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Global Payroll Outsourcing Market 2016-2020

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.

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

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
Key questions answered in this report
  • What will the market size be in 2020 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Payroll Outsourcing Market 2016-2020Technavio recognizes the following companies as the key players in the Global Payroll Outsourcing Market: ADP, Ceridian, Genpact, NGA and Workday.Other Prominent Vendors in the market are: Accenture, Caliber Point, Cegadim SRH, CGI, Excellerate HRO, HP, HR Access, IBM, Infosys, Logica, Neeyamo, Paychex, Ramco Systems, Safeguard, Steria, TDS and Workday.Commenting on the report, an analyst from Technavio’s team said: “MNCs are increasingly outsourcing their payroll functions to external outsourcing providers. Cost reduction, risk management, improved management control, compliance, and business expansion are some of the important factors driving companies to outsource payroll functions in Latin America.”According to the report, clients typically prefer vendors with domain expertise and those that conform to strict service levels agreements. The primary focus includes providing a hassle-free environment for HR professionals to drive and develop strategic activities, rather than spending time on administration and transactional duties.Further, the report states that Payroll companies that have never dealt with unique aspects of payroll functions might unknowingly introduce errors into the payroll system, resulting in administrative problems.

Companies Mentioned

ADP, Ceridian, Genpact, NGA, Workday, Accenture, Caliber Point, Cegadim SRH, CGI, Excellerate HRO, HP, HR Access, IBM, Infosys, Logica, Neeyamo, Paychex, Ramco Systems, Safeguard, Steria, TDS, Workday.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Industry overview
      • Table Segmentation of global BPO market
      • Table Global BPO market in public sector outsourcing
    • Market overview
      • Table Global payroll outsourcing market by function
    • Market size and forecast
      • Table Global payroll outsourcing market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Product segmentation
    • Segmentation of global payroll services by coverage
      • Table Global payroll outsourcing market by coverage 2015
  • Geographical segmentation
    • Geographical segmentation of global payroll outsourcing market
      • Table Geographical segmentation of global payroll outsourcing market 2015
      • Table Geographical segmentation of global payroll outsourcing market 2015-2020
    • Payroll outsourcing market in EMEA
      • Table Payroll outsourcing market in EMEA 2015-2020 ($ billions)
    • Payroll outsourcing market in Americas
      • Table Payroll outsourcing market in Americas 2015-2020 ($ billions)
    • Payroll outsourcing market in APAC
      • Table Payroll outsourcing market in APAC 2015-2020 ($ billions)
    • End-user segmentation of global payroll outsourcing market
      • Table Payroll outsourcing demand by industry verticals 2015
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • ADP
      • Table ADP: Business segmentation by revenue 2015
      • Table ADP: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table ADP: Geographical segmentation by revenue 2015
    • Ceridian
    • Genpact
      • Table Genpact: Business segmentation by revenue 2014
      • Table Genpact: Geographical segmentation by revenue 2014
    • NGA
      • Table NGA: Business segmentation by revenue 2014
    • Workday
      • Table Workday: Business segmentation by revenue 2015
      • Table Workday: Business segmentation by revenue 2014 and 2015 ($ millions)
      • Table Workday: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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