SEARCH   
MEMBER LOGIN    

Payroll & Bookkeeping Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Payroll & Bookkeeping Services Market Research Report | NAICS 54121b | Aug 2014

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

IBISWorld’s Payroll & Bookkeeping Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$41bn
Annual Growth 09-14
3.2%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
539,044
Businesses
242,152
Industry Analysis & Industry Trends

The recession caused unemployment to rise, reducing client payrolls and causing more businesses to go bankrupt. In turn, this movement reduced the pool of clients that once required payroll and bookkeeping services. However, as the economy recovers in the five years to 2019, many businesses that brought payroll and bookkeeping in house will begin to outsource once again and focus on core competencies. The improving labor market will also boost demand for industry services... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Payroll and Bookkeeping Services industry is in the mature stage of its economic life cycle. The industry is characterized by growth in line with the overall economy, consolidation from the largest players in the industry and wholehearted market acceptance of industry products and services. Payroll and bookkeeping will continue to be demanded by firms in the United States, particularly as the number of businesses and employees increases. Businesses are also expected to continue to outsource human resource functions such as payroll to focus their attention on core operations.

Industry value added, used to measure an industry's contribution to the overall economy, is expected to rise by an average annual rate of 3.3% over the 10 years through 2019... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Payroll & Bookkeeping Services Industry?

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.

Industry Products
Bookkeeping servicesCollecting payroll information and processingEmployer contributions and regulatory reportsPreparing special payroll reports
 
Industry Activities
Payroll servicesEmployee benefits administrationBookkeeping services


View Sample
Quote
Select Clients