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Human Resource Outsourcing-Global Market Insights and Sales Trends 2025
Synopsis
Human resource outsourcing is a process of subcontracting human functions to an external supplier.
The global Human Resource Outsourcing market size is expected to reach US$ 46660 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Human Resource Outsourcing in various end use industries. The expanding demands from the BFSI, Healthcare, IT and Hospitality, are propelling Human Resource Outsourcing market. Payroll Outsourcing, 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 Benefits Administration Outsourcing segment is estimated at % CAGR for the next seven-year period.
The process of human resource outsourcing is beneficial to many companies since this concept makes business processes very economical and efficient. Such factors drive the growth of human resource outsourcing market. Also, a lot of tedious training is required to have a separate operational HR department. Thus, business organizations prefer outsourcing as a solution. Such factors boost the market for human resource outsourcing.
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 Human Resource Outsourcing, 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 Human Resource Outsourcing 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 Human Resource Outsourcing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Human Resource Outsourcing 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 Human Resource Outsourcing covered in this report include Accenture, ADP, IBM, Infosys and Randstad, etc.
The global Human Resource Outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Accenture
ADP
IBM
Infosys
Randstad
Global Human Resource Outsourcing 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 Human Resource Outsourcing market, Segment by Type:
Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing
Global Human Resource Outsourcing market, by Application
BFSI
Healthcare
IT
Hospitality
Retail
Other
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 Human Resource Outsourcing 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 outsourcing is a process of subcontracting human functions to an external supplier.
The global Human Resource Outsourcing market size is expected to reach US$ 46660 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Human Resource Outsourcing in various end use industries. The expanding demands from the BFSI, Healthcare, IT and Hospitality, are propelling Human Resource Outsourcing market. Payroll Outsourcing, 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 Benefits Administration Outsourcing segment is estimated at % CAGR for the next seven-year period.
The process of human resource outsourcing is beneficial to many companies since this concept makes business processes very economical and efficient. Such factors drive the growth of human resource outsourcing market. Also, a lot of tedious training is required to have a separate operational HR department. Thus, business organizations prefer outsourcing as a solution. Such factors boost the market for human resource outsourcing.
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 Human Resource Outsourcing, 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 Human Resource Outsourcing 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 Human Resource Outsourcing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Human Resource Outsourcing 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 Human Resource Outsourcing covered in this report include Accenture, ADP, IBM, Infosys and Randstad, etc.
The global Human Resource Outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Accenture
ADP
IBM
Infosys
Randstad
Global Human Resource Outsourcing 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 Human Resource Outsourcing market, Segment by Type:
Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing
Global Human Resource Outsourcing market, by Application
BFSI
Healthcare
IT
Hospitality
Retail
Other
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 Human Resource Outsourcing 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 Human Resource Outsourcing
1.1 Human Resource Outsourcing Market Overview
1.1.1 Human Resource Outsourcing Product Scope
1.1.2 Human Resource Outsourcing Market Status and Outlook
1.2 Global Human Resource Outsourcing Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Human Resource Outsourcing Market Size by Region (2018-2029)
1.4 Global Human Resource Outsourcing Historic Market Size by Region (2018-2023)
1.5 Global Human Resource Outsourcing Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Human Resource Outsourcing Market Size (2018-2029)
1.6.1 North America Human Resource Outsourcing Market Size (2018-2029)
1.6.2 Europe Human Resource Outsourcing Market Size (2018-2029)
1.6.3 Asia-Pacific Human Resource Outsourcing Market Size (2018-2029)
1.6.4 Latin America Human Resource Outsourcing Market Size (2018-2029)
1.6.5 Middle East & Africa Human Resource Outsourcing Market Size (2018-2029)
2 Human Resource Outsourcing Market by Type
2.1 Introduction
2.1.1 Payroll Outsourcing
2.1.2 Benefits Administration Outsourcing
2.1.3 Multiprocess Human Resource Outsourcing
2.1.4 Recruitment Process Outsourcing
2.1.5 Learning Services Outsourcing
2.2 Global Human Resource Outsourcing Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Human Resource Outsourcing Historic Market Size by Type (2018-2023)
2.2.2 Global Human Resource Outsourcing Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Human Resource Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Human Resource Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Human Resource Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Human Resource Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Human Resource Outsourcing Revenue Breakdown by Type (2018-2029)
3 Human Resource Outsourcing Market Overview by Application
3.1 Introduction
3.1.1 BFSI
3.1.2 Healthcare
3.1.3 IT
3.1.4 Hospitality
3.1.5 Retail
3.1.6 Other
3.2 Global Human Resource Outsourcing Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Human Resource Outsourcing Historic Market Size by Application (2018-2023)
3.2.2 Global Human Resource Outsourcing Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Human Resource Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Human Resource Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Human Resource Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Human Resource Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Human Resource Outsourcing Revenue Breakdown by Application (2018-2029)
4 Human Resource Outsourcing Competition Analysis by Players
4.1 Global Human Resource Outsourcing 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 Human Resource Outsourcing as of 2022)
4.3 Date of Key Players Enter into Human Resource Outsourcing Market
4.4 Global Top Players Human Resource Outsourcing Headquarters and Area Served
4.5 Key Players Human Resource Outsourcing Product Solution and Service
4.6 Competitive Status
4.6.1 Human Resource Outsourcing Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Accenture
5.1.1 Accenture Profile
5.1.2 Accenture Main Business
5.1.3 Accenture Human Resource Outsourcing Products, Services and Solutions
5.1.4 Accenture Human Resource Outsourcing Revenue (US$ Million) & (2018-2023)
5.1.5 Accenture Recent Developments
5.2 ADP
5.2.1 ADP Profile
5.2.2 ADP Main Business
5.2.3 ADP Human Resource Outsourcing Products, Services and Solutions
5.2.4 ADP Human Resource Outsourcing Revenue (US$ Million) & (2018-2023)
5.2.5 ADP Recent Developments
5.3 IBM
5.3.1 IBM Profile
5.3.2 IBM Main Business
5.3.3 IBM Human Resource Outsourcing Products, Services and Solutions
5.3.4 IBM Human Resource Outsourcing Revenue (US$ Million) & (2018-2023)
5.3.5 Infosys Recent Developments
5.4 Infosys
5.4.1 Infosys Profile
5.4.2 Infosys Main Business
5.4.3 Infosys Human Resource Outsourcing Products, Services and Solutions
5.4.4 Infosys Human Resource Outsourcing Revenue (US$ Million) & (2018-2023)
5.4.5 Infosys Recent Developments
5.5 Randstad
5.5.1 Randstad Profile
5.5.2 Randstad Main Business
5.5.3 Randstad Human Resource Outsourcing Products, Services and Solutions
5.5.4 Randstad Human Resource Outsourcing Revenue (US$ Million) & (2018-2023)
5.5.5 Randstad Recent Developments
6 North America
6.1 North America Human Resource Outsourcing Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Human Resource Outsourcing 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 Human Resource Outsourcing 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 Human Resource Outsourcing 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 Human Resource Outsourcing Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Human Resource Outsourcing Market Dynamics
11.1 Human Resource Outsourcing Industry Trends
11.2 Human Resource Outsourcing Market Drivers
11.3 Human Resource Outsourcing Market Challenges
11.4 Human Resource Outsourcing 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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