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

PUNE, INDIA, May 3, 2017 /EINPresswire.com/ --

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.

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?

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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
• Market overview
• Market size and forecast

PART 06: Five forces analysis
• Five forces analysis

PART 07: Market segmentation by product
• Hybrid
• Fully outsourced

PART 08: Market segmentation by end-user
• Mid-market
• National
• Multinational

PART 09: Geographical segmentation
• Americas
• EMEA
• APAC

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
• Rise of multi-country and centralized outsourcing models
• Evolution of BPaaS
• Expansion of MNCs in South America
• Implementation of automation

PART 13: Vendor landscape
• Competitive scenario

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

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Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, Industryresearch reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

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