Global Welfare Management Software Market Size, Status and Forecast 2019-2025; the latest report focuses on current market status, estimated forecast, growth opportunities, key market and top players.
Pune, India - January 16, 2019 /MarketersMedia/ —
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.
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.
In 2018, the Global Welfare Management Software market size was 730 million US$ and it is expected to reach 1230 million US$ by the end of 2025, with a CAGR of 7.7% during 2019-2025.
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Welfare Management Software Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, market size, regional market size analysis, market size forecast, etc.)
• On-Premise
• Cloud-Based
Welfare Management Software Market is studied for the following applications:
(Each application is covered in the terms of market share, market size, regional market size analysis, market size forecast, etc.)
• Small Business
• Medium-sized Business
• Large Business
Key companies profiled in this report are Adp, Workday, Wex Health, Benefitfocus, Bswift, Namely, Zenefits, Paycom, Empowerhr/Pay, Ceridian, Plansource, Paycor, Gusto, Bamboohr, Breathehr, Zane Benefits and more. These companies are profiled in the terms of company basic details, business overview, product knowledge, historical revenue and recent developments.
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Through the various topics covered in this report; it provides key insight of the market like Market size and share by regions, trends, driver, opportunities, revenue, market share of companies, their products, mergers & acquisitions, market size by types & applications for United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. With this strong base, this report also provides the estimated forecast to 2025 by product types, applications and by regions.
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Source: MarketersMedia
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