Global Human Resource Outsourcing (HRO) Market Research Report 2022 - Market Size, Current Insights and Development Trends

Human Resources Outsourcing (HRO) is one of the major sectors in the Business Process Outsourcing (BPO) domain. Companies lacking the financial, human and technological resources to handle critical functions of the human resource (HR) management generally opt for HR outsourcing services. As HR department plays a vital role in the overall satisfaction of the employees in any company, HRO has been increasingly gaining importance. By outsourcing common HR functions such as learning management, recruiting, compensation planning, performance management and succession planning, companies benefit in terms of cost savings as well as performance improvements. Companies with less employee strength are also willing to focus on outsourcing their human resource functions, as service providers are creating appropriate outsourcing models that suit the organization, providing employee productivity benefits.
The Human Resource Outsourcing (HRO) market has witnessed a growth from USD XX million to USD XX million from 2017 to 2022. With a CAGR of X.X%, this market is estimated to reach USD XX million in 2029.

The report focuses on the Human Resource Outsourcing (HRO) market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Human Resource Outsourcing (HRO) market.

Major Players in the Human Resource Outsourcing (HRO) market are:
Infosys BPM Ltd.
General Outsourcing Co. Ltd.
Aon Hewitt
ADP LLC
Randstad Holding NV
Adecco Group AG
Paychex, Inc.
Ceridian HCM, Inc.
NGA Human Resources
CGI Group, Inc.
Mercer, LLC
Accenture PLC
Kronos, Inc.
Equifax, Inc.
Ultimate Software Group, Inc.
International Business Machines Corporation
Cielo, Inc.
Intuit, Inc.

On the basis of types, the Human Resource Outsourcing (HRO) market is primarily split into:
Payroll Outsourcing
Benefits Administration Outsourcing
Multiprocess Human Resource Outsourcing
Recruitment Process Outsourcing
Learning Services Outsourcing
Others

On the basis of applications, the market covers:
BFSI
Healthcare
IT
Hospitality
Retail
Other

Major Region

s or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years:

2017-2021

Base Year:

2021

Estimated Year:

2022

Forecast Period:

2022-2029