Human resource outsourcing is a process of subcontracting human functions to an external supplier.
This report aims to provide a comprehensive presentation of the global market for Human Resource Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Human Resource Outsourcing. This report contains market size and forecasts of Human Resource Outsourcing in global, including the following market information:
Global Human Resource Outsourcing Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Human Resource Outsourcing market was valued at US$ 35590 million in 2022 and is projected to reach US$ 47170 million by 2029, at a CAGR of 4.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The process of human resource outsourcing is beneficial to many companies since this concept makes business processes very economical and efficient. Such factors drive the growth of human resource outsourcing market. Also, a lot of tedious training is required to have a separate operational HR department. Thus, business organizations prefer outsourcing as a solution. Such factors boost the market for human resource outsourcing.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Human Resource Outsourcing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Human Resource Outsourcing Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Human Resource Outsourcing Market Segment Percentages, by Type, 2022 (%)
Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing
Global Human Resource Outsourcing Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Human Resource Outsourcing Market Segment Percentages, by Application, 2022 (%)
BFSI
Healthcare
IT
Hospitality
Retail
Other
Global Human Resource Outsourcing Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Human Resource Outsourcing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Human Resource Outsourcing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Human Resource Outsourcing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Accenture
ADP
IBM
Infosys
Randstad
Outline of Major Chapters:
Chapter 1: Introduces the definition of Human Resource Outsourcing, market overview.
Chapter 2: Global Human Resource Outsourcing market size in revenue.
Chapter 3: Detailed analysis of Human Resource Outsourcing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Human Resource Outsourcing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Human Resource Outsourcing Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Human Resource Outsourcing Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Human Resource Outsourcing Overall Market Size
2.1 Global Human Resource Outsourcing Market Size: 2022 VS 2032
2.2 Global Human Resource Outsourcing Market Size, Prospects & Forecasts: 2018-2032
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Human Resource Outsourcing Players in Global Market
3.2 Top Global Human Resource Outsourcing Companies Ranked by Revenue
3.3 Global Human Resource Outsourcing Revenue by Companies
3.4 Top 3 and Top 5 Human Resource Outsourcing Companies in Global Market, by Revenue in 2022
3.5 Global Companies Human Resource Outsourcing Product Type
3.6 Tier 1, Tier 2 and Tier 3 Human Resource Outsourcing Players in Global Market
3.6.1 List of Global Tier 1 Human Resource Outsourcing Companies
3.6.2 List of Global Tier 2 and Tier 3 Human Resource Outsourcing Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Human Resource Outsourcing Market Size Markets, 2022 & 2032
4.1.2 Payroll Outsourcing
4.1.3 Benefits Administration Outsourcing
4.1.4 Multiprocess Human Resource Outsourcing
4.1.5 Recruitment Process Outsourcing
4.1.6 Learning Services Outsourcing
4.2 By Type - Global Human Resource Outsourcing Revenue & Forecasts
4.2.1 By Type - Global Human Resource Outsourcing Revenue, 2018-2023
4.2.2 By Type - Global Human Resource Outsourcing Revenue, 2024-2032
4.2.3 By Type - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Human Resource Outsourcing Market Size, 2022 & 2032
5.1.2 BFSI
5.1.3 Healthcare
5.1.4 IT
5.1.5 Hospitality
5.1.6 Retail
5.1.7 Other
5.2 By Application - Global Human Resource Outsourcing Revenue & Forecasts
5.2.1 By Application - Global Human Resource Outsourcing Revenue, 2018-2023
5.2.2 By Application - Global Human Resource Outsourcing Revenue, 2024-2032
5.2.3 By Application - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global Human Resource Outsourcing Market Size, 2022 & 2032
6.2 By Region - Global Human Resource Outsourcing Revenue & Forecasts
6.2.1 By Region - Global Human Resource Outsourcing Revenue, 2018-2023
6.2.2 By Region - Global Human Resource Outsourcing Revenue, 2024-2032
6.2.3 By Region - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America Human Resource Outsourcing Revenue, 2018-2032
6.3.2 US Human Resource Outsourcing Market Size, 2018-2032
6.3.3 Canada Human Resource Outsourcing Market Size, 2018-2032
6.3.4 Mexico Human Resource Outsourcing Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe Human Resource Outsourcing Revenue, 2018-2032
6.4.2 Germany Human Resource Outsourcing Market Size, 2018-2032
6.4.3 France Human Resource Outsourcing Market Size, 2018-2032
6.4.4 U.K. Human Resource Outsourcing Market Size, 2018-2032
6.4.5 Italy Human Resource Outsourcing Market Size, 2018-2032
6.4.6 Russia Human Resource Outsourcing Market Size, 2018-2032
6.4.7 Nordic Countries Human Resource Outsourcing Market Size, 2018-2032
6.4.8 Benelux Human Resource Outsourcing Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia Human Resource Outsourcing Revenue, 2018-2032
6.5.2 China Human Resource Outsourcing Market Size, 2018-2032
6.5.3 Japan Human Resource Outsourcing Market Size, 2018-2032
6.5.4 South Korea Human Resource Outsourcing Market Size, 2018-2032
6.5.5 Southeast Asia Human Resource Outsourcing Market Size, 2018-2032
6.5.6 India Human Resource Outsourcing Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America Human Resource Outsourcing Revenue, 2018-2032
6.6.2 Brazil Human Resource Outsourcing Market Size, 2018-2032
6.6.3 Argentina Human Resource Outsourcing Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Human Resource Outsourcing Revenue, 2018-2032
6.7.2 Turkey Human Resource Outsourcing Market Size, 2018-2032
6.7.3 Israel Human Resource Outsourcing Market Size, 2018-2032
6.7.4 Saudi Arabia Human Resource Outsourcing Market Size, 2018-2032
6.7.5 UAE Human Resource Outsourcing Market Size, 2018-2032
7 Human Resource Outsourcing Companies Profiles
7.1 Accenture
7.1.1 Accenture Company Summary
7.1.2 Accenture Business Overview
7.1.3 Accenture Human Resource Outsourcing Major Product Offerings
7.1.4 Accenture Human Resource Outsourcing Revenue in Global Market (2018-2023)
7.1.5 Accenture Key News & Latest Developments
7.2 ADP
7.2.1 ADP Company Summary
7.2.2 ADP Business Overview
7.2.3 ADP Human Resource Outsourcing Major Product Offerings
7.2.4 ADP Human Resource Outsourcing Revenue in Global Market (2018-2023)
7.2.5 ADP Key News & Latest Developments
7.3 IBM
7.3.1 IBM Company Summary
7.3.2 IBM Business Overview
7.3.3 IBM Human Resource Outsourcing Major Product Offerings
7.3.4 IBM Human Resource Outsourcing Revenue in Global Market (2018-2023)
7.3.5 IBM Key News & Latest Developments
7.4 Infosys
7.4.1 Infosys Company Summary
7.4.2 Infosys Business Overview
7.4.3 Infosys Human Resource Outsourcing Major Product Offerings
7.4.4 Infosys Human Resource Outsourcing Revenue in Global Market (2018-2023)
7.4.5 Infosys Key News & Latest Developments
7.5 Randstad
7.5.1 Randstad Company Summary
7.5.2 Randstad Business Overview
7.5.3 Randstad Human Resource Outsourcing Major Product Offerings
7.5.4 Randstad Human Resource Outsourcing Revenue in Global Market (2018-2023)
7.5.5 Randstad Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Human Resource Outsourcing Market Opportunities & Trends in Global Market
Table 2. Human Resource Outsourcing Market Drivers in Global Market
Table 3. Human Resource Outsourcing Market Restraints in Global Market
Table 4. Key Players of Human Resource Outsourcing in Global Market
Table 5. Top Human Resource Outsourcing Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Human Resource Outsourcing Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Human Resource Outsourcing Revenue Share by Companies, 2018-2023
Table 8. Global Companies Human Resource Outsourcing Product Type
Table 9. List of Global Tier 1 Human Resource Outsourcing Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Human Resource Outsourcing Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Human Resource Outsourcing Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Human Resource Outsourcing Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Human Resource Outsourcing Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global Human Resource Outsourcing Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - Human Resource Outsourcing Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Human Resource Outsourcing Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global Human Resource Outsourcing Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global Human Resource Outsourcing Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Human Resource Outsourcing Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America Human Resource Outsourcing Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Human Resource Outsourcing Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe Human Resource Outsourcing Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Human Resource Outsourcing Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia Human Resource Outsourcing Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Human Resource Outsourcing Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America Human Resource Outsourcing Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Human Resource Outsourcing Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa Human Resource Outsourcing Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Human Resource Outsourcing Revenue, (US$, Mn), 2024-2032
Table 30. Accenture Company Summary
Table 31. Accenture Human Resource Outsourcing Product Offerings
Table 32. Accenture Human Resource Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 33. Accenture Key News & Latest Developments
Table 34. ADP Company Summary
Table 35. ADP Human Resource Outsourcing Product Offerings
Table 36. ADP Human Resource Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 37. ADP Key News & Latest Developments
Table 38. IBM Company Summary
Table 39. IBM Human Resource Outsourcing Product Offerings
Table 40. IBM Human Resource Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 41. IBM Key News & Latest Developments
Table 42. Infosys Company Summary
Table 43. Infosys Human Resource Outsourcing Product Offerings
Table 44. Infosys Human Resource Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 45. Infosys Key News & Latest Developments
Table 46. Randstad Company Summary
Table 47. Randstad Human Resource Outsourcing Product Offerings
Table 48. Randstad Human Resource Outsourcing Revenue (US$, Mn) & (2018-2023)
Table 49. Randstad Key News & Latest Developments
List of Figures
Figure 1. Human Resource Outsourcing Segment by Type in 2022
Figure 2. Human Resource Outsourcing Segment by Application in 2022
Figure 3. Global Human Resource Outsourcing Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Human Resource Outsourcing Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Human Resource Outsourcing Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Human Resource Outsourcing Revenue in 2022
Figure 8. By Type - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 9. By Application - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 10. By Type - Global Human Resource Outsourcing Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 12. By Application - Global Human Resource Outsourcing Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 14. By Region - Global Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 15. By Country - North America Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 16. US Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 17. Canada Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 20. Germany Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 21. France Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 23. Italy Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 24. Russia Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 28. China Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 29. Japan Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 32. India Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 34. Brazil Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa Human Resource Outsourcing Revenue Market Share, 2018-2032
Figure 37. Turkey Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 38. Israel Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 40. UAE Human Resource Outsourcing Revenue, (US$, Mn), 2018-2032
Figure 41. Accenture Human Resource Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. ADP Human Resource Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. IBM Human Resource Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Infosys Human Resource Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Randstad Human Resource Outsourcing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
