Press release
World Payroll Outsourcing Services Market (5.56% CAGR) During 2017 to 2021
The report covers the present scenario and the growth prospects of the global payroll outsourcing services market for 2017-2021. To calculate the market size, the report considers the revenue generated from payroll services outsourced to third-party service providers.
Complete Report available at http://www.reportsnreports.com/reports/976553-global-payroll-outsourcing-services-market-2017-2021.html
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 set of services to enhance the existing function. Most of the payroll outsourcing functions is related to finance and accounting (F&A), human capital management (HCM), and shared service centers. Organizations maintaining 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 market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Key vendors
• ADP
• Ceridian HCM
• NGA Human Resources
• Paychex
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Other prominent vendors
• Accenture
• Caliber Point Business Solutions (Hexaware Technologies)
• CGI Group
• Genpact
• Hewlett Packard Enterprise Development
• IBM
• Infosys
• Intuit
• Ramco Systems
• SafeGuard World International
• Workday
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Market driver
• Increasing demand to standardize processes, technology, and governance.
• For a full, detailed list, view our report
Market challenge
• Issues related to geographical transition.
• For a full, detailed list, view our report
Market trend
• Rise of multi-country and centralized outsourcing models.
• For a full, detailed list, view our report
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Key questions answered in this report
• What will the market size be in 2021 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?
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