What is the market size for the human resource outsourcing (hro) market?

The Market is expected to grow by $ 13.3 bn in 2024-2028. <a href='https://www.technavio.com/report/human-resource-outsourcing-market-industry-analysis'>Read More</a>

What is the CAGR for the human resource outsourcing (hro) market?

5.28% CAGR with $ 13.3 bn Momentum. <a href='https://www.technavio.com/report/human-resource-outsourcing-market-industry-analysis'>Read More</a>

What is the growth rate of the Human Resource Outsourcing (HRO) Market market?

5.28% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/human-resource-outsourcing-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Human Resource Outsourcing (HRO) Market market?

North America with 42% of the market growth. <a href='https://www.technavio.com/report/human-resource-outsourcing-market-industry-analysis'>Read More</a>

Who are the prominent players in the Human Resource Outsourcing (HRO) Market market?

Accenture Plc, Adecco Group AG, Aon plc, Automatic Data Processing Inc., Capgemini Service SAS, Capita Plc, Ceridian HCM Holding Inc., CGI Inc., FMR LLC, Genpact .... <a href='https://www.technavio.com/report/human-resource-outsourcing-market-industry-analysis'>Read More</a>

Human Resource Outsourcing (HRO) Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, Japan - Size and Forecast 2024-2028

Published: May 2024
Pages: 193
SKU: IRTNTR73129

Enjoy complimentary customisation on priority with our Enterprise License!

Human Resource Outsourcing Market Size 2024-2028

The human resource outsourcing (HRO) market size is forecast to increase by USD 13.3 billion at a CAGR of 5.28% between 2023 and 2028. The HRO market is experiencing significant growth, driven by the digitization of HR processes. This trend is transforming traditional outsourcing models such into more agile and efficient neo-sourcing solutions. The increasing demand for neo-sourcing is rooted in the need to improve HR value chains, enabling organizations to focus on core business functions while outsourcing non-core HR activities. By leveraging advanced technologies for payroll outsourcing services and specialized expertise, HRO providers are delivering streamlined HR services, enhancing operational efficiency, and ensuring regulatory compliance. This digital transformation of HRO is set to redefine the way HR functions are managed, offering substantial benefits to businesses of all sizes.

What will be the Size of the Human Resource Outsourcing Market During the Forecast Period?

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Service
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

2.2 Market characteristics
- Market characteristics analysis

2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition

3.2 Market segment analysis
- Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Human Resource Outsourcing (HRO) Market 2018 - 2022
- Historic Market Size - Data Table on Global Human Resource Outsourcing (HRO) Market 2018 - 2022 ($ billion)

4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)

4.3 Service segment analysis 2018 - 2022
- Historic Market Size - Service Segment 2018 - 2022 ($ billion)

4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)

4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)

6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user

6.3 Large enterprises - Market size and forecast 2023-2028
- Chart on Large enterprises - Market size and forecast 2023-2028 ($ billion)
- Data Table on Large enterprises - Market size and forecast 2023-2028 ($ billion)
- Chart on Large enterprises - Year-over-year growth 2023-2028 (%)
- Data Table on Large enterprises - Year-over-year growth 2023-2028 (%)

6.4 SMEs - Market size and forecast 2023-2028
- Chart on SMEs - Market size and forecast 2023-2028 ($ billion)
- Data Table on SMEs - Market size and forecast 2023-2028 ($ billion)
- Chart on SMEs - Year-over-year growth 2023-2028 (%)
- Data Table on SMEs - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Service

7.1 Market segments
- Chart on Service - Market share 2023-2028 (%)
- Data Table on Service - Market share 2023-2028 (%)

7.2 Comparison by Service
- Chart on Comparison by Service
- Data Table on Comparison by Service

7.3 PO - Market size and forecast 2023-2028
- Chart on PO - Market size and forecast 2023-2028 ($ billion)
- Data Table on PO - Market size and forecast 2023-2028 ($ billion)
- Chart on PO - Year-over-year growth 2023-2028 (%)
- Data Table on PO - Year-over-year growth 2023-2028 (%)

7.4 BOA - Market size and forecast 2023-2028
- Chart on BOA - Market size and forecast 2023-2028 ($ billion)
- Data Table on BOA - Market size and forecast 2023-2028 ($ billion)
- Chart on BOA - Year-over-year growth 2023-2028 (%)
- Data Table on BOA - Year-over-year growth 2023-2028 (%)

7.5 MPHRO - Market size and forecast 2023-2028
- Chart on MPHRO - Market size and forecast 2023-2028 ($ billion)
- Data Table on MPHRO - Market size and forecast 2023-2028 ($ billion)
- Chart on MPHRO - Year-over-year growth 2023-2028 (%)
- Data Table on MPHRO - Year-over-year growth 2023-2028 (%)

7.6 RPO - Market size and forecast 2023-2028
- Chart on RPO - Market size and forecast 2023-2028 ($ billion)
- Data Table on RPO - Market size and forecast 2023-2028 ($ billion)
- Chart on RPO - Year-over-year growth 2023-2028 (%)
- Data Table on RPO - Year-over-year growth 2023-2028 (%)

7.7 LSO - Market size and forecast 2023-2028
- Chart on LSO - Market size and forecast 2023-2028 ($ billion)
- Data Table on LSO - Market size and forecast 2023-2028 ($ billion)
- Chart on LSO - Year-over-year growth 2023-2028 (%)
- Data Table on LSO - Year-over-year growth 2023-2028 (%)

7.8 Market opportunity by Service
- Market opportunity by Service ($ billion)
- Data Table on Market opportunity by Service ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview

11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

11.3 Landscape disruption
- Overview on factors of disruption

11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered

12.2 Market positioning of companies
- Matrix on companies position and classification

12.3 Accenture Plc
- Accenture Plc - Overview
- Accenture Plc - Business segments
- Accenture Plc - Key news
- Accenture Plc - Key offerings
- Accenture Plc - Segment focus

12.4 Adecco Group AG
- Adecco Group AG - Overview
- Adecco Group AG - Business segments
- Adecco Group AG - Key news
- Adecco Group AG - Key offerings
- Adecco Group AG - Segment focus

12.5 Aon plc
- Aon plc - Overview
- Aon plc - Business segments
- Aon plc - Key news
- Aon plc - Key offerings
- Aon plc - Segment focus

12.6 Automatic Data Processing Inc.
- Automatic Data Processing Inc. - Overview
- Automatic Data Processing Inc. - Business segments
- Automatic Data Processing Inc. - Key news
- Automatic Data Processing Inc. - Key offerings
- Automatic Data Processing Inc. - Segment focus

12.7 Capgemini Service SAS
- Capgemini Service SAS - Overview
- Capgemini Service SAS - Business segments
- Capgemini Service SAS - Key news
- Capgemini Service SAS - Key offerings
- Capgemini Service SAS - Segment focus

12.8 Capita Plc
- Capita Plc - Overview
- Capita Plc - Business segments
- Capita Plc - Key news
- Capita Plc - Key offerings
- Capita Plc - Segment focus

12.9 Ceridian HCM Holding Inc.
- Ceridian HCM Holding Inc. - Overview
- Ceridian HCM Holding Inc. - Product / Service
- Ceridian HCM Holding Inc. - Key news
- Ceridian HCM Holding Inc. - Key offerings

12.10 CGI Inc.
- CGI Inc. - Overview
- CGI Inc. - Business segments
- CGI Inc. - Key news
- CGI Inc. - Key offerings
- CGI Inc. - Segment focus

12.11 FMR LLC
- FMR LLC - Overview
- FMR LLC - Product / Service
- FMR LLC - Key offerings

12.12 HCL Technologies Ltd.
- HCL Technologies Ltd. - Overview
- HCL Technologies Ltd. - Business segments
- HCL Technologies Ltd. - Key news
- HCL Technologies Ltd. - Key offerings
- HCL Technologies Ltd. - Segment focus

12.13 Infosys Ltd.
- Infosys Ltd. - Overview
- Infosys Ltd. - Business segments
- Infosys Ltd. - Key news
- Infosys Ltd. - Key offerings
- Infosys Ltd. - Segment focus

12.14 International Business Machines Corp.
- International Business Machines Corp. - Overview
- International Business Machines Corp. - Business segments
- International Business Machines Corp. - Key news
- International Business Machines Corp. - Key offerings
- International Business Machines Corp. - Segment focus

12.15 ManpowerGroup Inc.
- ManpowerGroup Inc. - Overview
- ManpowerGroup Inc. - Business segments
- ManpowerGroup Inc. - Key news
- ManpowerGroup Inc. - Key offerings
- ManpowerGroup Inc. - Segment focus

12.16 Randstad NV
- Randstad NV - Overview
- Randstad NV - Business segments
- Randstad NV - Key offerings
- Randstad NV - Segment focus

12.17 Wipro Ltd.
- Wipro Ltd. - Overview
- Wipro Ltd. - Business segments
- Wipro Ltd. - Key news
- Wipro Ltd. - Key offerings
- Wipro Ltd. - Segment focus

13 Appendix