Report overview
Human Resource Outsourcing is a contractual agreement between an employer and an external third-party provider whereby the employer transfers the management of, and responsibility for, certain HR functions to the external provider. Many types of HR outsourcing options are available to employers. The options can be as specific as outsourcing one particular aspect of one HR function?such as applicant tracking for affirmative action purposes?or as broad as outsourcing the entire human resource department. HR outsourcing helps an organization to gain cost and time efficiencies and provides cutting edge over their human resource strategies and improves services to their employees.
This report aims to provide a comprehensive presentation of the global market for Human Resource Outsourcing (HRO) Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Human Resource Outsourcing (HRO) Services. This report contains market size and forecasts of Human Resource Outsourcing (HRO) Services in global, including the following market information:
Global Human Resource Outsourcing (HRO) Services Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Human Resource Outsourcing (HRO) Services market was valued at US$ million in 2022 and is projected to reach US$ million by 2032, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Professional employer organizations (PEOs) Segment to Reach $ Million by 2032, with a % CAGR in next six years.
The global key manufacturers of Human Resource Outsourcing (HRO) Services include ADP, IBM, Paychex, Insperity, TriNet, Engage PEO, Bambee, CoAdvantage and Zenefits, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Human Resource Outsourcing (HRO) Services 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 Human Resource Outsourcing (HRO) Services Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Human Resource Outsourcing (HRO) Services Market Segment Percentages, by Type, 2022 (%)
Professional employer organizations (PEOs)
Administrative Service Organizations (ASOs)
Global Human Resource Outsourcing (HRO) Services Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Human Resource Outsourcing (HRO) Services Market Segment Percentages, by Application, 2022 (%)
Large Enterprises
SMEs
Global Human Resource Outsourcing (HRO) Services Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Human Resource Outsourcing (HRO) Services Market Segment Percentages, By Region and Country, 2022 (%)
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 Human Resource Outsourcing (HRO) Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Human Resource Outsourcing (HRO) Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ADP
IBM
Paychex
Insperity
TriNet
Engage PEO
Bambee
CoAdvantage
Zenefits
Workday
G&A Partners
Tandem HR
Peninsula
Europe HR Solutions
Trupp HR
Oasis
Infiniti
Rippling
The HR Team
Avensure
Outline of Major Chapters:
Chapter 1: Introduces the definition of Human Resource Outsourcing (HRO) Services, market overview.
Chapter 2: Global Human Resource Outsourcing (HRO) Services market size in revenue.
Chapter 3: Detailed analysis of Human Resource Outsourcing (HRO) Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Human Resource Outsourcing (HRO) Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
