Dayforce Strengths, Domain Expertise, and Key Differentiators
Dayforce's strengths lie in its ability to evolve and adapt to industry trends. Dayforce has rapidly transformed into a feature-rich cloud platform for HCM, offering HR, payroll, benefits, WFM, and talent management solutions. Proprietary architecture, real-time reporting, and continuous calculation of employee net pay set Dayforce apart. Its expanding customer base, with 6,876 Dayforce customers speaks volumes about the platform's appeal.
Dayforce Recent Developments
Ceridian's announcement to rebrand as "Dayforce" in January 2024 has marked a significant milestone in their journey. The unveiling of new Dayforce features at INSIGHTS 2023, such as AI-powered HR service delivery and a reimagined candidate experience portal, underscores their commitment to innovation and customer-centric solutions. These innovations are poised to drive revenue growth by enhancing user experiences and streamlining HR processes.
Dayforce Mergers and acquisitions (M&A) Activities
Dayforce's strategic acquisitions have played a pivotal role in their expansion. Notable acquisitions include Excelity Global Solutions, Ascender HCM, Ideal, DataFuzion HCM, and ADAM HCM. These acquisitions have broadened Dayforce's global reach, adding domain expertise and expanding their product portfolio. The integration of Ideal's talent intelligence software into Dayforce is expected to optimize talent management offering In February 2024, Dayforce acquired eloomi, a leading learning experience platform software provider based in Copenhagen, Denmark, and Orlando, Florida. Dayforce re-platformed eLoomi's capabilities into the platform to enhance learning management and talent management offerings. This re-platforming aligns with our strategy of a single data model and a fully integrated suite.
Dayforce Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Dayforce 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 Dayforce 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 Dayforce HCM, InView, PowerPay customers.
Dayforce Overview
Ownership: - NYSE: DAY
Number of Employees: 9600
Functional Market: Absence Management, Workforce Analytics, Workforce Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Candidate Relationship Management $M, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Dayforce Key Cloud and HCM Applications
Dayforce HCM, InView, PowerPay
Dayforce HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | 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.
Dayforce Revenue Breakdown by Type:
Dayforce HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Dayforce HCM Applications Revenues By Verticals, $M:
Dayforce Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Dayforce Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Dayforce Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Dayforce Customers
No. of Dayforce Customers: 6876 Dayforce HCM + 38500 PowerPay
No. of Dayforce HCM Applications Customers: 6876 Dayforce HCM + 38500 PowerPay
No. of Dayforce Cloud HCM Customers: 6876 Dayforce HCM + 38500 PowerPay
No. of Dayforce Cloud HCM Subscribers: 7.2 million
Dayforce's customer base spans a diverse range of industries, with approximately 7.2 million global employees served by 6876 Dayforce customers. Ceridian's extensive customer list includes notable names like Forbes, Volvo, Oracle, and Uber. Their ability to cater to organizations of all sizes, from 100 to over 100,000 employees, has been a key driver of their success.
Dayforce Market Opportunities, M&A and Geo Expansions
The HCM industry is ripe with opportunities, both horizontally and vertically. With the growing emphasis on employee well-being and productivity, Dayforce's On-Demand Pay functionality is poised to attract and retain talent in a highly competitive job market. Expanding into new regions and embracing Cloud, IoT, AI, and ML technologies will further enhance their capabilities and offerings.
Dayforce Risks and Challenges
The deceleration of its recent performance, with sluggish growth in the first quarter 2025, echoes similar trendlines shared by its rivals including Paychex, which experienced weakness among its small business customers.
While Dayforce may be able to rebound in the remainder of the 2025, Paychex's purchase of Paycor will put more pressure on rivals including Dayforce to respond.
Without articulating a clear plan to scale, Dayforce may stand at a disadvantage at a time when HR software vendors could be facing a period of reckoning amid economic and political chaos.
Dayforce Ecosystem, Partners, Resellers and SI
Dayforce has strategically forged partnerships with industry giants like Deloitte and PwC to extend their reach and provide best-in-class HCM implementation processes. The Dayforce Software Partner Program (DSPP) creates a software partner ecosystem, facilitating the integration of HCM-related solutions with Dayforce. These partnerships are key to unlocking network effects and expanding their presence.
Ceridian's journey from a payroll and workforce management provider to a comprehensive cloud HCM solution is a testament to the transformative power of Cloud, IoT, AI, and ML technologies. By consistently innovating, acquiring domain expertise, and building strong ecosystem partnerships, Ceridian's Dayforce platform is poised to continue driving success for organizations in the ever-evolving world of human capital management.
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/taxonomy
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