NEW YORK, Aug. 10, 2021 /PRNewswire/ -- The payroll outsourcing services market size is expected to increase by USD 5.01 billion during 2020-2024, registering a CAGR of almost 5% during the forecast period. The report offers a detailed analysis of the market positioning of various vendors including Accenture Plc (Ireland), Automatic Data Processing Inc. (US), Deloitte Touche Tohmatsu Ltd. (US), HP Inc. (US), International Business Machines Corp. (US), Infosys Ltd. (India), Sage Group Plc (UK), Wipro Ltd. (India), Workday Inc. (US), and Xerox Corp. (US).
The payroll outsourcing services market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.
The report identifies rising demand to reduce payroll-related costs as one of the major factors driving the growth of the market. The report also provides information on other latest trends and drivers impacting the overall market environment.
The payroll outsourcing services market is segmented by application (mid-market, national, and international), geography (North America, Europe, APAC, South America, and MEA), and product (hybrid and fully outsourced). The implementation of automation will be crucial in fueling the growth of the market over the forecast period.
This report 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.
The payroll outsourcing services market covers the following areas:
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Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Hybrid - Market size and forecast 2019-2024
Fully outsourced - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Comparison by Application
Mid-market - Market size and forecast 2019-2024
National - Market size and forecast 2019-2024
Multinational - Market size and forecast 2019-2024
Market opportunity by Application
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Automatic Data Processing Inc.
Deloitte Touche Tohmatsu Ltd.
International Business Machines Corp.
Sage Group Plc
Scope of the report
Currency conversion rates for US$
List of abbreviations
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