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Report Overview
The global payroll outsourcing market reached approximately USD 10.36 Billion in 2024. The market is projected to grow at a CAGR of 6.00% between 2025 and 2034, reaching a value of around USD 18.55 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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In the year 2022, approximately 73% of businesses and organisations in the US utilised outsourced payrolling services for their companies.
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In the UK, 61% of businesses outsourced their payroll to an external company.
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Payroll outsourcing enables organisations to concentrate on their primary business activities, consequently enhancing productivity and minimising operational expenses.
Payroll Outsourcing Market Competitive Landscape
Major players in the payroll outsourcing market are focusing more on service improvement to gain a competitive edge over their counterparts
| Company | Founded | Headquartered | Industry/Services |
| IBM Corp. | 1911 | New York, United States | Technological corporation, multiple industries, including energy and financial services |
| Deloitte Touche Tohmatsu Limited | 1845 | London, United Kingdom | Multinational professional services network, wide variety of services in numerous industries |
| KPMG Huazhen LLP | 1987 | Amstelveen, Netherlands | International network of professionals, audit, tax, and advisory services |
| Infosys Ltd. | 1981 | Bengaluru, India | Indian multinational, business consulting, information technology, and outsourcing services |
Other players in the global payroll outsourcing market are ADP, Inc., CloudPay Inc., ZenPayroll, Inc. (Gusto), HCL Technologies Ltd., and HRMantra Software Private Limited, among others.
The Global Council for Human Services Innovation, introduced by Deloitte, is a groundbreaking initiative that aims to foster collaboration and drive innovation in the field of human services on a global scale. This international platform serves as a hub for influential intellectuals, thought leaders, and experts from various disciplines who are dedicated to improving the quality of human services and advancing the well-being of individuals and communities worldwide.
By bringing together a diverse group of individuals with a shared commitment to enhancing human services, the Global Council creates a unique space for cross-pollination of ideas, knowledge sharing, and collective problem-solving. Members of the Council include renowned academics, policymakers, practitioners, and industry leaders who possess a deep understanding of the challenges and opportunities in the human services sector.
Payroll Outsourcing Market Report Snapshots
Payroll Outsourcing Market Size
Payroll Outsourcing Market Trends
Payroll Outsourcing Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 10.36 Billion.
The market is estimated to grow at a CAGR of 6.00% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 18.55 Billion by 2034.
The major market drivers include growing focus by organisations to minimise expenses, the rising utilisation of big data and business analytics in organisations, and evolving business environments.
The key trends aiding the market growth are technological advancements and the regional expansion of businesses.
The major regional markets are Europe, the Asia Pacific, Latin America, North America, and the Middle East and Africa.
Hyrid and fully outsourced are the different types of payroll outsourcing considered in the market report.
The major players in the market are IBM Corp., ADP, Inc., CloudPay Inc., Deloitte Touche Tohmatsu Limited, Infosys Ltd., KPMG Huazhen LLP, ZenPayroll, Inc. (Gusto), HCL Technologies Ltd., and HRMantra Software Private Limited, among others.
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