Payroll & Bookkeeping Services in the US - Industry Market Research Report

Published by: IBISWorld

Published: Aug. 30, 2012 - 31 Pages


Table of Contents

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Abstract

Payroll & Bookkeeping Services in the US

Rising unemployment caused a fall in demand for payroll services during the past five years, with some companies choosing to bring their payroll and bookkeeping processes in-house to cut costs. As the economy improves and the labor market slowly revives, businesses will begin to outsource payroll services again, causing industry demand to rise. Nevertheless, the continued high unemployment rate will likely constrain profit margins.

Businesses in this industry provide outsourced payroll services for clients' employees. Basic bookkeeping services are also covered in this report. This industry does not include tax preparation firms and certified public accountants (CPAs).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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