HR outsourcing market size set to grow by $10.9 billion, Accenture Plc and Adecco Group AG among key vendors

This report with TOC analyzes the HR Outsourcing market by service (PO, BAO, MPHRO, RPO and LSO) and geography (North America, EuropeAPAC, South Americaand the middle East Y Africa)

NEW YORK, August 3, 2022 /PRNewswire/ — The global human resource outsourcing market will be dominated by North America 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 the integration of cloud-based services and social networks in the hiring process. Also, the market growth in this region will be slower than the market growth in other regions. United States and Canada are the key countries for the human resources outsourcing market in North America.

Technavio has announced its latest market research report titled Human Resource Outsourcing Market by Service and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled Human Resource Outsourcing Market by Service and Geography – Forecast and Analysis 2022-2026

The global HR outsourcing market is expected to grow by $10.90 billion from 2021 to 2026. However, the market growth momentum will slow down to a CAGR of 4.87% during the forecast period, according to the latest market report by Technavio.

Get a full report summary outlining market size and forecast along with research methodology. the FREE sample report It is available in pdf format

HR Outsourcing Market – Main Driver Of Growth And Trend

the digitalization of human resources outsourcing is driving market growth. To support the Industry 4.0 trend and advanced database management systems, online platforms need to go digital. Advanced technologies such as IoT, cloud computing, big data, analytics, and augmented reality are transforming industrial processes. Companies also need HR outsourcing to manage their units. Significantly reduces access costs per person and increases overall productivity. Thus, technological advancements and the increasing adoption of digitization will drive the growth of the global human resource outsourcing market during the forecast period.

the increased adoption of recruiting analytics It is a trend in the market. Many organizations are using analytics due to the complications in managing large volumes of workforce data. Analytics solutions use statistical and scientific methods to derive meaningful insights from raw data. Proactive recruiting, big data, and social media are gaining momentum in the HR outsourcing industry. Such factors will drive the growth of the HR outsourcing market during the forecast period.

Make the most of future growth opportunities with the help of the latest drivers and trends provided by Technavio. View a free sample report now!

HR Outsourcing Market: Key Vendor Deals

  • Accenture Plc – The company offers HR outsourcing providing a new HR outsourcing solution that enables mid-sized organizations to outsource their HR services and functions end-to-end, achieving higher performance levels in HR services and reducing your costs.

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

  • Capgemini SAS Service – The company offers HR outsourcing providing payroll, time and attendance, talent, benefits and insurance, HR services, HR and PEO outsourcing, integrations, and app marketplace.

  • General Outsourcing Co. Ltd. – The company offers HR outsourcing that includes HR management solutions such as payroll outsourcing, administrative management, and employee welfare, including an online personnel management system.

  • International Business Machines Corporation. The company offers human resources outsourcing that enables HR professionals to be more strategic people managers by outsourcing some of the administrative and operational tasks.

Reasons to buy Human Resource Outsourcing Market Report:

  • Market CAGR during the forecast period 2021-2025

  • Detailed information on factors that will assist human resource outsourcing market growth during the next five years.

  • Estimation of the size of the human resources outsourcing market and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • The growth of the HR outsourcing market across North America, EuropeAPAC, South Americaand the middle East Y Africa

  • Analysis of the competitive landscape of the market and detailed information on the suppliers.

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

Related reports

Engineering services outsourcing market by Sourcing, End User and Geography – Forecast and Analysis 2022-2026

Recruitment process outsourcing market by end user and geography – Forecast and analysis 2021-2025

Scope of the HR Outsourcing Market

Report Coverage

Details

Page number

120

base year

2021

forecast period

2022-2026

Growth momentum and CAGR

Slow down to a CAGR of 4.87%

Market growth 2022-2026

$10.90 billion

market structure

Fragmented

YoY growth (%)

5.37

regional analysis

North America, Europe, APAC, South America and the Middle East and Africa

Contribution to the real market

North America at 56%

Main consuming countries

United States, Canada, United Kingdom, France and Germany

competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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., HP Inc., Infosys Ltd., International Business Machines Corp., Manpower Group, MHR, Randstad Holding NV, Wipro Ltd., Zalaris ASA., Aon Plc and UKG Inc.

market dynamics

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

Customization Scope

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Browse Information Technology Market research reports

Table of Contents

1. Executive Summary

2 Market Landscape

3 Market size

4 Five Forces Analysis

5 Market Segmentation by Service

6 Customer landscape

7 Geographic Landscape

8 drivers, challenges and trends

9 Provider landscape

10 Supplier Analysis

11 Appendix

About us

Technavio is a world leader in technology research and consulting. His research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of more than 17,000 reports and counting, spanning 800 technologies and spanning 50 countries. Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market insights to identify opportunities in existing markets and and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Mayda
Media and Marketing Executive
USA: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

cision

cision

View original content to download media:https://www.prnewswire.com/news-releases/human-resource-outsourcing-market-size-to-grow-by-usd-10-90-billion-accenture-plc-and-adecco-group-ag- between-key-suppliers—technavio-301598705.html

SOURCE Technavio

Leave a Reply

Your email address will not be published.