INDUSTRY OVERVIEW
The Human Resource Outsourcing market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 10% during the forecast period. Valued at 40Billion, the market is expected to reach 70Billion by 2030, with a year-on-year growth rate of 9%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.
Human Resource Outsourcing Market Size in (USD Billion) CAGR Growth Rate 10%
| Study Period |
2019-2030 |
| Market Size (2023): |
40Billion |
| Market Size (2030): |
70Billion |
| CAGR (2023 - 2030): |
10% |
| Fastest Growing Region |
North America |
| Dominating Region |
Asia Pacific |
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Human Resource Outsourcing (HRO) refers to the practice of outsourcing HR functions like recruitment, benefits administration, payroll, and employee relations to external providers. This market enables businesses to reduce operational costs, enhance HR expertise, and focus on core operations while ensuring compliance with labor laws and best practices. Outsourcing allows for more flexibility and scalability in HR operations.
Regulatory Framework
The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights
• The Human Resource Outsourcing is growing at a CAGR of 10% during the forecasted period of 2019 to 2030
• Year on Year growth for the market is 9%
• Based on type, the market is bifurcated into Recruitment Services, Benefits Administration, Payroll, Employee Training
• Based on application, the market is segmented into Corporations, SMBs, Startups, Global enterprises, Public sector
• Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Analysis
Segmentation by Type
- Recruitment Services
- Benefits Administration
- Payroll
- Employee Training
Human Resource Outsourcing Market Segmentation by Type
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Segmentation by Application
- Corporations
- SMBs
- Startups
- Global enterprises
- Public sector
Human Resource Outsourcing Market Segmentation by Application
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Key Players
Several key players in the Human Resource Outsourcing market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 9%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
- Accenture
- IBM
- ADP
- Randstad
- ManpowerGroup
- Workday
- Ceridian
- Paychex
- TriNet
- Infosys
- Capgemini
- Wipro
- Aon Hewitt
- NorthgateArinso
Human Resource Outsourcing Market Segmentation by Players
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Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.
Market Dynamics
Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.
Market Driver
- Growth In Outsourcing Non-core HR Functions
- Technology Integration
Market Trend
- Use of AI in recruitment
- employee wellness programs
Opportunity
- Growth In Outsourcing Non-core HR Functions
- Technology Integration
Challenge
- Data Privacy Concerns
- Loss Of Control Over HR Processes
Regional Outlook
The Asia Pacific Region holds the largest market share in 2023 and is expected to grow at a good CAGR. The North America Region is the fastest-growing region due to increasing development and disposable income.
North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.
The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
Dominating Region
Asia Pacific
|
Report Features
|
Details
|
|
Base Year
|
2023
|
|
Based Year Market Size (2023)
|
40Billion
|
|
Historical Period Market Size (2019)
|
30Billion
|
|
CAGR (2023 to 2030)
|
10%
|
|
Forecast Period
|
2025 to 2030
|
|
Forecasted Period Market Size (2030)
|
70Billion
|
|
Scope of the Report
|
Recruitment Services, Benefits Administration, Payroll, Employee Training, Corporations, SMBs, Startups, Global enterprises, Public sector
|
|
Regions Covered
|
North America, Europe, Asia Pacific, South America, and MEA
|
|
Year on Year Growth
|
9%
|
|
Companies Covered
|
Accenture, IBM, ADP, Randstad, ManpowerGroup, Workday, Ceridian, Paychex, TriNet, Infosys, Capgemini, Wipro, Aon Hewitt, NorthgateArinso
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
|
PDF and Excel through Email
|
Human Resource Outsourcing - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Human Resource Outsourcing Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Human Resource Outsourcing Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Human Resource Outsourcing Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growth in outsourcing non-core HR functions
- 3.1.2 technology integration
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3.2 Available Opportunities
- 3.2.1 Growth in outsourcing non-core HR functions
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3.3 Influencing Trends
- 3.3.1 Use of AI in recruitment
- 3.3.2 employee wellness
-
3.4 Challenges
- 3.4.1 Data privacy concerns
- 3.4.2 loss of control over
- 3.5 Regional Dynamics
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Chapter 4 : Global Human Resource Outsourcing Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Human Resource Outsourcing Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Human Resource Outsourcing : Competition Benchmarking & Performance Evaluation
- 5.1 Global Human Resource Outsourcing Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Human Resource Outsourcing Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 FPNV Positioning Matrix
- 5.5 Heat Map Analysis
Chapter 6: Global Human Resource Outsourcing Market: Company Profiles
- 6.1 Accenture
- 6.1.1 Accenture Company Overview
- 6.1.2 Accenture Product/Service Portfolio & Specifications
- 6.1.3 Accenture Key Financial Metrics
- 6.1.4 Accenture SWOT Analysis
- 6.1.5 Accenture Development Activities
- 6.2 IBM
- 6.3 ADP
- 6.4 Randstad
- 6.5 ManpowerGroup
- 6.6 Workday
- 6.7 Ceridian
- 6.8 Paychex
- 6.9 TriNet
- 6.10 Infosys
- 6.11 Capgemini
- 6.12 Wipro
- 6.13 Aon Hewitt
- 6.14 NorthgateArinso
- 6.15 Ultimate Software
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Chapter 7 : Global Human Resource Outsourcing by Type & Application (2019-2030)
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7.1 Global Human Resource Outsourcing Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Recruitment Services
- 7.1.2 Benefits Administration
- 7.1.3 Payroll
- 7.1.4 Employee Training
- 7.1.5 Employee Relations
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7.2 Global Human Resource Outsourcing Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Corporations
- 7.2.2 SMBs
- 7.2.3 Startups
- 7.2.4 Global Enterprises
- 7.2.5 Public Sector
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7.3 Global Human Resource Outsourcing Market Revenue Analysis (USD Million) by Type (2023-2030)
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7.4 Global Human Resource Outsourcing Market Revenue Analysis (USD Million) by Application (2023-2030)
Chapter 8 : North America Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 8.1 North America Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
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8.2 North America Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 8.2.1 Recruitment Services
- 8.2.2 Benefits Administration
- 8.2.3 Payroll
- 8.2.4 Employee Training
- 8.2.5 Employee Relations
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8.3 North America Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 8.3.1 Corporations
- 8.3.2 SMBs
- 8.3.3 Startups
- 8.3.4 Global Enterprises
- 8.3.5 Public Sector
- 8.4 North America Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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8.5 North America Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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8.6 North America Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
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Chapter 9 : LATAM Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 9.1 LATAM Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
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9.2 LATAM Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 9.2.1 Recruitment Services
- 9.2.2 Benefits Administration
- 9.2.3 Payroll
- 9.2.4 Employee Training
- 9.2.5 Employee Relations
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9.3 LATAM Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 9.3.1 Corporations
- 9.3.2 SMBs
- 9.3.3 Startups
- 9.3.4 Global Enterprises
- 9.3.5 Public Sector
- 9.4 LATAM Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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9.5 LATAM Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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9.6 LATAM Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 10 : West Europe Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 10.1 West Europe Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
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10.2 West Europe Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 10.2.1 Recruitment Services
- 10.2.2 Benefits Administration
- 10.2.3 Payroll
- 10.2.4 Employee Training
- 10.2.5 Employee Relations
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10.3 West Europe Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 10.3.1 Corporations
- 10.3.2 SMBs
- 10.3.3 Startups
- 10.3.4 Global Enterprises
- 10.3.5 Public Sector
- 10.4 West Europe Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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10.5 West Europe Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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10.6 West Europe Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 11 : Central & Eastern Europe Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 11.2.1 Recruitment Services
- 11.2.2 Benefits Administration
- 11.2.3 Payroll
- 11.2.4 Employee Training
- 11.2.5 Employee Relations
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11.3 Central & Eastern Europe Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 11.3.1 Corporations
- 11.3.2 SMBs
- 11.3.3 Startups
- 11.3.4 Global Enterprises
- 11.3.5 Public Sector
- 11.4 Central & Eastern Europe Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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11.5 Central & Eastern Europe Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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11.6 Central & Eastern Europe Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 12 : Northern Europe Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 12.2.1 Recruitment Services
- 12.2.2 Benefits Administration
- 12.2.3 Payroll
- 12.2.4 Employee Training
- 12.2.5 Employee Relations
-
12.3 Northern Europe Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 12.3.1 Corporations
- 12.3.2 SMBs
- 12.3.3 Startups
- 12.3.4 Global Enterprises
- 12.3.5 Public Sector
- 12.4 Northern Europe Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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12.5 Northern Europe Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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12.6 Northern Europe Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 13 : Southern Europe Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
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13.2 Southern Europe Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 13.2.1 Recruitment Services
- 13.2.2 Benefits Administration
- 13.2.3 Payroll
- 13.2.4 Employee Training
- 13.2.5 Employee Relations
-
13.3 Southern Europe Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 13.3.1 Corporations
- 13.3.2 SMBs
- 13.3.3 Startups
- 13.3.4 Global Enterprises
- 13.3.5 Public Sector
- 13.4 Southern Europe Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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13.5 Southern Europe Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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13.6 Southern Europe Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 14 : East Asia Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 14.1 East Asia Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 14.2.1 Recruitment Services
- 14.2.2 Benefits Administration
- 14.2.3 Payroll
- 14.2.4 Employee Training
- 14.2.5 Employee Relations
-
14.3 East Asia Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 14.3.1 Corporations
- 14.3.2 SMBs
- 14.3.3 Startups
- 14.3.4 Global Enterprises
- 14.3.5 Public Sector
- 14.4 East Asia Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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14.5 East Asia Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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14.6 East Asia Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 15 : Southeast Asia Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
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15.2 Southeast Asia Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 15.2.1 Recruitment Services
- 15.2.2 Benefits Administration
- 15.2.3 Payroll
- 15.2.4 Employee Training
- 15.2.5 Employee Relations
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15.3 Southeast Asia Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 15.3.1 Corporations
- 15.3.2 SMBs
- 15.3.3 Startups
- 15.3.4 Global Enterprises
- 15.3.5 Public Sector
- 15.4 Southeast Asia Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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15.5 Southeast Asia Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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15.6 Southeast Asia Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 16 : South Asia Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 16.1 South Asia Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
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16.2 South Asia Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 16.2.1 Recruitment Services
- 16.2.2 Benefits Administration
- 16.2.3 Payroll
- 16.2.4 Employee Training
- 16.2.5 Employee Relations
-
16.3 South Asia Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 16.3.1 Corporations
- 16.3.2 SMBs
- 16.3.3 Startups
- 16.3.4 Global Enterprises
- 16.3.5 Public Sector
- 16.4 South Asia Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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16.5 South Asia Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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16.6 South Asia Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 17 : Central Asia Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 17.1 Central Asia Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
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17.2 Central Asia Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 17.2.1 Recruitment Services
- 17.2.2 Benefits Administration
- 17.2.3 Payroll
- 17.2.4 Employee Training
- 17.2.5 Employee Relations
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17.3 Central Asia Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 17.3.1 Corporations
- 17.3.2 SMBs
- 17.3.3 Startups
- 17.3.4 Global Enterprises
- 17.3.5 Public Sector
- 17.4 Central Asia Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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17.5 Central Asia Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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17.6 Central Asia Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 18 : Oceania Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 18.1 Oceania Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
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18.2 Oceania Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 18.2.1 Recruitment Services
- 18.2.2 Benefits Administration
- 18.2.3 Payroll
- 18.2.4 Employee Training
- 18.2.5 Employee Relations
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18.3 Oceania Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 18.3.1 Corporations
- 18.3.2 SMBs
- 18.3.3 Startups
- 18.3.4 Global Enterprises
- 18.3.5 Public Sector
- 18.4 Oceania Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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18.5 Oceania Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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18.6 Oceania Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 19 : MEA Human Resource Outsourcing Market Breakdown by Country, Type & Application
- 19.1 MEA Human Resource Outsourcing Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Human Resource Outsourcing Market by Type (USD Million) [2019-2023]
- 19.2.1 Recruitment Services
- 19.2.2 Benefits Administration
- 19.2.3 Payroll
- 19.2.4 Employee Training
- 19.2.5 Employee Relations
-
19.3 MEA Human Resource Outsourcing Market by Application (USD Million) [2019-2023]
- 19.3.1 Corporations
- 19.3.2 SMBs
- 19.3.3 Startups
- 19.3.4 Global Enterprises
- 19.3.5 Public Sector
- 19.4 MEA Human Resource Outsourcing Market by Country (USD Million) [2024-2030]
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19.5 MEA Human Resource Outsourcing Market by Type (USD Million) [2024-2030]
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19.6 MEA Human Resource Outsourcing Market by Application (USD Million) [2024-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
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21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
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21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Human Resource Outsourcing Market is growing at a steady pace over the last few years and is expected to grow at a CAGR of 10% from 2023 to 2030 to reach a market size of 10% 70 Billion
The Human Resource Outsourcing Market is predicted to grow at a CAGR of 10%.
Use Of AI In Recruitment, Employee Wellness Programs, HR Analytics are seen to make big Impact on Human Resource Outsourcing Market Growth.
- Growth In Outsourcing Non-core HR Functions
- Technology Integration
- Global Talent Acquisition
Business transformation in Human Resource Outsourcing Market has taken hold due to the confluence of several important triggers, some of them are Data Privacy Concerns, Loss Of Control Over HR Processes, Employee Dissatisfaction.
Some of the opportunities that Analyst at HTF MI have identified in Human Resource Outsourcing Market are:
- Growth In Outsourcing Non-core HR Functions
- Technology Integration
- Global Talent Acquisition
Accenture, IBM, ADP, Randstad, ManpowerGroup, Workday, Ceridian, Paychex, TriNet, Infosys, Capgemini, Wipro, Aon Hewitt, NorthgateArinso, Ultimate Software etc are the main players listed in the Global Human Resource Outsourcing Market Study.
The Global Human Resource Outsourcing Market Study is Broken down by applications such as Corporations, SMBs, Startups, Global enterprises, Public sector.
The Global Human Resource Outsourcing Market Study is segmented by Recruitment Services, Benefits Administration, Payroll, Employee Training, Employee Relations.
The Global Human Resource Outsourcing Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2030 [** unless otherwise stated]
Human Resource Outsourcing (HRO) refers to the practice of outsourcing HR functions like recruitment, benefits administration, payroll, and employee relations to external providers. This market enables businesses to reduce operational costs, enhance HR expertise, and focus on core operations while ensuring compliance with labor laws and best practices. Outsourcing allows for more flexibility and scalability in HR operations.
