Human Resource Outsourcing (HRO) market segmented by types, applications and manufactures in the global Human Resource Outsourcing (HRO) market report includes- NGA Human Resources, Infosys BPM Ltd., CGI Group, Inc., Paychex, Inc., Kronos, Inc., ADP LLC, Equifax, Inc., Ultimate Software Group, Inc., International Business Machines Corporation, Cielo, Inc., Accenture PLC, Mercer, LLC, Aon Hewitt, Intuit, Inc., Randstad Holding NV, Ceridian HCM, Inc., General Outsourcing Co. Ltd., Adecco Group AG and including 98 number of pages
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global “Human Resource Outsourcing (HRO) Market” 2027 research report gives comprehensive information on market overview, product overview and scope, segment by types, applications, manufactures and geographical regions. Furthermore, report covers product development/innovation which givers in-depth estimation of the market strategies, regions and business segments of the leading players in the market. Human Resource Outsourcing (HRO) market gives exhaustive information of competitive assessment including quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region.
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Market Analysis and Insights: Global Human Resource Outsourcing (HRO) Market
The global Human Resource Outsourcing (HRO) market size was valued at USD 34960.0 million in 2021 and is expected to expand at a CAGR of 4.89% during the forecast period, reaching USD 46554.0 million by 2027.
Human Resources Outsourcing (HRO) is one of the major sectors in the Business Process Outsourcing (BPO) domain. Companies lacking the financial, human and technological resources to handle critical functions of the human resource (HR) management generally opt for HR outsourcing services. As HR department plays a vital role in the overall satisfaction of the employees in any company, HRO has been increasingly gaining importance. By outsourcing common HR functions such as learning management, recruiting, compensation planning, performance management and succession planning, companies benefit in terms of cost savings as well as performance improvements. Companies with less employee strength are also willing to focus on outsourcing their human resource functions, as service providers are creating appropriate outsourcing models that suit the organization, providing employee productivity benefits.
Major Players in Human Resource Outsourcing (HRO) market are:
- NGA Human Resources
- Infosys BPM Ltd.
- CGI Group, Inc.
- Paychex, Inc.
- Kronos, Inc.
- ADP LLC
- Equifax, Inc.
- Ultimate Software Group, Inc.
- International Business Machines Corporation
- Cielo, Inc.
- Accenture PLC
- Mercer, LLC
- Aon Hewitt
- Intuit, Inc.
- Randstad Holding NV
- Ceridian HCM, Inc.
- General Outsourcing Co. Ltd.
- Adecco Group AG
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Human Resource Outsourcing (HRO) Market by Types:
- Payroll Outsourcing
- Benefits Administration Outsourcing
- Multiprocess Human Resource Outsourcing
- Recruitment Process Outsourcing
- Learning Services Outsourcing
- Others
Human Resource Outsourcing (HRO) Market by Applications:
- BFSI
- Healthcare
- IT
- Hospitality
- Retail
- Other
Human Resource Outsourcing (HRO) Market Key Points:
- Characterize, portray and Forecast Human Resource Outsourcing (HRO) item market by product type, application, manufactures and geographical regions.
- Give venture outside climate investigation.
- Give systems to organization to manage the effect of COVID-19.
- Give market dynamic examination, including market driving variables, market improvement requirements.
- Give market passage system examination to new players or players who are prepared to enter the market, including market section definition, client investigation, conveyance model, item informing and situating, and cost procedure investigation.
- Stay aware of worldwide market drifts and give examination of the effect of the COVID-19 scourge on significant locales of the world.
- Break down the market chances of partners and furnish market pioneers with subtleties of the cutthroat scene.
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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2027):
- United States
- Europe
- China
- Japan
- India
- Southeast Asia
- Latin America
- Middle East and Africa
Years considered for this report:
- Historical Years: 2017-2021
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2022-2027
Client Focus
- Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Human Resource Outsourcing (HRO) market?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters 1.7, 2.7, 4.X.1, 7.5, 8.7, we elaborate at full length on the impact of the pandemic and the war on the Human Resource Outsourcing (HRO) Industry.
- How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Please find the key player list in Summary.
- What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Please find a more complete list of data sources in Chapters 11.2.1 and 11.2.2.
- Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Chapter including in Human Resource Outsourcing (HRO) market report:
- Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.
- Chapter 2 provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.
- Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.
- Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.
- Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.
- Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.
- Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.
- Chapter 8 is the analysis of the whole market industrial chain, covering key raw materials suppliers and price analysis, manufacturing cost structure analysis, alternative product analysis, also providing information on major distributors, downstream buyers, and the impact of COVID-19 pandemic.
- Chapter 9 shares a list of the key players in the market, together with their basic information, product profiles, market performance (i.e., sales volume, price, revenue, gross margin), recent development, SWOT analysis, etc.
- Chapter 10 is the conclusion of the report which helps the readers to sum up the main findings and points.
- Chapter 11 introduces the market research methods and data sources.
Some of the key questions answered in this report:
- What will the Human Resource Outsourcing (HRO) market growth rate during the forecast period?
- Which are the key factors driving the Human Resource Outsourcing (HRO) market?
- What was the size of the Human Resource Outsourcing (HRO) market by 2027?
- Which region is expected to hold the highest market share in the Human Resource Outsourcing (HRO) market?
- What trends, challenges and barriers will impact the development and sizing of the Global Human Resource Outsourcing (HRO) market?
- What are the Human Resource Outsourcing (HRO) market opportunities in the global Human Resource Outsourcing (HRO) Industry?
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Detailed TOC of Global Human Resource Outsourcing (HRO) Industry Research Report
1 Human Resource Outsourcing (HRO) Market Overview
1.1 Product Overview and Scope of Human Resource Outsourcing (HRO) Market
1.2 Market Segment by Type
1.2.1 Global Market Sales Volume and CAGR (%) Comparison by Type (2017-2027)
1.3 Global Market Segment by Application
1.3.1 Market Consumption (Sales Volume) Comparison by Application (2017-2027)
1.4 Global Market, Region Wise (2017-2027)
1.4.1 Global Market Size (Revenue) and CAGR (%) Comparison by Region (2017-2027)
1.5 Global Market Size of (2017-2027)
1.5.1 Global Market Revenue Status and Outlook (2017-2027)
1.5.2 Global Market Sales Volume Status and Outlook (2017-2027)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the Human Resource Outsourcing (HRO) Market
2 Industry Outlook
2.1 Human Resource Outsourcing (HRO) Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of Financial Barriers
2.2.2 Analysis of Technical Barriers
2.2.3 Analysis of Talent Barriers
2.2.4 Analysis of Brand Barrier
2.3 Human Resource Outsourcing (HRO) Market Drivers Analysis
2.4 Human Resource Outsourcing (HRO) Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Consumer Preference Analysis
2.7 Human Resource Outsourcing (HRO) Industry Development Trends under COVID-19 Outbreak
2.7.1 Global COVID-19 Status Overview
2.7.2 Influence of COVID-19 Outbreak on Human Resource Outsourcing (HRO) Industry Development
3 Global Human Resource Outsourcing (HRO) Market Landscape by Player
3.1 Global Sales Volume and Share by Player (2017-2022)
3.2 Global Revenue and Market Share by Player (2017-2022)
3.3 Global Average Price by Player (2017-2022)
3.4 Global Gross Margin by Player (2017-2022)
3.5 Market Competitive Situation and Trends
3.5.1 Market Concentration Rate
3.5.2 Market Share of Top 3 and Top 6 Players
3.5.3 Mergers and Acquisitions, Expansion
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4 Global Human Resource Outsourcing (HRO) Sales Volume and Revenue Region Wise (2017-2022)
4.1 Global Sales Volume and Market Share, Region Wise (2017-2022)
4.2 Global Revenue and Market Share, Region Wise (2017-2022)
4.3 Global Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4 United States Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4.1 United States Market Under COVID-19
4.5 Europe Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.5.1 Europe Market Under COVID-19
4.6 China Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.6.1 China Market Under COVID-19
4.7 Japan Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.7.1 Japan Market Under COVID-19
4.8 India Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.8.1 India Market Under COVID-19
4.9 Southeast Asia Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.9.1 Southeast Asia Market Under COVID-19
4.10 Latin America Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.10.1 Latin America Market Under COVID-19
4.11 Middle East and Africa Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.11.1 Middle East and Africa Market Under COVID-19
5 Global Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price Trend by Type
5.1 Global Sales Volume and Market Share by Type (2017-2022)
5.2 Global Revenue and Market Share by Type (2017-2022)
5.3 Global Price by Type (2017-2022)
5.4 Global Sales Volume, Revenue and Growth Rate by Type (2017-2022)
6 Global Human Resource Outsourcing (HRO) Market Analysis by Application
6.1 Global Consumption and Market Share by Application (2017-2022)
6.2 Global Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Consumption and Growth Rate by Application (2017-2022)
7 Global Human Resource Outsourcing (HRO) Market Forecast (2022-2027)
7.1 Global Sales Volume, Revenue Forecast (2022-2027)
7.1.1 Global Sales Volume and Growth Rate Forecast (2022-2027)
7.1.2 Global Revenue and Growth Rate Forecast (2022-2027)
7.1.3 Global Price and Trend Forecast (2022-2027)
7.2 Global Sales Volume and Revenue Forecast, Region Wise (2022-2027)
7.2.1 United Sales Volume and Revenue Forecast (2022-2027)
7.2.2 Europe Sales Volume and Revenue Forecast (2022-2027)
8 Human Resource Outsourcing (HRO) Market Upstream and Downstream Analysis
8.1 Industrial Chain Analysis
8.2 Key Raw Materials Suppliers and Price Analysis
8.3 Manufacturing Cost Structure Analysis
8.3.1 Labor Cost Analysis
8.3.2 Energy Costs Analysis
8.3.3 RandD Costs Analysis
8.4 Alternative Product Analysis
8.5 Major Distributors of Human Resource Outsourcing (HRO) Analysis
8.6 Major Downstream Buyers of Human Resource Outsourcing (HRO) Analysis
8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Human Resource Outsourcing (HRO) Industry
9 Players Profiles
9.1 Manufacture 1
9.1.1 Manufacture 1 Basic Information, Manufacturing Base, Sales Region and Competitors
9.1.2 Human Resource Outsourcing (HRO) Product Profiles, Application and Specification
9.1.3 Manufacture 1 Market Performance (2017-2022)
9.1.4 Recent Development
9.1.5 SWOT Analysis
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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