Global Payroll Outsourcing Services Market 2021-2025

Global Payroll Outsourcing Services Market 2021-2025

  • November 2021 •
  • 120 pages •
  • Report ID: 4877150 •
  • Format: PDF
Global Payroll Outsourcing Services Market 2021-2025
The analyst has been monitoring the payroll outsourcing services market and it is poised to grow by $ 6.15 bn during 2021-2025, progressing at a CAGR of 5.72% during the forecast period. Our 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.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing need for payroll cost visibility and escalating demand to reduce payroll-related costs. In addition, the growing need for payroll cost visibility is anticipated to boost the growth of the market as well.
The payroll outsourcing services market analysis includes product and application segments and geographic landscape.

The payroll outsourcing services market is segmented as below:
By Product
• Hybrid
• Fully outsourced

By Application
• Mid-market
• National
• Multinational

By Geographical Landscape
• North America
• Europe
• APAC
• South America
• MEA

This study identifies the increasing demand to standardize processes, technology, and governanceas one of the prime reasons driving the payroll outsourcing services market growth during the next few years.

The analyst 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. Our report on payroll outsourcing services market covers the following areas:
• Payroll outsourcing services market sizing
• Payroll outsourcing services market forecast
• Payroll outsourcing services market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading payroll outsourcing services market vendors that include Accenture Plc, Automatic Data Processing Inc., Deloitte Touche Tohmatsu Ltd., HP Inc., Infosys Ltd., International Business Machines Corp., Paycom Software Inc., The Access Group, Wipro Ltd., and Workday Inc. Also, the payroll outsourcing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 analyst 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. Technavio’s 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.