Report overview
Professional employer organization (PEO) services providers are typically used by small- to medium-sized businesses (SMBs)? which might not be able to afford a standalone HR department?to access scalable and affordable corporate HR services and support. PEOs are co-employers, meaning they act as a parent company and become the employer of record for tax purposes. This enables SMBs to essentially pool together to access enterprise-level benefits and rates on services such as health insurance, employee benefits, and payroll.
This report contains market size and forecasts of PEO Software in Global, including the following market information:
Global PEO Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global PEO Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-Premise Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of PEO Software include Justworks, Metrics, BambooHR, Zoho, Abel, AccessPoint, HROi, Zenefits and Genesis, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the PEO Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global PEO Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global PEO Software Market Segment Percentages, by Type, 2021 (%)
On-Premise
Cloud-Based
Global PEO Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global PEO Software Market Segment Percentages, by Application, 2021 (%)
Professional, Scientific, and Technical Services
Construction
Finance and Insurance
Others
Global PEO Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global PEO Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies PEO Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies PEO Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Justworks
Metrics
BambooHR
Zoho
Abel
AccessPoint
HROi
Zenefits
Genesis
JazzHR
Replicon
iCIMS
The Applicant Manager
Eddy
Insperity
LandrumHR
ApplicantStack
TriNet
