The Global Human Resource Outsourcing Market will Grow Impressively at a CAGR of Almost 12.74% by 2020

ALBANY, NY, May 18, 2017 : HRO refers to the practice of contracting enterprise functions to an external service provider to handle some or all of HR duties and tasks such as recruitment, payroll, training and development, employee policies, compensation and benefits administration, compliance management, pension and health benefits administration. Organizations outsource one or entire HR-related services to reduce costs and improve business productivity.

Technavios analysts forecast the global HRO market to grow at a CAGR of 12.74% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global HRO market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

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The market is divided into the following segments based on end-user:
BFSI
Manufacturing
Services
Others

Technavio's report, Global Human Resource Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Accenture
ADP
Aon Hewitt
IBM
Northgate Information Solutions

Other prominent vendors
Adecco
Affiliated Computer Services
Capgemini
Capita
Ceridian
CGI
Empower Software Solutions
Excellerate HRO
General Outsourcing
Genpact
HCL
Hexaware
HP
Mercer
MidlandHR
Neeyamo
Paychex
PeopleStrong
Pinstripe
Randstad Holding
Talent2
TCS
TriCore
Ultimate Software
Wipro
WNS
Xerox
Zalaris

Market driver
Cost reduction
For a full, detailed list, view our report

Market challenge
Dependency and loss of control
For a full, detailed list, view our report

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Market trend
Increased adoption of cloud-based HRO
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.