adp market share

Cloud-based implementation also enables the import and storage of huge amount of payroll data, tax, and employee details. Hence, cloud-based deployment is cost-efficient and provides a more predictable & flexible budgeting for large enterprises and SMEs. We provide payroll, global HCM and outsourcing services in more than 140 countries. Whether you operate in multiple countries or just one, we can provide local expertise to support your global workforce strategy. Explore our full range of payroll and HR services, products, integrations and apps for businesses of all sizes and industries.

We identified that it utilizes client fund assets to generate interest income, and calculated its true financial position excluding its client fund obligations. Ceridian and Workday are both unified systems at the database level. Neither company has relied on 3rd parties to build out their system, and when they do make acquisitions, they rebuild those software platforms from the ground up, so they aren’t just bolted on to their system. This unified database leads to better security, more admin efficiency and greater accuracy with data calculations. Each regional Network Diagram Software sector is carefully studied to understand its current and future growth scenarios. Use market research to get a better perspective and understanding of the market and target audience and ensure you stay ahead of the competition.

The Industry’s Leading Payroll And Tax Solution

Market ShareTIndicates the percentage of market accounted for by this technology in the Payroll Management category. Customize ADP Payroll users by location, employees, revenue, industry, and more. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. An industry with a larger percentage adp market share of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. To mitigate development risk, the production process evaluates key problems and solutions. Global and country analyses are some of the main metrics used to predict domestic market scenarios.

Assemble the right team, gather the right data, and put the right technology in place for a successful implementation. Learn more about our approach to benefits administration or see the powerful advantages of ADP Workforce Now®. The core tools needed for companies just getting started with their payroll automation journey. ADP helps organizations of all types and sizes unlock their potential. Tap into a wealth of knowledge designed to simplify complex tasks and encourage strategic decisions across key functions. Discover a wealth of knowledge to help you tackle payroll, HR and benefits, and compliance. Take your organization to the next level with tools and resources that help you work smarter, regardless of your business’s size and goals.

adp market share

As a large-cap company, ADP’s shareholders are generally exposed to less risk than shareholders of small and mid-cap companies. Starting at $59 per month plus $4 per employee, the service is reasonably priced. There may be introductory rates available at times and companies offer price quotes on their website. Payroll processing is automatized with ADP Payroll, and it is integrated with HR and time-tracking programs, as well as offering employees self-service options.

How Many Us Employees Are Paid Through Adp?

Category leaders will fall and promising upstarts will flame out. Be careful about using brand power as a proxy for due diligence. A sea change is underway in how employees get benefits coverage.

Nearly every part of Workday’s system can be reconfigured to meet a client’s need. With the other vendors, some configuration is possible, but other parts of the system are set-in-stone. When it comes to Core HR (payroll / time / benefits), the best software is the one that can automate data transfer, create continuous, real-time calculations and avert errors before they happen. Ceridian’s single database architecture is a huge advantage in this area. ADP also deserves mentioned for their unmatched experience in payroll and their robust tax filing support. If you work in HR at a Mid-Enterprise company (350-5,000 employees), chances are you have received sales outreach from a variety of different HRIS providers.


Ryan Downie has 9+ years of equity research, financial consulting, and business ownership. ADP’s average revenue per worksite employee grew from $5,600 in 2008 to roughly $7,700 in 2018 while Paychex’s average revenue has grown from $3,300 in 2008 to over $5,000 in 2018. However, Paychex’s processing fees could only increase at 0.9%, or roughly half the average inflation rate in the U.S. over the last decade. Although TriNet has reported steady growth in recent years, its more established competitor, ADP, continues to lead the market. At the core of Workday’s product portfolio are its Financial Management and Human Capital Management solutions used by industry leaders such as AstraZeneca, Carmax, and Oriental.

  • Automatic Data Processing, Inc., also known as ADP, is a provider of human resources management software and services.
  • In January 2018, ADP acquired WorkMarket, a New York City-based software platform company that helps businesses manage freelancers, contractors, and consultants.
  • After all, with a conservative assumption of $100,000 in annual revenue per employee, you are talking about a $200 million company.
  • Formerly called ADP Dealer Services, CDK Global was formed October 1, 2014 and provides technology services to automotive dealerships, as well as vehicle manufacturers.In 2010, ADP acquired the automotive marketing company Cobalt.

The Ultimate Kronos Group reported total revenue nearing $3 billion and earnings before interest, depreciation, and amortization of nearly $770 million in 2020. Geographical and demographic data on the global Payroll Outsourcing market aims to determine the characteristics manufacturers need to include to meet the dynamics of the current market. The survey then deepens the best international players in the industry. This helps collect statistics on the revenue, products, growth, and other aspects of large companies.

How Many Small Business Customers Does Adp Have?

Workday has the highest percentage of international companies in their customer base and is designed to support large, multinational organizations. However, Workday’s global payroll capabilities lag behind their peers. ADP has the highest total number of global companies in their customer base and owns Celergo, a leading global payroll provider. Ceridian offers the most integrated global payroll solution and has offices across the globe. HR outsourcing services have been the primary growth driver for both the companies. ADP’s HR business has grown at an average rate of 14% while Paychex’s HR business was able to achieve a growth rate of 12%. ADP Competes for market share in an industry with a highly fragmented market structure.

adp market share

I will say like Zendesk, it’s not cheap, it’s trading for 150 times free cash flow. That’s because the company is going after huge opportunities here. I’m just throwing a little bit of light on a company that I think deserves a little bit of it. Learn more about our approach to workforce management or see how time management works with ADP Workforce Now® by scheduling a custom demo. At ADP, we are committed to unlocking potential — not only in our clients and their businesses, but in our people, our communities and society as a whole. To value the company, we used a DCF valuation as we expect the company to continue to generate positive free cash flows. For the terminal value, we used an EV/EBITDA based on an industry average of 31.75x.

For most of the SMB HCM space, the buyers are about getting stuff done, not getting the proverbial “seat at the table.” We see many small companies as simply wanting to make HR something they don’t need to worry about. In the midmarket, we see companies, even as small as a few hundred employees, that are growing and competing more strategically with larger companies across industry segments. As they do this, they’re thinking about their workforce more strategically. They’re also looking for a better user experience that’s in line with other tools they have long used in their businesses (finance, marketing, etc.) and their consumer experiences such as Facebook and Google.

Product Liabilities With Causes Of Action?

China is a global market for Payroll Outsourcing and will reach millions of USD by 2028, Germany’s Payroll Outsourcing ecosystem is expected to be worth millions of dollars. Other significant Asian Pacific markets are expected to grow at similar rates over the next five years. We saw Zenefits do it, and we are seeing other smaller players experience 100 percent or better growth as well. Although smaller by revenue opportunity, the midmarket has become a very competitive market.

adp market share

ADP’s strategic acquisitions and internal innovation are key drivers of its growth. In 2018, the company acquired Celergo, a provider of payroll management solutions to enhance its internal product offering. With an increasing number of companies moving toward automation, ADP continues its investment in technology to meet the needs of its customers. The company also offers talent management, payroll and workforce management, and professional service automation.

How Much Does Adp Cost For A Small Business?

To be clear, when we are talking about benefits, we are talking about outsourced benefits administration and management, not the actual benefits themselves. Health benefits alone typically make up about 8 percent of payroll, which means that SMB companies are paying $200 billion for the actual health benefits themselves. Formerly called ADP Dealer Services, CDK Global was formed October 1, 2014 and provides technology services to automotive dealerships, as well as vehicle manufacturers.In 2010, ADP acquired the automotive marketing company Cobalt. With over 920,000 clients in 140 countries, ADP offers flexible solutions to businesses across all industries with the ability to custom tailor them to fit the needs of each business.

Why Adp Likes Working With Small Businesses?

We’ve heard this from professional service firms, tech firms, and even construction equipment manufacturers. Along the way, the lines between subcategories of HCM have blurred. Stand-alone point solutions such as payroll and benefits administration will continue to exist, and many buyers will continue to purchase these solutions individually.

We also see the market as a whole less concerned with platforms and more concerned with using tools that will scale with their business’s growth and connect easily as new solutions are added. It’s point solutions that can integrate — and platforms that can integrate. The platforms in the market today — ADP especially — have a legacy of difficulty here. In January 2018, ADP acquired WorkMarket, a New York City-based software platform company that helps businesses manage freelancers, contractors, and consultants. With over 100 years of experience providing cloud-based Human Capital Management, Business Process Outsourcing services, and compliance solutions, ADP specializes in the areas of Business Processes and Analysis. The on-premise payroll solutions often require initial investments for hardware, servers, and power backup. Furthermore, it also necessitates experienced IT personnel for hardware maintenance and handling system functions.