Global Payroll Outsourcing Services Market Research Report 2024(Status and Outlook)
Report Overview:
Organizations may collaborate with an external firm to handle all their payroll functions to save valuable time and money – this is known as Payroll Outsourcing Services. These services can calculate employee pay, make payments to employees, and generate tax forms such as W-2s. Payroll outsourcing decreases the need for in-house trained payroll staff members, and there is also no requirement to purchase or maintain appropriate software packages.
The Global Payroll Outsourcing Services Market Size was estimated at USD 5375.95 million in 2023 and is projected to reach USD 7625.88 million by 2029, exhibiting a CAGR of 6.00% during the forecast period.
This report provides a deep insight into the global Payroll Outsourcing Services market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Payroll Outsourcing Services Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Payroll Outsourcing Services market in any manner.
Global Payroll Outsourcing Services Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ADP
Intuit
TriNet
Alight Solutions
Deloitte
KPMG
Paychex
Infosys
BDO
Ceridian
TMF Group
Immedis
Neeyamo
CloudPay
Aurion
Activpayroll
Zalaris
i-Admin
Market Segmentation (by Type)
Full-Managed Outsourcing
Co-Managed Outsourcing
Market Segmentation (by Application)
Small Business
Midsized Business
Large Enterprise
Geographic Segmentation
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Payroll Outsourcing Services Market
- Overview of the regional outlook of the Payroll Outsourcing Services Market:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
- This enables you to anticipate market changes to remain ahead of your competitors
- You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
- The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Payroll Outsourcing Services Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Payroll Outsourcing Services
- 1.2 Key Market Segments
- 1.2.1 Payroll Outsourcing Services Segment by Type
- 1.2.2 Payroll Outsourcing Services Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Payroll Outsourcing Services Market Overview
- 2.1 Global Market Overview
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Payroll Outsourcing Services Market Competitive Landscape
- 3.1 Global Payroll Outsourcing Services Revenue Market Share by Company (2019-2024)
- 3.2 Payroll Outsourcing Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Company Payroll Outsourcing Services Market Size Sites, Area Served, Product Type
- 3.4 Payroll Outsourcing Services Market Competitive Situation and Trends
- 3.4.1 Payroll Outsourcing Services Market Concentration Rate
- 3.4.2 Global 5 and 10 Largest Payroll Outsourcing Services Players Market Share by Revenue
- 3.4.3 Mergers & Acquisitions, Expansion
- 4 Payroll Outsourcing Services Value Chain Analysis
- 4.1 Payroll Outsourcing Services Value Chain Analysis
- 4.2 Midstream Market Analysis
- 4.3 Downstream Customer Analysis
- 5 The Development and Dynamics of Payroll Outsourcing Services Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 Mergers & Acquisitions
- 5.5.2 Expansions
- 5.5.3 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 Payroll Outsourcing Services Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Payroll Outsourcing Services Market Size Market Share by Type (2019-2024)
- 6.3 Global Payroll Outsourcing Services Market Size Growth Rate by Type (2019-2024)
- 7 Payroll Outsourcing Services Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Payroll Outsourcing Services Market Size (M USD) by Application (2019-2024)
- 7.3 Global Payroll Outsourcing Services Market Size Growth Rate by Application (2019-2024)
- 8 Payroll Outsourcing Services Market Segmentation by Region
- 8.1 Global Payroll Outsourcing Services Market Size by Region
- 8.1.1 Global Payroll Outsourcing Services Market Size by Region
- 8.1.2 Global Payroll Outsourcing Services Market Size Market Share by Region
- 8.2 North America
- 8.2.1 North America Payroll Outsourcing Services Market Size by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe Payroll Outsourcing Services Market Size by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Payroll Outsourcing Services Market Size by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America Payroll Outsourcing Services Market Size by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa Payroll Outsourcing Services Market Size by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 ADP
- 9.1.1 ADP Payroll Outsourcing Services Basic Information
- 9.1.2 ADP Payroll Outsourcing Services Product Overview
- 9.1.3 ADP Payroll Outsourcing Services Product Market Performance
- 9.1.4 ADP Payroll Outsourcing Services SWOT Analysis
- 9.1.5 ADP Business Overview
- 9.1.6 ADP Recent Developments
- 9.2 Intuit
- 9.2.1 Intuit Payroll Outsourcing Services Basic Information
- 9.2.2 Intuit Payroll Outsourcing Services Product Overview
- 9.2.3 Intuit Payroll Outsourcing Services Product Market Performance
- 9.2.4 ADP Payroll Outsourcing Services SWOT Analysis
- 9.2.5 Intuit Business Overview
- 9.2.6 Intuit Recent Developments
- 9.3 TriNet
- 9.3.1 TriNet Payroll Outsourcing Services Basic Information
- 9.3.2 TriNet Payroll Outsourcing Services Product Overview
- 9.3.3 TriNet Payroll Outsourcing Services Product Market Performance
- 9.3.4 ADP Payroll Outsourcing Services SWOT Analysis
- 9.3.5 TriNet Business Overview
- 9.3.6 TriNet Recent Developments
- 9.4 Alight Solutions
- 9.4.1 Alight Solutions Payroll Outsourcing Services Basic Information
- 9.4.2 Alight Solutions Payroll Outsourcing Services Product Overview
- 9.4.3 Alight Solutions Payroll Outsourcing Services Product Market Performance
- 9.4.4 Alight Solutions Business Overview
- 9.4.5 Alight Solutions Recent Developments
- 9.5 Deloitte
- 9.5.1 Deloitte Payroll Outsourcing Services Basic Information
- 9.5.2 Deloitte Payroll Outsourcing Services Product Overview
- 9.5.3 Deloitte Payroll Outsourcing Services Product Market Performance
- 9.5.4 Deloitte Business Overview
- 9.5.5 Deloitte Recent Developments
- 9.6 KPMG
- 9.6.1 KPMG Payroll Outsourcing Services Basic Information
- 9.6.2 KPMG Payroll Outsourcing Services Product Overview
- 9.6.3 KPMG Payroll Outsourcing Services Product Market Performance
- 9.6.4 KPMG Business Overview
- 9.6.5 KPMG Recent Developments
- 9.7 Paychex
- 9.7.1 Paychex Payroll Outsourcing Services Basic Information
- 9.7.2 Paychex Payroll Outsourcing Services Product Overview
- 9.7.3 Paychex Payroll Outsourcing Services Product Market Performance
- 9.7.4 Paychex Business Overview
- 9.7.5 Paychex Recent Developments
- 9.8 Infosys
- 9.8.1 Infosys Payroll Outsourcing Services Basic Information
- 9.8.2 Infosys Payroll Outsourcing Services Product Overview
- 9.8.3 Infosys Payroll Outsourcing Services Product Market Performance
- 9.8.4 Infosys Business Overview
- 9.8.5 Infosys Recent Developments
- 9.9 BDO
- 9.9.1 BDO Payroll Outsourcing Services Basic Information
- 9.9.2 BDO Payroll Outsourcing Services Product Overview
- 9.9.3 BDO Payroll Outsourcing Services Product Market Performance
- 9.9.4 BDO Business Overview
- 9.9.5 BDO Recent Developments
- 9.10 Ceridian
- 9.10.1 Ceridian Payroll Outsourcing Services Basic Information
- 9.10.2 Ceridian Payroll Outsourcing Services Product Overview
- 9.10.3 Ceridian Payroll Outsourcing Services Product Market Performance
- 9.10.4 Ceridian Business Overview
- 9.10.5 Ceridian Recent Developments
- 9.11 TMF Group
- 9.11.1 TMF Group Payroll Outsourcing Services Basic Information
- 9.11.2 TMF Group Payroll Outsourcing Services Product Overview
- 9.11.3 TMF Group Payroll Outsourcing Services Product Market Performance
- 9.11.4 TMF Group Business Overview
- 9.11.5 TMF Group Recent Developments
- 9.12 Immedis
- 9.12.1 Immedis Payroll Outsourcing Services Basic Information
- 9.12.2 Immedis Payroll Outsourcing Services Product Overview
- 9.12.3 Immedis Payroll Outsourcing Services Product Market Performance
- 9.12.4 Immedis Business Overview
- 9.12.5 Immedis Recent Developments
- 9.13 Neeyamo
- 9.13.1 Neeyamo Payroll Outsourcing Services Basic Information
- 9.13.2 Neeyamo Payroll Outsourcing Services Product Overview
- 9.13.3 Neeyamo Payroll Outsourcing Services Product Market Performance
- 9.13.4 Neeyamo Business Overview
- 9.13.5 Neeyamo Recent Developments
- 9.14 CloudPay
- 9.14.1 CloudPay Payroll Outsourcing Services Basic Information
- 9.14.2 CloudPay Payroll Outsourcing Services Product Overview
- 9.14.3 CloudPay Payroll Outsourcing Services Product Market Performance
- 9.14.4 CloudPay Business Overview
- 9.14.5 CloudPay Recent Developments
- 9.15 Aurion
- 9.15.1 Aurion Payroll Outsourcing Services Basic Information
- 9.15.2 Aurion Payroll Outsourcing Services Product Overview
- 9.15.3 Aurion Payroll Outsourcing Services Product Market Performance
- 9.15.4 Aurion Business Overview
- 9.15.5 Aurion Recent Developments
- 9.16 Activpayroll
- 9.16.1 Activpayroll Payroll Outsourcing Services Basic Information
- 9.16.2 Activpayroll Payroll Outsourcing Services Product Overview
- 9.16.3 Activpayroll Payroll Outsourcing Services Product Market Performance
- 9.16.4 Activpayroll Business Overview
- 9.16.5 Activpayroll Recent Developments
- 9.17 Zalaris
- 9.17.1 Zalaris Payroll Outsourcing Services Basic Information
- 9.17.2 Zalaris Payroll Outsourcing Services Product Overview
- 9.17.3 Zalaris Payroll Outsourcing Services Product Market Performance
- 9.17.4 Zalaris Business Overview
- 9.17.5 Zalaris Recent Developments
- 9.18 i-Admin
- 9.18.1 i-Admin Payroll Outsourcing Services Basic Information
- 9.18.2 i-Admin Payroll Outsourcing Services Product Overview
- 9.18.3 i-Admin Payroll Outsourcing Services Product Market Performance
- 9.18.4 i-Admin Business Overview
- 9.18.5 i-Admin Recent Developments
- 10 Payroll Outsourcing Services Regional Market Forecast
- 10.1 Global Payroll Outsourcing Services Market Size Forecast
- 10.2 Global Payroll Outsourcing Services Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Payroll Outsourcing Services Market Size Forecast by Country
- 10.2.3 Asia Pacific Payroll Outsourcing Services Market Size Forecast by Region
- 10.2.4 South America Payroll Outsourcing Services Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of Payroll Outsourcing Services by Country
- 11 Forecast Market by Type and by Application (2025-2030)
- 11.1 Global Payroll Outsourcing Services Market Forecast by Type (2025-2030)
- 11.2 Global Payroll Outsourcing Services Market Forecast by Application (2025-2030)
- 12 Conclusion and Key Findings
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