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hr and payroll outsourcing service Market
HR and Payroll Outsourcing Service Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Service Type (Payroll, HR); End-User (Small and Medium Enterprise, Large Enterprise); Industry Vertical (Manufacturing, Retail and Consumer Goods, BFSI, Educational Institution and Universities, Others) and Geography
- Code: TIP00027430
- The Insight Partners
- Feb-2024
- Technology and Telecom
- 150 Pages
- Upcoming
HR and payroll outsourcing are a sustainable and competitive methods for managing costs and allowing an organization's core resources to concentrate on strategic initiatives rather than handling transactional activities in the HR operations. This, in turn, has facilitated HR professionals in being more strategic people managers through outsourcing some of the operational and administrative tasks. Comprehensive HR and payroll outsourcing is achieved by offloading multiple technologies and processes such as benefits and payroll.
MARKET DYNAMICS
Some of the major drivers boosting the growth of HR and payroll outsourcing service market are the increasing focus towards improving the overall efficiency and better focus on business operations. Further, increase in the usage of the IoT is likely to boost the growth and adoption of the market in the projected forecast period.
MARKET SCOPE
The "Global HR and Payroll Outsourcing Service Market Analysis to 2027" is a specialized and in-depth study of the HR and payroll outsourcing service industry with a special focus on the global market trend analysis. The report aims to provide an overview of HR and payroll outsourcing service market with detailed market segmentation by service type, end-user, industry vertical, and geography. The global HR and payroll outsourcing service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HR and payroll outsourcing service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global HR and payroll outsourcing service market is segmented on the basis of service type, end-user, and industry vertical. Based on service type, the HR and payroll outsourcing service market is divided into HR and payroll. Based on end-user, the HR and payroll outsourcing service market is segmented as small and medium enterprise and large enterprise. Further, based on industry vertical, the market is segmented as manufacturing, retail and consumer goods, BFSI, educational institution and universities, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global HR and payroll outsourcing service market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The HR and payroll outsourcing service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting HR and payroll outsourcing service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the HR and payroll outsourcing service market for each region.
MARKET PLAYERS
The reports cover key developments in the HR and payroll outsourcing service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from HR and payroll outsourcing service market are anticipated to lucrative growth opportunities in the future with the rising demand for HR and payroll outsourcing service in the global market. Below mentioned is the list of few companies engaged in the HR and payroll outsourcing service market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Accenture Plc
- ADP, LLC
- General Outsourcing Co., Ltd.
- Hexamatics Servcomm Sdn Bhd
- i-Admin Payroll & HR Services
- Infosys Ltd.
- NGA Human Resources
- Paychex, Inc.
- Sage Group Plc
- Xerox Corporation
TABLE OF CONTENTS
1. INTRODUCTION1.1. SCOPE OF THE STUDY
1.2. PUBLISHERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 HR And Payroll Outsourcing Service Market - By Service Type
1.3.2 HR And Payroll Outsourcing Service Market - By End-User
1.3.3 HR And Payroll Outsourcing Service Market - By Industry Vertical
1.3.4 HR And Payroll Outsourcing Service Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HR AND PAYROLL OUTSOURCING SERVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HR AND PAYROLL OUTSOURCING SERVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HR AND PAYROLL OUTSOURCING SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. HR AND PAYROLL OUTSOURCING SERVICE - GLOBAL MARKET OVERVIEW
6.2. HR AND PAYROLL OUTSOURCING SERVICE - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. HR AND PAYROLL OUTSOURCING SERVICE MARKET - REVENUE AND FORECASTS TO 2027 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. PAYROLL
7.3.1. Overview
7.3.2. Payroll Market Forecast and Analysis
7.4. HR
7.4.1. Overview
7.4.2. HR Market Forecast and Analysis
8. HR AND PAYROLL OUTSOURCING SERVICE MARKET - REVENUE AND FORECASTS TO 2027 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. SMALL AND MEDIUM ENTERPRISE
8.3.1. Overview
8.3.2. Small and Medium Enterprise Market Forecast and Analysis
8.4. LARGE ENTERPRISE
8.4.1. Overview
8.4.2. Large Enterprise Market Forecast and Analysis
9. HR AND PAYROLL OUTSOURCING SERVICE MARKET - REVENUE AND FORECASTS TO 2027 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. MANUFACTURING
9.3.1. Overview
9.3.2. Manufacturing Market Forecast and Analysis
9.4. RETAIL AND CONSUMER GOODS
9.4.1. Overview
9.4.2. Retail and Consumer Goods Market Forecast and Analysis
9.5. BFSI
9.5.1. Overview
9.5.2. BFSI Market Forecast and Analysis
9.6. EDUCATIONAL INSTITUTION AND UNIVERSITIES
9.6.1. Overview
9.6.2. Educational Institution and Universities Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. HR AND PAYROLL OUTSOURCING SERVICE MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America HR And Payroll Outsourcing Service Market Overview
10.1.2 North America HR And Payroll Outsourcing Service Market Forecasts and Analysis
10.1.3 North America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Service Type
10.1.4 North America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By End-User
10.1.5 North America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Countries
10.1.6.1 United States HR And Payroll Outsourcing Service Market
10.1.6.1.1 United States HR And Payroll Outsourcing Service Market by Service Type
10.1.6.1.2 United States HR And Payroll Outsourcing Service Market by End-User
10.1.6.1.3 United States HR And Payroll Outsourcing Service Market by Industry Vertical
10.1.6.2 Canada HR And Payroll Outsourcing Service Market
10.1.6.2.1 Canada HR And Payroll Outsourcing Service Market by Service Type
10.1.6.2.2 Canada HR And Payroll Outsourcing Service Market by End-User
10.1.6.2.3 Canada HR And Payroll Outsourcing Service Market by Industry Vertical
10.1.6.3 Mexico HR And Payroll Outsourcing Service Market
10.1.6.3.1 Mexico HR And Payroll Outsourcing Service Market by Service Type
10.1.6.3.2 Mexico HR And Payroll Outsourcing Service Market by End-User
10.1.6.3.3 Mexico HR And Payroll Outsourcing Service Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe HR And Payroll Outsourcing Service Market Overview
10.2.2 Europe HR And Payroll Outsourcing Service Market Forecasts and Analysis
10.2.3 Europe HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Service Type
10.2.4 Europe HR And Payroll Outsourcing Service Market Forecasts and Analysis - By End-User
10.2.5 Europe HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Countries
10.2.6.1 Germany HR And Payroll Outsourcing Service Market
10.2.6.1.1 Germany HR And Payroll Outsourcing Service Market by Service Type
10.2.6.1.2 Germany HR And Payroll Outsourcing Service Market by End-User
10.2.6.1.3 Germany HR And Payroll Outsourcing Service Market by Industry Vertical
10.2.6.2 France HR And Payroll Outsourcing Service Market
10.2.6.2.1 France HR And Payroll Outsourcing Service Market by Service Type
10.2.6.2.2 France HR And Payroll Outsourcing Service Market by End-User
10.2.6.2.3 France HR And Payroll Outsourcing Service Market by Industry Vertical
10.2.6.3 Italy HR And Payroll Outsourcing Service Market
10.2.6.3.1 Italy HR And Payroll Outsourcing Service Market by Service Type
10.2.6.3.2 Italy HR And Payroll Outsourcing Service Market by End-User
10.2.6.3.3 Italy HR And Payroll Outsourcing Service Market by Industry Vertical
10.2.6.4 United Kingdom HR And Payroll Outsourcing Service Market
10.2.6.4.1 United Kingdom HR And Payroll Outsourcing Service Market by Service Type
10.2.6.4.2 United Kingdom HR And Payroll Outsourcing Service Market by End-User
10.2.6.4.3 United Kingdom HR And Payroll Outsourcing Service Market by Industry Vertical
10.2.6.5 Russia HR And Payroll Outsourcing Service Market
10.2.6.5.1 Russia HR And Payroll Outsourcing Service Market by Service Type
10.2.6.5.2 Russia HR And Payroll Outsourcing Service Market by End-User
10.2.6.5.3 Russia HR And Payroll Outsourcing Service Market by Industry Vertical
10.2.6.6 Rest of Europe HR And Payroll Outsourcing Service Market
10.2.6.6.1 Rest of Europe HR And Payroll Outsourcing Service Market by Service Type
10.2.6.6.2 Rest of Europe HR And Payroll Outsourcing Service Market by End-User
10.2.6.6.3 Rest of Europe HR And Payroll Outsourcing Service Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific HR And Payroll Outsourcing Service Market Overview
10.3.2 Asia-Pacific HR And Payroll Outsourcing Service Market Forecasts and Analysis
10.3.3 Asia-Pacific HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Service Type
10.3.4 Asia-Pacific HR And Payroll Outsourcing Service Market Forecasts and Analysis - By End-User
10.3.5 Asia-Pacific HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Countries
10.3.6.1 Australia HR And Payroll Outsourcing Service Market
10.3.6.1.1 Australia HR And Payroll Outsourcing Service Market by Service Type
10.3.6.1.2 Australia HR And Payroll Outsourcing Service Market by End-User
10.3.6.1.3 Australia HR And Payroll Outsourcing Service Market by Industry Vertical
10.3.6.2 China HR And Payroll Outsourcing Service Market
10.3.6.2.1 China HR And Payroll Outsourcing Service Market by Service Type
10.3.6.2.2 China HR And Payroll Outsourcing Service Market by End-User
10.3.6.2.3 China HR And Payroll Outsourcing Service Market by Industry Vertical
10.3.6.3 India HR And Payroll Outsourcing Service Market
10.3.6.3.1 India HR And Payroll Outsourcing Service Market by Service Type
10.3.6.3.2 India HR And Payroll Outsourcing Service Market by End-User
10.3.6.3.3 India HR And Payroll Outsourcing Service Market by Industry Vertical
10.3.6.4 Japan HR And Payroll Outsourcing Service Market
10.3.6.4.1 Japan HR And Payroll Outsourcing Service Market by Service Type
10.3.6.4.2 Japan HR And Payroll Outsourcing Service Market by End-User
10.3.6.4.3 Japan HR And Payroll Outsourcing Service Market by Industry Vertical
10.3.6.5 South Korea HR And Payroll Outsourcing Service Market
10.3.6.5.1 South Korea HR And Payroll Outsourcing Service Market by Service Type
10.3.6.5.2 South Korea HR And Payroll Outsourcing Service Market by End-User
10.3.6.5.3 South Korea HR And Payroll Outsourcing Service Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific HR And Payroll Outsourcing Service Market
10.3.6.6.1 Rest of Asia-Pacific HR And Payroll Outsourcing Service Market by Service Type
10.3.6.6.2 Rest of Asia-Pacific HR And Payroll Outsourcing Service Market by End-User
10.3.6.6.3 Rest of Asia-Pacific HR And Payroll Outsourcing Service Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa HR And Payroll Outsourcing Service Market Overview
10.4.2 Middle East and Africa HR And Payroll Outsourcing Service Market Forecasts and Analysis
10.4.3 Middle East and Africa HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Service Type
10.4.4 Middle East and Africa HR And Payroll Outsourcing Service Market Forecasts and Analysis - By End-User
10.4.5 Middle East and Africa HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa HR And Payroll Outsourcing Service Market
10.4.6.1.1 South Africa HR And Payroll Outsourcing Service Market by Service Type
10.4.6.1.2 South Africa HR And Payroll Outsourcing Service Market by End-User
10.4.6.1.3 South Africa HR And Payroll Outsourcing Service Market by Industry Vertical
10.4.6.2 Saudi Arabia HR And Payroll Outsourcing Service Market
10.4.6.2.1 Saudi Arabia HR And Payroll Outsourcing Service Market by Service Type
10.4.6.2.2 Saudi Arabia HR And Payroll Outsourcing Service Market by End-User
10.4.6.2.3 Saudi Arabia HR And Payroll Outsourcing Service Market by Industry Vertical
10.4.6.3 U.A.E HR And Payroll Outsourcing Service Market
10.4.6.3.1 U.A.E HR And Payroll Outsourcing Service Market by Service Type
10.4.6.3.2 U.A.E HR And Payroll Outsourcing Service Market by End-User
10.4.6.3.3 U.A.E HR And Payroll Outsourcing Service Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa HR And Payroll Outsourcing Service Market
10.4.6.4.1 Rest of Middle East and Africa HR And Payroll Outsourcing Service Market by Service Type
10.4.6.4.2 Rest of Middle East and Africa HR And Payroll Outsourcing Service Market by End-User
10.4.6.4.3 Rest of Middle East and Africa HR And Payroll Outsourcing Service Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America HR And Payroll Outsourcing Service Market Overview
10.5.2 South and Central America HR And Payroll Outsourcing Service Market Forecasts and Analysis
10.5.3 South and Central America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Service Type
10.5.4 South and Central America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By End-User
10.5.5 South and Central America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America HR And Payroll Outsourcing Service Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil HR And Payroll Outsourcing Service Market
10.5.6.1.1 Brazil HR And Payroll Outsourcing Service Market by Service Type
10.5.6.1.2 Brazil HR And Payroll Outsourcing Service Market by End-User
10.5.6.1.3 Brazil HR And Payroll Outsourcing Service Market by Industry Vertical
10.5.6.2 Argentina HR And Payroll Outsourcing Service Market
10.5.6.2.1 Argentina HR And Payroll Outsourcing Service Market by Service Type
10.5.6.2.2 Argentina HR And Payroll Outsourcing Service Market by End-User
10.5.6.2.3 Argentina HR And Payroll Outsourcing Service Market by Industry Vertical
10.5.6.3 Rest of South and Central America HR And Payroll Outsourcing Service Market
10.5.6.3.1 Rest of South and Central America HR And Payroll Outsourcing Service Market by Service Type
10.5.6.3.2 Rest of South and Central America HR And Payroll Outsourcing Service Market by End-User
10.5.6.3.3 Rest of South and Central America HR And Payroll Outsourcing Service Market by Industry Vertical
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. HR AND PAYROLL OUTSOURCING SERVICE MARKET, KEY COMPANY PROFILES
12.1. ACCENTURE PLC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ADP, LLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. GENERAL OUTSOURCING CO., LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HEXAMATICS SERVCOMM SDN BHD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. I-ADMIN PAYROLL HR SERVICES
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. INFOSYS LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NGA HUMAN RESOURCES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PAYCHEX, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SAGE GROUP PLC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. XEROX CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT PUBLISHERS
13.2. GLOSSARY OF TERMS
LIST OF TABLES
LIST OF FIGURES
The List of Companies
1. Accenture Plc
2. ADP, LLC
3. General Outsourcing Co., Ltd.
4. Hexamatics Servcomm Sdn Bhd
5. i-Admin Payroll HR Services
6. Infosys Ltd.
7.NGA Human Resources
8. Paychex, Inc.
9. Sage Group Plc
10. Xerox Corporation
1. Accenture Plc
2. ADP, LLC
3. General Outsourcing Co., Ltd.
4. Hexamatics Servcomm Sdn Bhd
5. i-Admin Payroll HR Services
6. Infosys Ltd.
7.NGA Human Resources
8. Paychex, Inc.
9. Sage Group Plc
10. Xerox Corporation