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HR Services-Global Market Insights and Sales Trends 2025
Synopsis
Human Resource (HR) agencies offer a wide range of onsite and offsite HR services to businesses, including payroll services, benefit administration services, and HR consulting solutions. Typically, smaller businesses that may not have in-house HR departments outsource work to these agencies. Larger companies often utilize consulting solutions offered by HR agencies to improve productivity within their internal departments. The services offered by HR agencies vary. Larger firms can offer a wide range of services and serve as a complete outsourced HR department for businesses. Other firms are highly specialized and may only offer services in specific areas.
The global HR Services market size is expected to reach US$ 1157360 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of HR Services in various end use industries. The expanding demands from the Payroll Services,, Benefit Administration Services and HR Consulting Solutions,, are propelling HR Services market. Onsite, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Offsite segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for HR Services market, driven by demand from China, the second largest economy with some signs of stabilising, the HR Services market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HR Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HR Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HR Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HR Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HR Services covered in this report include Winning by Design, BetterManager, Intuit, Zenefits, Lumity, Insperity, Discovery Education, SHRM and General Assembly, etc.
The global HR Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Winning by Design
BetterManager
Intuit
Zenefits
Lumity
Insperity
Discovery Education
SHRM
General Assembly
WageWorks
Global HR Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HR Services market, Segment by Type:
Onsite
Offsite
Global HR Services market, by Application
Payroll Services,
Benefit Administration Services
HR Consulting Solutions
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of HR Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Human Resource (HR) agencies offer a wide range of onsite and offsite HR services to businesses, including payroll services, benefit administration services, and HR consulting solutions. Typically, smaller businesses that may not have in-house HR departments outsource work to these agencies. Larger companies often utilize consulting solutions offered by HR agencies to improve productivity within their internal departments. The services offered by HR agencies vary. Larger firms can offer a wide range of services and serve as a complete outsourced HR department for businesses. Other firms are highly specialized and may only offer services in specific areas.
The global HR Services market size is expected to reach US$ 1157360 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of HR Services in various end use industries. The expanding demands from the Payroll Services,, Benefit Administration Services and HR Consulting Solutions,, are propelling HR Services market. Onsite, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Offsite segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for HR Services market, driven by demand from China, the second largest economy with some signs of stabilising, the HR Services market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HR Services, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HR Services market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HR Services market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HR Services sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HR Services covered in this report include Winning by Design, BetterManager, Intuit, Zenefits, Lumity, Insperity, Discovery Education, SHRM and General Assembly, etc.
The global HR Services market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Winning by Design
BetterManager
Intuit
Zenefits
Lumity
Insperity
Discovery Education
SHRM
General Assembly
WageWorks
Global HR Services market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HR Services market, Segment by Type:
Onsite
Offsite
Global HR Services market, by Application
Payroll Services,
Benefit Administration Services
HR Consulting Solutions
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of HR Services companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of HR Services
1.1 HR Services Market Overview
1.1.1 HR Services Product Scope
1.1.2 HR Services Market Status and Outlook
1.2 Global HR Services Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global HR Services Market Size by Region (2018-2029)
1.4 Global HR Services Historic Market Size by Region (2018-2023)
1.5 Global HR Services Market Size Forecast by Region (2024-2029)
1.6 Key Regions, HR Services Market Size (2018-2029)
1.6.1 North America HR Services Market Size (2018-2029)
1.6.2 Europe HR Services Market Size (2018-2029)
1.6.3 Asia-Pacific HR Services Market Size (2018-2029)
1.6.4 Latin America HR Services Market Size (2018-2029)
1.6.5 Middle East & Africa HR Services Market Size (2018-2029)
2 HR Services Market by Type
2.1 Introduction
2.1.1 Onsite
2.1.2 Offsite
2.2 Global HR Services Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global HR Services Historic Market Size by Type (2018-2023)
2.2.2 Global HR Services Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America HR Services Revenue Breakdown by Type (2018-2029)
2.3.2 Europe HR Services Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific HR Services Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America HR Services Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa HR Services Revenue Breakdown by Type (2018-2029)
3 HR Services Market Overview by Application
3.1 Introduction
3.1.1 Payroll Services,
3.1.2 Benefit Administration Services
3.1.3 HR Consulting Solutions
3.2 Global HR Services Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global HR Services Historic Market Size by Application (2018-2023)
3.2.2 Global HR Services Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America HR Services Revenue Breakdown by Application (2018-2029)
3.3.2 Europe HR Services Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific HR Services Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America HR Services Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa HR Services Revenue Breakdown by Application (2018-2029)
4 HR Services Competition Analysis by Players
4.1 Global HR Services Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HR Services as of 2022)
4.3 Date of Key Players Enter into HR Services Market
4.4 Global Top Players HR Services Headquarters and Area Served
4.5 Key Players HR Services Product Solution and Service
4.6 Competitive Status
4.6.1 HR Services Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Winning by Design
5.1.1 Winning by Design Profile
5.1.2 Winning by Design Main Business
5.1.3 Winning by Design HR Services Products, Services and Solutions
5.1.4 Winning by Design HR Services Revenue (US$ Million) & (2018-2023)
5.1.5 Winning by Design Recent Developments
5.2 BetterManager
5.2.1 BetterManager Profile
5.2.2 BetterManager Main Business
5.2.3 BetterManager HR Services Products, Services and Solutions
5.2.4 BetterManager HR Services Revenue (US$ Million) & (2018-2023)
5.2.5 BetterManager Recent Developments
5.3 Intuit
5.3.1 Intuit Profile
5.3.2 Intuit Main Business
5.3.3 Intuit HR Services Products, Services and Solutions
5.3.4 Intuit HR Services Revenue (US$ Million) & (2018-2023)
5.3.5 Zenefits Recent Developments
5.4 Zenefits
5.4.1 Zenefits Profile
5.4.2 Zenefits Main Business
5.4.3 Zenefits HR Services Products, Services and Solutions
5.4.4 Zenefits HR Services Revenue (US$ Million) & (2018-2023)
5.4.5 Zenefits Recent Developments
5.5 Lumity
5.5.1 Lumity Profile
5.5.2 Lumity Main Business
5.5.3 Lumity HR Services Products, Services and Solutions
5.5.4 Lumity HR Services Revenue (US$ Million) & (2018-2023)
5.5.5 Lumity Recent Developments
5.6 Insperity
5.6.1 Insperity Profile
5.6.2 Insperity Main Business
5.6.3 Insperity HR Services Products, Services and Solutions
5.6.4 Insperity HR Services Revenue (US$ Million) & (2018-2023)
5.6.5 Insperity Recent Developments
5.7 Discovery Education
5.7.1 Discovery Education Profile
5.7.2 Discovery Education Main Business
5.7.3 Discovery Education HR Services Products, Services and Solutions
5.7.4 Discovery Education HR Services Revenue (US$ Million) & (2018-2023)
5.7.5 Discovery Education Recent Developments
5.8 SHRM
5.8.1 SHRM Profile
5.8.2 SHRM Main Business
5.8.3 SHRM HR Services Products, Services and Solutions
5.8.4 SHRM HR Services Revenue (US$ Million) & (2018-2023)
5.8.5 SHRM Recent Developments
5.9 General Assembly
5.9.1 General Assembly Profile
5.9.2 General Assembly Main Business
5.9.3 General Assembly HR Services Products, Services and Solutions
5.9.4 General Assembly HR Services Revenue (US$ Million) & (2018-2023)
5.9.5 General Assembly Recent Developments
5.10 WageWorks
5.10.1 WageWorks Profile
5.10.2 WageWorks Main Business
5.10.3 WageWorks HR Services Products, Services and Solutions
5.10.4 WageWorks HR Services Revenue (US$ Million) & (2018-2023)
5.10.5 WageWorks Recent Developments
6 North America
6.1 North America HR Services Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe HR Services Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific HR Services Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America HR Services Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa HR Services Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 HR Services Market Dynamics
11.1 HR Services Industry Trends
11.2 HR Services Market Drivers
11.3 HR Services Market Challenges
11.4 HR Services Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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