NEW YORK, July 19, 2023 /PRNewswire/ -- The human resource outsourcing market size is estimated to grow by USD 10.90 billion from 2021 to 2026, at a CAGR of 4.87%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Accenture Plc, Adecco Group AG, Automatic Data Processing Inc., Capgemini Service SAS, Capita Plc, Ceridian HCM Holding Inc., CGI Inc., Fidelity Investments Inc., General Outsourcing Co Ltd., Genpact Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., HP Inc., Infosys Ltd., International Business Machines Corp., Manpower Group, MHR, Randstad Holding NV, Wipro Ltd., Zalaris ASA., Aon Plc, and UKG Inc.

Human Resource Outsourcing Market Insights -

• Vendors: 15+, Including Accenture Plc, Adecco Group AG, Automatic Data Processing Inc., Capgemini Service SAS, Capita Plc, Ceridian HCM Holding Inc., CGI Inc., Fidelity Investments Inc., General Outsourcing Co Ltd., Genpact Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., HP Inc., Infosys Ltd., International Business Machines Corp., Manpower Group, MHR, Randstad Holding NV, Wipro Ltd., Zalaris ASA., Aon Plc, and UKG Inc. among others

• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

• Segments: Service (PO, BAO, MPHRO, RPO, and LSO) and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

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Human resource outsourcing market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria

• Adoption rates

• Adoption lifecycle

• Drivers of price sensitivity

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Key Human Resource Outsourcing Market Driver- The digitization of human resource outsourcing is one of the major factors driving market growth. The global human resource outsourcing market is experiencing growth due to the increasing adoption of digitization and technological advances in support of the Industry 4.0 trend and advanced database management systems. Industrial processes are being transformed through the implementation of technologies such as IoT, cloud computing, big data, analytics, and augmented reality. These developments enable organizations to integrate their horizontal and vertical structures while also providing cost reductions and increased productivity through human resource outsourcing. As a result, the global human resource outsourcing market is expected to grow during the forecast period.

Key Human Resource Outsourcing Market Trend- The rise in the adoption of recruitment analytics is an emerging trend shaping market growth.

Key Human Resource Outsourcing Market Challenge- Increased dependence on outsourcing agencies is a significant challenge hindering market growth.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The human resource outsourcing market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Human Resource Outsourcing Market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the human resource outsourcing market between 2022 and 2026

• Precise estimation of the human resource outsourcing market size and its contribution to the market in focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behaviour

• Growth of the human resource outsourcing market across North America, Europe, APAC, South America, and the Middle East and Africa

• A thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of human resource outsourcing market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

• 4.1 Five forces summary

• 4.2 Bargaining power of buyers

• 4.3 Bargaining power of suppliers

• 4.4 Threat of new entrants

• 4.5 Threat of substitutes

• 4.6 Threat of rivalry

• 4.7 Market condition

5 Market Segmentation by Service

• 5.1 Market segments

• 5.2 Comparison by Service

• 5.3 PO - Market size and forecast 2021-2026

• 5.4 BAO - Market size and forecast 2021-2026

• 5.5 MPHRO - Market size and forecast 2021-2026

• 5.6 RPO - Market size and forecast 2021-2026

• 5.7 LSO - Market size and forecast 2021-2026

• 5.8 Market opportunity by Service

6 Customer Landscape

• 6.1 Customer landscape overview

7 Geographic Landscape

• 7.1 Geographic segmentation

• 7.2 Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026

• 7.4 Europe - Market size and forecast 2021-2026

• 7.5 APAC - Market size and forecast 2021-2026

• 7.6 South America - Market size and forecast 2021-2026

• 7.7 Middle East and Africa - Market size and forecast 2021-2026

• 7.8 US - Market size and forecast 2021-2026

• 7.9 Canada - Market size and forecast 2021-2026

• 7.10 UK - Market size and forecast 2021-2026

• 7.11 France - Market size and forecast 2021-2026

• 7.12 Germany - Market size and forecast 2021-2026

• 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape

• 9.3 Landscape disruption

• 9.4 Industry risks

10 Vendor Analysis

• 10.1 Vendors covered

• 10.2 Market positioning of vendors

• 10.3 Accenture Plc

• 10.4 Adecco Group AG

• 10.5 Automatic Data Processing Inc.

• 10.6 Ceridian HCM Holding Inc.

• 10.7 General Outsourcing Co Ltd.

• 10.8 HCL Technologies Ltd.

• 10.9 Infosys Ltd.

• 10.10 International Business Machines Corp.

• 10.11 Randstad Holding NV

• 10.12 Zalaris ASA.

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist

• 11.3 Currency conversion rates for US$

• 11.4 Research methodology

• 11.5 List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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