Insights into the global Benefit Management Platform market up to 2028

DUBLIN, January 14, 2022 /PRNewswire/ — Added the ‘Benefit Management Platform Market Forecast to 2028 – COVID-19 Impact and Global Analysis’ report ResearchAndMarkets.com Offer.

It is expected to reach the benefit management platform market $2,466.12 million until 2028 $1,160.50 million in 2020; It is estimated to grow at a CAGR of 9.9% from 2020 to 2028.

The total market was divided into North America, Europe, Asia Pacific (APAC), the middle East & Africa, and South America. North America led the global market for benefits management platforms with a revenue share of 45.6% in 2020. Due to the large presence of different industries with organizations of all sizes, North America is considered a mature market for benefit management platforms.

Implementing a benefits management platform is worthwhile to boost employee morale and encourage engagement in the work environment. Due to their technological innovation, benefit management platforms are widely used in companies of all sizes. The rapid advances in the IT industry are likely to provide great growth opportunities for benefit management platforms in Europe. The integration of technologies such as the Internet of Things (IoT), machine learning (ML) and artificial intelligence (AI) is expected to improve the capabilities and performance of benefit management platforms.

Employees in APAC are demanding enhanced benefits from their employers, particularly health insurance, which includes their parents. Organizations, particularly in these industries, need to plan the employee journey and identify critical touchpoints such as the physical environment or digital tools to tailor the benefits offered and meet employee needs and motivations.

The increasing adoption of cloud technology is changing work patterns across industries by expanding security, IT and DevOps solutions, driving the development of innovative and interactive solutions for enhanced user experience. Due to the potential benefits of cloud technology, the adoption of cloud-based solutions in companies has increased dramatically in recent years.

Cloud-based solutions allow businesses easy scalability and operational flexibility, as well as reduced costs and operational risks. The constant evolution of cloud architectures, algorithms and the integration of advanced features in cloud solutions are driving the adoption of these solutions in various industries such as BFSI, IT & Telecom, Retail and several others.

A cloud-based benefit management platform is an attractive option for businesses due to several advantages such as extracting real-time feedback from the customers, regular data backup, high security, comparatively low operational costs, and instant deployment capabilities provided by these solutions. Therefore, scalability, high level of security, operational flexibility, ease of deployment, and affordability are some of the key benefits expected to drive the adoption of cloud-based benefit management platforms in enterprises in the years to come.

The benefit management platform market is segmented on the basis of deployment, application, and geography. Based on deployment, the market is segmented into on-premise and cloud-based. In terms of application, the market is divided into SMEs and large companies.

Benefitfocus.Com, Inc; BSwift LLC; Empyrean; employee navigator; Ease; ADP, Inc.; paycom; Paycor, Inc.; Labor Day, Inc.; and Businesssolver.Com, Inc. are among the major players in the Benefits Management Platform market.

reasons to buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Benefits Management Platforms Market
  • Highlights key business priorities to help organizations realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global Benefit Management Platforms Market, thereby allowing the players along the value chain to develop effective long term strategies
  • Develop/modify business expansion plans by leveraging significant growth offerings in both developed and emerging markets
  • Examine in-depth global market trends and prospects combined with the factors driving the market as well as those hindering it
  • Improve the decision-making process by understanding the strategies driving commercial interest around customer products, segmentation, pricing and distribution

Main topics covered:

1 Introduction

2. Key takings

3. Research methodology

4. Benefit Management Platform Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe – PEST analysis
4.2.3 Asia-Pacific PEST Analysis
4.2.4 middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Opinion

5. Benefit Management Platforms Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Emphasizing the growth of cloud-based solutions in all companies
5.1.2 Greater demands for comfort supported by technology
5.1.3 Higher Healthcare Costs
5.2 Market Restrictions
5.2.1 Security and Privacy Issue
5.3 Market Opportunities
5.3.1 Several government initiatives
5.4 Future Trends
5.4.1 Increasing use by SMEs
5.5 Impact Analysis of Drivers and Constraints

6. Benefit Management Platforms Market – Global Market Analysis
6.1 Global Benefit Management Platform Market Overview
6.2 Global Management Platforms Market Forecast and Analysis
6.3 Market Positioning – Top Five Players

7. Benefit Management Platform Market Analysis – Post Deployment
7.1 Overview
7.2 Benefit Management Platform by Deployment (2020 and 2028)
7.3 Cloud-based
7.3.1 Overview
7.3.2 Cloud-Based : Benefit Management Platform Market – Revenue and Forecast to 2028 (Million USD)
7.4 Local
7.4.1 Overview
7.4.2 On Premise: Benefit Management Platform Market – Revenue and Forecast to 2028 (Million USD)

8. Benefit Management Platforms Market – by Application
8.1 Overview
8.2 Benefit Management Platform, by Application (2020 and 2028)
8.3 Small and Medium Businesses
8.3.1 Overview
8.3.2 Small & Medium Enterprise: Benefit Management Platform Market- Revenue and Forecast to 2028 (Million USD)
8.4 Large Company
8.4.1 Overview
8.4.2 Large Enterprise: Benefit Management Platforms Market- Revenue and Forecast to 2028 (Million USD)

9. Benefit Management Platforms Market – Geographical Analysis

10. Benefit Management Platforms Market- COVID-19 Impact Analysis
10.1 North America
10.2 Europe
10.3 APAC
10.4 MEA
10.5SAM

11. Benefit Management Platforms Market – Industry Landscape
11.1 Overview
11.2 Market Initiative

12. Company Profiles
12.1 BENEFITFOCUS.COM, INC
12.1.1 Important Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 bswift LLC.
12.2.1 Important Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Empyrean.
12.3.1 Important Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Employee Navigation
12.4.1 Important Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 lightness
12.5.1 Important Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Major Developments
12.6 ADP, inc
12.6.1 Important Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Major Developments
12.7 Paycom
12.7.1 Important Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Major Developments
12.8 Paycor, Inc.
12.8.1 Important Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Workday, Inc.
12.9.1 Important Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Major Developments
12.10 Businessolver.com, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Summary
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 PlanSource
12.11.1 Important Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments

13. Appendix

For more information about this report, visit https://www.researchandmarkets.com/r/pg9yl9

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