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Insights on the Global Payroll Outsourcing Services Market 2020-2024: Implementation of Automation to Boost Growth - Technavio

12/03/2020 | 10:31am EST

The payroll outsourcing services market is expected to grow by USD 5.01 billion, progressing at a CAGR of almost 5% during the forecast period.
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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201203005600/en/

Technavio has announced its latest market research report titled Global Payroll Outsourcing Services Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Payroll Outsourcing Services Market 2020-2024 (Graphic: Business Wire)

The rising demand to reduce payroll-related costs is one of the major factors propelling market growth. However, factors such as the escalating demand to reduce payroll-related costs will hamper the market growth.

More details: https://www.technavio.com/report/payroll-outsourcing-services-market-industry-analysis

Payroll Outsourcing Services Market: Application Landscape

Based on the application landscape, the zappers segment is expected to post significant growth during the forecast period.

Payroll Outsourcing Services Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 55% of the market’s overall growth is expected to originate from North America. Market growth in this region will be faster than the growth of the market in other regions.

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Data Center Automation Software Market by Deployment and Geography - Forecast and Analysis 2020-2024: The data center automation software market size has the potential to grow by USD 12.73 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

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Companies Covered:

  • Accenture Plc
  • Automatic Data Processing Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • HP Inc.
  • International Business Machines Corp.
  • Infosys Ltd.
  • Sage Group Plc
  • Wipro Ltd.
  • Workday Inc.
  • and Xerox Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Hybrid - Market size and forecast 2019-2024
  • Fully outsourced - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Mid-market - Market size and forecast 2019-2024
  • National - Market size and forecast 2019-2024
  • Multinational - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Marker drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture Plc
  • Automatic Data Processing Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • HP Inc.
  • International Business Machines Corp.
  • Infosys Ltd.
  • Sage Group Plc
  • Wipro Ltd.
  • Workday Inc.
  • Xerox Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


© Business Wire 2020
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