Employer of Record Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Employer of Record Market
The global Employer of Record Platform market was valued at US$ 4450.5 million in 2022 and is anticipated to reach US$ 6604.4 million by 2029, witnessing a CAGR of 6.8% during the forecast period 2023-2029.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-7D9395/Global_Employer_of_Record_Market_Insights_and_Forecast_to_2028

Fully considering the economic change by this health crisis, Aggregator Model accounting for 67.55% of the Employer of Record global market in 2021, is projected to value US$ 4616.76 million by 2028, growing at a revised 7.31% CAGR in the post-COVID-19 period (2022-2028). Employer of Record customers include SMEs and Large Enterprises. SMEs accounting 69.75% market share in terms of revenue in 2021.
The ease with which businesses can expand into international markets, the low cost of human resources, the lack of a local incorporation requirement, immigration compliance, guaranteed local compliance, and the absence of additional payroll tax requirements are all expected to contribute to the growth of the Employer of Record market.
Employer of Record Market Share
North America is predicted to be the most lucrative area. The United States is one of the most sought-after destinations for corporate headquarters because of its highly productive workforce and status as a global leader in research and development. However, due to its complicated and contradictory legal structure, entering the US may be scary. These difficult elements may be handled by EOR, allowing companies to begin doing business in the US in a matter of days.
The Aggregator model has the greatest expected profit margin based on type. In the aggregator module, a single company acts as the umbrella organization, and each country's employment requirements are met by local service providers. These (typically tiny) service providers lack the legal, tax, or human resources expertise needed by a publicly listed multinational corporation outsourcing its worldwide legal infrastructure, and they are not scale-ready.

Get regional report
https://reports.valuates.com/request/regional/QYRE-Auto-7D9395/Global_Employer_of_Record_Market_Insights_and_Forecast_to_2028

Segment by Type
• Aggregator Model
• Wholly Owned Infrastructure Model

Segment by Application
• SMEs
• Large Enterprises

By Company
• Adecco
• Randstad
• Aquent
• FoxHire
• Infotree Global
• Safeguard Global
• Velocity Global
• Globalization Partners
• Shield GEO
• Acumen International
• Elements Global Services
• Papaya Global
• Universal Hires
• CIIC
• Links International
• New Horizons Global Partners
• Sky Executive

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-7D9395/global-employer-of-record

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.