Global Cloud Based Payroll Software Industry

2024-2030 Global Cloud Based Payroll Software Industry Research & Trends Analysis Report

Global Cloud Based Payroll Software Industry

2024-2030 Global Cloud Based Payroll Software Industry Research & Trends Analysis Report


Insights into the Cloud-Based Payroll Software Market include supply chain optimization, Cloud-Based Payroll Software challenges, and growth forecasts segmented by region and service type.

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Ample Market Research presents an in-depth analysis of the Cloud-Based Payroll Software Market, offering valuable insights into current industry trends, future growth prospects, and strategic market dynamics. This report provides a detailed evaluation of key market drivers, restraints, emerging trends, and regional influences shaping the industry's evolution.

By leveraging historical analysis and forecast projections, this study offers a holistic understanding of market developments, assisting stakeholders in making informed strategic decisions. Additionally, a SWOT analysis is incorporated to highlight strengths, weaknesses, opportunities, and threats within the sector.

The evolving U.S. tariff policy in 2025 is bringing considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the world, assessing their impacts on Cloud-Based Payroll Software market competitiveness, regional economic interdependencies, and supply chain reconfigurations.

Cloud-Based Payroll Software Market Segmentation
Market segmentation in research is the process of breaking down a broad market into distinct consumer groups based on shared characteristics, such as demographics, geographic location, behavioral patterns, or lifestyle preferences. This approach enables businesses to refine their product offerings and marketing strategies to better address the unique needs of each segment. By tailoring their approach, companies can optimize resource allocation, enhance customer satisfaction, and drive sales growth, ultimately securing a competitive advantage. Effective segmentation helps businesses gain deeper insights into their audience, craft targeted strategies, and maximize overall market performance.

Cloud-Based Payroll Software Market by Type [Analysis by Value from 2020 to ]:
  • SaaS
  • PaaS
  • On-Premise
  • Hybrid


Cloud-Based Payroll Software Market by Application [Analysis by Value from 2020 to ]:
  • HR Management
  • Small Businesses
  • Enterprises
  • Government


Key Players in the Cloud-Based Payroll Software Market
Leading market players are focused on strengthening their presence by acquiring emerging companies. Established firms are heavily investing in research and development to introduce innovative products and expand their market reach. Additionally, some companies are engaging in mergers to leverage their combined strengths and deliver high-quality products. Based on these factors, the study includes the following key industry players.
  • ADP
  • Workday
  • Paycom
  • Gusto
  • SAP SuccessFactors


Cloud-Based Payroll Software Market Dynamics: Drivers & Restraints
The report meticulously examines the core growth factors and challenges influencing market expansion. Each variable is supported by qualitative and quantitative insights, with Harvey ball indicators representing their level of impact.

Cloud-Based Payroll Software Market Analysis & Industry Trends
A comprehensive overview of industry developments, regulatory updates, and structural market shifts is provided. The report also evaluates the impact of U.S. tariff policy on global demand fluctuations and recovery patterns.

Cloud-Based Payroll Software Market Size & Demand Forecast ()
Precise market sizing data and demand forecasts are included, covering year-on-year (YoY) growth rates and compound annual growth rate (CAGR) projections, enabling businesses to plan for future growth.

Cloud-Based Payroll Software Industry Supply Chain & Competitive Analysis
Using Porter’s Five Forces framework, the report assesses competitive intensity and profitability within the industry. A detailed supply chain analysis examines market participants, operational structures, and efficiency factors.

Cloud-Based Payroll Software Segmentation & Growth Forecasts
The study systematically breaks down the Global Cloud-Based Payroll Software Market into multiple segments, outlining current conditions and future growth trajectories. This helps identify emerging trends and lucrative opportunities.

Regional Market Insights
The report offers country-wise assessments of market drivers, regulatory frameworks, and growth prospects across key regions:
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Russia)
• Asia-Pacific (China, India, Japan, South Korea, Australia)
• Rest of the World (Saudi Arabia, Brazil, Nigeria, South Africa)

Competitive Landscape & Key Player Profiles

Detailed evaluations of major companies include:
• Business overview & product offerings
• Financial performance & investment trends
• Recent mergers, acquisitions, and joint ventures (JVs)
• Strategic approaches adopted by market leaders

Executive Summary & Actionable Recommendations
A concise summary featuring charts, infographics, and forward-looking forecasts is provided. The report concludes with strategic recommendations to guide market stakeholders in decision-making.

Why Invest in This Cloud-Based Payroll Software Market Report?
✔️ Gain valuable insights into how COVID-19 has influenced the Cloud-Based Payroll Software market.
✔️ Discover market opportunities across key global regions.
✔️ Evaluate growth drivers & restraints and their long-term impact.
✔️ Access comprehensive market sizing & forecasting data.
✔️ Stay ahead of industry trends & competitive strategies.
✔️ Monitor M&A activities, partnerships, and joint ventures shaping the market.

For expert insights and customized segmentation, contact us to tailor the report to your specific business needs.

1 Market Overview

1.1 Product Overview and Scope of Cloud Based Payroll Software

1.2 Global Cloud Based Payroll Software Market Size and Forecast

1.3 China Cloud Based Payroll Software Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China Cloud Based Payroll Software Share in Global Market, 2019-2030

1.4.2 Cloud Based Payroll Software Market Size: China VS Global, 2019-2030

1.5 Cloud Based Payroll Software Market Dynamics

1.5.1 Cloud Based Payroll Software Market Drivers

1.5.2 Cloud Based Payroll Software Market Restraints

1.5.3 Cloud Based Payroll Software Industry Trends

1.5.4 Cloud Based Payroll Software Industry Policy

2 Global Competitive Situation by Company

2.1 Global Cloud Based Payroll Software Revenue by Company (2019-2024)

2.2 Global Cloud Based Payroll Software Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global Cloud Based Payroll Software Concentration Ratio

2.4 Global Cloud Based Payroll Software Mergers & Acquisitions, Expansion Plans

2.5 Global Cloud Based Payroll Software Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China Cloud Based Payroll Software Revenue by Company (2019-2024)

3.2 China Cloud Based Payroll Software Cloud Based Payroll Software Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China Cloud Based Payroll Software, Revenue Percentage of Local Players VS Foreign Manufacturers (2019-2024)

4 Industry Chain Analysis

4.1 Cloud Based Payroll Software Industry Chain

4.2 Cloud Based Payroll Software Upstream Analysis

4.3 Cloud Based Payroll Software Midstream Analysis

4.4 Cloud Based Payroll Software Downstream Analysis

5 Sights by Type

5.1 Cloud Based Payroll Software Classification

5.1.1 Comprehensive Payroll Management

5.1.2 Dedicated Payroll Management

5.2 By Type, Global Cloud Based Payroll Software Market Size & CAGR, 2019 VS 2024 VS 2030

5.3 By Type, Global Cloud Based Payroll Software Revenue, 2019-2030

6 Sights by Application

6.1 Cloud Based Payroll Software Segment by Application

6.1.1 Large Enterprise

6.1.2 SME

6.2 By Application, Global Cloud Based Payroll Software Market Size & CAGR, 2019 VS 2024 VS 2030

6.3 By Application, Global Cloud Based Payroll Software Revenue, 2019-2030

7 Sales Sights by Region

7.1 By Region, Global Cloud Based Payroll Software Market Size, 2019 VS 2024 VS 2030

7.2 By Region, Global Cloud Based Payroll Software Market Size, 2019-2030

7.3 North America

7.3.1 North America Cloud Based Payroll Software Market Size & Forecasts, 2019-2030

7.3.2 By Country, North America Cloud Based Payroll Software Market Size Market Share

7.4 Europe

7.4.1 Europe Cloud Based Payroll Software Market Size & Forecasts, 2019-2030

7.4.2 By Country, Europe Cloud Based Payroll Software Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific Cloud Based Payroll Software Market Size & Forecasts, 2019-2030

7.5.2 By Country/Region, Asia Pacific Cloud Based Payroll Software Market Size Market Share

7.6 South America

7.6.1 South America Cloud Based Payroll Software Market Size & Forecasts, 2019-2030

7.6.2 By Country, South America Cloud Based Payroll Software Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global Cloud Based Payroll Software Market Size & CAGR，2019 VS 2024 VS 2030

8.2 By Country, Global Cloud Based Payroll Software Market Size, 2019-2030

8.3 U.S.

8.3.1 U.S. Cloud Based Payroll Software Market Size, 2019-2030

8.3.2 By Company, U.S. Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.3.3 By Type, U.S. Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.3.4 By Application, U.S. Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.4 Europe

8.4.1 Europe Cloud Based Payroll Software Market Size, 2019-2030

8.4.2 By Company, Europe Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.4.3 By Type, Europe Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.4.4 By Application, Europe Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.5 China

8.5.1 China Cloud Based Payroll Software Market Size, 2019-2030

8.5.2 By Company, China Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.5.3 By Type, China Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.5.4 By Application, China Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.6 Japan

8.6.1 Japan Cloud Based Payroll Software Market Size, 2019-2030

8.6.2 By Company, Japan Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.6.3 By Type, Japan Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.6.4 By Application, Japan Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.7 South Korea

8.7.1 South Korea Cloud Based Payroll Software Market Size, 2019-2030

8.7.2 By Company, South Korea Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.7.3 By Type, South Korea Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.7.4 By Application, South Korea Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.8 Southeast Asia

8.8.1 Southeast Asia Cloud Based Payroll Software Market Size, 2019-2030

8.8.2 By Company, Southeast Asia Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.8.3 By Type, Southeast Asia Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.8.4 By Application, Southeast Asia Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.9 India

8.9.1 India Cloud Based Payroll Software Market Size, 2019-2030

8.9.2 By Company, India Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.9.3 By Type, India Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.9.4 By Application, India Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.10 Middle East & Asia

8.10.1 Middle East & Asia Cloud Based Payroll Software Market Size, 2019-2030

8.10.2 By Company, Middle East & Asia Cloud Based Payroll Software Revenue Market Share, 2019-2024

8.10.3 By Type, Middle East & Asia Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

8.10.4 By Application, Middle East & Asia Cloud Based Payroll Software Revenue Market Share, 2024 VS 2030

9 Global Manufacturers Profile

9.1 Gusto

9.1.1 Gusto Company Information, Head Office, Market Area and Industry Position

9.1.2 Gusto Company Profile and Main Business

9.1.3 Gusto Cloud Based Payroll Software Models, Specifications and Application

9.1.4 Gusto Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.1.5 Gusto Recent Developments

9.2 Moorepay

9.2.1 Moorepay Company Information, Head Office, Market Area and Industry Position

9.2.2 Moorepay Company Profile and Main Business

9.2.3 Moorepay Cloud Based Payroll Software Models, Specifications and Application

9.2.4 Moorepay Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.2.5 Moorepay Recent Developments

9.3 ADP

9.3.1 ADP Company Information, Head Office, Market Area and Industry Position

9.3.2 ADP Company Profile and Main Business

9.3.3 ADP Cloud Based Payroll Software Models, Specifications and Application

9.3.4 ADP Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.3.5 ADP Recent Developments

9.4 Ceridian

9.4.1 Ceridian Company Information, Head Office, Market Area and Industry Position

9.4.2 Ceridian Company Profile and Main Business

9.4.3 Ceridian Cloud Based Payroll Software Models, Specifications and Application

9.4.4 Ceridian Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.4.5 Ceridian Recent Developments

9.5 Rippling

9.5.1 Rippling Company Information, Head Office, Market Area and Industry Position

9.5.2 Rippling Company Profile and Main Business

9.5.3 Rippling Cloud Based Payroll Software Models, Specifications and Application

9.5.4 Rippling Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.5.5 Rippling Recent Developments

9.6 QuickBooks Payroll

9.6.1 QuickBooks Payroll Company Information, Head Office, Market Area and Industry Position

9.6.2 QuickBooks Payroll Company Profile and Main Business

9.6.3 QuickBooks Payroll Cloud Based Payroll Software Models, Specifications and Application

9.6.4 QuickBooks Payroll Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.6.5 QuickBooks Payroll Recent Developments

9.7 Oracle

9.7.1 Oracle Company Information, Head Office, Market Area and Industry Position

9.7.2 Oracle Company Profile and Main Business

9.7.3 Oracle Cloud Based Payroll Software Models, Specifications and Application

9.7.4 Oracle Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.7.5 Oracle Recent Developments

9.8 OnPay

9.8.1 OnPay Company Information, Head Office, Market Area and Industry Position

9.8.2 OnPay Company Profile and Main Business

9.8.3 OnPay Cloud Based Payroll Software Models, Specifications and Application

9.8.4 OnPay Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.8.5 OnPay Recent Developments

9.9 Trolley

9.9.1 Trolley Company Information, Head Office, Market Area and Industry Position

9.9.2 Trolley Company Profile and Main Business

9.9.3 Trolley Cloud Based Payroll Software Models, Specifications and Application

9.9.4 Trolley Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.9.5 Trolley Recent Developments

9.10 Xero

9.10.1 Xero Company Information, Head Office, Market Area and Industry Position

9.10.2 Xero Company Profile and Main Business

9.10.3 Xero Cloud Based Payroll Software Models, Specifications and Application

9.10.4 Xero Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.10.5 Xero Recent Developments

9.11 Sage

9.11.1 Sage Company Information, Head Office, Market Area and Industry Position

9.11.2 Sage Company Profile and Main Business

9.11.3 Sage Cloud Based Payroll Software Models, Specifications and Application

9.11.4 Sage Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.11.5 Sage Recent Developments

9.12 Patriot Software

9.12.1 Patriot Software Company Information, Head Office, Market Area and Industry Position

9.12.2 Patriot Software Company Profile and Main Business

9.12.3 Patriot Software Cloud Based Payroll Software Models, Specifications and Application

9.12.4 Patriot Software Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.12.5 Patriot Software Recent Developments

9.13 Paycor

9.13.1 Paycor Company Information, Head Office, Market Area and Industry Position

9.13.2 Paycor Company Profile and Main Business

9.13.3 Paycor Cloud Based Payroll Software Models, Specifications and Application

9.13.4 Paycor Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.13.5 Paycor Recent Developments

9.14 Ceridian

9.14.1 Ceridian Company Information, Head Office, Market Area and Industry Position

9.14.2 Ceridian Company Profile and Main Business

9.14.3 Ceridian Cloud Based Payroll Software Models, Specifications and Application

9.14.4 Ceridian Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.14.5 Ceridian Recent Developments

9.15 Wave Financial

9.15.1 Wave Financial Company Information, Head Office, Market Area and Industry Position

9.15.2 Wave Financial Company Profile and Main Business

9.15.3 Wave Financial Cloud Based Payroll Software Models, Specifications and Application

9.15.4 Wave Financial Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.15.5 Wave Financial Recent Developments

9.16 Justworks

9.16.1 Justworks Company Information, Head Office, Market Area and Industry Position

9.16.2 Justworks Company Profile and Main Business

9.16.3 Justworks Cloud Based Payroll Software Models, Specifications and Application

9.16.4 Justworks Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.16.5 Justworks Recent Developments

9.17 EPAY Systems

9.17.1 EPAY Systems Company Information, Head Office, Market Area and Industry Position

9.17.2 EPAY Systems Company Profile and Main Business

9.17.3 EPAY Systems Cloud Based Payroll Software Models, Specifications and Application

9.17.4 EPAY Systems Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.17.5 EPAY Systems Recent Developments

9.18 Staffology

9.18.1 Staffology Company Information, Head Office, Market Area and Industry Position

9.18.2 Staffology Company Profile and Main Business

9.18.3 Staffology Cloud Based Payroll Software Models, Specifications and Application

9.18.4 Staffology Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.18.5 Staffology Recent Developments

9.19 UZIO

9.19.1 UZIO Company Information, Head Office, Market Area and Industry Position

9.19.2 UZIO Company Profile and Main Business

9.19.3 UZIO Cloud Based Payroll Software Models, Specifications and Application

9.19.4 UZIO Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.19.5 UZIO Recent Developments

9.20 Talentia Software

9.20.1 Talentia Software Company Information, Head Office, Market Area and Industry Position

9.20.2 Talentia Software Company Profile and Main Business

9.20.3 Talentia Software Cloud Based Payroll Software Models, Specifications and Application

9.20.4 Talentia Software Cloud Based Payroll Software Revenue and Gross Margin, 2019-2024

9.20.5 Talentia Software Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Cloud-Based Payroll Software Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Ample Market Reports Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Ample Market Reports Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Cloud-Based Payroll Software Market trending toward high growth trajectories?
A dynamic process in the Cloud-Based Payroll Software Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like ADP, Workday, Paycom, Gusto, SAP SuccessFactors.
What is the Cloud-Based Payroll Software Market really preparing for?
Companies in the Cloud-Based Payroll Software Industry will need to adapt swiftly to the behavioral changes that are reshaping consumer decision journeys.
What are the major applications of the Cloud-Based Payroll Software Market?
Depending upon the type of applications, the Cloud-Based Payroll Software Market has been segmented into and other applications.
What is the estimated size & growth rate of the Cloud-Based Payroll Software Market?
In recent years, the Cloud-Based Payroll Software Market has grown at an incredible rate. From 2025 to 2030, the market is expected to grow at a CAGR of yy%.
What challenges does the Cloud-Based Payroll Software Market face in the future?
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Cloud-Based Payroll Software Market across the extensive corporate landscape.
What are the top priorities for the growth of the Cloud-Based Payroll Software Market?
In this highly competitive and rapidly evolving Cloud-Based Payroll Software Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.