1. Market Research
  2. > Advanced IT Market Trends
Benefit Management Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Application

Benefit Management Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Application

  • October 2021
  • 134 pages
  • ID: 6195563
  • Format: PDF
  • The Insight Partners


Table of Contents

Search Inside

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

The overall market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America. North America led the global benefit management platform market with a revenue share of 45.6% in 2020. Due to the large presence of diverse industries with organizations of all sizes, North America is considered a mature market for benefit management platforms. The adoption of a benefit management platform is worthwhile to boost employee morale and encourage involvement in the work environment. Because of their technological innovation, benefit management platforms are widely used in all sizes of businesses. The rapid advancements in the IT industry are likely to provide major growth opportunities for benefit management platforms in Europe. Integration of technologies like the internet of things (IoT), machine learning (ML), and artificial intelligence (AI) is anticipated to improve the capabilities and performance of benefit management platforms. Employees in APAC demand enhanced benefits from their employers, especially health insurance, which includes their parents. Organizations, particularly those in these industries, must map out the employee journey and identify crucial touchpoints, such as the physical environment or digital tools, to customize the benefits offered and meet the employees’ requirements and motivations.

The rising uptake of cloud technology is transforming the working pattern across diverse industry verticals by augmenting security, IT, and DevOps solutions, thereby boosting the development of innovative and interactive solutions for improved user experience. Due to the potential benefits of cloud technology, the adoption of cloud-based solutions among enterprises has increased drastically over the past few years.
Cloud-based solutions enable enterprises to have easy scalability and operational flexibility along with reduced costs and operational risks. The constant development in the cloud architectures, algorithms, and integration of advanced features in cloud solutions are fueling the uptake of these solutions in diverse industry verticals such as BFSI, IT & telecom, retail, and several others.
A cloud-based benefit management platform is an attractive option for companies due to several benefits such as extracting real-time feedbacks from the customers, regular data backup, high security, comparatively low operations costs, and instant provisioning features provided by these solutions. Therefore, scalability, high level of security, operational flexibility, easy deployment, and affordability are some of the key advantages expected to boost the uptake of cloud-based benefit management platforms among enterprises in the coming years.

The benefit management platform market is segmented based on deployment, application, and geography.Based on deployment, the market is segmented into on-premise and cloud-based.

In terms of application, the market is bifurcated into SME and large enterprise.

With the increasing global competition, businesses ensure their digital presence and efficiently utilize digital technologies to sustain themselves in the market.Regardless of their size, organizations are exploiting digital technologies for effective functioning and cost reduction in the present era.

Although digitalization is taking place on a vast scale, several SMEs are still sceptical about adopting it.Fear of risks, lack of proper understanding, and expenditures incurred on new technologies limit the uptake.

However, there are several open opportunities for SMEs prevailing in the digital world.They can help SMEs to efficiently compete with larger enterprises as technology is greatly scalable and flexible.

Additionally, the uptake of benefit management platforms offers an opportunity to automate tasks by integrating the software. This helps the SMEs in cost and time saving and error management, thereby improving the work quality.

Benefitfocus.Com, Inc; BSwift LLC; Empyrean; Employee Navigator; Ease; ADP, Inc; Paycom; Paycor, Inc; Workday, Inc.; and Businessolver.Com, Inc. are among the key players operating in the benefit management platform market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Network Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • February 2022
  • 206 pages

The Global Network Market was valued at USD 14.56 billion in 2021, and it is expected to reach a value of USD 48.39 billion by 2027, registering a CAGR of 22.49% during 2022 - 2027. As the COVID-19 outbreak ...

  • World
  • Cloud Computing
  • Data Center
  • Industry analysis
  • Internet Penetration
  • Number Of Employees


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on