Payroll Outsourcing Services Market | Position of Accenture Plc, Automatic Data Processing Inc., Deloitte Touche Tohmatsu Ltd. to remain dominant during the forecast period

NEW YORK, Aug. 10, 2021 /PRNewswire/ -- The payroll outsourcing services market size is expected to increase by USD 5.01 billion during 2020-2024, registering a CAGR of almost 5% during the forecast period. The report offers a detailed analysis of the market positioning of various vendors including Accenture Plc (Ireland), Automatic Data Processing Inc. (US), Deloitte Touche Tohmatsu Ltd. (US), HP Inc. (US), International Business Machines Corp. (US), Infosys Ltd. (India), Sage Group Plc (UK), Wipro Ltd. (India), Workday Inc. (US), and Xerox Corp. (US).

More details: www.technavio.com/report/payroll-outsourcing-services-market-industry-analysis

The payroll outsourcing services market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.

The report identifies rising demand to reduce payroll-related costs as one of the major factors driving the growth of the market. The report also provides information on other latest trends and drivers impacting the overall market environment.

The payroll outsourcing services market is segmented by application (mid-market, national, and international), geography (North America, Europe, APAC, South America, and MEA), and product (hybrid and fully outsourced). The implementation of automation will be crucial in fueling the growth of the market over the forecast period.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The payroll outsourcing services market covers the following areas:

Payroll Outsourcing Services Market Sizing
Payroll Outsourcing Services Market Forecast
Payroll Outsourcing Services Market Analysis

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Companies Mentioned

• Accenture Plc
• Automatic Data Processing Inc.
• Deloitte Touche Tohmatsu Ltd.
• HP Inc.
• International Business Machines Corp.
• Infosys Ltd.
• Sage Group Plc
• Wipro Ltd.
• Workday Inc.
• Xerox Corp.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Hybrid - Market size and forecast 2019-2024
• Fully outsourced - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Application

• Market segments
• Comparison by Application
• Mid-market - Market size and forecast 2019-2024
• National - Market size and forecast 2019-2024
• Multinational - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Marker drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Accenture Plc
• Automatic Data Processing Inc.
• Deloitte Touche Tohmatsu Ltd.
• HP Inc.
• International Business Machines Corp.
• Infosys Ltd.
• Sage Group Plc
• Wipro Ltd.
• Workday Inc.
• Xerox Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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