Global Employer of Record Market Growth (Status and Outlook) 2025-2031

Global Employer of Record Market Growth (Status and Outlook) 2025-2031

The global Employer of Record market size is predicted to grow from US$ 4377 million in 2025 to US$ 6589 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

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. Employer of Record is legally responsible for paying employees, including dealing with employee taxes, benefits, insurance, visa application, and sponsorship applications and a great many other transactions and operations concerning human resources. 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.

Global key players of Employer of Record include Adecco, Randstad, Aquent, Globalization Partners, FoxHire, etc. The top five players hold a share about 16%. North America is the largest market, and has a share about 44%, followed by Asia-Pacific and Europe with share 25% and 25%, separately. In terms of product type, Aggregator Model is the largest segment, accounting for a share of 68%. In terms of application, SMEs is the largest field with a share about 69 percent.

LPI (LP Information)' newest research report, the “Employer of Record Industry Forecast” looks at past sales and reviews total world Employer of Record sales in 2024, providing a comprehensive analysis by region and market sector of projected Employer of Record sales for 2025 through 2031. With Employer of Record sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Employer of Record industry.

This Insight Report provides a comprehensive analysis of the global Employer of Record landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Employer of Record portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Employer of Record market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Employer of Record and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Employer of Record.

This report presents a comprehensive overview, market shares, and growth opportunities of Employer of Record market by product type, application, key players and key regions and countries.

Segmentation by Type:
Aggregator Model
Wholly Owned Infrastructure Model

Segmentation by Application:
SMEs
Large Enterprises

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Adecco
Randstad
Aquent
Globalization Partners
FoxHire
Infotree Global
Safeguard Global
Remote
Velocity Global
Deel
Oyster HR
BIPO
Papaya Global
Knit People
Atlas Technology Solutions
Horizons
Multiplier
Acumen International
Universal Hires
CIIC
Links International
Sky Executive

Please note: The report will take approximately 2 business days to prepare and deliver.