Prof Research published a new market report on the compensation management software. It presents the largest 14 vendors in the compensation management software market. The report is a professional and in-depth study of the current state of the global compensation management software market. The report provides key statistics on the market of compensation management software. It is a valuable source of guidance and direction for companies and individuals interested in the compensation management software industry.

The global compensation management software market was valued to be 1,092.75 million USD in 2020. The compensation management software market size is anticipated to have grown with a CAGR of 4.58% in the coming years to reach 1,429.48 million USD in 2026.

Oracle is the largest vendor of compensation management software in the world, it has a market share of 14.18% in value. Oracle Corporation provides products and services that address enterprise information technology (IT) environments. The Company’s businesses include cloud and license, hardware and services.

SAP is the second-largest vendor of compensation management software in the world, it has a market share of 13.70% in value. SAP SE is a Germany-based company that offers enterprise application software. The Company operates through four segments: Applications, Technology & Services segment, the Concur segment, Qualtrics segment and Services segment.

PayScale is the third-largest vendor of compensation management software in the world, it has a market share of 12.49% in value. PayScale is the industry leader in compensation data and technology, which provides multiple streams of fresh, transparently curated, and validated salary data. In August 2021, PayScale acquired CURO Compensation Ltd., a Scotland-based firm that also sells compensation software.

Ceridian is the fourth-largest vendor of compensation management software in the world, it has a market share of 9.46% in value. Ceridian HCM Holding Inc. is human capital management (HCM) software company. The Company operates in two segments, HCM and LifeWorks. Through the HCM segment, the Company develops its flagship product Dayforce. The Company also provides Powerplay, a cloud HR and payroll solution for the Canadian small business market through HCM.