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Synopsis
Organizations may collaborate with an external firm to handle all their payroll functions to save valuable time and money – this is known as Payroll Outsourcing Services. These services can calculate employee pay, make payments to employees, and generate tax forms such as W-2s. Payroll outsourcing decreases the need for in-house trained payroll staff members, and there is also no requirement to purchase or maintain appropriate software packages.
The global Payroll Outsourcing Services market was valued at US$ 7609.9 million in 2023 and is anticipated to reach US$ 11680 million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.
Global key players of payroll outsourcing services include ADP, Intuit, TriNet and Alight Solutions, etc. The top four players hold a share over 30%.
America is dominating the global payroll outsourcing services market, has a share over 40% in terms of production. Americas is the largest market, has a share about 43%, followed by Europe and APAC, with share 29% and 24%, separately.
This report aims to provide a comprehensive presentation of the global market for Payroll Outsourcing Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Payroll Outsourcing Services.
Report Scope
The Payroll Outsourcing Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Payroll Outsourcing Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Payroll Outsourcing Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company (Partial List)
- ADP
- Intuit
- TriNet
- Alight Solutions
- Deloitte
- KPMG
- Paychex
- Infosys
- BDO
- Ceridian
- TMF Group
- Immedis
- Neeyamo
- CloudPay
- Aurion
- Activpayroll
- Zalaris
- i-Admin
Segment by Type
- Full-Managed Outsourcing
- Co-Managed Outsourcing
Segment by Application
- Small Business
- Midsized Business
- Large Enterprise
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Payroll Outsourcing Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Payroll Outsourcing Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Full-Managed Outsourcing
1.2.3 Co-Managed Outsourcing
1.3 Market by Application
1.3.1 Global Payroll Outsourcing Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Small Business
1.3.3 Midsized Business
1.3.4 Large Enterprise
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Payroll Outsourcing Services Market Perspective (2019-2030)
2.2 Payroll Outsourcing Services Growth Trends by Region
2.2.1 Global Payroll Outsourcing Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Payroll Outsourcing Services Historic Market Size by Region (2019-2024)
2.2.3 Payroll Outsourcing Services Forecasted Market Size by Region (2025-2030)
2.3 Payroll Outsourcing Services Market Dynamics
2.3.1 Payroll Outsourcing Services Industry Trends
2.3.2 Payroll Outsourcing Services Market Drivers
2.3.3 Payroll Outsourcing Services Market Challenges
2.3.4 Payroll Outsourcing Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Payroll Outsourcing Services Players by Revenue
3.1.1 Global Top Payroll Outsourcing Services Players by Revenue (2019-2024)
3.1.2 Global Payroll Outsourcing Services Revenue Market Share by Players (2019-2024)
3.2 Global Payroll Outsourcing Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Payroll Outsourcing Services Revenue
3.4 Global Payroll Outsourcing Services Market Concentration Ratio
3.4.1 Global Payroll Outsourcing Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Payroll Outsourcing Services Revenue in 2023
3.5 Payroll Outsourcing Services Key Players Head office and Area Served
3.6 Key Players Payroll Outsourcing Services Product Solution and Service
3.7 Date of Enter into Payroll Outsourcing Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Payroll Outsourcing Services Breakdown Data by Type
4.1 Global Payroll Outsourcing Services Historic Market Size by Type (2019-2024)
4.2 Global Payroll Outsourcing Services Forecasted Market Size by Type (2025-2030)
5 Payroll Outsourcing Services Breakdown Data by Application
5.1 Global Payroll Outsourcing Services Historic Market Size by Application (2019-2024)
5.2 Global Payroll Outsourcing Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Payroll Outsourcing Services Market Size (2019-2030)
6.2 North America Payroll Outsourcing Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Payroll Outsourcing Services Market Size by Country (2019-2024)
6.4 North America Payroll Outsourcing Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Payroll Outsourcing Services Market Size (2019-2030)
7.2 Europe Payroll Outsourcing Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Payroll Outsourcing Services Market Size by Country (2019-2024)
7.4 Europe Payroll Outsourcing Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Payroll Outsourcing Services Market Size (2019-2030)
8.2 Asia-Pacific Payroll Outsourcing Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Payroll Outsourcing Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Payroll Outsourcing Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Payroll Outsourcing Services Market Size (2019-2030)
9.2 Latin America Payroll Outsourcing Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Payroll Outsourcing Services Market Size by Country (2019-2024)
9.4 Latin America Payroll Outsourcing Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Payroll Outsourcing Services Market Size (2019-2030)
10.2 Middle East & Africa Payroll Outsourcing Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Payroll Outsourcing Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Payroll Outsourcing Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ADP
11.1.1 ADP Company Detail
11.1.2 ADP Business Overview
11.1.3 ADP Payroll Outsourcing Services Introduction
11.1.4 ADP Revenue in Payroll Outsourcing Services Business (2019-2024)
11.1.5 ADP Recent Development
11.2 Intuit
11.2.1 Intuit Company Detail
11.2.2 Intuit Business Overview
11.2.3 Intuit Payroll Outsourcing Services Introduction
11.2.4 Intuit Revenue in Payroll Outsourcing Services Business (2019-2024)
11.2.5 Intuit Recent Development
11.3 TriNet
11.3.1 TriNet Company Detail
11.3.2 TriNet Business Overview
11.3.3 TriNet Payroll Outsourcing Services Introduction
11.3.4 TriNet Revenue in Payroll Outsourcing Services Business (2019-2024)
11.3.5 TriNet Recent Development
11.4 Alight Solutions
11.4.1 Alight Solutions Company Detail
11.4.2 Alight Solutions Business Overview
11.4.3 Alight Solutions Payroll Outsourcing Services Introduction
11.4.4 Alight Solutions Revenue in Payroll Outsourcing Services Business (2019-2024)
11.4.5 Alight Solutions Recent Development
11.5 Deloitte
11.5.1 Deloitte Company Detail
11.5.2 Deloitte Business Overview
11.5.3 Deloitte Payroll Outsourcing Services Introduction
11.5.4 Deloitte Revenue in Payroll Outsourcing Services Business (2019-2024)
11.5.5 Deloitte Recent Development
11.6 KPMG
11.6.1 KPMG Company Detail
11.6.2 KPMG Business Overview
11.6.3 KPMG Payroll Outsourcing Services Introduction
11.6.4 KPMG Revenue in Payroll Outsourcing Services Business (2019-2024)
11.6.5 KPMG Recent Development
11.7 Paychex
11.7.1 Paychex Company Detail
11.7.2 Paychex Business Overview
11.7.3 Paychex Payroll Outsourcing Services Introduction
11.7.4 Paychex Revenue in Payroll Outsourcing Services Business (2019-2024)
11.7.5 Paychex Recent Development
11.8 Infosys
11.8.1 Infosys Company Detail
11.8.2 Infosys Business Overview
11.8.3 Infosys Payroll Outsourcing Services Introduction
11.8.4 Infosys Revenue in Payroll Outsourcing Services Business (2019-2024)
11.8.5 Infosys Recent Development
11.9 BDO
11.9.1 BDO Company Detail
11.9.2 BDO Business Overview
11.9.3 BDO Payroll Outsourcing Services Introduction
11.9.4 BDO Revenue in Payroll Outsourcing Services Business (2019-2024)
11.9.5 BDO Recent Development
11.10 Ceridian
11.10.1 Ceridian Company Detail
11.10.2 Ceridian Business Overview
11.10.3 Ceridian Payroll Outsourcing Services Introduction
11.10.4 Ceridian Revenue in Payroll Outsourcing Services Business (2019-2024)
11.10.5 Ceridian Recent Development
11.11 TMF Group
11.11.1 TMF Group Company Detail
11.11.2 TMF Group Business Overview
11.11.3 TMF Group Payroll Outsourcing Services Introduction
11.11.4 TMF Group Revenue in Payroll Outsourcing Services Business (2019-2024)
11.11.5 TMF Group Recent Development
11.12 Immedis
11.12.1 Immedis Company Detail
11.12.2 Immedis Business Overview
11.12.3 Immedis Payroll Outsourcing Services Introduction
11.12.4 Immedis Revenue in Payroll Outsourcing Services Business (2019-2024)
11.12.5 Immedis Recent Development
11.13 Neeyamo
11.13.1 Neeyamo Company Detail
11.13.2 Neeyamo Business Overview
11.13.3 Neeyamo Payroll Outsourcing Services Introduction
11.13.4 Neeyamo Revenue in Payroll Outsourcing Services Business (2019-2024)
11.13.5 Neeyamo Recent Development
11.14 CloudPay
11.14.1 CloudPay Company Detail
11.14.2 CloudPay Business Overview
11.14.3 CloudPay Payroll Outsourcing Services Introduction
11.14.4 CloudPay Revenue in Payroll Outsourcing Services Business (2019-2024)
11.14.5 CloudPay Recent Development
11.15 Aurion
11.15.1 Aurion Company Detail
11.15.2 Aurion Business Overview
11.15.3 Aurion Payroll Outsourcing Services Introduction
11.15.4 Aurion Revenue in Payroll Outsourcing Services Business (2019-2024)
11.15.5 Aurion Recent Development
11.16 Activpayroll
11.16.1 Activpayroll Company Detail
11.16.2 Activpayroll Business Overview
11.16.3 Activpayroll Payroll Outsourcing Services Introduction
11.16.4 Activpayroll Revenue in Payroll Outsourcing Services Business (2019-2024)
11.16.5 Activpayroll Recent Development
11.17 Zalaris
11.17.1 Zalaris Company Detail
11.17.2 Zalaris Business Overview
11.17.3 Zalaris Payroll Outsourcing Services Introduction
11.17.4 Zalaris Revenue in Payroll Outsourcing Services Business (2019-2024)
11.17.5 Zalaris Recent Development
11.18 i-Admin
11.18.1 i-Admin Company Detail
11.18.2 i-Admin Business Overview
11.18.3 i-Admin Payroll Outsourcing Services Introduction
11.18.4 i-Admin Revenue in Payroll Outsourcing Services Business (2019-2024)
11.18.5 i-Admin Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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