Payroll And Bookkeeping Services Global Market Report 2018

Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018 | SKU CODE : 3411 | Format :

Payroll & bookkeeping services comprise establishments that collect information on hours worked, pay rates, deductions and other payroll-related data from their clients to generate paychecks, payroll reports, and tax filings. These establishments may use data processing and tabulating techniques as part of providing their services.

Payroll and Bookkeeping Services Global Market Size

The global payroll & bookkeeping services market was valued at $287.7 billion in 2017. North America was the largest geographic region accounting for $121.3 billion or 42.2% of the global market. The USA was the largest country accounting for $98.7 billion or 34.3% of the global payroll & bookkeeping services market.

Payroll and Bookkeeping Services Global Market Trend

Payroll & bookkeeping services are increasingly moving their business operations to the cloud to reduce their operational expenditures. It eliminates the need for installing and updating programs and reduces investments on hardware and server equipment. It also integrates with banking and accounting software, thereby saving time and costs and also ensuring the safety and security of the data.

The companies covered are Intuit, Paychex, ADP, SurePayroll, and Paycor.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

Payroll and Bookkeeping Services Global Market Segmentation

The payroll and bookkeeping services market is segmented into Payroll Services, and Bookkeeping Services.

Payroll Services comprises establishments that collect information on hours worked, pay rates, deductions and other payroll-related data from their clients to generate paychecks, payroll reports, and tax filings. These establishments may use data processing and tabulating techniques as part of providing their services.

Bookkeeping Services comprises establishments (except offices of CPAs) engaged in providing accounting services (except tax return preparation services only or payroll services).

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