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Global Payroll Outsourcing Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecasts, 2014-2019 & 2020-2025 - ResearchAndMarkets.comThe "Payroll Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global payroll outsourcing market grew at a CAGR of around 6% during 2014-2019. Payroll outsourcing refers to the usage of third-party sources and organizations to manage administrative and compliance operations. It involves maintaining employee records, calculating salaries and wages, computing and adding bonuses, generating payroll-related reports, and complying with taxation laws applicable in different countries. It also assists organizations in saving costs and time, and reducing the need for in-house trained payroll staff, and purchasing and maintaining appropriate software packages. Besides this, it provides organizations dealing internationally with the advantage of staying updated with foreign tax legislation and avoiding any potential penalties. Due to the expanding geographical reach of organizations, there is a rise in the demand for time-saving and cost-effective measures, such as payroll outsourcing, that allow the management to focus on core issues and run the business smoothly. Moreover, the incorporation of digitized services, such as business analytics, big data and the cloud, is escalating the demand for payroll outsourcing across the globe. Furthermore, the rising trend of multi-country payroll outsourcing (MCPO), bundling payroll services and process automation is further contributing to the market growth. Apart from this, the leading players are providing hybrid payroll solutions that enable companies to decide upon customized payroll sub-services as per the requirement to avoid compromising confidential data. Additionally, on account of the spread of the coronavirus disease (COVID-19) and the consequent shift toward remote work by a number of orgnizations, market players are offering different ways to manage payroll operations online. Looking forward, the global payroll outsourcing market to continue its moderate growth during the next five years. Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Payroll Outsourcing Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Full-Managed Outsourcing 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Co-Managed Outsourcing 7 Market Breakup by Application 7.1 Small Business 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Medium Business 7.3 Large Business 8 Market Breakup by End Use Industry 8.1 BFSI 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Consumer and Industrial Products 8.3 IT and Telecommunication 8.4 Public Sector 8.5 Healthcare 8.6 Others 9 Market Breakup by Region 10 SWOT Analysis 10.1 Overview 10.2 Strengths 10.3 Weaknesses 10.4 Opportunities 10.5 Threats 11 Value Chain Analysis 12 Porters Five Forces Analysis 12.1 Overview 12.2 Bargaining Power of Buyers 12.3 Bargaining Power of Suppliers 12.4 Degree of Competition 12.5 Threat of New Entrants 12.6 Threat of Substitutes 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/i2kkq9
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