2020 Global Payroll Outsourcing Market Revenue Analysis and Forecasts Report

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Payroll outsourcing is the fastest-growing segment of the global human resource outsourcing (HRO) market. Organizations are rapidly adopting payroll services to achieve cost reduction.

They either outsource a single process or the entire services to enhance the existing function.

Managing payroll in-house involves high costs. Organizations that maintain an in-house team for tasks such as payroll, time and attendance, workforce administration, and benefits administration spend 20% more than organizations that outsource the same functions.

The majority of payroll outsourcing functions are related to finance and accounting (F&A), human capital management (HCM), and shared service centers. The HR department uses outsourcing services more commonly than any other departments.

The analysts forecast global payroll outsourcing market to grow at a CAGR of 4.4% during the period 2016-2020.

Covered in this report The report covers the present scenario and the growth prospects of the global payroll outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from payroll services outsourced to third-party service provider.

The market is divided into the following segments based on geography:   

APAC Americas EMEA

The report, Global Payroll Outsourcing Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Global Payroll Outsourcing Market 2016-2020

Key vendors     

ADP Ceridian Genpact NGA Workday

Other prominent vendors                 

Accenture Caliber Point Cegadim SRH CGI Excellerate HRO HP HR Access IBM Infosys Logica Neeyamo Paychex Ramco Systems Safeguard Steria TDS Workday

Market driver 

Need for payroll cost visibility

Market challenge 

Inability to offer proven services

Market trend 

Improved usage of technology

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Global Payroll Outsourcing Market 2016-2020

Key questions answered in this report 1.

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What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

List of Exhibits Exhibit 01: Product offerings Exhibit 02: Segmentation of global BPO market Exhibit 03: Global BPO market in public sector outsourcing Exhibit 04: Global payroll outsourcing market by function Exhibit 05: Global payroll outsourcing market 2015-2020 ($ billions) Exhibit 06: Five forces analysis Exhibit 07: Global payroll outsourcing market by coverage 2015 Exhibit 08: Geographical segmentation of global payroll outsourcing market 2015 Exhibit 09: Geographical segmentation of global payroll outsourcing market 2015-2020 Exhibit 10: Payroll outsourcing market in EMEA 2015-2020 ($ billions) Exhibit 11: Payroll outsourcing market in Americas 2015-2020 ($ billions) Exhibit 12: Payroll outsourcing market in APAC 2015-2020 ($ billions) Exhibit 13: Payroll outsourcing demand by industry verticals 2015 Exhibit 14: Impact of drivers Exhibit 15: Impact of drivers and challenges Exhibit 16: ADP: Business segmentation by revenue 2015

Global Payroll Outsourcing Market 2016-2020

Exhibit 17: ADP: Business segmentation by revenue 2014 and 2015 ($ billions) Exhibit 18: ADP: Geographical segmentation by revenue 2015 Exhibit 19: Genpact: Business segmentation by revenue 2014 Exhibit 20: Genpact: Geographical segmentation by revenue 2014 Exhibit 21: NGA: Business segmentation by revenue 2014 Exhibit 22: Workday: Business segmentation by revenue 2015 Exhibit 23: Workday: Business segmentation by revenue 2014 and 2015 ($ millions) Exhibit 24: Workday: Geographical segmentation by revenue 2015 Browse All Reports on IT & Telecommunication About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

Global Payroll Outsourcing Market 2016-2020