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The human resource outsourcing (HRO) market is forecasted to grow by USD 13.3 billion during 2023-2028, accelerating at a CAGR of 5.28% during the forecast period. The report on the human resource outsourcing (HRO) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digitization of human resource outsourcing, growing demand for neo-sourcing, and need to improve HR value chain.
The human resource outsourcing (HRO) market is segmented as below:
By End-user
- Large enterprises
- SMEs
By Service
- PO
- BOA
- MPHRO
- RPO
- LSO
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the rise in adoption of recruitment analytics as one of the prime reasons driving the human resource outsourcing (HRO) market growth during the next few years. Also, increased in adoption of multi-country PO models and emergence of cloud-based solutions will lead to sizable demand in the market.
The report on the human resource outsourcing (HRO) market covers the following areas:
- Human resource outsourcing (HRO) market sizing
- Human resource outsourcing (HRO) market forecast
- Human resource outsourcing (HRO) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading human resource outsourcing (HRO) market vendors that include 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 Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., ManpowerGroup Inc., MHR International UK Ltd., Randstad NV, UKG Inc., and Wipro Ltd. Also, the human resource outsourcing (HRO) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global human resource outsourcing (HRO) 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 Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., ManpowerGroup Inc., MHR International UK Ltd., Randstad NV, UKG Inc., and Wipro Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in adoption of recruitment analytics."
According to the report, one of the major drivers for this market is the digitization of human resource outsourcing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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 Ltd.
- HCL Technologies Ltd.
- Hewlett Packard Enterprise Co.
- Hexaware Technologies Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- ManpowerGroup Inc.
- MHR International UK Ltd.
- Randstad NV
- UKG Inc.
- Wipro Ltd.
