Payroll Services Global Market Report 2024

Payroll Services Global Market Report 2024 – By Type (Payroll And Bookkeeping Services, Tax Preparation Services, Other Accounting Services), By Business Size (Small Business, Medium Business, Large Business), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), Consumer and Industrial Products, IT and Telecommunication, Public Sector, Healthcare, Other Industry Verticals) – Market Size, Trends, And Global Forecast 2024-2033

Name: Payroll Services Global Market Report 2024
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Payroll Services Global Market Report 2024

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Payroll Services Global Market Report 2023

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Payroll Services Market Definition

Payroll Services are third-party companies that assist businesses with payroll and HR functions using software and automated solutions. It makes operations related to correct and schedule payment easier, employee time and attendance, workers' compensation, payroll taxes, and direct deposit information.

The main types of payroll services are payroll and bookkeeping services, tax preparation services, and other accounting services, which are used in small businesses, medium-sized businesses, and large businesses. Payroll and bookkeeping services refer to the processes for paying and managing award rates to staff and the day-to-day management of the company's finances. These are used in several industry verticals, including BFSI, consumer and industrial products, IT and telecommunications, the public sector, healthcare, and others.

Payroll Services Market Segmentation

The payroll services market covered in this report is segmented –

1) By Type: Payroll And Bookkeeping Services, Tax Preparation Services, Other Accounting Services

2) By Business Size: Small Business, Medium Business, Large Business

3) By Industry Vertical: Banking, Financial Services and Insurance (BFSI), Consumer and Industrial Products, IT and Telecommunication, Public Sector, Healthcare, Other Industry Verticals

Global Payroll Services Market Size 2023 to 2028: Graph

Payroll Services Market Size 2024 And Growth Rate

The payroll services market size has grown steadily in recent years. It will grow from $75.21 billion in 2023 to $77.63 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to complex payroll regulations, small and medium-sized enterprises (SMEs) growth, globalization of businesses, focus on core competencies, competition for talent, cost savings and efficiency.

Payroll Services Market Growth Forecast

The payroll services market size is expected to see steady growth in the next few years. It will grow to $89.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to remote work and gig economy trends, compliance with evolving regulations, cybersecurity concerns, customization and scalability, strategic workforce planning. Major trends in the forecast period include integration of AI and automation, technological advancements, increased adoption of cloud-based payroll solutions, employee self-service portals, expansion of global payroll services.

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Payroll Services Market Driver: Mobile And Internet Proliferation Propelling Growth In Payroll Services Market

The increasing proliferation of mobile devices and the internet is expected to propel the growth of the payroll services market going forward. A mobile device refers to a compact, hand-held gadget that can make calls and contains a touch-screen display and other features. The majority of companies are introducing payroll apps to provide ease of use, unrivaled convenience, and the ability to increase employee engagement and business productivity. Thus, increasing penetration of mobile and internet will allow the users to access the payroll from anywhere. For instance, in November 2022, according to the International Telecommunication Union, a US-based specialized agency, individuals using the Internet worldwide reached 5.3 billion in 2022 from 4.9 billion in 2021. Therefore, the increasing proliferation of mobile devices and the internet are driving the payroll services market.

Payroll Services Market Driver: Remote Work Surge Accelerates Growth In Payroll Services Market

The surge in remote work is expected to propel the growth of the payroll services market going forward. Remote work refers to the practice of performing job responsibilities from a location outside the traditional office, often utilizing technology to connect with colleagues and complete tasks. Payroll services facilitate remote work by ensuring seamless and accurate processing of employee salaries, tax deductions, and compliance, irrespective of employees' physical locations. For instance, in September 2023, according to the Labour Market Information Council, a Canada-based non-profit organization, in 2021, over 25% of core-age employees in Canada were working remotely. Therefore, the surge in remote work is driving the payroll services market.

Global Payroll Services Market Major Players

Major companies operating in the payroll services market report are International Business Machines Corporation, Deloitte Touche Tohmatsu, PricewaterhouseCoopers International Ltd., Ernst and Young Global Limited, KPMG International Limited, Automatic Data Processing Inc., HCL Technologies Limited, BDO International Inc., Intuit Inc., Insperity Inc., Workday Inc., Paychex Inc., Alight Solutions Inc., Sage Group plc, Grant Thornton LLP, Paycom Software Inc., Ceridian Inc., Nethris Inc., Neeyamo Inc., Gusto Inc., Zalaris ASA, Papaya Global Inc., CloudPay Inc., Namely Inc., Keka Inc., OnPay Inc., HRMantra Software Pvt Ltd., Infosys BPM, Vision H.R., Populis Servicos

Global Payroll Services Market Trend: Transforming Payroll Management Through Innovative Hr Technology Integration

Technological advancements are a key trend gaining popularity in the payroll services market. Companies operating in the payroll services market are adopting new technologies to sustain their position in the market. For instance, in December 2021, HiBob, a Germany-based modern HR technology company, launched Payroll Hub, a central dashboard on the Bob platform that automatically changes the payroll information for businesses. The Payroll Hub allows managers to ensure that all data is accurate for upcoming pay cycles, saving time and lowering the risk of error. It integrates seamlessly with top payroll providers, including ADP Workforce Today, CloudPay, TriNet, Paylocity, and more. Payroll Hub supports both single-cycle and multi-cycle schedules to meet the unique demands of midsized businesses.

Global Payroll Services Market Trend: Expanding From Startups To Enterprises With Advanced Automated Solutions

Major companies operating in the payroll services market are focusing on developing automated payroll management solutions to address evolving industry needs. Automated payroll management solutions involve the use of technology to streamline and efficiently handle the process of paying employees. For instance, in September 2023, RazorpayX, an India-based business banking platform of Razorpay, launched the Payroll Platform, initially designed for startups, and has expanded its services to cater to enterprises and large-sized businesses. The newly developed advanced system for integrations and customizations enhances its capabilities. Having successfully onboarded approximately 13,000 organizations, including startups and SMEs, in the past four years, RazorpayX Payroll is now extending its support to businesses of all sizes, ranging from 2 to 20,000+ employees. The platform aims to assist large organizations in achieving significant cost savings of over 60% on payroll management while ensuring 100% accuracy in compliance.

Payroll Services Market Merger And Acquisition:

Deel Expands Global Footprint With Acquisition Of Paygroup Limited To Bolstering Leadership In Payroll And Hcm Across Asia-Pacific

In November 2022, Deel, a US-based privately held payroll and compliance provider, acquired PayGroup Limited for approximately $80 million. This transaction extends Deel's clientele in the Asia-Pacific region, strengthens its position as a leader in the worldwide payroll industry, and scales its payroll and HCM capabilities. PayGroup is an Australia-based provider of payroll and human capital management (HCM) solutions.

Regional Insights For The Global Payroll Services Market

Asia-Pacific was the largest region in the payroll services market in 2023. The regions covered in the payroll services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the payroll services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The payroll services market includes revenues earned by providing time tracking integration, expense management, payroll reports, tax filing, and more. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The payroll services market research report is one of a series of new reports from The Business Research Company that provides payroll services market statistics, including payroll services industry global market size, regional shares, competitors with a payroll services market share, detailed payroll services market segments, market trends and opportunities, and any further data you may need to thrive in the payroll services industry. This payroll services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Payroll Services Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$77.63 billion
Revenue Forecast In 2033	$89.97 billion
Growth Rate	CAGR of 3.8% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Payroll And Bookkeeping Services, Tax Preparation Services, Other Accounting Services 2) By Business Size: Small Business, Medium Business, Large Business 3) By Industry Vertical: Banking, Financial Services and Insurance (BFSI), Consumer and Industrial Products, IT and Telecommunication, Public Sector, Healthcare, Other Industry Verticals
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	International Business Machines Corporation; Deloitte Touche Tohmatsu; PricewaterhouseCoopers International Ltd.; Ernst and Young Global Limited; KPMG International Limited; Automatic Data Processing Inc.; HCL Technologies Limited; BDO International Inc.; Intuit Inc.; Insperity Inc.; Workday Inc.; Paychex Inc.; Alight Solutions Inc.; Sage Group plc; Grant Thornton LLP; Paycom Software Inc.; Ceridian Inc.; Nethris Inc.; Neeyamo Inc.; Gusto Inc.; Zalaris ASA; Papaya Global Inc.; CloudPay Inc.; Namely Inc.; Keka Inc.; OnPay Inc.; HRMantra Software Pvt. Ltd.; Infosys BPM; Vision H.R.; Populis Servicos
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Payroll Services Market Characteristics

3. Payroll Services Market Trends And Strategies

4. Payroll Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Payroll Services Market Size and Growth

5.1. Global Payroll Services Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Payroll Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Payroll Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Payroll Services Market Segmentation

6.1. Global Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Payroll And Bookkeeping Services

Tax Preparation Services

Other Accounting Services

6.2. Global Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Small Business

Medium Business

Large Business

6.3. Global Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Banking

Financial Services and Insurance (BFSI)

Consumer and Industrial Products

IT and Telecommunication

Public Sector

Healthcare

Other Industry Verticals

7. Payroll Services Market Regional And Country Analysis

7.1. Global Payroll Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Payroll Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Payroll Services Market

8.1. Asia-Pacific Payroll Services Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Payroll Services Market

9.1. China Payroll Services Market Overview

9.2. China Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Payroll Services Market

10.1. India Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Payroll Services Market

11.1. Japan Payroll Services Market Overview

11.2. Japan Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Payroll Services Market

12.1. Australia Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Payroll Services Market

13.1. Indonesia Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Payroll Services Market

14.1. South Korea Payroll Services Market Overview

14.2. South Korea Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Payroll Services Market

15.1. Western Europe Payroll Services Market Overview

15.2. Western Europe Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Payroll Services Market

16.1. UK Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Payroll Services Market

17.1. Germany Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Payroll Services Market

18.1. France Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Payroll Services Market

19.1. Italy Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Payroll Services Market

20.1. Spain Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Payroll Services Market

21.1. Eastern Europe Payroll Services Market Overview

21.2. Eastern Europe Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Payroll Services Market

22.1. Russia Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Payroll Services Market

23.1. North America Payroll Services Market Overview

23.2. North America Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Payroll Services Market

24.1. USA Payroll Services Market Overview

24.2. USA Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Payroll Services Market

25.1. Canada Payroll Services Market Overview

25.2. Canada Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Payroll Services Market

26.1. South America Payroll Services Market Overview

26.2. South America Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Payroll Services Market

27.1. Brazil Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Payroll Services Market

28.1. Middle East Payroll Services Market Overview

28.2. Middle East Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Payroll Services Market

29.1. Africa Payroll Services Market Overview

29.2. Africa Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Payroll Services Market Competitive Landscape And Company Profiles

30.1. Payroll Services Market Competitive Landscape

30.2. Payroll Services Market Company Profiles

30.2.1. International Business Machines Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Deloitte Touche Tohmatsu

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. PricewaterhouseCoopers International Ltd.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Ernst and Young Global Limited

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. KPMG International Limited

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Payroll Services Market Other Major And Innovative Companies

31.1. Automatic Data Processing Inc.

31.2. HCL Technologies Limited

31.3. BDO International Inc.

31.4. Intuit Inc.

31.5. Insperity Inc.

31.6. Workday Inc.

31.7. Paychex Inc.

31.8. Alight Solutions Inc.

31.9. Sage Group plc

31.10. Grant Thornton LLP

31.11. Paycom Software Inc.

31.12. Ceridian Inc.

31.13. Nethris Inc.

31.14. Neeyamo Inc.

31.15. Gusto Inc.

32. Global Payroll Services Market Competitive Benchmarking

33. Global Payroll Services Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Payroll Services Market

35. Payroll Services Market Future Outlook and Potential Analysis

35.1 Payroll Services Market In 2028 - Countries Offering Most New Opportunities

35.2 Payroll Services Market In 2028 - Segments Offering Most New Opportunities

35.3 Payroll Services Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Payroll Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Payroll Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: International Business Machines Corporation Financial Performance

Table 75: Deloitte Touche Tohmatsu Financial Performance

Table 76: PricewaterhouseCoopers International Ltd. Financial Performance

Table 77: Ernst and Young Global Limited Financial Performance

Table 78: KPMG International Limited Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Payroll Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Payroll Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Payroll Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Payroll Services Market, Segmentation By Business Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Payroll Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: International Business Machines Corporation Financial Performance

Figure 75: Deloitte Touche Tohmatsu Financial Performance

Figure 76: PricewaterhouseCoopers International Ltd. Financial Performance

Figure 77: Ernst and Young Global Limited Financial Performance

Figure 78: KPMG International Limited Financial Performance

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Frequently Asked Questions

What is the definition of the payroll services market?

How will the payroll services market drivers and restraints affect the payroll services market dynamics? What forces will shape the payroll services industry going forward?

The payroll services market major growth driver - mobile and internet proliferation propelling growth in payroll services market. For further insights on the payroll services market, request a sample here

What is the forecast market size or the forecast market value of the payroll services market ?

The payroll services market size has grown steadily in recent years. It will grow from $75.21 billion in 2023 to $77.63 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to complex payroll regulations, small and medium-sized enterprises (SMEs) growth, globalization of businesses, focus on core competencies, competition for talent, cost savings and efficiency. The payroll services market size is expected to see steady growth in the next few years. It will grow to $89.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to remote work and gig economy trends, compliance with evolving regulations, cybersecurity concerns, customization and scalability, strategic workforce planning. Major trends in the forecast period include integration of AI and automation, technological advancements, increased adoption of cloud-based payroll solutions, employee self-service portals, expansion of global payroll services. For further insights on the payroll services market, request a sample here

How is the payroll services market segmented?

The payroll services market is segmented
1) By Type: Payroll And Bookkeeping Services, Tax Preparation Services, Other Accounting Services
2) By Business Size: Small Business, Medium Business, Large Business
3) By Industry Vertical: Banking, Financial Services and Insurance (BFSI), Consumer and Industrial Products, IT and Telecommunication, Public Sector, Healthcare, Other Industry VerticalsFor further insights on the payroll services market, request a sample here

Which region has the largest share of the payroll services market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the payroll services market in 2023. The regions covered in the payroll services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the payroll services market, request a sample here.

Who are the major players in the payroll services market?

What are the key trends in the payroll services market?

Major trend in the payroll services market - expanding from startups to enterprises with advanced automated solutions. For further insights on the payroll services market, request a sample here.

What are the major opportunities in the payroll services market? What are the strategies for the payroll services market?

For detailed insights on the major opportunities and strategies in the payroll services market, request a sample here.

How does the payroll services market relate to the overall economy and other similar markets?

For detailed insights on payroll services market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the payroll services industry?

For detailed insights on the mergers and acquisitions in the payroll services industry, request a sample here.

What are the key dynamics influencing the payroll services market growth? SWOT analysis of the payroll services market.

For detailed insights on the key dynamics influencing the payroll services market growth and SWOT analysis of the payroll services industry, request a sample here.