Global HR Advisory Services Market Size study & Forecast, by Type (Compensation consulting, Benefits Consulting, Human resources management consulting, Actuarial consulting, Strategic consulting, Other), by Service (Integration & Deployment, Support & Mai

Global HR Advisory Services Market Size study & Forecast, by Type (Compensation consulting, Benefits Consulting, Human resources management consulting, Actuarial consulting, Strategic consulting, Other), by Service (Integration & Deployment, Support & Maintenance, Training & Consulting), by End-Use (IT Services, Manufacturing, Financial Services, Mining and Oil & Gas, Construction, Others) and Regional Analysis, 2023-2030

Global HR Advisory Services Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The HR Advisory Services market refers to the industry that provides consulting and advisory services to organizations in various aspects of human resources management. These services include strategic HR planning, talent acquisition and management, compensation and benefits, performance management, employee relations, compliance, training and development, HR technology implementation, and organizational development. The major driving factors for the Global HR Advisory Services Market are the rising complexity of HR management and the rising demand for the digital workplace. Moreover, the rising adoption of cloud services and AI and growing advancements and application of analytical tools in the HR industry are creating lucrative growth opportunities for the market over the forecast period.

According to a survey conducted by Statista published in 2020, highlights that the primary focus area within human resources (HR) for large organizations worldwide that are planning to increase their staff is HR data analytics. The survey revealed that 34% of respondents expressed their intention to increase staffing in this role. This indicates a growing recognition of the importance of leveraging data analytics in HR functions to drive strategic decision-making, improve workforce planning, enhance talent management, and optimize overall HR processes. However, cybersecurity threat in HR Advisory Services stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global HR Advisory Services Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The HR Advisory Services market in North America is dominating in 2022. The United States and Canada are key contributors to the market, driven by a large corporate sector, strict labor laws, and a focus on talent management and employee engagement. The presence of multinational corporations and a competitive business landscape creates a strong demand for HR advisory services in areas such as talent acquisition, compensation and benefits, compliance, and employee relations. The HR Advisory Services market in Asia Pacific is experiencing fastest growth due to the region's economic expansion, globalization, and increasing awareness of HR best practices. Countries such as China, India, Japan, and Australia offer substantial market potential. The market is driven by factors such as talent shortage, labor law reforms, and the need for workforce transformation and leadership development. The increasing adoption of HR technology solutions and outsourcing trends also contribute to the growth of HR advisory services in the region.

Major market player included in this report are:
International Business Machines Corporation
McKesson Corporation
Dell Inc.
Tata Consultancy Services Limited
Infosys Limited
Accenture PLC
Aon plc
Deloitte Inc
The Adecco Group AG
Marsh & McLennan Companies Inc.

Recent Developments in the Market:
In March 2020, Aon Plc, a London-based, completed the acquisition of Willis Towers Watson (WTW), a UK-based risk management, insurance brokerage, and advisory company, for a total of USD 30 billion. This strategic acquisition aimed to enhance Aon Plc's capabilities and expertise in key areas such as cybersecurity, intellectual property, climate change, and health solutions.

Global HR Advisory Services Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Service, End-Use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Compensation consulting
Benefits Consulting
Human resources management consulting
Actuarial consulting
Strategic consulting
Other

By Service:
Integration & Deployment
Support & Maintenance
Training & Consulting

By End-Use:
IT Services
Manufacturing
Financial Services
Mining and Oil & Gas
Construction
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
International Business Machines Corporation
McKesson Corporation
Dell Inc.
Tata Consultancy Services Limited
Infosys Limited
Accenture PLC
Aon plc
Deloitte Inc
The Adecco Group AG
Marsh & McLennan Companies Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.