Human Resource Outsourcing Market size to grow by USD 10.90 billion from 2021 to 2026|Accenture Plc, Adecco Group AG, Automatic Data Processing Inc., and more to emerge as key players- Technavio
Thursday, July 27, 2023
NEW YORK, July 19, 2023 /PRNewswire/ -- The human resource outsourcing market size is estimated to grow by USD 10.90 billion from 2021 to 2026, at a CAGR of 4.87%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 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.
Human Resource Outsourcing Market Insights -
-- Vendors: 15+, Including 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. among others
-- Coverage: Parent market analysis; key drivers, major trends, and
challenges; customer and vendor landscape; vendor product insights and
recent developments; key vendors; and market positioning of vendors
-- Segments: Service (PO, BAO, MPHRO, RPO, and LSO) and Geography (North
America, Europe, APAC, South America, and Middle East and Africa)
To understand more about the Human Resource Outsourcing market, request a sample report
Human resource outsourcing market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines -
-- Key purchase criteria
-- Adoption rates
-- Adoption lifecycle
-- Drivers of price sensitivity
-- For highlights on customer landscape analysis, download a sample!
Key Human Resource Outsourcing Market Driver- The digitization of human resource outsourcing is one of the major factors driving market growth. The global human resource outsourcing market is experiencing growth due to the increasing adoption of digitization and technological advances in support of the Industry 4.0 trend and advanced database management systems. Industrial processes are being transformed through the implementation of technologies such as IoT, cloud computing, big data, analytics, and augmented reality. These developments enable organizations to integrate their horizontal and vertical structures while also providing cost reductions and increased productivity through human resource outsourcing. As a result, the global human resource outsourcing market is expected to grow during the forecast period.
Key Human Resource Outsourcing Market Trend- The rise in the adoption of recruitment analytics is an emerging trend shaping market growth.
Key Human Resource Outsourcing Market Challenge- Increased dependence on outsourcing agencies is a significant challenge hindering market growth.
Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!
The human resource outsourcing market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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What are the key data covered in this Human Resource Outsourcing Market report?
-- CAGR of the market during the forecast period
-- Detailed information on factors that will drive the growth of the human
resource outsourcing market between 2022 and 2026
-- Precise estimation of the human resource outsourcing market size and its
contribution to the market in focus on the parent market
-- Accurate predictions about upcoming trends and changes in consumer
behaviour
-- Growth of the human resource outsourcing market across North America,
Europe, APAC, South America, and the Middle East and Africa
-- A thorough analysis of the market's competitive landscape and detailed
information about vendors
-- Comprehensive analysis of factors that will challenge the growth of
human resource outsourcing market vendors
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Human Resource Outsourcing Market Scope
Report Coverage
Details
Base year 2021
Historic period
2017-2021
Forecast period
2022-2026
Growth momentum & CAGR Decelerate at a CAGR of 4.87%
Market Growth 2022-2026
USD 10.90 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 5.37
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution North America at 56%
Key countries
US, Canada, UK, France, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled 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 Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and
recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents
1 Executive Summary
-- 1.1 Market overview
-- Exhibit 01: Executive Summary - Chart on Market Overview
-- Exhibit 02: Executive Summary - Data Table on Market Overview
-- Exhibit 03: Executive Summary - Chart on Global Market
Characteristics
-- Exhibit 04: Executive Summary - Chart on Market by Geography
-- Exhibit 05: Executive Summary - Chart on Market Segmentation by
Service
-- Exhibit 06: Executive Summary - Chart on Incremental Growth
-- Exhibit 07: Executive Summary - Data Table on Incremental Growth
-- Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
-- 2.1 Market ecosystem
-- Exhibit 09: Parent market
-- Exhibit 10: Market Characteristics
3 Market Sizing
-- 3.1 Market definition
-- Exhibit 11: Offerings of vendors included in the market definition
-- 3.2 Market segment analysis
-- Exhibit 12: Market segments
-- 3.3 Market size 2021
-- 3.4 Market outlook: Forecast for 2021-2026
-- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($
million)
-- Exhibit 14: Data Table on Global - Market size and forecast
2021-2026 ($ million)
-- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026
(%)
-- Exhibit 16: Data Table on Global Market: Year-over-year growth
2021-2026 (%)
4 Five Forces Analysis
-- 4.1 Five forces summary
-- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
-- 4.2 Bargaining power of buyers
-- Exhibit 18: Chart on Bargaining power of buyers - Impact of key
factors 2021 and 2026
-- 4.3 Bargaining power of suppliers
-- Exhibit 19: Bargaining power of suppliers - Impact of key factors in
2021 and 2026
-- 4.4 Threat of new entrants
-- Exhibit 20: Threat of new entrants - Impact of key factors in 2021
and 2026
-- 4.5 Threat of substitutes
-- Exhibit 21: Threat of substitutes - Impact of key factors in 2021
and 2026
-- 4.6 Threat of rivalry
-- Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and
2026
-- 4.7 Market condition
-- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Service
-- 5.1 Market segments
-- Exhibit 24: Chart on Service - Market share 2021-2026 (%)
-- Exhibit 25: Data Table on Service - Market share 2021-2026 (%)
-- 5.2 Comparison by Service
-- Exhibit 26: Chart on Comparison by Service
-- Exhibit 27: Data Table on Comparison by Service
-- 5.3 PO - Market size and forecast 2021-2026
-- Exhibit 28: Chart on PO - Market size and forecast 2021-2026 ($
million)
-- Exhibit 29: Data Table on PO - Market size and forecast 2021-2026 ($
million)
-- Exhibit 30: Chart on PO - Year-over-year growth 2021-2026 (%)
-- Exhibit 31: Data Table on PO - Year-over-year growth 2021-2026 (%)
-- 5.4 BAO - Market size and forecast 2021-2026
-- Exhibit 32: Chart on BAO - Market size and forecast 2021-2026 ($
million)
-- Exhibit 33: Data Table on BAO - Market size and forecast 2021-2026
($ million)
-- Exhibit 34: Chart on BAO - Year-over-year growth 2021-2026 (%)
-- Exhibit 35: Data Table on BAO - Year-over-year growth 2021-2026 (%)
-- 5.5 MPHRO - Market size and forecast 2021-2026
-- Exhibit 36: Chart on MPHRO - Market size and forecast 2021-2026 ($
million)
-- Exhibit 37: Data Table on MPHRO - Market size and forecast 2021-2026
($ million)
-- Exhibit 38: Chart on MPHRO - Year-over-year growth 2021-2026 (%)
-- Exhibit 39: Data Table on MPHRO - Year-over-year growth 2021-2026
(%)
-- 5.6 RPO - Market size and forecast 2021-2026
-- Exhibit 40: Chart on RPO - Market size and forecast 2021-2026 ($
million)
-- Exhibit 41: Data Table on RPO - Market size and forecast 2021-2026
($ million)
-- Exhibit 42: Chart on RPO - Year-over-year growth 2021-2026 (%)
-- Exhibit 43: Data Table on RPO - Year-over-year growth 2021-2026 (%)
-- 5.7 LSO - Market size and forecast 2021-2026
-- Exhibit 44: Chart on LSO - Market size and forecast 2021-2026 ($
million)
-- Exhibit 45: Data Table on LSO - Market size and forecast 2021-2026
($ million)
-- Exhibit 46: Chart on LSO - Year-over-year growth 2021-2026 (%)
-- Exhibit 47: Data Table on LSO - Year-over-year growth 2021-2026 (%)
-- 5.8 Market opportunity by Service
-- Exhibit 48: Market opportunity by Service ($ million)
6 Customer Landscape
-- 6.1 Customer landscape overview
-- Exhibit 49: Analysis of price sensitivity, lifecycle, customer
purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
-- 7.1 Geographic segmentation
-- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
-- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
-- 7.2 Geographic comparison
-- Exhibit 52: Chart on Geographic comparison
-- Exhibit 53: Data Table on Geographic comparison
-- 7.3 North America - Market size and forecast 2021-2026
-- Exhibit 54: Chart on North America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 55: Data Table on North America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026
(%)
-- Exhibit 57: Data Table on North America - Year-over-year growth
2021-2026 (%)
-- 7.4 Europe - Market size and forecast 2021-2026
-- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($
million)
-- Exhibit 59: Data Table on Europe - Market size and forecast
2021-2026 ($ million)
-- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
-- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026
(%)
-- 7.5 APAC - Market size and forecast 2021-2026
-- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($
million)
-- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026
($ million)
-- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
-- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
-- 7.6 South America - Market size and forecast 2021-2026
-- Exhibit 66: Chart on South America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 67: Data Table on South America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026
(%)
-- Exhibit 69: Data Table on South America - Year-over-year growth
2021-2026 (%)
-- 7.7 Middle East and Africa - Market size and forecast 2021-2026
-- Exhibit 70: Chart on Middle East and Africa - Market size and
forecast 2021-2026 ($ million)
-- Exhibit 71: Data Table on Middle East and Africa - Market size and
forecast 2021-2026 ($ million)
-- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth
2021-2026 (%)
-- Exhibit 73: Data Table on Middle East and Africa - Year-over-year
growth 2021-2026 (%)
-- 7.8 US - Market size and forecast 2021-2026
-- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($
million)
-- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($
million)
-- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
-- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
-- 7.9 Canada - Market size and forecast 2021-2026
-- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($
million)
-- Exhibit 79: Data Table on Canada - Market size and forecast
2021-2026 ($ million)
-- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
-- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026
(%)
-- 7.10 UK - Market size and forecast 2021-2026
-- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($
million)
-- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($
million)
-- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
-- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
-- 7.11 France - Market size and forecast 2021-2026
-- Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($
million)
-- Exhibit 87: Data Table on France - Market size and forecast
2021-2026 ($ million)
-- Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
-- Exhibit 89: Data Table on France - Year-over-year growth 2021-2026
(%)
-- 7.12 Germany - Market size and forecast 2021-2026
-- Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($
million)
-- Exhibit 91: Data Table on Germany - Market size and forecast
2021-2026 ($ million)
-- Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
-- Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026
(%)
-- 7.13 Market opportunity by geography
-- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
-- 8.1 Market drivers
-- 8.2 Market challenges
-- 8.3 Impact of drivers and challenges
-- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
-- 8.4 Market trends
9 Vendor Landscape
-- 9.1 Overview
-- 9.2 Vendor landscape
-- Exhibit 96: Overview on Criticality of inputs and Factors of
differentiation
-- 9.3 Landscape disruption
-- Exhibit 97: Overview on factors of disruption
-- 9.4 Industry risks
-- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
-- 10.1 Vendors covered
-- Exhibit 99: Vendors covered
-- 10.2 Market positioning of vendors
-- Exhibit 100: Matrix on vendor position and classification
-- 10.3 Accenture Plc
-- Exhibit 101: Accenture Plc - Overview
-- Exhibit 102: Accenture Plc - Business segments
-- Exhibit 103: Accenture Plc - Key news
-- Exhibit 104: Accenture Plc - Key offerings
-- Exhibit 105: Accenture Plc - Segment focus
-- 10.4 Adecco Group AG
-- Exhibit 106: Adecco Group AG - Overview
-- Exhibit 107: Adecco Group AG - Key offerings
-- 10.5 Automatic Data Processing Inc.
-- Exhibit 108: Automatic Data Processing Inc. - Overview
-- Exhibit 109: Automatic Data Processing Inc. - Business segments
-- Exhibit 110: Automatic Data Processing Inc. - Key news
-- Exhibit 111: Automatic Data Processing Inc. - Key offerings
-- Exhibit 112: Automatic Data Processing Inc. - Segment focus
-- 10.6 Ceridian HCM Holding Inc.
-- Exhibit 113: Ceridian HCM Holding Inc. - Overview
-- Exhibit 114: Ceridian HCM Holding Inc. - Business segments
-- Exhibit 115: Ceridian HCM Holding Inc. - Key news
-- Exhibit 116: Ceridian HCM Holding Inc. - Key offerings
-- Exhibit 117: Ceridian HCM Holding Inc. - Segment focus
-- 10.7 General Outsourcing Co Ltd.
-- Exhibit 118: General Outsourcing Co Ltd. - Overview
-- Exhibit 119: General Outsourcing Co Ltd. - Product / Service
-- Exhibit 120: General Outsourcing Co Ltd. - Key offerings
-- 10.8 HCL Technologies Ltd.
-- Exhibit 121: HCL Technologies Ltd. - Overview
-- Exhibit 122: HCL Technologies Ltd. - Business segments
-- Exhibit 123: HCL Technologies Ltd. - Key news
-- Exhibit 124: HCL Technologies Ltd. - Key offerings
-- Exhibit 125: HCL Technologies Ltd. - Segment focus
-- 10.9 Infosys Ltd.
-- Exhibit 126: Infosys Ltd. - Overview
-- Exhibit 127: Infosys Ltd. - Business segments
-- Exhibit 128: Infosys Ltd. - Key news
-- Exhibit 129: Infosys Ltd. - Key offerings
-- Exhibit 130: Infosys Ltd. - Segment focus
-- 10.10 International Business Machines Corp.
-- Exhibit 131: International Business Machines Corp. - Overview
-- Exhibit 132: International Business Machines Corp. - Business
segments
-- Exhibit 133: International Business Machines Corp. - Key offerings
-- Exhibit 134: International Business Machines Corp. - Segment focus
-- 10.11 Randstad Holding NV
-- Exhibit 135: Randstad Holding NV - Overview
-- Exhibit 136: Randstad Holding NV - Business segments
-- Exhibit 137: Randstad Holding NV - Key news
-- Exhibit 138: Randstad Holding NV - Key offerings
-- Exhibit 139: Randstad Holding NV - Segment focus
-- 10.12 Zalaris ASA.
-- Exhibit 140: Zalaris ASA. - Overview
-- Exhibit 141: Zalaris ASA. - Business segments
-- Exhibit 142: Zalaris ASA. - Key offerings
-- Exhibit 143: Zalaris ASA. - Segment focus
11 Appendix
-- 11.1 Scope of the report
-- 11.2 Inclusions and exclusions checklist
-- Exhibit 144: Inclusions checklist
-- Exhibit 145: Exclusions checklist
-- 11.3 Currency conversion rates for US$
-- Exhibit 146: Currency conversion rates for US$
-- 11.4 Research methodology
-- Exhibit 147: Research methodology
-- Exhibit 148: Validation techniques employed for market sizing
-- Exhibit 149: Information sources
-- 11.5 List of abbreviations
-- Exhibit 150: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises 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 existing and potential markets and assess their competitive positions within changing market scenarios.
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Email: media@technavio.com
Website: www.technavio.com
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