growth opportunities to expand the market.

Free Valuable Insights: The Global Cloud Based Payroll Software Market will Hit USD 14.82 Billion by 2031, at a CAGR of 7.1%

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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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.

Europe 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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Cloud Based Payroll Software Market, by Component
1.4.2 Europe Cloud Based Payroll Software Market, by Organization Size
1.4.3 Europe Cloud Based Payroll Software Market, by Industry Vertical
1.4.4 Europe 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. Europe Cloud Based Payroll Software Market by Component
5.1 Europe Software Market by Country
5.2 Europe Services Market by Country
Chapter 6. Europe Cloud Based Payroll Software Market by Organization Size
6.1 Europe Small & Medium Enterprises Market by Country
6.2 Europe Large Enterprises Market by Country

Chapter 7. Europe Cloud Based Payroll Software Market by Industry Vertical
7.1 Europe BFSI Market by Country
7.2 Europe Manufacturing Market by Country
7.3 Europe Telecom & IT Market by Country
7.4 Europe Healthcare Market by Country
7.5 Europe Retail Market by Country
7.6 Europe Hospitality Market by Country
7.7 Europe Other Industry Vertical Market by Country

Chapter 8. Europe Cloud Based Payroll Software Market by Country
8.1 Germany Cloud Based Payroll Software Market
8.1.1 Germany Cloud Based Payroll Software Market by Component
8.1.2 Germany Cloud Based Payroll Software Market by Organization Size
8.1.3 Germany Cloud Based Payroll Software Market by Industry Vertical
8.2 UK Cloud Based Payroll Software Market
8.2.1 UK Cloud Based Payroll Software Market by Component
8.2.2 UK Cloud Based Payroll Software Market by Organization Size
8.2.3 UK Cloud Based Payroll Software Market by Industry Vertical
8.3 France Cloud Based Payroll Software Market
8.3.1 France Cloud Based Payroll Software Market by Component
8.3.2 France Cloud Based Payroll Software Market by Organization Size
8.3.3 France Cloud Based Payroll Software Market by Industry Vertical
8.4 Russia Cloud Based Payroll Software Market
8.4.1 Russia Cloud Based Payroll Software Market by Component
8.4.2 Russia Cloud Based Payroll Software Market by Organization Size
8.4.3 Russia Cloud Based Payroll Software Market by Industry Vertical
8.5 Spain Cloud Based Payroll Software Market
8.5.1 Spain Cloud Based Payroll Software Market by Component
8.5.2 Spain Cloud Based Payroll Software Market by Organization Size
8.5.3 Spain Cloud Based Payroll Software Market by Industry Vertical
8.6 Italy Cloud Based Payroll Software Market
8.6.1 Italy Cloud Based Payroll Software Market by Component
8.6.2 Italy Cloud Based Payroll Software Market by Organization Size
8.6.3 Italy Cloud Based Payroll Software Market by Industry Vertical
8.7 Rest of Europe Cloud Based Payroll Software Market
8.7.1 Rest of Europe Cloud Based Payroll Software Market by Component
8.7.2 Rest of Europe Cloud Based Payroll Software Market by Organization Size
8.7.3 Rest of Europe 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

TABLE 1 Europe Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 2 Europe Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 3 Europe Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 4 Europe Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 5 Europe Software Market by Country, 2020 - 2023, USD Million
TABLE 6 Europe Software Market by Country, 2024 - 2031, USD Million
TABLE 7 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 10 Europe Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 11 Europe Small & Medium Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Small & Medium Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 16 Europe Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 17 Europe BFSI Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe BFSI Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe Telecom & IT Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Telecom & IT Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 25 Europe Retail Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Retail Market by Country, 2024 - 2031, USD Million
TABLE 27 Europe Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 28 Europe Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 29 Europe Other Industry Vertical Market by Country, 2020 - 2023, USD Million
TABLE 30 Europe Other Industry Vertical Market by Country, 2024 - 2031, USD Million
TABLE 31 Europe Cloud Based Payroll Software Market by Country, 2020 - 2023, USD Million
TABLE 32 Europe Cloud Based Payroll Software Market by Country, 2024 - 2031, USD Million
TABLE 33 Germany Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 34 Germany Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 35 Germany Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 36 Germany Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 37 Germany Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 38 Germany Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 39 Germany Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 40 Germany Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 41 UK Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 42 UK Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 43 UK Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 44 UK Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 45 UK Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 46 UK Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 47 UK Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 48 UK Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 49 France Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 50 France Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 51 France Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 52 France Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 53 France Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 54 France Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 55 France Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 56 France Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 57 Russia Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 58 Russia Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 59 Russia Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 60 Russia Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 61 Russia Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 62 Russia Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 63 Russia Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 64 Russia Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 65 Spain Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 66 Spain Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 67 Spain Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 68 Spain Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 69 Spain Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 70 Spain Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 71 Spain Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 72 Spain Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 73 Italy Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 74 Italy Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 75 Italy Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 76 Italy Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 77 Italy Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 78 Italy Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 79 Italy Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 80 Italy Cloud Based Payroll Software Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 81 Rest of Europe Cloud Based Payroll Software Market, 2020 - 2023, USD Million
TABLE 82 Rest of Europe Cloud Based Payroll Software Market, 2024 - 2031, USD Million
TABLE 83 Rest of Europe Cloud Based Payroll Software Market by Component, 2020 - 2023, USD Million
TABLE 84 Rest of Europe Cloud Based Payroll Software Market by Component, 2024 - 2031, USD Million
TABLE 85 Rest of Europe Cloud Based Payroll Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 86 Rest of Europe Cloud Based Payroll Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 87 Rest of Europe Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 88 Rest of Europe 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 Europe 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 Europe Cloud Based Payroll Software Market share by Component, 2023
FIG 7 Europe Cloud Based Payroll Software Market share by Component, 2031
FIG 8 Europe Cloud Based Payroll Software Market by Component, 2020 - 2031, USD Million
FIG 9 Europe Cloud Based Payroll Software Market share by Organization Size, 2023
FIG 10 Europe Cloud Based Payroll Software Market share by Organization Size, 2031
FIG 11 Europe Cloud Based Payroll Software Market by Organization Size, 2020 - 2031, USD Million
FIG 12 Europe Cloud Based Payroll Software Market share by Industry Vertical, 2023
FIG 13 Europe Cloud Based Payroll Software Market share by Industry Vertical, 2031
FIG 14 Europe Cloud Based Payroll Software Market by Industry Vertical, 2020 - 2031, USD Million
FIG 15 Europe Cloud Based Payroll Software Market share by Country, 2023
FIG 16 Europe Cloud Based Payroll Software Market share by Country, 2031
FIG 17 Europe 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.