Global Payroll Outsourcing Services Market Growth (Status and Outlook) 2023-2029

Global Payroll Outsourcing Services Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Payroll Outsourcing Services Industry Forecast” looks at past sales and reviews total world Payroll Outsourcing Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Payroll Outsourcing Services sales for 2023 through 2029. With Payroll Outsourcing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Payroll Outsourcing Services industry.

This Insight Report provides a comprehensive analysis of the global Payroll Outsourcing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Payroll Outsourcing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Payroll Outsourcing Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Payroll Outsourcing Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Payroll Outsourcing Services.

The global Payroll Outsourcing Services market size is projected to grow from US$ 7444.4 million in 2022 to US$ 11390 million in 2029; it is expected to grow at a CAGR of 6.3% from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Payroll Outsourcing Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Full-Managed Outsourcing
Co-Managed Outsourcing

Segmentation by application
Small Business
Midsized Business
Large Enterprise

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ADP
Intuit
TriNet
Alight Solutions
Deloitte
KPMG
Paychex
Infosys
BDO
Ceridian
TMF Group
Immedis
Neeyamo
CloudPay
Aurion
Activpayroll
Zalaris
i-Admin

Please note: The report will take approximately 2 business days to prepare and deliver.