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Download Free sampleBenefits administration is the process of establishing, maintaining, and managing benefits 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.
Benefits Administration Software Market contains market size and forecasts of Benefits Administration Software in Global, including the following market information:
The global Benefits Administration Software market was valued at 913.4 million in 2021 and is projected to reach US$ 1540.4 million by 2028, at a CAGR of 7.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-Premise Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Benefits Administration Software include ADP, Workday, WEX Health, Benefitfocus, bswift, Namely, Zenefits, Paycom and EmpowerHR/Pay, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Benefits Administration Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Benefits Administration Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Benefits Administration Software Market Segment Percentages, by Type, 2021 (%)
Global Benefits Administration Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Benefits Administration Software Market Segment Percentages, by Application, 2021 (%)
Global Benefits Administration Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Benefits Administration Software Market Segment Percentages, By Region and Country, 2021 (%)
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
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