Absolute Markets Insights offers its latest published report 'Cloud-based Payroll Software Market by Application (Government Sector, Defense Sector, Education Academia Sector, BFSI Sector, IT Sector); by Product Type (Free and Open-source software, Non-free Software); by Regional outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 - 2026'. The author of the report analyzed that the Global Cloud-based Payroll Software Market accounted for US$ 8.19 billion in 2017. The rising demand for efficiency in payroll system globally has resulted in the expansion of software industries for payroll and HR services. The diverse work locations of employees and rising number of SMEs and small industries is driving the market.