pune, Feb. 17, 2023 (GLOBE NEWSWIRE) -- "Human Resource Outsourcing (HRO) Market" research report focus on overall information that can help to take decisions on current market situation.
Human Resource Outsourcing (HRO) Market Report Contains 2023: -
- Complete overview of the global Human Resource Outsourcing (HRO) Market
- Top Country data and analysis for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Human Resource Outsourcing (HRO) Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa
- Description and analysis of Human Resource Outsourcing (HRO) market potential by type, Deep Dive, disruption, application capacity, end use industry
- impact evaluation of most important drivers and restraints, and dynamics of the global Human Resource Outsourcing (HRO) Market and current trends in the enterprise
- Detailed profiles of the Top major players in the industry, including. 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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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% 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.
The report combines extensive 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, and, as a result, provides a holistic view of, as well as a deep insight into the Human Resource Outsourcing (HRO) market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.
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Market segment by Region/Country including: -
- North America (United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
- South America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)
User center of Human Resource Outsourcing (HRO) market 2023
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Precious Metals 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 we elaborate at full length on the impact of the pandemic and the war on the Precious Metals Industry.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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The Global Human Resource Outsourcing (HRO) market is anticipated to rise at a considerable rate during the forecast period. the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Human Resource Outsourcing (HRO) Market - Segmentation Analysis:
Report further studies the market development status and future Human Resource Outsourcing (HRO) Market trend across the world. Also, it splits Human Resource Outsourcing (HRO) market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
based on types, the Human Resource Outsourcing (HRO) market from 2018 to 2028 is primarily split into:
- Payroll Outsourcing
- Benefits Administration Outsourcing
- Multiprocess Human Resource Outsourcing
- Recruitment Process Outsourcing
- Learning Services Outsourcing
- Others
Which growth factors drives the Human Resource Outsourcing (HRO) market growth?
Increasing use of is expected to drive the growth of the Human Resource Outsourcing (HRO) Market.
based on applications, the Human Resource Outsourcing (HRO) market from 2018 to 2028 covers:
- BFSI
- Healthcare
- IT
- Hospitality
- Retail
- Other
Which market dynamics affect the business?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process.
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Human Resource Outsourcing (HRO) Market - Competitive Analysis:
2. 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.
Who are the leading players in Human Resource Outsourcing (HRO) market?
- 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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3. 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
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1.To study and analyze the global Human Resource Outsourcing (HRO) consumption (value) by key regions/countries, product type and application
2.To understand the structure of Human Resource Outsourcing (HRO) Market by identifying its various sub segments.
3.Focuses on the key global Human Resource Outsourcing (HRO)manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Human Resource Outsourcing (HRO) with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Human Resource Outsourcing (HRO) submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Detailed TOC of Global Human Resource Outsourcing (HRO) Industry Research Report 2023, Competitive Landscape, Market Size, Regional Status and Prospect
Table of Content
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 (%) 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 (%) 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 & Acquisitions, Expansion
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
And More………
Key Reasons to Purchase
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Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the Human Resource Outsourcing (HRO) Market and its impact in the global market.
Learn about the Human Resource Outsourcing (HRO) Market strategies that are being adopted by leading respective organizations.
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