Global Payroll Outsourcing Market / Sector Size, Status and Forecast 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Payroll Outsourcing Market


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. Overall, the Payroll Outsourcing products performance is positive with the current environment status. There are many different types of Payroll Outsourcing. The market can be segmented into: Full-Managed Outsourcing and Co-Managed Outsourcing. Full-Managed Outsourcing is the most commonly used and efficient types and took 61.58% market share in 2018. By application, Small Business is the largest consumer group, with consumption market share of 40.92% in 2018. In 2018, the global Payroll Outsourcing market size was 8297 million US$ and it is expected to reach 12380 million US$ by the end of 2025, with a CAGR of 6.0% during 2019-2025. This report focuses on the global Payroll Outsourcing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Payroll Outsourcing development in United States, Europe and China.

Market Segmentation, Outlook & Viewpoint: Global Payroll Outsourcing Market

Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:

Full-Managed Outsourcing
Co-Managed OutsourcingFull-managed outsourcing occupies over 60% market share in 2018.Co-managed outsourcing takes no more than 40% market share in 2018.

Segmentation by Application : Breakdown of data from year 2014 to 2019 and forecast until 2025:

Small Business
Midsized Business
Large BusinessSmall business is the largest segment of payroll outsoucing, with a market share of 40% in 2018.Midsized business takes over 32% market share in 2018 but it may reduce a bit by 2025.Large business' market share is only 26% in 2018,and it will be almost 30% by 2025.

Top Companies & Key Players: Global Payroll Outsourcing Market


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

Key Insights Covered: Global Payroll Outsourcing Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Payroll Outsourcing industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Payroll Outsourcing industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Payroll Outsourcing industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Payroll Outsourcing industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Payroll Outsourcing industry.

Research Methodology: Global Payroll Outsourcing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.