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.
This report aims to provide a comprehensive presentation of the global market for Payroll Outsourcing Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Payroll Outsourcing Services. This report contains market size and forecasts of Payroll Outsourcing Services in global, including the following market information:
Global Payroll Outsourcing Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Payroll Outsourcing Services market was valued at US$ 7830.2 million in 2022 and is projected to reach US$ 11600 million by 2029, at a CAGR of 5.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Payroll Outsourcing Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Payroll Outsourcing Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Payroll Outsourcing Services Market Segment Percentages, by Type, 2022 (%)
Full-Managed Outsourcing
Co-Managed Outsourcing
Global Payroll Outsourcing Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Payroll Outsourcing Services Market Segment Percentages, by Application, 2022 (%)
Small Business
Midsized Business
Large Enterprise
Global Payroll Outsourcing Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Payroll Outsourcing Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Payroll Outsourcing Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Payroll Outsourcing Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ADP
Intuit
TriNet
Alight Solutions
Deloitte
KPMG
Paychex
Infosys
BDO
Ceridian
TMF Group
Immedis
Neeyamo
CloudPay
Aurion
Activpayroll
Zalaris
i-Admin
Outline of Major Chapters:
Chapter 1: Introduces the definition of Payroll Outsourcing Services, market overview.
Chapter 2: Global Payroll Outsourcing Services market size in revenue.
Chapter 3: Detailed analysis of Payroll Outsourcing Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by 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 6: Sales of Payroll Outsourcing Services in regional level and country level. It 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
