Global Employer of Record Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Employer of Record Market 2024 by Company, Regions, Type and Application, Forecast to 2030

An Employer of Record (EOR) is a third-party organization that takes responsibility for all formal employment tasks on behalf of another company. The EOR allows companies to legally and efficiently engage with overseas workers either in a new country or state, without having to set up a local entity or risk violating local employment laws. Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively.

In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services. A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization.

Some firms take Employer of Record (EOR) business same as PEO and we abide this attribution in corresponding situation.

According to our (Global Info Research) latest study, the global Employer of Record market size was valued at US$ 4579 million in 2023 and is forecast to a readjusted size of USD 7147 million by 2030 with a CAGR of 6.6% during review period.

The major players in global employer of record market include Adecco, Randstad, etc. The top 5 players occupy about 15% shares of the global market.North America is main markets, which occupies about 44% of the global market.In terms of product, aggregator model is the largest segment, with a share over 65%. And in terms of application, the largest application is SMEs, followed by large enterprises.

This report is a detailed and comprehensive analysis for global Employer of Record market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Employer of Record market size and forecasts, in consumption value ($ Million), 2019-2030

Global Employer of Record market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Employer of Record market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Employer of Record market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Employer of Record

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Employer of Record market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Adecco, Randstad, Aquent, FoxHire, Infotree Global, Safeguard Global, Velocity Global, Globalization Partners, Shield GEO, Acumen International, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Employer of Record market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Employer of Record market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Aggregator Model
Wholly Owned Infrastructure Model

Market segment by Application
SMEs
Large Enterprises

Market segment by players, this report covers
Adecco
Randstad
Aquent
FoxHire
Infotree Global
Safeguard Global
Velocity Global
Globalization Partners
Shield GEO
Acumen International
Remote Team (Gusto)
Deel
Remote Technology
Elements Global Services
Papaya Global
Universal Hires
CIIC
Links International
New Horizons Global Partners
Sky Executive

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Employer of Record product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Employer of Record, with revenue, gross margin, and global market share of Employer of Record from 2019 to 2024.

Chapter 3, the Employer of Record competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Employer of Record market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Employer of Record.

Chapter 13, to describe Employer of Record research findings and conclusion.