Global Human Resource Outsourcing (HRO) Services Market Growth (Status and Outlook) 2023-2029

Global Human Resource Outsourcing (HRO) Services Market Growth (Status and Outlook) 2023-2029

Human Resource Outsourcing is a contractual agreement between an employer and an external third-party provider whereby the employer transfers the management of, and responsibility for, certain HR functions to the external provider. Many types of HR outsourcing options are available to employers. The options can be as specific as outsourcing one particular aspect of one HR function—such as applicant tracking for affirmative action purposes—or as broad as outsourcing the entire human resource department. HR outsourcing helps an organization to gain cost and time efficiencies and provides cutting edge over their human resource strategies and improves services to their employees.

LPI (LP Information)' newest research report, the “Human Resource Outsourcing (HRO) Services Industry Forecast” looks at past sales and reviews total world Human Resource Outsourcing (HRO) Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Human Resource Outsourcing (HRO) Services sales for 2023 through 2029. With Human Resource Outsourcing (HRO) Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Human Resource Outsourcing (HRO) Services industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Human Resource Outsourcing (HRO) Services 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 Human Resource Outsourcing (HRO) Services.

The global Human Resource Outsourcing (HRO) Services market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Human Resource Outsourcing (HRO) Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Human Resource Outsourcing (HRO) Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Human Resource Outsourcing (HRO) Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Human Resource Outsourcing (HRO) Services players cover ADP, IBM, Paychex, Insperity, TriNet, Engage PEO, Bambee, CoAdvantage and Zenefits, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Human Resource Outsourcing (HRO) Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Professional employer organizations (PEOs)
Administrative Service Organizations (ASOs)

Segmentation by application
Large Enterprises
SMEs

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.
ADP
IBM
Paychex
Insperity
TriNet
Engage PEO
Bambee
CoAdvantage
Zenefits
Workday
G&A Partners
Tandem HR
Peninsula
Europe HR Solutions
Trupp HR
Oasis
Infiniti
Rippling
The HR Team
Avensure

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