Payroll Outsourcing Services 2017 Global Market Expected to Grow at CAGR 5.56% and Forecast to 2021

The analysts forecast the global payroll outsourcing services market to grow at a CAGR of 5.56% during the period 2017-2021.

Pune, India – August 2, 2017 /MarketersMedia/ —

Global Payroll Outsourcing Services Market

Description

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 set of services to enhance the existing function. Most of the payroll outsourcing functions are related to finance and accounting (F&A), human capital management (HCM), and shared service centers. Organizations maintaining 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 analysts forecast the global payroll outsourcing services market to grow at a CAGR of 5.56% during the period 2017-2021.

Covered in this report 
The report covers the present scenario and the growth prospects of the global payroll outsourcing services market for 2017-2021. To calculate the market size, the report considers the revenue generated from payroll services outsourced to third-party service providers.

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The Global Payroll Outsourcing Services Market 2017-2021, 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 HCM 
• NGA Human Resources 
• Paychex 

Other prominent vendors 
• Accenture 
• Caliber Point Business Solutions (Hexaware Technologies) 
• CGI Group 
• Genpact 
• Hewlett Packard Enterprise Development 
• IBM 
• Infosys 
• Intuit 
• Ramco Systems 
• SafeGuard World International 
• Workday

Market driver 
• Increasing demand to standardize processes, technology, and governance. 
• For a full, detailed list, view our report

Market challenge 
• Issues related to geographical transition. 
• For a full, detailed list, view our report

Market trend 
• Rise of multi-country and centralized outsourcing models. 
• For a full, detailed list, view our report

Key questions answered in this report 
• What will the market size be in 2021 and what will the growth rate be? 
• What are the key market trends? 
• What is driving this market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the key vendors? 
• What are the strengths and weaknesses of the key vendors?

Complete Report Details @ https://www.wiseguyreports.com/reports/1236420-global-payroll-outsourcing-services-market-2017-2021

Table of Contents -Major Key Points

PART 01: Executive summary 

PART 02: Scope of the report 

PART 03: Research Methodology

PART 04: Introduction 
• Key market highlights 

PART 05: Market landscape 

PART 06: Five forces analysis 

PART 07: Market segmentation by product 

PART 08: Market segmentation by end-user 

PART 09: Geographical segmentation 

PART 10: Decision framework 

PART 11: Drivers and challenges 
• Market drivers 
• Impact of drivers on key customer segments 
• Market challenges 
• Impact of challenges on key customer segments 

PART 12: Market trends 

PART 13: Vendor landscape 

PART 14: Key vendor profiles 
• ADP 
• Ceridian HCM 
• NGA Human Resources 
• Paychex 
• Other prominent vendors

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Release ID: 224323