Benify Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

Benify Strengths, Domain Expertise, and Key Differentiators

Global Benefits and Total Rewards Platform Benify offers a market-leading global benefits and total rewards platform with thousands of customers and over 2 million users worldwide. This platform allows employers to create a personalized benefits and rewards experience for their employees. Benify's solution is not just about benefits communication; it also streamlines and automates HR processes. This results in a reduction in benefits administration, improved data governance, and better management of benefit and reward costs. Benify is known for creating mobile digital experiences that engage employees and provide a better understanding of their compensation and benefits.

Benify Recent Developments

Benify has been making headlines in the world of HR services with its innovative solutions. The company's most notable accomplishment is its achievement in creating a smarter way for over half a million employees globally to visualize their "total compensation." This includes their gross salary and benefits, which is crucial for employee satisfaction and retention. Their web-based HR services have streamlined communication and interaction between employers and employees, leading to improved engagement and efficiency.

Benify Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Benify applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Benify and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Benify Platform customers.

Benify Key Cloud and HCM Applications

Benify Platform

Benify HCM and Cloud HCM Applications Revenues, $M:

Type/Year	2022	2023	YoY Growth, %
Total Revenues, $M	Subscribe	Subscribe	Subscribe
HCM Applications Revenues, $M	Subscribe	Subscribe	Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Benify Revenue Breakdown by Type:

Benify HCM Applications Revenues By Sub-Functional Markets, $M:

	Split by Sub-Functional Markets	% of HCM Revenue in the HR Segment	2023 HCM Revenues, By HR Segment, $M
Core HR and Performance Management	Benefits Administration	Subscribe	Subscribe
	Compliance	Subscribe	Subscribe
	Core HR and Personnel Management	Subscribe	Subscribe
	Payroll	Subscribe	Subscribe
	Pension Administration	Subscribe	Subscribe
	Compensation Management	Subscribe	Subscribe
	Learning and Development	Subscribe	Subscribe
	Performance and Goal Management	Subscribe	Subscribe
	Succession and Leadership Planning	Subscribe	Subscribe
Talent Acquisition	Applicant Tracking Systems	Subscribe	Subscribe
	Contingent Labor Management	Subscribe	Subscribe
	Candidate Relationship Management	Subscribe	Subscribe
	Onboarding	Subscribe	Subscribe
	Recruiting	Subscribe	Subscribe
	Sourcing	Subscribe	Subscribe
Workforce Management	Absence and Leave Management	Subscribe	Subscribe
	Fatigue Management	Subscribe	Subscribe
	Task Management	Subscribe	Subscribe
	Time and Attendance	Subscribe	Subscribe
	Time Clock (Hardware)	Subscribe	Subscribe
	Workforce Scheduling	Subscribe	Subscribe
	Workforce Analytics	Subscribe	Subscribe

Benify HCM Applications Revenues By Verticals, $M:

Split by Verticals	% of Total Revenues	2023 HCM Apps Revenues, By Verticals, $M
Aerospace and Defense	Subscribe	Subscribe
Automotive	Subscribe	Subscribe
Banking and Financial Services	Subscribe	Subscribe
Communication	Subscribe	Subscribe
Construction and Real Estate	Subscribe	Subscribe
Consumer Packaged Goods	Subscribe	Subscribe
Distribution	Subscribe	Subscribe
Education	Subscribe	Subscribe
Government	Subscribe	Subscribe
Healthcare	Subscribe	Subscribe
Insurance	Subscribe	Subscribe
Leisure and Hospitality	Subscribe	Subscribe
Life Sciences	Subscribe	Subscribe
Manufacturing	Subscribe	Subscribe
Media	Subscribe	Subscribe
Non Profit	Subscribe	Subscribe
Oil, Gas and Chemicals	Subscribe	Subscribe
Professional Services	Subscribe	Subscribe
Retail	Subscribe	Subscribe
Transportation	Subscribe	Subscribe
Utilites	Subscribe	Subscribe
Total	Subscribe	Subscribe

Benify Total and HCM Applications Revenues by Region:

Region	% of Total Revenues	2023 Total Revenues, $M	2023 HCM Applications Revenues, $M
Americas	Subscribe	Subscribe	Subscribe
EMEA	Subscribe	Subscribe	Subscribe
APAC	Subscribe	Subscribe	Subscribe
Total	Subscribe	Subscribe	Subscribe

Benify Direct vs Indirect sales

Region	Direct Sales	Indirect Sales	Total
Type %	Subscribe	Subscribe	Subscribe
Revenues, $M	Subscribe	Subscribe	Subscribe

Benify Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Benify Customers

No. of Benify Customers: 1600

No. of Benify HCM Applications Customers: 1600

No. of Benify Cloud HCM Customers: 1600

No. of Benify Cloud HCM Subscribers: 2000000

Benify's impressive customer base includes 1,600 customer companies with over 2 million users, of which 1 million are based in Sweden. They serve a wide range of industries, including major corporations like Scania, Saab, AstraZeneca, Coca-Cola, and e-ON. Their recent customer wins, including L'oreal Deutschland, Kuehne + Nagel, and Vodafone, highlight their growing appeal across different sectors and regions.

Benify Market Opportunities, M&A and Geo Expansions

Benify's growth potential in the HR services sector is substantial. The market for HR solutions, especially those embracing cloud, IoT, AI, and ML technologies, is evolving rapidly. Benify can expand both vertically and horizontally by offering its services to a wider range of industries and by introducing new features that cater to various HR needs. Benify already has a significant global presence, but there is ample room for further expansion into new regions.

Benify Risks and Challenges

While Benify has seen impressive growth, it's not without its share of risks. These include internal challenges, such as managing rapid expansion, and external risks like market competition and regulatory changes. Additionally, navigating the complexities of data privacy and GDPR compliance can be a challenge in the HR sector.

Benify Ecosystem, Partners, Resellers and SI

Benify's ecosystem is enriched by its partnership with NGA HR, which offers a comprehensive HR and payroll solution. This partnership enhances their offerings and enables them to serve a broader range of multinational organizations. Benify's channel program for European resellers also contributes to its ecosystem by creating more distribution channels and increasing its reach.

Benify Cloud Platform (PaaS) and Infrastructure (IaaS) Details

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• Benify Public Cloud and Infrastructure (IaaS)
• Benify Platform (PaaS)
• Benify Application Delivery
• Benify Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ