Global Payroll Outsourcing Market Will Reach At CAGR Of 4.4% Between 2016-2020

MarketReserchReports.biz has recently announced the addition of a market study “Global Payroll Outsourcing Market 2016-2020 ”

About Payroll Outsourcing

Payroll outsourcing is the fastest-growing segment of the global human resource outsourcing (HRO) market. Organizations are rapidly adopting payroll services to achieve cost reduction. They either outsource a single process or the entire services to enhance the existing function. Managing payroll in-house involves high costs. Organizations that maintain an in-house team for tasks such as payroll, time and attendance, workforce administration, and benefits administration spend 20% more than organizations that outsource the same functions.

The majority of payroll outsourcing functions are related to finance and accounting (F&A), human capital management (HCM), and shared service centers. The HR department uses outsourcing services more commonly than any other departments.

Technavios analysts forecast the global payroll outsourcing market to grow at a CAGR of 4.4% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global payroll outsourcing market for 2016-2020. To calculate the market size, the report considers the revenue generated from payroll services outsourced to third-party service provider.

The market is divided into the following segments based on geography:

• APAC

• Americas
• EMEA

Technavio's report, Global Payroll Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• ADP
• Ceridian
• Genpact
• NGA
• Workday

Other prominent vendors

• Accenture
• Caliber Point
• Cegadim SRH
• CGI
• Excellerate HRO
• HP
• HR Access
• IBM
• Infosys
• Logica
• Neeyamo
• Paychex
• Ramco Systems
• Safeguard
• Steria
• TDS
• Workday

Market driver

Need for payroll cost visibility

For a full, detailed list, view our report

Market challenge

Inability to offer proven services

For a full, detailed list, view our report

Market trend

Improved usage of technology

For a full, detailed list, view our report

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Table Of Content

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Industry overview

Market overview

Market size and forecast

Five forces analysis

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