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Global Payroll Outsourcing Market Size By Segmentations, Top Key Players, Trend, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 11/23/2022
  • NO OF PAGES
  • 202
  • CATEGORY
  • Information Technology
The competitive landscape analysis of Payroll Outsourcing Market uncovers detailed company profiles, revenue shares, portfolio innovations, regional product footprint, key developmental strategies, pricing structure, target markets, and near-term plans of market leaders. This entire section helps readers gain an essence of what is driving competition and what would help them stand out to win new target markets.

Market estimates and forecast are backed by an extensive primary research, further complemented by on-point secondary research of Payroll Outsourcing Market. The research analysts have invested significant time and effort in gathering critical industry information from KIPs such as OEMs, top suppliers and distributors, and government bodies.

Market Segmentations:
Global Payroll Outsourcing Market: Top Key Players
ADP
Sage
Xerox
Paychex
Gusto
Intuit
Zalaris
Infosys
KPMG
Vision H.R.
Deloitte
Aurion
Activpayroll
Immedis
Ascender
NGA HR
Neeyamo
BDO
CloudPay
Excelity
i-Admin
TriNet
Payroll Outsourcing Breakdown Data by Type
Full-Managed Outsourcing
Co-Managed Outsourcing
Payroll Outsourcing Breakdown Data by Application
Small Business
Midsized Business
Large Business


Global Payroll Outsourcing Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase Payroll Outsourcing Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Payroll Outsourcing Revenue
1.4 Market Analysis by Type
1.4.1 Global Payroll Outsourcing Market Size Growth Rate by Type: 2022 VS 2030
1.4.2 Full-Managed Outsourcing
1.4.3 Co-Managed Outsourcing
1.5 Market by Application
1.5.1 Global Payroll Outsourcing Market Share by Application: 2022 VS 2030
1.5.2 Small Business
1.5.3 Midsized Business
1.5.4 Large Business
1.6 Coronavirus Disease 2019 (Covid-19): Payroll Outsourcing Industry Impact
1.6.1 How the Covid-19 is Affecting the Payroll Outsourcing Industry
1.6.1.1 Payroll Outsourcing Business Impact Assessment - Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Payroll Outsourcing Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Payroll Outsourcing Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

2 Global Growth Trends by Regions
2.1 Payroll Outsourcing Market Perspective (2016-2030)
2.2 Payroll Outsourcing Growth Trends by Regions
2.2.1 Payroll Outsourcing Market Size by Regions: 2016 VS 2022 VS 2030
2.2.2 Payroll Outsourcing Historic Market Share by Regions (2016-2021)
2.2.3 Payroll Outsourcing Forecasted Market Size by Regions (2022-2030)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porter’s Five Forces Analysis
2.3.5 Payroll Outsourcing Market Growth Strategy
2.3.6 Primary Interviews with Key Payroll Outsourcing Players (Opinion Leaders)

3 Competition Landscape by Key Players
3.1 Global Top Payroll Outsourcing Players by Market Size
3.1.1 Global Top Payroll Outsourcing Players by Revenue (2016-2021)
3.1.2 Global Payroll Outsourcing Revenue Market Share by Players (2016-2021)
3.1.3 Global Payroll Outsourcing Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Payroll Outsourcing Market Concentration Ratio
3.2.1 Global Payroll Outsourcing Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Payroll Outsourcing Revenue in 2021
3.3 Payroll Outsourcing Key Players Head office and Area Served
3.4 Key Players Payroll Outsourcing Product Solution and Service
3.5 Date of Enter into Payroll Outsourcing Market
3.6 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type (2016-2030)
4.1 Global Payroll Outsourcing Historic Market Size by Type (2016-2021)
4.2 Global Payroll Outsourcing Forecasted Market Size by Type (2022-2030)

5 Payroll Outsourcing Breakdown Data by Application (2016-2030)
5.1 Global Payroll Outsourcing Market Size by Application (2016-2021)
5.2 Global Payroll Outsourcing Forecasted Market Size by Application (2022-2030)

6 North America
6.1 North America Payroll Outsourcing Market Size (2016-2021)
6.2 Payroll Outsourcing Key Players in North America (2016-2021)
6.3 North America Payroll Outsourcing Market Size by Type (2016-2021)
6.4 North America Payroll Outsourcing Market Size by Application (2016-2021)

7 Europe
7.1 Europe Payroll Outsourcing Market Size (2016-2021)
7.2 Payroll Outsourcing Key Players in Europe (2016-2021)
7.3 Europe Payroll Outsourcing Market Size by Type (2016-2021)
7.4 Europe Payroll Outsourcing Market Size by Application (2016-2021)

8 China
8.1 China Payroll Outsourcing Market Size (2016-2021)
8.2 Payroll Outsourcing Key Players in China (2016-2021)
8.3 China Payroll Outsourcing Market Size by Type (2016-2021)
8.4 China Payroll Outsourcing Market Size by Application (2016-2021)

9 Japan
9.1 Japan Payroll Outsourcing Market Size (2016-2021)
9.2 Payroll Outsourcing Key Players in Japan (2016-2021)
9.3 Japan Payroll Outsourcing Market Size by Type (2016-2021)
9.4 Japan Payroll Outsourcing Market Size by Application (2016-2021)

10 Southeast Asia
10.1 Southeast Asia Payroll Outsourcing Market Size (2016-2021)
10.2 Payroll Outsourcing Key Players in Southeast Asia (2016-2021)
10.3 Southeast Asia Payroll Outsourcing Market Size by Type (2016-2021)
10.4 Southeast Asia Payroll Outsourcing Market Size by Application (2016-2021)

11 India
11.1 India Payroll Outsourcing Market Size (2016-2021)
11.2 Payroll Outsourcing Key Players in India (2016-2021)
11.3 India Payroll Outsourcing Market Size by Type (2016-2021)
11.4 India Payroll Outsourcing Market Size by Application (2016-2021)

12 Central & South America
12.1 Central & South America Payroll Outsourcing Market Size (2016-2021)
12.2 Payroll Outsourcing Key Players in Central & South America (2016-2021)
12.3 Central & South America Payroll Outsourcing Market Size by Type (2016-2021)
12.4 Central & South America Payroll Outsourcing Market Size by Application (2016-2021)

13 Key Players Profiles
13.1 ADP
13.1.1 ADP Company Details
13.1.2 ADP Business Overview and Its Total Revenue
13.1.3 ADP Payroll Outsourcing Introduction
13.1.4 ADP Revenue in Payroll Outsourcing Business (2016-2021)
13.1.5 ADP Recent Development
13.2 Sage
13.2.1 Sage Company Details
13.2.2 Sage Business Overview and Its Total Revenue
13.2.3 Sage Payroll Outsourcing Introduction
13.2.4 Sage Revenue in Payroll Outsourcing Business (2016-2021)
13.2.5 Sage Recent Development
13.3 Xerox
13.3.1 Xerox Company Details
13.3.2 Xerox Business Overview and Its Total Revenue
13.3.3 Xerox Payroll Outsourcing Introduction
13.3.4 Xerox Revenue in Payroll Outsourcing Business (2016-2021)
13.3.5 Xerox Recent Development
13.4 Paychex
13.4.1 Paychex Company Details
13.4.2 Paychex Business Overview and Its Total Revenue
13.4.3 Paychex Payroll Outsourcing Introduction
13.4.4 Paychex Revenue in Payroll Outsourcing Business (2016-2021)
13.4.5 Paychex Recent Development
13.5 Gusto
13.5.1 Gusto Company Details
13.5.2 Gusto Business Overview and Its Total Revenue
13.5.3 Gusto Payroll Outsourcing Introduction
13.5.4 Gusto Revenue in Payroll Outsourcing Business (2016-2021)
13.5.5 Gusto Recent Development
13.6 Intuit
13.6.1 Intuit Company Details
13.6.2 Intuit Business Overview and Its Total Revenue
13.6.3 Intuit Payroll Outsourcing Introduction
13.6.4 Intuit Revenue in Payroll Outsourcing Business (2016-2021)
13.6.5 Intuit Recent Development
13.7 Zalaris
13.7.1 Zalaris Company Details
13.7.2 Zalaris Business Overview and Its Total Revenue
13.7.3 Zalaris Payroll Outsourcing Introduction
13.7.4 Zalaris Revenue in Payroll Outsourcing Business (2016-2021)
13.7.5 Zalaris Recent Development
13.8 Infosys
13.8.1 Infosys Company Details
13.8.2 Infosys Business Overview and Its Total Revenue
13.8.3 Infosys Payroll Outsourcing Introduction
13.8.4 Infosys Revenue in Payroll Outsourcing Business (2016-2021)
13.8.5 Infosys Recent Development
13.9 KPMG
13.9.1 KPMG Company Details
13.9.2 KPMG Business Overview and Its Total Revenue
13.9.3 KPMG Payroll Outsourcing Introduction
13.9.4 KPMG Revenue in Payroll Outsourcing Business (2016-2021)
13.9.5 KPMG Recent Development
13.10 Vision H.R.
13.10.1 Vision H.R. Company Details
13.10.2 Vision H.R. Business Overview and Its Total Revenue
13.10.3 Vision H.R. Payroll Outsourcing Introduction
13.10.4 Vision H.R. Revenue in Payroll Outsourcing Business (2016-2021)
13.10.5 Vision H.R. Recent Development
13.11 Deloitte
10.11.1 Deloitte Company Details
10.11.2 Deloitte Business Overview and Its Total Revenue
10.11.3 Deloitte Payroll Outsourcing Introduction
10.11.4 Deloitte Revenue in Payroll Outsourcing Business (2016-2021)
10.11.5 Deloitte Recent Development
13.12 Aurion
10.12.1 Aurion Company Details
10.12.2 Aurion Business Overview and Its Total Revenue
10.12.3 Aurion Payroll Outsourcing Introduction
10.12.4 Aurion Revenue in Payroll Outsourcing Business (2016-2021)
10.12.5 Aurion Recent Development
13.13 Activpayroll
10.13.1 Activpayroll Company Details
10.13.2 Activpayroll Business Overview and Its Total Revenue
10.13.3 Activpayroll Payroll Outsourcing Introduction
10.13.4 Activpayroll Revenue in Payroll Outsourcing Business (2016-2021)
10.13.5 Activpayroll Recent Development
13.14 Immedis
10.14.1 Immedis Company Details
10.14.2 Immedis Business Overview and Its Total Revenue
10.14.3 Immedis Payroll Outsourcing Introduction
10.14.4 Immedis Revenue in Payroll Outsourcing Business (2016-2021)
10.14.5 Immedis Recent Development
13.15 Ascender
10.15.1 Ascender Company Details
10.15.2 Ascender Business Overview and Its Total Revenue
10.15.3 Ascender Payroll Outsourcing Introduction
10.15.4 Ascender Revenue in Payroll Outsourcing Business (2016-2021)
10.15.5 Ascender Recent Development
13.16 NGA HR
10.16.1 NGA HR Company Details
10.16.2 NGA HR Business Overview and Its Total Revenue
10.16.3 NGA HR Payroll Outsourcing Introduction
10.16.4 NGA HR Revenue in Payroll Outsourcing Business (2016-2021)
10.16.5 NGA HR Recent Development
13.17 Neeyamo
10.17.1 Neeyamo Company Details
10.17.2 Neeyamo Business Overview and Its Total Revenue
10.17.3 Neeyamo Payroll Outsourcing Introduction
10.17.4 Neeyamo Revenue in Payroll Outsourcing Business (2016-2021)
10.17.5 Neeyamo Recent Development
13.18 BDO
10.18.1 BDO Company Details
10.18.2 BDO Business Overview and Its Total Revenue
10.18.3 BDO Payroll Outsourcing Introduction
10.18.4 BDO Revenue in Payroll Outsourcing Business (2016-2021)
10.18.5 BDO Recent Development
13.19 CloudPay
10.19.1 CloudPay Company Details
10.19.2 CloudPay Business Overview and Its Total Revenue
10.19.3 CloudPay Payroll Outsourcing Introduction
10.19.4 CloudPay Revenue in Payroll Outsourcing Business (2016-2021)
10.19.5 CloudPay Recent Development
13.20 Excelity
10.20.1 Excelity Company Details
10.20.2 Excelity Business Overview and Its Total Revenue
10.20.3 Excelity Payroll Outsourcing Introduction
10.20.4 Excelity Revenue in Payroll Outsourcing Business (2016-2021)
10.20.5 Excelity Recent Development
13.21 i-Admin
10.21.1 i-Admin Company Details
10.21.2 i-Admin Business Overview and Its Total Revenue
10.21.3 i-Admin Payroll Outsourcing Introduction
10.21.4 i-Admin Revenue in Payroll Outsourcing Business (2016-2021)
10.21.5 i-Admin Recent Development
13.22 TriNet
10.22.1 TriNet Company Details
10.22.2 TriNet Business Overview and Its Total Revenue
10.22.3 TriNet Payroll Outsourcing Introduction
10.22.4 TriNet Revenue in Payroll Outsourcing Business (2016-2021)
10.22.5 TriNet Recent Development

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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