Press release
HRO BPO Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2389The Business Research Company offers in-depth market insights through HRO BPO Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hro bpo market size has grown steadily in recent years. It will grow from $98.41 billion in 2023 to $102.08 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to cost efficiency, focus on core competencies, globalization and expansion, compliance and risk management, scalability and flexibility, focus on employee experience.
The hro bpo market size is expected to see steady growth in the next few years. It will grow to $122 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to employee well-being programs, data security and privacy concerns, strategic workforce planning, remote work support, agility in hr operations, global talent management. Major trends in the forecast period include technology integration and automation, focus on employee experience, flexible service delivery models, digital transformation,agile workforce management.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9573&type=smp
Market Segmentation:
The hro bpo market covered in this report is segmented -
1) By Type: Professional Employer Organizations (PEOs), Administrative Service Organizations (ASOs)
2) By Service: PO, BAO, MPHRO, RPO
3) By Application: Banking, Financial Services And Insurance (BFSI), Healthcare, IT, Hospitality, Retail, Other Applications
Major Driver - The Growing Integration Of Cloud-Based Services Fuels Expansion In The Hro Bpo Market
The growing integration of cloud-based services is expected to boost the growth of the HRO BPO market going forward. Cloud services refer to hardware, software, or platforms that are hosted by outside suppliers and made accessible to customers online. A cloud-based HR system is used to handle applicants, look up resumes, generate reports, compute payroll, keep track of performance reviews, and retain employee data. Cloud-based HR aids in the elimination of the mountains of paperwork associated with a company's fundamental HR operations. Hence, the growing integration of cloud-based services will rise the demand for HRO BPO services. For instance, according to a report published by the International Data Corporation, a US-based provider of market intelligence, advisory services, and events for the information technology industry, in 2022, For cloud deployments, including dedicated and shared environments, spending on compute and storage infrastructure items increased by 17.2% year over year to $18.3 billion in the first quarter of 2022. (1Q22). Moreover, dedicated cloud infrastructure spending increased by 20.5% from the same quarter last year to $5.9 billion in Q22. 47.8% of the customized cloud infrastructure was set up on customer premises. Therefore, the growing integration of cloud-based services is driving the growth of the HRO BPO market.
Competitive Landscape:
Major companies operating in the hro bpo market report are Cielo Inc., International Business Machines Corporation, Mercer LLC, CGI Inc., Paychex Inc., Intuit Inc., Infosys Limited, Ceridian HCM Inc., HR Service Inc., General Outsourcing Co. Ltd., Aon PLC, Adecco Group, Automatic Data Processing Inc., Capita plc, Ultimate Kronos Group, ADP LLC, Equifax Inc., Kronos Inc., NGA Human Resources, Randstad NV, Alight Solutions LLC, Empower Retirement LLC., Fidelity Investments, HCL Technologies Ltd., Hewlett Packard Enterprise Company, NorthgateArinso Inc., Wipro Limited, Genpact Limited, Zalaris ASA. .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/hro-bpo-global-market-report
Top Trend - Strategic Partnerships Drive Competitive Edge For Major Players In The Hro Bpo Market
Major companies operating in the HRO BPO market are focused on adopting strategic partnerships to gain a competitive edge in the market. Such partnerships aid in providing comprehensive human resource outsourcing services to serve different purposes, including strategic alliances, client collaboration, vendor partnerships, and more. For instance, in February 2021, Transcosmos Inc., a Japan-based company that provides business process outsourcing services, partnered with Works Human Intelligence Co. Ltd. (WHI), a Japan-based human intelligence company, to form a business process outsourcing (BPO) service designed for the HR department with Works Human Intelligence Co. Ltd. Through this collaboration, the two businesses offer BPaaS (Business Process as a Service) by integrating Transcosmos' BPO services with WHI's integrated HR system, 'COMPANY'. Through their services, Transcosmos and WHI intend to help organizations focus on high-value operations, increase operational efficiency, and mitigate potential risks to business continuity from both internal and external sources.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. HRO BPO Market Characteristics
3. HRO BPO Market Trends And Strategies
4. HRO BPO Market - Macro Economic Scenario
5. HRO BPO Market Size And Growth
…..
27. HRO BPO Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release HRO BPO Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 here
News-ID: 3428181 • Views: …
More Releases from The Business Research Company

Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…

Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…

Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…

Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for BPO
Times BPO Sets New Benchmark for Affordable, Scalable BPO Services
New Delhi, India - [26th June 2025] - In an industry often plagued by overpromises and high entry barriers, Times BPO, a rapidly growing business process outsourcing company, is setting a new standard by offering affordable, scalable, and transparent BPO solutions for startups, small businesses, and first-time entrepreneurs. With an unwavering commitment to client success and operational excellence, Times BPO has positioned itself as a game-changer in the outsourcing landscape.
At…
Ascent BPO presents top-notch BPO services for every sector!
Outsourcing business processes is a convenient method to access high-quality customer engagement services. And, you must be delighted to learn that Ascent BPO, a popular Noida-based BPO company, is there to provide the right BPO services solution for you. They are equipped with expert and well-qualified professionals who deliver 100% customer satisfaction with their services. If you want to learn about the services offered by this popular outsourcing company, then…
TIMES BPO: Transforming the BPO Industry with Startup-Friendly Business Solution …
The outsourcing industry is evolving, and TIMES BPO is at the forefront, creating sustainable and profitable business opportunities for startups and entrepreneurs. With over 13 years of expertise, TIMES BPO offers a comprehensive ecosystem that empowers business seekers to establish successful call center ventures without the usual hurdles of market entry and client acquisition.
Revolutionizing BPO for New Business Owners: The journey of starting a business is filled with challenges, but…
Open Access BPO named top BPO company
WASHINGTON DC, March 1, 2021 – Open Access BPO has been recognized as one of the best business process outsourcing (BPO) companies and a top voice service provider in the recent Clutch 2021 Awards.
Market research and B2B review agency Clutch named Open Access BPO in its Top BPO Companies list, having bagged recognitions in multiple categories:
Best Back Office
Best Data Entry
Best Writing & Content Creation
As a Top Voice Services…
BPO Service Market:cheesy, Wipro, ServiceBPO, Accenture, Infosys BPO, Capri
BPO Service Market Overview:
Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global BPO Service market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.
Get Access to Report Sample: http://bit.ly/2Rqnlu4
The Global BPO Service market Report provides a detailed analysis of the current dynamics of the market with an extensive focus on the secondary research. It also studies current situation of the market…
BPO Service Market- cheesy, Wipro, ServiceBPO, Accenture, Infosys BPO, Capri
Global BPO Service Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This BPO Service Industry report also states Company Profile, sales, BPO Service Market revenue and price, market share, market growth and gross margin by regions.The following summary will give an overview of the causes, processes, and possible effects of the market research proposal.
Request for sample copy of report @ https://goo.gl/xUqpPT
Top Manufacturers/Key Players:-
cheesy
Wipro
ServiceBPO
Accenture
Infosys BPO
Capri
The…