Dayforce Strengths, Domain Expertise, and Key Differentiators
Ceridian's strengths lie in its ability to evolve and adapt to industry trends. Since acquiring Dayforce in 2012, Ceridian has rapidly transformed it 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 nearly 6,000 Dayforce customers by the end of 2022, 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
Ceridian'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 Ceridian'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 offerings.
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: - CDAY
Number of Employees: 8526
Functional Market: Absence and Leave Management, Workforce Analytics, Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems, Performance Management, Learning and Development, Succession Planning, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Dayforce Key Cloud and HCM Applications
Dayforce HCM, InView, PowerPay
Dayforce 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.
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 | 2023 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 | 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 |
Dayforce Direct vs Indirect sales
| Region | 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: 5993 Dayforce HCM + 38500 PowerPay
No. of Dayforce HCM Applications Customers: 5993 Dayforce HCM + 38500 PowerPay
No. of Dayforce Cloud HCM Customers: 5993 Dayforce HCM + 38500 PowerPay
No. of Dayforce Cloud HCM Subscribers: 5.9 million
Ceridian's customer base spans a diverse range of industries, with approximately 5.9 million global employees served by 5,993 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
While Ceridian's expansion has been impressive, it is not without its risks. Scaling every aspect of its operation to accommodate larger enterprise customers and global expansion presents challenges. The ever-evolving IT landscape and competition could pose internal and external risks. Go-to-market challenges in new regions may also require careful navigation.
Dayforce Ecosystem, Partners, Resellers and SI
Ceridian 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.
Dayforce Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Dayforce Public Cloud and Infrastructure (IaaS)
- Dayforce Platform (PaaS)
- Dayforce Application Delivery
- Dayforce 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/taxonomy
https://www.appsruntheworld.com/FAQ
