IND: Call Us +91 983 481 6757 | CANADA: Call Us +1 215 297 4078
  • Email [email protected]

Contrive Datum Insights

  • Home
  • Services
  • CATEGORIES
  • PRESS RELEASE
  • LATEST REPORTS
  • ABOUT US
  • CONTACT US
  1. Home
  2. Service and Software
  3. Payroll Outsourcing Market
Payroll Outsourcing Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030

Payroll Outsourcing Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition, and Forecasts 2022 to 2030

Region : Global | Format : report format | Report ID : 4836 | No. of Pages : 240

  • DESCRIPTION
  • TABLE OF CONTENT
  • METHODOLOGY
  • REPORT SCOPE

The global Payroll Outsourcing Market was valued at USD 9.9 billion in 2022 and is projected to reach USD 19.5 billion by 2030, growing at a CAGR of 7.2% between 2022 and 2031.

Payroll Outsourcing Market Overview

Payroll outsourcing is when an organization uses a third-party service provider to handle administrative and compliance tasks related to employee compensation. Depending on the payroll outsourcing company, this may include filing payroll taxes and payments on behalf of the organization. Due to the manual and time-consuming nature of these tasks, many companies choose to outsource payroll services. This automation of payroll processing allows HR and payroll managers to focus on more strategic tasks within their organization.
Payroll outsourcing frees up time for organizations to focus on their core business by taking on all payroll-related activities themselves. Additionally, the cost of outsourcing payroll reduces the need to train in-house payroll staff. Additionally, it eliminates the expense of purchasing and maintaining expensive payroll systems. Hence, these are some of the factors driving the growth of the payroll outsourcing market. However, the high cost of handing over confidential and sensitive employee information to third parties and outsourcing payroll are the major factors restraining the growth of the payroll outsourcing market outlook. On the contrary, the upgrade of payroll outsourcing services by organizations in order to improve efficiency is expected to provide lucrative growth opportunities for the payroll outsourcing market forecast period.

The Payroll Outsourcing Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Payroll Outsourcing market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: ADP, Sage, Xerox, Paychex, Gusto, Intuit, Zalaris, Infosys, KPMG, and others.

What are the major Applications, Types, and Regions for the Payroll Outsourcing Market?

Payroll Outsourcing Market, By Product Type

  • Fully Outsourced
  • Hybrid

Payroll Outsourcing Market, End-User

  • National
  • Multinational
  • Mid-market

Payroll Outsourcing Market Regional Insights:

Europe to register the highest growth in the payroll outsourcing market in 2021. This is attributed to the increasing demand for real-time data access and the growing usage of mobile and cloud-based applications in the region. Moreover, businesses are investing in cloud computing due to the harmonization of government regulations, which presents lucrative growth opportunities for the market in the European region in the future. Moreover, continuous efforts by key market players to improve system functionality and standardize administrative tasks to ensure efficiency and productivity are driving them to opt for payroll outsourcing.

Geographically, the global Payroll Outsourcing market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The Global region is dominating this market in the upcoming future.

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Payroll Outsourcing Market Report Scope:

Report Attributes

Details

Growth Rate

CAGR of 7.2% from 2022 to 2030.

By Type

  • Fully Outsourced
  • Hybrid

End-User

  • National
  • Multinational
  • Mid-market

By Companies 

ADP, Sage, Xerox, Paychex, Gusto, Intuit, Zalaris, Infosys, KPMG

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America(Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Base Year

 2022

Historical Year

 2017 to 2022

Forecast Year

 2023 to 2030

Frequently Asked Questions (FAQ) about the Payroll Outsourcing market:

What is the CAGR of the global Payroll Outsourcing market?

The Payroll Outsourcing Market is growing at a CAGR of 7.2% during the forecast period.

Which region would offer high growth for vendors in the Payroll Outsourcing market?

Europe to register the highest growth in the payroll outsourcing market in 2021.

Which Is the Most potential market segment?

Payroll Outsourcing Market, By Product Type

  • Fully Outsourced
  • Hybrid

Payroll Outsourcing Market, End-User

  • National
  • Multinational
  • Mid-market

Which are the top industry players in the Payroll Outsourcing market?

ADP, Sage, Xerox, Paychex, Gusto, Intuit, Zalaris, Infosys, KPMG

All of our reports are custom to your company's needs to some extent and we offer 5 hours of free consultation time with each report purchase, which will allow you to request any additional data to custom the report to your needs.
Choose License Type

Flat 20% Discount

  • Single User   USD 4500   5625
  • Multi User   USD 5800   7250
  • Enterprise User   USD 7000   8750
Request Sample
Inquire Before Buying
Get Special Pricing

Speak to the Analyst

Email Us

Contact Us

Related Reports

Report name Published Month
Facility Management Market Size, Share & Trends Estimation Report By Component Outlook (Strategic planning management, Real estate and lease management, Maintenance management & Others, Workplace and relocation management, Asset Management) By Industry Vertical Outlook (Public Sector, BFSI, Manufacturing, IT and Telecom, Healthcare, Retail, Education & Others) By End Use Outlook (Dermatology Clinics & MedSpa) By Region, And Segment Forecasts, 2022 - 2030 March 2023 Get sample pdf
Demand Side Platform Market Sales, Demand Outlook By Types, Channel & Region - Forecast 2023 - 2030 January 2023 Get sample pdf
Global Liability Insurance Market Insights, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030 December 2022 Get sample pdf
Contrive Datum Insights
  • FAQ’s
  • Payment Procedures
  • Sitemap
  • About us
  • Our Services
  • Contact Us
  • Become a Publisher
  • Terms and Conditions
  • Refund or Cancellation policy
  • Privacy policy
  • Disclaimer
  • ccavenue
  • visa
  • mastercard
Copyright© All Rights Reserved by Contrive Datum Insights Pvt. Ltd. All Rights Reserved.