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PEO Services Market Size, Share 2023
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.
| Report Attributes |
Report Details |
| Report Title |
PEO Services Market, Global Outlook and Forecast 2023-2030 |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2022 |
| Forecast Year |
2030 |
| Number of Pages |
103 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 PEO Services Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global PEO Services Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global PEO Services Overall Market Size
2.1 Global PEO Services Market Size: 2022 VS 2030
2.2 Global PEO Services Market Size, Prospects & Forecasts: 2018-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top PEO Services Players in Global Market
3.2 Top Global PEO Services Companies Ranked by Revenue
3.3 Global PEO Services Revenue by Companies
3.4 Top 3 and Top 5 PEO Services Companies in Global Market, by Revenue in 2022
3.5 Global Companies PEO Services Product Type
3.6 Tier 1, Tier 2 and Tier 3 PEO Services Players in Global Market
3.6.1 List of Global Tier 1 PEO Services Companies
3.6.2 List of Global Tier 2 and Tier 3 PEO Services Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global PEO Services Market Size Markets, 2022 & 2030
4.1.2 Online service
4.1.3 Offline service
4.2 By Type - Global PEO Services Revenue & Forecasts
4.2.1 By Type - Global PEO Services Revenue, 2018-2023
4.2.2 By Type - Global PEO Services Revenue, 2024-2030
4.2.3 By Type - Global PEO Services Revenue Market Share, 2018-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global PEO Services Market Size, 2022 & 2030
5.1.2 Large Enterpries
5.1.3 SMEs
5.2 By Application - Global PEO Services Revenue & Forecasts
5.2.1 By Application - Global PEO Services Revenue, 2018-2023
5.2.2 By Application - Global PEO Services Revenue, 2024-2030
5.2.3 By Application - Global PEO Services Revenue Market Share, 2018-2030
6 Sights by Region
6.1 By Region - Global PEO Services Market Size, 2022 & 2030
6.2 By Region - Global PEO Services Revenue & Forecasts
6.2.1 By Region - Global PEO Services Revenue, 2018-2023
6.2.2 By Region - Global PEO Services Revenue, 2024-2030
6.2.3 By Region - Global PEO Services Revenue Market Share, 2018-2030
6.3 North America
6.3.1 By Country - North America PEO Services Revenue, 2018-2030
6.3.2 US PEO Services Market Size, 2018-2030
6.3.3 Canada PEO Services Market Size, 2018-2030
6.3.4 Mexico PEO Services Market Size, 2018-2030
6.4 Europe
6.4.1 By Country - Europe PEO Services Revenue, 2018-2030
6.4.2 Germany PEO Services Market Size, 2018-2030
6.4.3 France PEO Services Market Size, 2018-2030
6.4.4 U.K. PEO Services Market Size, 2018-2030
6.4.5 Italy PEO Services Market Size, 2018-2030
6.4.6 Russia PEO Services Market Size, 2018-2030
6.4.7 Nordic Countries PEO Services Market Size, 2018-2030
6.4.8 Benelux PEO Services Market Size, 2018-2030
6.5 Asia
6.5.1 By Region - Asia PEO Services Revenue, 2018-2030
6.5.2 China PEO Services Market Size, 2018-2030
6.5.3 Japan PEO Services Market Size, 2018-2030
6.5.4 South Korea PEO Services Market Size, 2018-2030
6.5.5 Southeast Asia PEO Services Market Size, 2018-2030
6.5.6 India PEO Services Market Size, 2018-2030
6.6 South America
6.6.1 By Country - South America PEO Services Revenue, 2018-2030
6.6.2 Brazil PEO Services Market Size, 2018-2030
6.6.3 Argentina PEO Services Market Size, 2018-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa PEO Services Revenue, 2018-2030
6.7.2 Turkey PEO Services Market Size, 2018-2030
6.7.3 Israel PEO Services Market Size, 2018-2030
6.7.4 Saudi Arabia PEO Services Market Size, 2018-2030
6.7.5 UAE PEO Services Market Size, 2018-2030
7 PEO Services Companies Profiles
7.1 Justworks
7.1.1 Justworks Company Summary
7.1.2 Justworks Business Overview
7.1.3 Justworks PEO Services Major Product Offerings
7.1.4 Justworks PEO Services Revenue in Global Market (2018-2023)
7.1.5 Justworks Key News & Latest Developments
7.2 UZIO
7.2.1 UZIO Company Summary
7.2.2 UZIO Business Overview
7.2.3 UZIO PEO Services Major Product Offerings
7.2.4 UZIO PEO Services Revenue in Global Market (2018-2023)
7.2.5 UZIO Key News & Latest Developments
7.3 PeopleStrategy
7.3.1 PeopleStrategy Company Summary
7.3.2 PeopleStrategy Business Overview
7.3.3 PeopleStrategy PEO Services Major Product Offerings
7.3.4 PeopleStrategy PEO Services Revenue in Global Market (2018-2023)
7.3.5 PeopleStrategy Key News & Latest Developments
7.4 Ramco HCM
7.4.1 Ramco HCM Company Summary
7.4.2 Ramco HCM Business Overview
7.4.3 Ramco HCM PEO Services Major Product Offerings
7.4.4 Ramco HCM PEO Services Revenue in Global Market (2018-2023)
7.4.5 Ramco HCM Key News & Latest Developments
7.5 PlatinumHR
7.5.1 PlatinumHR Company Summary
7.5.2 PlatinumHR Business Overview
7.5.3 PlatinumHR PEO Services Major Product Offerings
7.5.4 PlatinumHR PEO Services Revenue in Global Market (2018-2023)
7.5.5 PlatinumHR Key News & Latest Developments
7.6 Tandem HR
7.6.1 Tandem HR Company Summary
7.6.2 Tandem HR Business Overview
7.6.3 Tandem HR PEO Services Major Product Offerings
7.6.4 Tandem HR PEO Services Revenue in Global Market (2018-2023)
7.6.5 Tandem HR Key News & Latest Developments
7.7 XcelHR
7.7.1 XcelHR Company Summary
7.7.2 XcelHR Business Overview
7.7.3 XcelHR PEO Services Major Product Offerings
7.7.4 XcelHR PEO Services Revenue in Global Market (2018-2023)
7.7.5 XcelHR Key News & Latest Developments
7.8 Engage PEO
7.8.1 Engage PEO Company Summary
7.8.2 Engage PEO Business Overview
7.8.3 Engage PEO PEO Services Major Product Offerings
7.8.4 Engage PEO PEO Services Revenue in Global Market (2018-2023)
7.8.5 Engage PEO Key News & Latest Developments
7.9 Optimum
7.9.1 Optimum Company Summary
7.9.2 Optimum Business Overview
7.9.3 Optimum PEO Services Major Product Offerings
7.9.4 Optimum PEO Services Revenue in Global Market (2018-2023)
7.9.5 Optimum Key News & Latest Developments
7.10 LandrumHR
7.10.1 LandrumHR Company Summary
7.10.2 LandrumHR Business Overview
7.10.3 LandrumHR PEO Services Major Product Offerings
7.10.4 LandrumHR PEO Services Revenue in Global Market (2018-2023)
7.10.5 LandrumHR Key News & Latest Developments
7.11 Harvard PEO
7.11.1 Harvard PEO Company Summary
7.11.2 Harvard PEO Business Overview
7.11.3 Harvard PEO PEO Services Major Product Offerings
7.11.4 Harvard PEO PEO Services Revenue in Global Market (2018-2023)
7.11.5 Harvard PEO Key News & Latest Developments
7.12 MMC
7.12.1 MMC Company Summary
7.12.2 MMC Business Overview
7.12.3 MMC PEO Services Major Product Offerings
7.12.4 MMC PEO Services Revenue in Global Market (2018-2023)
7.12.5 MMC Key News & Latest Developments
7.13 Oasis
7.13.1 Oasis Company Summary
7.13.2 Oasis Business Overview
7.13.3 Oasis PEO Services Major Product Offerings
7.13.4 Oasis PEO Services Revenue in Global Market (2018-2023)
7.13.5 Oasis Key News & Latest Developments
7.14 AcadiaHR
7.14.1 AcadiaHR Company Summary
7.14.2 AcadiaHR Business Overview
7.14.3 AcadiaHR PEO Services Major Product Offerings
7.14.4 AcadiaHR PEO Services Revenue in Global Market (2018-2023)
7.14.5 AcadiaHR Key News & Latest Developments
7.15 Modern HR
7.15.1 Modern HR Company Summary
7.15.2 Modern HR Business Overview
7.15.3 Modern HR PEO Services Major Product Offerings
7.15.4 Modern HR PEO Services Revenue in Global Market (2018-2023)
7.15.5 Modern HR Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. PEO Services Market Opportunities & Trends in Global Market
Table 2. PEO Services Market Drivers in Global Market
Table 3. PEO Services Market Restraints in Global Market
Table 4. Key Players of PEO Services in Global Market
Table 5. Top PEO Services Players in Global Market, Ranking by Revenue (2022)
Table 6. Global PEO Services Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global PEO Services Revenue Share by Companies, 2018-2023
Table 8. Global Companies PEO Services Product Type
Table 9. List of Global Tier 1 PEO Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 PEO Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global PEO Services Revenue, (US$, Mn), 2022 & 2030
Table 12. By Type - PEO Services Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - PEO Services Revenue in Global (US$, Mn), 2024-2030
Table 14. By Application ? Global PEO Services Revenue, (US$, Mn), 2022 & 2030
Table 15. By Application - PEO Services Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - PEO Services Revenue in Global (US$, Mn), 2024-2030
Table 17. By Region ? Global PEO Services Revenue, (US$, Mn), 2022 & 2030
Table 18. By Region - Global PEO Services Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global PEO Services Revenue (US$, Mn), 2024-2030
Table 20. By Country - North America PEO Services Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America PEO Services Revenue, (US$, Mn), 2024-2030
Table 22. By Country - Europe PEO Services Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe PEO Services Revenue, (US$, Mn), 2024-2030
Table 24. By Region - Asia PEO Services Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia PEO Services Revenue, (US$, Mn), 2024-2030
Table 26. By Country - South America PEO Services Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America PEO Services Revenue, (US$, Mn), 2024-2030
Table 28. By Country - Middle East & Africa PEO Services Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa PEO Services Revenue, (US$, Mn), 2024-2030
Table 30. Justworks Company Summary
Table 31. Justworks PEO Services Product Offerings
Table 32. Justworks PEO Services Revenue (US$, Mn) & (2018-2023)
Table 33. Justworks Key News & Latest Developments
Table 34. UZIO Company Summary
Table 35. UZIO PEO Services Product Offerings
Table 36. UZIO PEO Services Revenue (US$, Mn) & (2018-2023)
Table 37. UZIO Key News & Latest Developments
Table 38. PeopleStrategy Company Summary
Table 39. PeopleStrategy PEO Services Product Offerings
Table 40. PeopleStrategy PEO Services Revenue (US$, Mn) & (2018-2023)
Table 41. PeopleStrategy Key News & Latest Developments
Table 42. Ramco HCM Company Summary
Table 43. Ramco HCM PEO Services Product Offerings
Table 44. Ramco HCM PEO Services Revenue (US$, Mn) & (2018-2023)
Table 45. Ramco HCM Key News & Latest Developments
Table 46. PlatinumHR Company Summary
Table 47. PlatinumHR PEO Services Product Offerings
Table 48. PlatinumHR PEO Services Revenue (US$, Mn) & (2018-2023)
Table 49. PlatinumHR Key News & Latest Developments
Table 50. Tandem HR Company Summary
Table 51. Tandem HR PEO Services Product Offerings
Table 52. Tandem HR PEO Services Revenue (US$, Mn) & (2018-2023)
Table 53. Tandem HR Key News & Latest Developments
Table 54. XcelHR Company Summary
Table 55. XcelHR PEO Services Product Offerings
Table 56. XcelHR PEO Services Revenue (US$, Mn) & (2018-2023)
Table 57. XcelHR Key News & Latest Developments
Table 58. Engage PEO Company Summary
Table 59. Engage PEO PEO Services Product Offerings
Table 60. Engage PEO PEO Services Revenue (US$, Mn) & (2018-2023)
Table 61. Engage PEO Key News & Latest Developments
Table 62. Optimum Company Summary
Table 63. Optimum PEO Services Product Offerings
Table 64. Optimum PEO Services Revenue (US$, Mn) & (2018-2023)
Table 65. Optimum Key News & Latest Developments
Table 66. LandrumHR Company Summary
Table 67. LandrumHR PEO Services Product Offerings
Table 68. LandrumHR PEO Services Revenue (US$, Mn) & (2018-2023)
Table 69. LandrumHR Key News & Latest Developments
Table 70. Harvard PEO Company Summary
Table 71. Harvard PEO PEO Services Product Offerings
Table 72. Harvard PEO PEO Services Revenue (US$, Mn) & (2018-2023)
Table 73. Harvard PEO Key News & Latest Developments
Table 74. MMC Company Summary
Table 75. MMC PEO Services Product Offerings
Table 76. MMC PEO Services Revenue (US$, Mn) & (2018-2023)
Table 77. MMC Key News & Latest Developments
Table 78. Oasis Company Summary
Table 79. Oasis PEO Services Product Offerings
Table 80. Oasis PEO Services Revenue (US$, Mn) & (2018-2023)
Table 81. Oasis Key News & Latest Developments
Table 82. AcadiaHR Company Summary
Table 83. AcadiaHR PEO Services Product Offerings
Table 84. AcadiaHR PEO Services Revenue (US$, Mn) & (2018-2023)
Table 85. AcadiaHR Key News & Latest Developments
Table 86. Modern HR Company Summary
Table 87. Modern HR PEO Services Product Offerings
Table 88. Modern HR PEO Services Revenue (US$, Mn) & (2018-2023)
Table 89. Modern HR Key News & Latest Developments
List of Figures
Figure 1. PEO Services Segment by Type in 2022
Figure 2. PEO Services Segment by Application in 2022
Figure 3. Global PEO Services Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global PEO Services Market Size: 2022 VS 2030 (US$, Mn)
Figure 6. Global PEO Services Revenue, 2018-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by PEO Services Revenue in 2022
Figure 8. By Type - Global PEO Services Revenue Market Share, 2018-2030
Figure 9. By Application - Global PEO Services Revenue Market Share, 2018-2030
Figure 10. By Type - Global PEO Services Revenue, (US$, Mn), 2022 & 2030
Figure 11. By Type - Global PEO Services Revenue Market Share, 2018-2030
Figure 12. By Application - Global PEO Services Revenue, (US$, Mn), 2022 & 2030
Figure 13. By Application - Global PEO Services Revenue Market Share, 2018-2030
Figure 14. By Region - Global PEO Services Revenue Market Share, 2018-2030
Figure 15. By Country - North America PEO Services Revenue Market Share, 2018-2030
Figure 16. US PEO Services Revenue, (US$, Mn), 2018-2030
Figure 17. Canada PEO Services Revenue, (US$, Mn), 2018-2030
Figure 18. Mexico PEO Services Revenue, (US$, Mn), 2018-2030
Figure 19. By Country - Europe PEO Services Revenue Market Share, 2018-2030
Figure 20. Germany PEO Services Revenue, (US$, Mn), 2018-2030
Figure 21. France PEO Services Revenue, (US$, Mn), 2018-2030
Figure 22. U.K. PEO Services Revenue, (US$, Mn), 2018-2030
Figure 23. Italy PEO Services Revenue, (US$, Mn), 2018-2030
Figure 24. Russia PEO Services Revenue, (US$, Mn), 2018-2030
Figure 25. Nordic Countries PEO Services Revenue, (US$, Mn), 2018-2030
Figure 26. Benelux PEO Services Revenue, (US$, Mn), 2018-2030
Figure 27. By Region - Asia PEO Services Revenue Market Share, 2018-2030
Figure 28. China PEO Services Revenue, (US$, Mn), 2018-2030
Figure 29. Japan PEO Services Revenue, (US$, Mn), 2018-2030
Figure 30. South Korea PEO Services Revenue, (US$, Mn), 2018-2030
Figure 31. Southeast Asia PEO Services Revenue, (US$, Mn), 2018-2030
Figure 32. India PEO Services Revenue, (US$, Mn), 2018-2030
Figure 33. By Country - South America PEO Services Revenue Market Share, 2018-2030
Figure 34. Brazil PEO Services Revenue, (US$, Mn), 2018-2030
Figure 35. Argentina PEO Services Revenue, (US$, Mn), 2018-2030
Figure 36. By Country - Middle East & Africa PEO Services Revenue Market Share, 2018-2030
Figure 37. Turkey PEO Services Revenue, (US$, Mn), 2018-2030
Figure 38. Israel PEO Services Revenue, (US$, Mn), 2018-2030
Figure 39. Saudi Arabia PEO Services Revenue, (US$, Mn), 2018-2030
Figure 40. UAE PEO Services Revenue, (US$, Mn), 2018-2030
Figure 41. Justworks PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. UZIO PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. PeopleStrategy PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Ramco HCM PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. PlatinumHR PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Tandem HR PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. XcelHR PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Engage PEO PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Optimum PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. LandrumHR PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. Harvard PEO PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. MMC PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 53. Oasis PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 54. AcadiaHR PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 55. Modern HR PEO Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
