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The payroll outsourcing services market is forecasted to grow by USD 5.99 billion during 2023-2028, accelerating at a CAGR of 4.79% during the forecast period. The report on the payroll outsourcing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for payroll cost visibility, escalating demand to reduce payroll-related costs, and increasing demand to standardize processes, technology, and governance.
The payroll outsourcing services market is segmented as below:
By Product
- Hybrid
- Fully outsourced
By Type
- Mid-market
- National
- Multinational
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the payroll outsourcing services market covers the following areas:
- Payroll outsourcing services market sizing
- Payroll outsourcing services market forecast
- Payroll outsourcing services market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global payroll outsourcing services market: Acara Solutions India, Accenture Plc, Alight Solutions LLC, Automatic Data Processing Inc., Ceridian HCM Holding Inc., Complete Payroll Solutions, Deloitte Touche Tohmatsu Ltd., Hewlett Packard Enterprise Co., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., Intuit Inc., Paycom Software Inc., Paycor Inc., Ramco Systems Ltd., Safeguard World International LLC, TalentPro, The Access Group, Wipro Ltd., and Workday Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise of multi-country and centralized outsourcing models."
According to the report, one of the major drivers for this market is the growing need for payroll cost visibility.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acara Solutions India
- Accenture Plc
- Alight Solutions LLC
- Automatic Data Processing Inc.
- Ceridian HCM Holding Inc.
- Complete Payroll Solutions
- Deloitte Touche Tohmatsu Ltd.
- Hewlett Packard Enterprise Co.
- Hexaware Technologies Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- Intuit Inc.
- Paycom Software Inc.
- Paycor Inc.
- Ramco Systems Ltd.
- Safeguard World International LLC
- TalentPro
- The Access Group
- Wipro Ltd.
- Workday Inc.
