Global Payroll Outsourcing Services Market 2024 by Company, Regions, Type and Application, Forecast to 2030
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.
According to our (Global Info Research) latest study, the global Payroll Outsourcing Services market size was valued at US$ 8455 million in 2023 and is forecast to a readjusted size of USD 12570 million by 2030 with a CAGR of 5.9% during review period.
Global key players of payroll outsourcing services include ADP, Intuit, TriNet and Alight Solutions, etc. The top four players hold a share over 30%. America is dominating the global payroll outsourcing services market, has a share over 40% in terms of production. Americas is the largest market, has a share about 43%, followed by Europe and APAC, with share 29% and 24%, separately.
This report is a detailed and comprehensive analysis for global Payroll Outsourcing Services market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Payroll Outsourcing Services market size and forecasts, in consumption value ($ Million), 2019-2030
Global Payroll Outsourcing Services market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Payroll Outsourcing Services market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030
Global Payroll Outsourcing Services market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Payroll Outsourcing Services
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Payroll Outsourcing Services market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ADP, Intuit, TriNet, Alight Solutions, Deloitte, KPMG, Paychex, Infosys, BDO, Ceridian, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Payroll Outsourcing Services market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation
Payroll Outsourcing Services market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Full-Managed Outsourcing
Co-Managed Outsourcing
Market segment by Application
Small Business
Midsized Business
Large Enterprise
Market segment by players, this report covers
ADP
Intuit
TriNet
Alight Solutions
Deloitte
KPMG
Paychex
Infosys
BDO
Ceridian
TMF Group
Immedis
Neeyamo
CloudPay
Aurion
Activpayroll
Zalaris
i-Admin
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Payroll Outsourcing Services product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Payroll Outsourcing Services, with revenue, gross margin, and global market share of Payroll Outsourcing Services from 2019 to 2024.
Chapter 3, the Payroll Outsourcing Services competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Payroll Outsourcing Services market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Payroll Outsourcing Services.
Chapter 13, to describe Payroll Outsourcing Services research findings and conclusion.