HR Outsourcing Market Size Grows by US$10.90 Billion, Accenture Plc and Adecco Group AG Among the Major Vendors

This report together with TOC analyzes the Human Resource Outsourcing Market by Service (PO, BAO, MPHRO, RPO, LSO) and by geography (North AmaricaAnd the Europeasia pacific, South americaand the The Middle East And the Africa)

New YorkAnd the August 3, 2022 /PRNewswire/ – The global HR outsourcing market will be dominated by North Amarica during the forecast period. The region will account for 56% of the market growth during the forecast period. This growth is attributed to factors such as integrating cloud-based services and social media into the hiring process. Moreover, the market growth in this region will be slower than the market growth in other regions. United States and Canada Which are the key countries of the human resource outsourcing market in North Amarica.

Technavio announced its latest market research report titled HR Outsourcing Market by Service and Geography – Forecasting and Analysis 2022-2026

The global HR outsourcing market is expected to grow 10.90 billion US dollars From 2021 to 2026. However, the growth momentum of the market will slow at a CAGR of 4.87% during the forecast period, according to Technavio’s latest market report.

Get the summary of a comprehensive report describing the market size and forecast along with research methodology. The Free sample report Available as PDF

Human Resource Outsourcing Market: Key Driver of Growth and Trend

The Digitizing HR Outsourcing driving market growth. To support the trend of Industry 4.0 and advanced database management systems, online platforms must be digitized. Advanced technologies such as the Internet of Things, cloud computing, big data, analytics, and augmented reality are transforming industrial operations. Companies also need to outsource human resources to manage their units. It significantly reduces per-person access costs and increases overall productivity. Hence, technological advancement and increasing adoption of digitalization will cause the global HR outsourcing market to grow during the forecast period.

The Rise in the adoption of employment analytics It is a trend in the market. Many organizations use analytics due to the complexities of managing large amounts of workforce data. Analytics solutions use statistical and scientific methods to extract meaningful insights from raw data. Proactive recruitment, big data, and social media is gaining momentum in the HR outsourcing industry. These factors will drive the growth of the HR outsourcing market during the forecast period.

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HR Outsourcing Market: Key Vendor Offerings

  • Accenture plc – The company offers HR outsourcing that provides a new HR outsourcing solution that enables medium-sized organizations to outsource end-to-end HR services and functions, achieving higher performance levels in HR services while lowering their costs.

  • Adecco Group AG – The company offers human resource outsourcing that provides innovative solutions that enable employers to improve their workforce and employees to take control of their careers.

  • Capgemini SAS Service – The company offers HR outsourcing services that provide payroll, time & attendance, talent & benefits, insurance, HR services, HR outsourcing, PEO, integration, and application marketplace.

  • Public Outsourcing Company Limited – The company offers human resource outsourcing that includes human resource management solutions such as outsourcing of payroll, administrative management, and employee welfare, including an online employee management system.

  • International Business Machines Corp. The company offers HR outsourcing that enables HR professionals to be more strategic managers by outsourcing certain administrative and operational tasks.

Reasons to buy Human Resource Outsourcing Market Report:

  • Compound annual growth rate of the market during the forecast period 2021-2025

  • Detailed information on the factors that will help the growth of the HR outsourcing market over the next five years

  • Estimating the size of the human resource outsourcing market and its contribution to the home market

  • Predictions of upcoming trends and changes in consumer behavior

  • Growth of the HR outsourcing market across North AmaricaAnd the Europeasia pacific, South americaand the The Middle East And the Africa

  • Analysis of the competitive landscape of the market and detailed information of the vendors

  • Comprehensive details of factors that will challenge the growth of HR outsourcing market vendors

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Scope of the HR Outsourcing Market

Report coverage

details

page number

120

base year

2021

prediction period

2022-2026

Growth Momentum and CAGR

slows at a compound annual growth rate of 4.87%

Market growth 2022-2026

10.90 billion US dollars

Market Structure, Market Structure

fragmented

Annual Growth (%)

5.37

Regional Analysis

North America, Europe, Asia Pacific, South America, Middle East and Africa

Market share performance

North America 56%

Main consuming countries

United States, Canada, United Kingdom, France and Germany

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Accenture Plc, Adecco Group AG, Automatic Data Processing Inc., Capgemini Service SAS, Capita Plc, Ceridian HCM Holding Inc., CGI Inc., Fidelity Investments Inc., General Outsourcing Co Ltd., Genpact Ltd., HCL Technologies Ltd. Hexaware Technologies Ltd. and HP Inc. and Infosys Ltd. and International Business Machines Corp. and Manpower Group, MHR, Randstad Holding NV, and Wipro Ltd. and Zalaris ASA. and Aon Plc and UKG Inc.

market dynamics

Key market analysis, market growth drivers and obstacles, fast-growing and slow-growing segments analysis, COVID-19 impact and future consumer dynamics, market status analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

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table of contents

1. Executive Summary

2 market view

3 market sizing

4 Five forces analysis

5 Market segmentation by service

6 customer perspective

7 Geographical scene

8 Drivers, Challenges and Trends

9 landscape seller

10 Vendor Analysis

Appendix 11

information about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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