Payroll & Bookkeeping Services in the US - Industry Market Research Report

Payroll & Bookkeeping Services in the US - Industry Market Research Report

  • April 2017
  • 34 pages
  • Ibisworld
Report ID: 199073
Base value: The improving labor market will boost demand for industry services

Payroll & Bookkeeping Services in the US

The Payroll and Bookkeeping Services industry has grown over the five years to 2017 as clients increasingly subcontracted back-office administrative activities to focus efforts on core business functions to take advantage of strengthening economic conditions. As the number of businesses in the United States has grown each year over the past five years, the industry's consumer base has grown and corporate profit expansion has given more businesses the resources to afford outsourcing their payroll.

Over the five years to 2022, revenue is forecast to continue to increase, though at a slower rate compared with the previous five-year period as employment stabilizes, and companies in the industry are expected to attract customers to new cloud-based products and services.Operators in this industry provide outsourced payroll services for clients’ employees and basic bookkeeping services are also included. However, this industry does not include tax preparation companies or certified public accountants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

MAJOR COMPANIES
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Country=UnitedStates Industry=HumanResources ParentIndustry=BusinessServices Date=201704 Topic=MarketReport Publisher=Ibisworld Price=1000