Report overview
A PEO is an HR outsourcing company that partners with SMBs under a co-employment model. In this model, HR responsibilities are shared by the business owner and the PEO. While business owners retain management rights over their employees, PEOs assume an administrative role for handling functions such as payroll, benefits, regulatory compliance, taxes, and training and development.
This report aims to provide a comprehensive presentation of the global market for PEO 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 PEO Services. This report contains market size and forecasts of PEO Services in global, including the following market information:
Global PEO Services Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global PEO Services market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, 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.
Online service Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of PEO Services include Justworks, UZIO, PeopleStrategy, Ramco HCM, PlatinumHR, Tandem HR, XcelHR, Engage PEO and Optimum, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the PEO 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 PEO Services Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global PEO Services Market Segment Percentages, by Type, 2022 (%)
Online service
Offline service
Global PEO Services Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global PEO Services Market Segment Percentages, by Application, 2022 (%)
Large Enterpries
SMEs
Global PEO Services Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global PEO 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 PEO Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies PEO Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Justworks
UZIO
PeopleStrategy
Ramco HCM
PlatinumHR
Tandem HR
XcelHR
Engage PEO
Optimum
LandrumHR
Harvard PEO
MMC
Oasis
AcadiaHR
Modern HR
Outline of Major Chapters:
Chapter 1: Introduces the definition of PEO Services, market overview.
Chapter 2: Global PEO Services market size in revenue.
Chapter 3: Detailed analysis of PEO 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 PEO 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.
