2023-2029 Human Resource Outsourcing (HRO) Market Size Detailed Report with Driving Factors and Company Analysis | Research by Absolute Reports

[103] pages Human Resource Outsourcing (HRO) market report is segmented by geographical regions (Europe, Asia Pacific, Latin America, Middle East & Africa) and manufactures (Cielo, Inc., Kronos, Inc., International Business Machines Corporation, Mercer, LLC, CGI Group, Inc., Paychex, Inc., Randstad Holding NV, Accenture PLC, Intuit, Inc., Ultimate Software Group, Inc., Infosys BPM Ltd., Ceridian HCM, Inc., ADP LLC, NGA Human Resources, General Outsourcing Co. Ltd., Equifax, Inc., Aon Hewitt, Adecco Group AG-).

"Final Report will add the analysis of the impact of COVID-19 on this industry.

Global “Human Resource Outsourcing (HRO) Market” Research [103 Pages Report] are detailed by types, applications, and geographical. These classifications are further broken down into divisions in order to provide a deeper understanding of the Human Resource Outsourcing (HRO) market. The study introduces competitors in the industry and details the top businesses from the standpoint of market share, market size, growth rate etc. for the competitive landscape. Also, the effects of COVID-19, rising market trends, mergers and acquisitions, and regional conflicts will all be taken into account.

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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 36645.07 million in 2022 and is expected to expand at a CAGR of 4.91 percentage during the forecast period, reaching USD 48858.42 million by 2028.
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:

• Cielo, Inc.
• Kronos, Inc.
• International Business Machines Corporation
• Mercer, LLC
• CGI Group, Inc.
• Paychex, Inc.
• Randstad Holding NV
• Accenture PLC
• Intuit, Inc.
• Ultimate Software Group, Inc.
• Infosys BPM Ltd.
• Ceridian HCM, Inc.
• ADP LLC
• NGA Human Resources
• General Outsourcing Co. Ltd.
• Equifax, Inc.
• Aon Hewitt
• 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
• DDDD

Human Resource Outsourcing (HRO) Market by Applications:

• BFSI
• Healthcare
• IT
• Hospitality
• Retail
• Other

Key Factors Considered

COVID-19

Amid the COVID-19 crisis, the Human Resource Outsourcing (HRO) market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War

The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges and Opportunities

Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2018-2029):

• United States
• Europe
• China
• Japan
• India
• Southeast Asia
• Latin America
• Middle East and Africa

Years considered for this report:

• Historical Years: 2018-2022
• Base Year: 2022
• Estimated Year: 2023
• Forecast Period: 2022-2029

Client Focus

1. 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.

1. 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.

1. 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.

1. 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 2029?
• 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 Human Resource Outsourcing (HRO) Market Segment by Type

1.2.1 Global Human Resource Outsourcing (HRO) Market Sales Volume and CAGR ( percentage) Comparison by Type (2018-2028)

1.3 Global Human Resource Outsourcing (HRO) Market Segment by Application

1.3.1 Human Resource Outsourcing (HRO) Market Consumption (Sales Volume) Comparison by Application (2018-2028)

1.4 Global Human Resource Outsourcing (HRO) Market, Region Wise (2018-2028)

1.4.1 Global Human Resource Outsourcing (HRO) Market Size (Revenue) and CAGR ( percentage) Comparison by Region (2018-2028)

1.4.2 United States Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.3 Europe Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.4 China Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.5 Japan Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.6 India Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.7 Southeast Asia Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.8 Latin America Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.4.9 Middle East and Africa Human Resource Outsourcing (HRO) Market Status and Prospect (2018-2028)

1.5 Global Market Size of Human Resource Outsourcing (HRO) (2018-2028)

1.5.1 Global Human Resource Outsourcing (HRO) Market Revenue Status and Outlook (2018-2028)

1.5.2 Global Human Resource Outsourcing (HRO) Market Sales Volume Status and Outlook (2018-2028)

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 Human Resource Outsourcing (HRO) Sales Volume and Share by Player (2018-2023)

3.2 Global Human Resource Outsourcing (HRO) Revenue and Market Share by Player (2018-2023)

3.3 Global Human Resource Outsourcing (HRO) Average Price by Player (2018-2023)

3.4 Global Human Resource Outsourcing (HRO) Gross Margin by Player (2018-2023)

3.5 Human Resource Outsourcing (HRO) Market Competitive Situation and Trends

3.5.1 Human Resource Outsourcing (HRO) Market Concentration Rate

3.5.2 Human Resource Outsourcing (HRO) 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 (2018-2023)

4.1 Global Human Resource Outsourcing (HRO) Sales Volume and Market Share, Region Wise (2018-2023)

4.2 Global Human Resource Outsourcing (HRO) Revenue and Market Share, Region Wise (2018-2023)

4.3 Global Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4 United States Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4.1 United States Human Resource Outsourcing (HRO) Market Under COVID-19

4.5 Europe Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.5.1 Europe Human Resource Outsourcing (HRO) Market Under COVID-19

4.6 China Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.6.1 China Human Resource Outsourcing (HRO) Market Under COVID-19

4.7 Japan Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.7.1 Japan Human Resource Outsourcing (HRO) Market Under COVID-19

4.8 India Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.8.1 India Human Resource Outsourcing (HRO) Market Under COVID-19

4.9 Southeast Asia Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.9.1 Southeast Asia Human Resource Outsourcing (HRO) Market Under COVID-19

4.10 Latin America Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.10.1 Latin America Human Resource Outsourcing (HRO) Market Under COVID-19

4.11 Middle East and Africa Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.11.1 Middle East and Africa Human Resource Outsourcing (HRO) Market Under COVID-19

5 Global Human Resource Outsourcing (HRO) Sales Volume, Revenue, Price Trend by Type

5.1 Global Human Resource Outsourcing (HRO) Sales Volume and Market Share by Type (2018-2023)

5.2 Global Human Resource Outsourcing (HRO) Revenue and Market Share by Type (2018-2023)

5.3 Global Human Resource Outsourcing (HRO) Price by Type (2018-2023)

5.4 Global Human Resource Outsourcing (HRO) Sales Volume, Revenue and Growth Rate by Type (2018-2023)

6 Global Human Resource Outsourcing (HRO) Market Analysis by Application

6.1 Global Human Resource Outsourcing (HRO) Consumption and Market Share by Application (2018-2023)

6.2 Global Human Resource Outsourcing (HRO) Consumption Revenue and Market Share by Application (2018-2023)

6.3 Global Human Resource Outsourcing (HRO) Consumption and Growth Rate by Application (2018-2023)

7 Global Human Resource Outsourcing (HRO) Market Forecast (2023-2028)

7.1 Global Human Resource Outsourcing (HRO) Sales Volume, Revenue Forecast (2023-2028)

7.1.1 Global Human Resource Outsourcing (HRO) Sales Volume and Growth Rate Forecast (2023-2028)

7.1.2 Global Human Resource Outsourcing (HRO) Revenue and Growth Rate Forecast (2023-2028)

7.1.3 Global Human Resource Outsourcing (HRO) Price and Trend Forecast (2023-2028)

7.2 Global Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast, Region Wise (2023-2028)

7.2.1 United States Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.2 Europe Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.3 China Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.4 Japan Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.5 India Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.6 Southeast Asia Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.7 Latin America Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.2.8 Middle East and Africa Human Resource Outsourcing (HRO) Sales Volume and Revenue Forecast (2023-2028)

7.3 Global Human Resource Outsourcing (HRO) Sales Volume, Revenue and Price Forecast by Type (2023-2028)

7.3.1 Global Human Resource Outsourcing (HRO) Revenue and Growth Rate of Photo (2023-2028)

7.3.2 Global Human Resource Outsourcing (HRO) Revenue and Growth Rate of Video (2023-2028)

7.4 Global Human Resource Outsourcing (HRO) Consumption Forecast by Application (2023-2028)

7.4.1 Global Human Resource Outsourcing (HRO) Consumption Value and Growth Rate of Commercial(2023-2028)

7.4.2 Global Human Resource Outsourcing (HRO) Consumption Value and Growth Rate of Editorial(2023-2028)

7.5 Human Resource Outsourcing (HRO) Market Forecast Under COVID-19

8 Human Resource Outsourcing (HRO) Market Upstream and Downstream Analysis

8.1 Human Resource Outsourcing (HRO) 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 (2018-2023)

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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