Market Growth for Cloud-Based Payroll Software Is Envisioned
The market for cloud-based payroll system was worth at $6,738 million in 2016; by 2023, it is forecasted to have grown to $10,336 million, with a percent per annum (CAGR) of 6.5 percent. Secure cloud backup of employee data, convenience of system updates & enhancements, and superiority over on-premise solutions are the main factors boosting…