Press release
Market Insights: Global Payroll Outsourcing Services Market 2017-2021 | ADP, Ceridian HCM, NGA Human Resources, Paychex
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 are 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 global payroll outsourcing services market to grow at a CAGR of 5.56% during the period 2017-2021. 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.
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Technavio's report, Global Payroll Outsourcing Services Market 2017-2021, has been prepared based on an in-depth 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.
Key vendors
- ADP
- Ceridian HCM
- NGA Human Resources
- Paychex
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
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
View Complete TOC with Tables and Figures at: https://www.researchmoz.us/global-payroll-outsourcing-services-market-2017-2021-report.html/toc
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?
ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
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