Global Payroll Outsourcing Services Market 2023-2027

Global Payroll Outsourcing Services Market 2023-2027

Technavio has been monitoring the payroll outsourcing services market and it is poised to grow by $7087.99 mn during 2023-2027, accelerating at a CAGR of 5.8% during the forecast period. Our report on the payroll outsourcing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing need for payroll cost visibility, escalating demand to reduce payroll-related costs, and increasing demand to standardize processes, technology, and governance.

Technavio's payroll outsourcing services market is segmented as below:

By Product

  • Hybrid
  • Fully outsourced
By Type
  • Mid-market
  • National
  • Multinational
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the rise of multi-country and centralized outsourcing models as one of the prime reasons driving the payroll outsourcing services market growth during the next few years. Also, the expansion of MNCs in South America and the implementation of automation will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the payroll outsourcing services market covers the following areas:
  • Payroll outsourcing services market sizing
  • Payroll outsourcing services market forecast
  • Payroll outsourcing services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading payroll outsourcing services market vendors that include Acara Solutions India, Accenture Plc, Alight Solutions LLC, Automatic Data Processing Inc, Ceridian HCM Holding Inc., Complete Payroll Solutions, Deloitte Touche Tohmatsu Ltd., Workday Inc., Wipro Ltd., The Access Group, TalentPro, Safeguard World International LLC, Ramco Systems Ltd., Paycor Inc., Paycom Software Inc., Intuit Inc., International Business Machines Corp., Infosys Ltd., Hexaware Technologies Ltd., and Hewlett Packard Enterprise Co. Also, the payroll outsourcing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global payroll outsourcing services market 2017 - 2021
      • Table Historic Market Size – Data Table on Global payroll outsourcing services market 2017 - 2021 ($ million)
    • Product Segment Analysis 2017 - 2021
      • Table Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Hybrid - Market size and forecast 2022-2027
      • Table Chart on Hybrid - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Hybrid - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Hybrid - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Hybrid - Year-over-year growth 2022-2027 (%)
    • Fully outsourced - Market size and forecast 2022-2027
      • Table Chart on Fully outsourced - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Fully outsourced - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Fully outsourced - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Fully outsourced - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Mid-market - Market size and forecast 2022-2027
      • Table Chart on Mid-market - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Mid-market - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Mid-market - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Mid-market - Year-over-year growth 2022-2027 (%)
    • National - Market size and forecast 2022-2027
      • Table Chart on National - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on National - Market size and forecast 2022-2027 ($ million)
      • Table Chart on National - Year-over-year growth 2022-2027 (%)
      • Table Data Table on National - Year-over-year growth 2022-2027 (%)
    • Multinational - Market size and forecast 2022-2027
      • Table Chart on Multinational - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Multinational - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Multinational - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Multinational - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Australia - Market size and forecast 2022-2027
      • Table Chart on Australia - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Australia - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Australia - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Australia - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing need for payroll cost visibility
      • Escalating demand to reduce payroll-related costs
      • Increasing demand to standardize processes, technology, and governance
    • Market challenges
      • Issues related to geographical transition
      • Inability to offer proven services
      • Data security risks
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Rise of multi-country and centralized outsourcing models
      • Expansion of MNCs in South America
      • Implementation of automation
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Acara Solutions India
      • Table Acara Solutions India - Overview
      • Table Acara Solutions India - Product / Service
      • Table Acara Solutions India - Key offerings
    • Accenture Plc
      • Table Accenture Plc - Overview
      • Table Accenture Plc - Business segments
      • Table Accenture Plc - Key news
      • Table Accenture Plc - Key offerings
      • Table Accenture Plc - Segment focus
    • Alight Solutions LLC
      • Table Alight Solutions LLC - Overview
      • Table Alight Solutions LLC - Product / Service
      • Table Alight Solutions LLC - Key offerings
    • Automatic Data Processing Inc
      • Table Automatic Data Processing Inc - Overview
      • Table Automatic Data Processing Inc - Business segments
      • Table Automatic Data Processing Inc - Key news
      • Table Automatic Data Processing Inc - Key offerings
      • Table Automatic Data Processing Inc - Segment focus
    • Ceridian HCM Holding Inc.
      • Table Ceridian HCM Holding Inc. - Overview
      • Table Ceridian HCM Holding Inc. - Product / Service
      • Table Ceridian HCM Holding Inc. - Key news
      • Table Ceridian HCM Holding Inc. - Key offerings
    • Complete Payroll Solutions
      • Table Complete Payroll Solutions - Overview
      • Table Complete Payroll Solutions - Product / Service
      • Table Complete Payroll Solutions - Key offerings
    • Deloitte Touche Tohmatsu Ltd.
      • Table Deloitte Touche Tohmatsu Ltd. - Overview
      • Table Deloitte Touche Tohmatsu Ltd. - Business segments
      • Table Deloitte Touche Tohmatsu Ltd. - Key offerings
      • Table Deloitte Touche Tohmatsu Ltd. - Segment focus
    • Hewlett Packard Enterprise Co.
      • Table Hewlett Packard Enterprise Co. - Overview
      • Table Hewlett Packard Enterprise Co. - Business segments
      • Table Hewlett Packard Enterprise Co. - Key news
      • Table Hewlett Packard Enterprise Co. - Key offerings
      • Table Hewlett Packard Enterprise Co. - Segment focus
    • Hexaware Technologies Ltd.
      • Table Hexaware Technologies Ltd. - Overview
      • Table Hexaware Technologies Ltd. - Product / Service
      • Table Hexaware Technologies Ltd. - Key offerings
    • Infosys Ltd.
      • Table Infosys Ltd. - Overview
      • Table Infosys Ltd. - Business segments
      • Table Infosys Ltd. - Key news
      • Table Infosys Ltd. - Key offerings
      • Table Infosys Ltd. - Segment focus
    • International Business Machines Corp.
      • Table International Business Machines Corp. - Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key news
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • Intuit Inc.
      • Table Intuit Inc. - Overview
      • Table Intuit Inc. - Business segments
      • Table Intuit Inc. - Key offerings
      • Table Intuit Inc. - Segment focus
    • Paycom Software Inc.
      • Table Paycom Software Inc. - Overview
      • Table Paycom Software Inc. - Product / Service
      • Table Paycom Software Inc. - Key offerings
    • Paycor Inc.
      • Table Paycor Inc. - Overview
      • Table Paycor Inc. - Product / Service
      • Table Paycor Inc. - Key offerings
    • Ramco Systems Ltd.
      • Table Ramco Systems Ltd. - Overview
      • Table Ramco Systems Ltd. - Business segments
      • Table Ramco Systems Ltd. - Key offerings
      • Table Ramco Systems Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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