Everest Group launches industry-first assessment of U.S. payroll platforms, redefining market standards

Everest Group has announced the release of its first-ever comprehensive assessment of the U.S. payroll platform market, marking both an industry first and an Everest Group first in this domain.

The report, “US Payroll Platform PEAK Matrix® Assessment 2025”, provides the most extensive evaluation to date of how technology providers are transforming payroll management through automation, AI, and embedded analytics.

Managing payroll in the U.S. remains mature yet complex, characterized by fragmented buyer needs, diverse provider strategies, and accelerating expectations around compliance, accuracy, and agility. As organizations modernize pay operations, Everest Group’s report benchmarks 20 leading payroll platform providers across small (<100 employees), mid-market (100–1,000 employees), and large business and enterprise (>1,000 employees) buyer segments.

Using its proprietary PEAK Matrix® methodology, Everest Group evaluated each provider’s vision, capability, and market impact, identifying Leaders, Major Contenders, and Aspirants across the landscape. The analysis spotlights how providers are enabling “smarter payroll” through continuous calculation, predictive insights, and unified integration with HR, benefits, and finance systems.

Priyanka Mitra, Vice President, Everest Group, said:

“This report is a milestone for Everest Group and the payroll technology industry. For the first time, organizations have a data-backed, segment-specific view of how U.S. payroll platforms stack up in terms of innovation, technology capabilities, and impact. It reflects our ongoing commitment to bring industry-first insights to the HR technology ecosystem.”

The report features:

Comprehensive assessment of US payroll platform providers across small business, mid-market, and large and enterprise business buyer segments

Key market trends, innovations, and growth drivers shaping the US payroll ecosystem

Framework evaluating providers’ market impact and vision and capability dimensions

Insights into evolving buyer priorities and key sourcing considerations across organization sizes

This research empowers enterprises to identify platforms that best fit their operational complexity and transformation goals, while helping providers benchmark competitive positioning in a dynamic, technology-led market.

The report is now available to read at US Payroll Platforms PEAK Matrix® Assessment 2025 – Everest Group Research Portal