Professional Employer Organizations (PEO) Market Worth, Size, Revenue, Share | Valuates Reports

Professional Employer Organizations Market

The PEO market Revenue reached about 21 Billion USD in 2017 from 14 Billion USD in 2013 all around the world, with a CAGR of 11%.

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Recruiting, risk/safety management, payroll, workers' compensation, and training and development are just a few of the responsibilities that a company can outsource to a professional employer organization (PEO).

The market is expanding as a result of factors such as increased demand for personnel management and recruitment, rising demand from both small and large businesses, and an increase in service providers. The market is comprehensively evaluated in the study on the global professional employer organizations (PEOs) market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Tends Influencing the Growth of the Professional Employer Organizations Market

The professional employer organization market is being driven by the requirement for advanced automated technology HR solutions. Due to its compliance with international countries' labor rules and regulations, PEO is becoming more and more popular. Manufacturing, IT services, and BFSI are three industries where demand for these services is very high. It aids in strategic HR planning to draw in a talent pool of the highest caliber. PEO also offers helpful services like employee immigration, foreign hiring and screening, recruitment marketing abroad, and others.

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An expert employer organization offers administration and management services for employees. The services offered include hiring, onboarding, payroll, and other things as well as employee benefits. PEO enables organizations to operate effectively without investing a lot of effort in managing and employing new employees. It drastically lowers the cost of hiring for enterprises.
The expansion of the professional employer organization market is being driven by the rise in the number of both small and large organizations.
The PEO market is expanding as a result of factors such as increased demand for personnel management and recruitment, rising demand from both small and large businesses, and an increase in service providers. However, providers of cloud solutions and alternatives like EOR (Employee on Record) may impede the market's overall growth.

PEOs Market Share

PEOs (Professional Employer Organizations) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global PEOs (Professional Employer Organizations) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

By Type
• Full Service PEO
• ASO

By Application
• Small Businesses
• Medium Businesses
• Large Businesses

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By Company
• Automatic Data Processing (ADP)
• Insperity
• TriNet
• Paychex
• TEL Staffing & HR
• Oasis Outsourcing
• Ahead Human Resources
• Group Management Services (GMS)
• Alcott HR
• Total HR
• Solid Business Solutions
• CoAdvantage
• FrankCrum
• Premier Employer Services
• XcelHR
• Abel
• AccessPoint
• Acadia HR
• Emplicity
• Employer Solutions Group
• Resource Management Inc
• Justworks
• OneSource Business Solutions
• Pinnacle PEO
• Synergy HR

By Region
• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

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