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Payroll & Bookkeeping Services in the US - Industry Market Research Report

  • April 2017
  • 34 pages
  • Ibisworld
Report ID: 199073

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Base value: The improving labor market will boost demand for industry services

Payroll & Bookkeeping Services in the US

The Payroll and Bookkeeping Services industry has grown over the five years to 2017 as clients increasingly subcontracted back-office administrative activities to focus efforts on core business functions to take advantage of strengthening economic conditions. As the number of businesses in the United States has grown each year over the past five years, the industry's consumer base has grown and corporate profit expansion has given more businesses the resources to afford outsourcing their payroll.

Over the five years to 2022, revenue is forecast to continue to increase, though at a slower rate compared with the previous five-year period as employment stabilizes, and companies in the industry are expected to attract customers to new cloud-based products and services.Operators in this industry provide outsourced payroll services for clients’ employees and basic bookkeeping services are also included. However, this industry does not include tax preparation companies or certified public accountants.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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