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Global Human Resource Outsourcing Market Research Report 2023

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Date: 07-Mar-2023
No. of pages: 83
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Human resource outsourcing is a process of subcontracting human functions to an external supplier.

Highlights

The global Human Resource Outsourcing market was valued at US$ 36260 million in 2022 and is anticipated to reach US$ 46660 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029. 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.

Report Scope

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.

The Human Resource Outsourcing market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Human Resource Outsourcing market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Human Resource Outsourcing companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

By Company

- Accenture

- ADP

- IBM

- Infosys

- Randstad

Segment by Type

- Payroll Outsourcing

- Benefits Administration Outsourcing

- Multiprocess Human Resource Outsourcing

- Recruitment Process Outsourcing

- Learning Services Outsourcing

Segment by Application

- BFSI

- Healthcare

- IT

- Hospitality

- Retail

- Other

By Region

- North America

- - United States

- - Canada

- Europe

- - Germany

- - France

- - UK

- - Italy

- - Russia

- - Nordic Countries

- - Rest of Europe

- Asia-Pacific

- - China

- - Japan

- - South Korea

- - Southeast Asia

- - India

- - Australia

- - Rest of Asia

- Latin America

- - Mexico

- - Brazil

- - Rest of Latin America

- Middle East & Africa

- - Turkey

- - Saudi Arabia

- - UAE

- - Rest of MEA

Core Chapters

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Human Resource Outsourcing companies' competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.

Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 12: The main points and conclusions of the report.

Global Human Resource Outsourcing Market Research Report 2023

Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Human Resource Outsourcing Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Payroll Outsourcing
1.2.3 Benefits Administration Outsourcing
1.2.4 Multiprocess Human Resource Outsourcing
1.2.5 Recruitment Process Outsourcing
1.2.6 Learning Services Outsourcing
1.3 Market by Application
1.3.1 Global Human Resource Outsourcing Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 BFSI
1.3.3 Healthcare
1.3.4 IT
1.3.5 Hospitality
1.3.6 Retail
1.3.7 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Human Resource Outsourcing Market Perspective (2018-2029)
2.2 Human Resource Outsourcing Growth Trends by Region
2.2.1 Global Human Resource Outsourcing Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Human Resource Outsourcing Historic Market Size by Region (2018-2023)
2.2.3 Human Resource Outsourcing Forecasted Market Size by Region (2024-2029)
2.3 Human Resource Outsourcing Market Dynamics
2.3.1 Human Resource Outsourcing Industry Trends
2.3.2 Human Resource Outsourcing Market Drivers
2.3.3 Human Resource Outsourcing Market Challenges
2.3.4 Human Resource Outsourcing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Human Resource Outsourcing Players by Revenue
3.1.1 Global Top Human Resource Outsourcing Players by Revenue (2018-2023)
3.1.2 Global Human Resource Outsourcing Revenue Market Share by Players (2018-2023)
3.2 Global Human Resource Outsourcing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Human Resource Outsourcing Revenue
3.4 Global Human Resource Outsourcing Market Concentration Ratio
3.4.1 Global Human Resource Outsourcing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Human Resource Outsourcing Revenue in 2022
3.5 Human Resource Outsourcing Key Players Head office and Area Served
3.6 Key Players Human Resource Outsourcing Product Solution and Service
3.7 Date of Enter into Human Resource Outsourcing Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Human Resource Outsourcing Breakdown Data by Type
4.1 Global Human Resource Outsourcing Historic Market Size by Type (2018-2023)
4.2 Global Human Resource Outsourcing Forecasted Market Size by Type (2024-2029)
5 Human Resource Outsourcing Breakdown Data by Application
5.1 Global Human Resource Outsourcing Historic Market Size by Application (2018-2023)
5.2 Global Human Resource Outsourcing Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Human Resource Outsourcing Market Size (2018-2029)
6.2 North America Human Resource Outsourcing Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Human Resource Outsourcing Market Size by Country (2018-2023)
6.4 North America Human Resource Outsourcing Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Human Resource Outsourcing Market Size (2018-2029)
7.2 Europe Human Resource Outsourcing Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Human Resource Outsourcing Market Size by Country (2018-2023)
7.4 Europe Human Resource Outsourcing Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Human Resource Outsourcing Market Size (2018-2029)
8.2 Asia-Pacific Human Resource Outsourcing Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Human Resource Outsourcing Market Size by Region (2018-2023)
8.4 Asia-Pacific Human Resource Outsourcing Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Human Resource Outsourcing Market Size (2018-2029)
9.2 Latin America Human Resource Outsourcing Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Human Resource Outsourcing Market Size by Country (2018-2023)
9.4 Latin America Human Resource Outsourcing Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Human Resource Outsourcing Market Size (2018-2029)
10.2 Middle East & Africa Human Resource Outsourcing Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Human Resource Outsourcing Market Size by Country (2018-2023)
10.4 Middle East & Africa Human Resource Outsourcing Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Accenture
11.1.1 Accenture Company Detail
11.1.2 Accenture Business Overview
11.1.3 Accenture Human Resource Outsourcing Introduction
11.1.4 Accenture Revenue in Human Resource Outsourcing Business (2018-2023)
11.1.5 Accenture Recent Development
11.2 ADP
11.2.1 ADP Company Detail
11.2.2 ADP Business Overview
11.2.3 ADP Human Resource Outsourcing Introduction
11.2.4 ADP Revenue in Human Resource Outsourcing Business (2018-2023)
11.2.5 ADP Recent Development
11.3 IBM
11.3.1 IBM Company Detail
11.3.2 IBM Business Overview
11.3.3 IBM Human Resource Outsourcing Introduction
11.3.4 IBM Revenue in Human Resource Outsourcing Business (2018-2023)
11.3.5 IBM Recent Development
11.4 Infosys
11.4.1 Infosys Company Detail
11.4.2 Infosys Business Overview
11.4.3 Infosys Human Resource Outsourcing Introduction
11.4.4 Infosys Revenue in Human Resource Outsourcing Business (2018-2023)
11.4.5 Infosys Recent Development
11.5 Randstad
11.5.1 Randstad Company Detail
11.5.2 Randstad Business Overview
11.5.3 Randstad Human Resource Outsourcing Introduction
11.5.4 Randstad Revenue in Human Resource Outsourcing Business (2018-2023)
11.5.5 Randstad Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
List of Tables
Table 1. Global Human Resource Outsourcing Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029
Table 2. Key Players of Payroll Outsourcing
Table 3. Key Players of Benefits Administration Outsourcing
Table 4. Key Players of Multiprocess Human Resource Outsourcing
Table 5. Key Players of Recruitment Process Outsourcing
Table 6. Key Players of Learning Services Outsourcing
Table 7. Global Human Resource Outsourcing Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029
Table 8. Global Human Resource Outsourcing Market Size by Region (US$ Million): 2018 VS 2022 VS 2029
Table 9. Global Human Resource Outsourcing Market Size by Region (2018-2023) & (US$ Million)
Table 10. Global Human Resource Outsourcing Market Share by Region (2018-2023)
Table 11. Global Human Resource Outsourcing Forecasted Market Size by Region (2024-2029) & (US$ Million)
Table 12. Global Human Resource Outsourcing Market Share by Region (2024-2029)
Table 13. Human Resource Outsourcing Market Trends
Table 14. Human Resource Outsourcing Market Drivers
Table 15. Human Resource Outsourcing Market Challenges
Table 16. Human Resource Outsourcing Market Restraints
Table 17. Global Human Resource Outsourcing Revenue by Players (2018-2023) & (US$ Million)
Table 18. Global Human Resource Outsourcing Market Share by Players (2018-2023)
Table 19. Global Top Human Resource Outsourcing Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Human Resource Outsourcing as of 2022)
Table 20. Ranking of Global Top Human Resource Outsourcing Companies by Revenue (US$ Million) in 2022
Table 21. Global 5 Largest Players Market Share by Human Resource Outsourcing Revenue (CR5 and HHI) & (2018-2023)
Table 22. Key Players Headquarters and Area Served
Table 23. Key Players Human Resource Outsourcing Product Solution and Service
Table 24. Date of Enter into Human Resource Outsourcing Market
Table 25. Mergers & Acquisitions, Expansion Plans
Table 26. Global Human Resource Outsourcing Market Size by Type (2018-2023) & (US$ Million)
Table 27. Global Human Resource Outsourcing Revenue Market Share by Type (2018-2023)
Table 28. Global Human Resource Outsourcing Forecasted Market Size by Type (2024-2029) & (US$ Million)
Table 29. Global Human Resource Outsourcing Revenue Market Share by Type (2024-2029)
Table 30. Global Human Resource Outsourcing Market Size by Application (2018-2023) & (US$ Million)
Table 31. Global Human Resource Outsourcing Revenue Market Share by Application (2018-2023)
Table 32. Global Human Resource Outsourcing Forecasted Market Size by Application (2024-2029) & (US$ Million)
Table 33. Global Human Resource Outsourcing Revenue Market Share by Application (2024-2029)
Table 34. North America Human Resource Outsourcing Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 35. North America Human Resource Outsourcing Market Size by Country (2018-2023) & (US$ Million)
Table 36. North America Human Resource Outsourcing Market Size by Country (2024-2029) & (US$ Million)
Table 37. Europe Human Resource Outsourcing Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 38. Europe Human Resource Outsourcing Market Size by Country (2018-2023) & (US$ Million)
Table 39. Europe Human Resource Outsourcing Market Size by Country (2024-2029) & (US$ Million)
Table 40. Asia-Pacific Human Resource Outsourcing Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029
Table 41. Asia-Pacific Human Resource Outsourcing Market Size by Region (2018-2023) & (US$ Million)
Table 42. Asia-Pacific Human Resource Outsourcing Market Size by Region (2024-2029) & (US$ Million)
Table 43. Latin America Human Resource Outsourcing Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 44. Latin America Human Resource Outsourcing Market Size by Country (2018-2023) & (US$ Million)
Table 45. Latin America Human Resource Outsourcing Market Size by Country (2024-2029) & (US$ Million)
Table 46. Middle East & Africa Human Resource Outsourcing Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 47. Middle East & Africa Human Resource Outsourcing Market Size by Country (2018-2023) & (US$ Million)
Table 48. Middle East & Africa Human Resource Outsourcing Market Size by Country (2024-2029) & (US$ Million)
Table 49. Accenture Company Detail
Table 50. Accenture Business Overview
Table 51. Accenture Human Resource Outsourcing Product
Table 52. Accenture Revenue in Human Resource Outsourcing Business (2018-2023) & (US$ Million)
Table 53. Accenture Recent Development
Table 54. ADP Company Detail
Table 55. ADP Business Overview
Table 56. ADP Human Resource Outsourcing Product
Table 57. ADP Revenue in Human Resource Outsourcing Business (2018-2023) & (US$ Million)
Table 58. ADP Recent Development
Table 59. IBM Company Detail
Table 60. IBM Business Overview
Table 61. IBM Human Resource Outsourcing Product
Table 62. IBM Revenue in Human Resource Outsourcing Business (2018-2023) & (US$ Million)
Table 63. IBM Recent Development
Table 64. Infosys Company Detail
Table 65. Infosys Business Overview
Table 66. Infosys Human Resource Outsourcing Product
Table 67. Infosys Revenue in Human Resource Outsourcing Business (2018-2023) & (US$ Million)
Table 68. Infosys Recent Development
Table 69. Randstad Company Detail
Table 70. Randstad Business Overview
Table 71. Randstad Human Resource Outsourcing Product
Table 72. Randstad Revenue in Human Resource Outsourcing Business (2018-2023) & (US$ Million)
Table 73. Randstad Recent Development
Table 74. Research Programs/Design for This Report
Table 75. Key Data Information from Secondary Sources
Table 76. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Human Resource Outsourcing Market Size Comparison by Type (2023-2029) & (US$ Million)
Figure 2. Global Human Resource Outsourcing Market Share by Type: 2022 VS 2029
Figure 3. Payroll Outsourcing Features
Figure 4. Benefits Administration Outsourcing Features
Figure 5. Multiprocess Human Resource Outsourcing Features
Figure 6. Recruitment Process Outsourcing Features
Figure 7. Learning Services Outsourcing Features
Figure 8. Global Human Resource Outsourcing Market Size Comparison by Application (2023-2029) & (US$ Million)
Figure 9. Global Human Resource Outsourcing Market Share by Application: 2022 VS 2029
Figure 10. BFSI Case Studies
Figure 11. Healthcare Case Studies
Figure 12. IT Case Studies
Figure 13. Hospitality Case Studies
Figure 14. Retail Case Studies
Figure 15. Other Case Studies
Figure 16. Human Resource Outsourcing Report Years Considered
Figure 17. Global Human Resource Outsourcing Market Size (US$ Million), Year-over-Year: 2018-2029
Figure 18. Global Human Resource Outsourcing Market Size, (US$ Million), 2018 VS 2022 VS 2029
Figure 19. Global Human Resource Outsourcing Market Share by Region: 2022 VS 2029
Figure 20. Global Human Resource Outsourcing Market Share by Players in 2022
Figure 21. Global Top Human Resource Outsourcing Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Human Resource Outsourcing as of 2022)
Figure 22. The Top 10 and 5 Players Market Share by Human Resource Outsourcing Revenue in 2022
Figure 23. North America Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 24. North America Human Resource Outsourcing Market Share by Country (2018-2029)
Figure 25. United States Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 26. Canada Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 27. Europe Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 28. Europe Human Resource Outsourcing Market Share by Country (2018-2029)
Figure 29. Germany Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 30. France Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 31. U.K. Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 32. Italy Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 33. Russia Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 34. Nordic Countries Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 35. Asia-Pacific Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 36. Asia-Pacific Human Resource Outsourcing Market Share by Region (2018-2029)
Figure 37. China Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 38. Japan Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 39. South Korea Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 40. Southeast Asia Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 41. India Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 42. Australia Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 43. Latin America Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 44. Latin America Human Resource Outsourcing Market Share by Country (2018-2029)
Figure 45. Mexico Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 46. Brazil Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 47. Middle East & Africa Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 48. Middle East & Africa Human Resource Outsourcing Market Share by Country (2018-2029)
Figure 49. Turkey Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 50. Saudi Arabia Human Resource Outsourcing Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 51. Accenture Revenue Growth Rate in Human Resource Outsourcing Business (2018-2023)
Figure 52. ADP Revenue Growth Rate in Human Resource Outsourcing Business (2018-2023)
Figure 53. IBM Revenue Growth Rate in Human Resource Outsourcing Business (2018-2023)
Figure 54. Infosys Revenue Growth Rate in Human Resource Outsourcing Business (2018-2023)
Figure 55. Randstad Revenue Growth Rate in Human Resource Outsourcing Business (2018-2023)
Figure 56. Bottom-up and Top-down Approaches for This Report
Figure 57. Data Triangulation
Figure 58. Key Executives Interviewed
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