The Europe Contingent Workforce Management Market should witness market growth of 9.6% CAGR during the forecast period (2022-2028).
Businesscore HR system must be integrated with the technology and tools they use to manage their contingent workforce if theywant to operate as a team to give theircontingent workers a positive, consistent experience. Organizations will need to develop creative strategies to engage and entice contingent workers as this workforce sector expands. These strategies may include incentives in addition to bonuses, but it will be crucial always to offer enough assistance. Organizations must consider enhancing employee and contingent worker experiences while talent scarcity persists if they want to be competitive.
Nowadays, contingent employees or outsourcing are frequently utilized to do once-vital tasks (likeIT, accounting, and admin). The outcome is a decrease in the core staff of a company and an increase in contingent labor. The standard HR life cycle is frequently skipped by contingent workers in businesses that use an 'exclusive'strategy. This indicates that the HR procedures that have yet to be streamlined are utilized by them or the company they work for. Consider a system for swiftly onboarding personnel, managing and enhancing their performance, offboarding personnel, etc. Businesses that manage their contingent workforces in an 'inclusive'manner incorporate their contingent employees in the HR cycle of the company.
Germany has a robust healthcare system, particularly regarding hospital beds, infrastructure, and skilled personnel. In Germany, the healthcare industry accounts for one in every six employees and has an economic impact of EUR 678.2 billion (USD 798 billion) or around 12% of Germany's GDP. HCT generates EUR 131.2 billion (USD 154.4 billion) in overseas sales, accounting for 8.3% of Germany's exports. The German medical equipment industry is predicted to grow at a CAGR of 5.1 percent in euro terms and 6.8 percent in US dollar terms from 2020 to 2025. This is expected to increase the utilization of contingent workforce management and drive market growth in the region.
The Germany market dominated the Europe Contingent Workforce Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $21,284 Billion by 2028. The UK market is anticipated to grow at a CAGR of 8.7% during (2022-2028). Additionally, The France market would exhibit a CAGR of 10.4% during (2022-2028).
Based on Type, the market is segmented into Flexible Staffing and Permanent Staffing. Based on Industry, the market is segmented into Healthcare, Retail Trade, Manufacturing & Automotive, BFSI, Government & Public Sector, Telecom & IT, Business/Professional Service, Pharma/biotech/medical equipment, Real Estate & Rental Leasing, Transportation & Logistics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Coupa Software, Inc., Ramco Systems Limited, Avature Limited, Beeline (New Mount Capital), The Bowen Group, CXC Global, Zeel Solutions Ltd., and Magnit (EQT AB).
Businesscore HR system must be integrated with the technology and tools they use to manage their contingent workforce if theywant to operate as a team to give theircontingent workers a positive, consistent experience. Organizations will need to develop creative strategies to engage and entice contingent workers as this workforce sector expands. These strategies may include incentives in addition to bonuses, but it will be crucial always to offer enough assistance. Organizations must consider enhancing employee and contingent worker experiences while talent scarcity persists if they want to be competitive.
Nowadays, contingent employees or outsourcing are frequently utilized to do once-vital tasks (likeIT, accounting, and admin). The outcome is a decrease in the core staff of a company and an increase in contingent labor. The standard HR life cycle is frequently skipped by contingent workers in businesses that use an 'exclusive'strategy. This indicates that the HR procedures that have yet to be streamlined are utilized by them or the company they work for. Consider a system for swiftly onboarding personnel, managing and enhancing their performance, offboarding personnel, etc. Businesses that manage their contingent workforces in an 'inclusive'manner incorporate their contingent employees in the HR cycle of the company.
Germany has a robust healthcare system, particularly regarding hospital beds, infrastructure, and skilled personnel. In Germany, the healthcare industry accounts for one in every six employees and has an economic impact of EUR 678.2 billion (USD 798 billion) or around 12% of Germany's GDP. HCT generates EUR 131.2 billion (USD 154.4 billion) in overseas sales, accounting for 8.3% of Germany's exports. The German medical equipment industry is predicted to grow at a CAGR of 5.1 percent in euro terms and 6.8 percent in US dollar terms from 2020 to 2025. This is expected to increase the utilization of contingent workforce management and drive market growth in the region.
The Germany market dominated the Europe Contingent Workforce Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $21,284 Billion by 2028. The UK market is anticipated to grow at a CAGR of 8.7% during (2022-2028). Additionally, The France market would exhibit a CAGR of 10.4% during (2022-2028).
Based on Type, the market is segmented into Flexible Staffing and Permanent Staffing. Based on Industry, the market is segmented into Healthcare, Retail Trade, Manufacturing & Automotive, BFSI, Government & Public Sector, Telecom & IT, Business/Professional Service, Pharma/biotech/medical equipment, Real Estate & Rental Leasing, Transportation & Logistics and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Coupa Software, Inc., Ramco Systems Limited, Avature Limited, Beeline (New Mount Capital), The Bowen Group, CXC Global, Zeel Solutions Ltd., and Magnit (EQT AB).
Scope of the Study
By Type
- Flexible Staffing
- Permanent Staffing
By Industry
- Healthcare
- Retail Trade
- Manufacturing & Automotive
- BFSI
- Government & Public Sector
- Telecom & IT
- Business/Professional Service
- Pharma/biotech/medical equipment
- Real Estate & Rental Leasing
- Transportation & Logistics
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Coupa Software, Inc.
- Ramco Systems Limited
- Avature Limited
- Beeline (New Mount Capital)
- The Bowen Group
- CXC Global
- Zeel Solutions Ltd.
- Magnit (EQT AB)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Contingent Workforce Management Market, by Type
1.4.2 Europe Contingent Workforce Management Market, by Industry
1.4.3 Europe Contingent Workforce Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Contingent Workforce Management Market
Chapter 4. Europe Contingent Workforce Management Market by Type
4.1 Europe Flexible Staffing Market by Country
4.2 Europe Permanent Staffing Market by Country
Chapter 5. Europe Contingent Workforce Management Market by Industry
5.1 Europe Healthcare Market by Country
5.2 Europe Retail Trade Market by Country
5.3 Europe Manufacturing & Automotive Market by Country
5.4 Europe BFSI Market by Country
5.5 Europe Government & Public Sector Market by Country
5.6 Europe Telecom & IT Market by Country
5.7 Europe Business/Professional Service Market by Country
5.8 Europe Pharma/biotech/medical equipment Market by Country
5.9 Europe Real Estate & Rental Leasing Market by Country
5.1 Europe Transportation & Logistics Market by Country
5.11 Europe Other Industry Market by Country
Chapter 6. Europe Contingent Workforce Management Market by Country
6.1 Germany Contingent Workforce Management Market
6.1.1 Germany Contingent Workforce Management Market by Type
6.1.2 Germany Contingent Workforce Management Market by Industry
6.2 UK Contingent Workforce Management Market
6.2.1 UK Contingent Workforce Management Market by Type
6.2.2 UK Contingent Workforce Management Market by Industry
6.3 France Contingent Workforce Management Market
6.3.1 France Contingent Workforce Management Market by Type
6.3.2 France Contingent Workforce Management Market by Industry
6.4 Russia Contingent Workforce Management Market
6.4.1 Russia Contingent Workforce Management Market by Type
6.4.2 Russia Contingent Workforce Management Market by Industry
6.5 Spain Contingent Workforce Management Market
6.5.1 Spain Contingent Workforce Management Market by Type
6.5.2 Spain Contingent Workforce Management Market by Industry
6.6 Italy Contingent Workforce Management Market
6.6.1 Italy Contingent Workforce Management Market by Type
6.6.2 Italy Contingent Workforce Management Market by Industry
6.7 Rest of Europe Contingent Workforce Management Market
6.7.1 Rest of Europe Contingent Workforce Management Market by Type
6.7.2 Rest of Europe Contingent Workforce Management Market by Industry
Chapter 7. Company Profiles
7.1 SAP SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Coupa Software, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Acquisition and Mergers:
7.3 Ramco Systems Limited
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Avature Limited
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.5 Beeline (New Mount Capital)
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 The Bowen Group
7.6.1 Company Overview
7.7 CXC Global
7.7.1 Company Overview
7.8 Zeel Solutions Ltd.
7.8.1 Company Overview
7.9 Magnit (EQT AB)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.4.2 Acquisition and Mergers:
Companies Mentioned
- SAP SE
- Coupa Software, Inc.
- Ramco Systems Limited
- Avature Limited
- Beeline (New Mount Capital)
- The Bowen Group
- CXC Global
- Zeel Solutions Ltd.
- Magnit (EQT AB)
Methodology
LOADING...
