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Global Employer of Record Services Market Research Report 2024

Global Employer of Record Services Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1679049

No of Pages : 107

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Synopsis
An Employer of Record (EOR) is a third-party organization that takes responsibility for all formal employment tasks on behalf of another company. The EOR allows companies to legally and efficiently engage with overseas workers either in a new country or state, without having to set up a local entity or risk violating local employment laws. Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively. Employer of Record is legally responsible for paying employees, including dealing with employee taxes, benefits, insurance, visa application, and sponsorship applications and a great many other transactions and operations concerning human resources. In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services. A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization. Some firms take Employer of Record (EOR) business same as PEO and we abide this attribution in corresponding situation.
The global Employer of Record Services market was valued at US$ 128.2 million in 2023 and is anticipated to reach US$ 196 million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
Important employer of record services players in Global Market include Adecco, Randstad and Aquent, hold a share around 10%. North America is the largest market, occupied for around 40 percent. In term of type, aggregator model is the biggest segment with around 70% market share, in terms of end users, SMEs are the largest downstream market with a share about 70%.
This report aims to provide a comprehensive presentation of the global market for Employer of Record Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Employer of Record Services.
Report Scope
The Employer of Record Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Employer of Record Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Employer of Record Services companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Adecco
Randstad
Aquent
FoxHire
Infotree Global
Safeguard Global
Velocity Global
Globalization Partners
Shield GEO
Acumen International
Remote Team (Gusto)
Deel
Remote Technology
Elements Global Services
Papaya Global
Universal Hires
CIIC
Links International
New Horizons Global Partners
Sky Executive
Segment by Type
Aggregator Model
Wholly Owned Infrastructure Model
Segment by Application
SMEs
Large Enterprises
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Employer of Record Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Employer of Record Services Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Aggregator Model
1.2.3 Wholly Owned Infrastructure Model
1.3 Market by Application
1.3.1 Global Employer of Record Services Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 SMEs
1.3.3 Large Enterprises
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Employer of Record Services Market Perspective (2019-2030)
2.2 Employer of Record Services Growth Trends by Region
2.2.1 Global Employer of Record Services Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Employer of Record Services Historic Market Size by Region (2019-2024)
2.2.3 Employer of Record Services Forecasted Market Size by Region (2025-2030)
2.3 Employer of Record Services Market Dynamics
2.3.1 Employer of Record Services Industry Trends
2.3.2 Employer of Record Services Market Drivers
2.3.3 Employer of Record Services Market Challenges
2.3.4 Employer of Record Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Employer of Record Services Players by Revenue
3.1.1 Global Top Employer of Record Services Players by Revenue (2019-2024)
3.1.2 Global Employer of Record Services Revenue Market Share by Players (2019-2024)
3.2 Global Employer of Record Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Employer of Record Services Revenue
3.4 Global Employer of Record Services Market Concentration Ratio
3.4.1 Global Employer of Record Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Employer of Record Services Revenue in 2023
3.5 Employer of Record Services Key Players Head office and Area Served
3.6 Key Players Employer of Record Services Product Solution and Service
3.7 Date of Enter into Employer of Record Services Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Employer of Record Services Breakdown Data by Type
4.1 Global Employer of Record Services Historic Market Size by Type (2019-2024)
4.2 Global Employer of Record Services Forecasted Market Size by Type (2025-2030)
5 Employer of Record Services Breakdown Data by Application
5.1 Global Employer of Record Services Historic Market Size by Application (2019-2024)
5.2 Global Employer of Record Services Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Employer of Record Services Market Size (2019-2030)
6.2 North America Employer of Record Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Employer of Record Services Market Size by Country (2019-2024)
6.4 North America Employer of Record Services Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Employer of Record Services Market Size (2019-2030)
7.2 Europe Employer of Record Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Employer of Record Services Market Size by Country (2019-2024)
7.4 Europe Employer of Record Services Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Employer of Record Services Market Size (2019-2030)
8.2 Asia-Pacific Employer of Record Services Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Employer of Record Services Market Size by Region (2019-2024)
8.4 Asia-Pacific Employer of Record Services Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Employer of Record Services Market Size (2019-2030)
9.2 Latin America Employer of Record Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Employer of Record Services Market Size by Country (2019-2024)
9.4 Latin America Employer of Record Services Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Employer of Record Services Market Size (2019-2030)
10.2 Middle East & Africa Employer of Record Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Employer of Record Services Market Size by Country (2019-2024)
10.4 Middle East & Africa Employer of Record Services Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Adecco
11.1.1 Adecco Company Detail
11.1.2 Adecco Business Overview
11.1.3 Adecco Employer of Record Services Introduction
11.1.4 Adecco Revenue in Employer of Record Services Business (2019-2024)
11.1.5 Adecco Recent Development
11.2 Randstad
11.2.1 Randstad Company Detail
11.2.2 Randstad Business Overview
11.2.3 Randstad Employer of Record Services Introduction
11.2.4 Randstad Revenue in Employer of Record Services Business (2019-2024)
11.2.5 Randstad Recent Development
11.3 Aquent
11.3.1 Aquent Company Detail
11.3.2 Aquent Business Overview
11.3.3 Aquent Employer of Record Services Introduction
11.3.4 Aquent Revenue in Employer of Record Services Business (2019-2024)
11.3.5 Aquent Recent Development
11.4 FoxHire
11.4.1 FoxHire Company Detail
11.4.2 FoxHire Business Overview
11.4.3 FoxHire Employer of Record Services Introduction
11.4.4 FoxHire Revenue in Employer of Record Services Business (2019-2024)
11.4.5 FoxHire Recent Development
11.5 Infotree Global
11.5.1 Infotree Global Company Detail
11.5.2 Infotree Global Business Overview
11.5.3 Infotree Global Employer of Record Services Introduction
11.5.4 Infotree Global Revenue in Employer of Record Services Business (2019-2024)
11.5.5 Infotree Global Recent Development
11.6 Safeguard Global
11.6.1 Safeguard Global Company Detail
11.6.2 Safeguard Global Business Overview
11.6.3 Safeguard Global Employer of Record Services Introduction
11.6.4 Safeguard Global Revenue in Employer of Record Services Business (2019-2024)
11.6.5 Safeguard Global Recent Development
11.7 Velocity Global
11.7.1 Velocity Global Company Detail
11.7.2 Velocity Global Business Overview
11.7.3 Velocity Global Employer of Record Services Introduction
11.7.4 Velocity Global Revenue in Employer of Record Services Business (2019-2024)
11.7.5 Velocity Global Recent Development
11.8 Globalization Partners
11.8.1 Globalization Partners Company Detail
11.8.2 Globalization Partners Business Overview
11.8.3 Globalization Partners Employer of Record Services Introduction
11.8.4 Globalization Partners Revenue in Employer of Record Services Business (2019-2024)
11.8.5 Globalization Partners Recent Development
11.9 Shield GEO
11.9.1 Shield GEO Company Detail
11.9.2 Shield GEO Business Overview
11.9.3 Shield GEO Employer of Record Services Introduction
11.9.4 Shield GEO Revenue in Employer of Record Services Business (2019-2024)
11.9.5 Shield GEO Recent Development
11.10 Acumen International
11.10.1 Acumen International Company Detail
11.10.2 Acumen International Business Overview
11.10.3 Acumen International Employer of Record Services Introduction
11.10.4 Acumen International Revenue in Employer of Record Services Business (2019-2024)
11.10.5 Acumen International Recent Development
11.11 Remote Team (Gusto)
11.11.1 Remote Team (Gusto) Company Detail
11.11.2 Remote Team (Gusto) Business Overview
11.11.3 Remote Team (Gusto) Employer of Record Services Introduction
11.11.4 Remote Team (Gusto) Revenue in Employer of Record Services Business (2019-2024)
11.11.5 Remote Team (Gusto) Recent Development
11.12 Deel
11.12.1 Deel Company Detail
11.12.2 Deel Business Overview
11.12.3 Deel Employer of Record Services Introduction
11.12.4 Deel Revenue in Employer of Record Services Business (2019-2024)
11.12.5 Deel Recent Development
11.13 Remote Technology
11.13.1 Remote Technology Company Detail
11.13.2 Remote Technology Business Overview
11.13.3 Remote Technology Employer of Record Services Introduction
11.13.4 Remote Technology Revenue in Employer of Record Services Business (2019-2024)
11.13.5 Remote Technology Recent Development
11.14 Elements Global Services
11.14.1 Elements Global Services Company Detail
11.14.2 Elements Global Services Business Overview
11.14.3 Elements Global Services Employer of Record Services Introduction
11.14.4 Elements Global Services Revenue in Employer of Record Services Business (2019-2024)
11.14.5 Elements Global Services Recent Development
11.15 Papaya Global
11.15.1 Papaya Global Company Detail
11.15.2 Papaya Global Business Overview
11.15.3 Papaya Global Employer of Record Services Introduction
11.15.4 Papaya Global Revenue in Employer of Record Services Business (2019-2024)
11.15.5 Papaya Global Recent Development
11.16 Universal Hires
11.16.1 Universal Hires Company Detail
11.16.2 Universal Hires Business Overview
11.16.3 Universal Hires Employer of Record Services Introduction
11.16.4 Universal Hires Revenue in Employer of Record Services Business (2019-2024)
11.16.5 Universal Hires Recent Development
11.17 CIIC
11.17.1 CIIC Company Detail
11.17.2 CIIC Business Overview
11.17.3 CIIC Employer of Record Services Introduction
11.17.4 CIIC Revenue in Employer of Record Services Business (2019-2024)
11.17.5 CIIC Recent Development
11.18 Links International
11.18.1 Links International Company Detail
11.18.2 Links International Business Overview
11.18.3 Links International Employer of Record Services Introduction
11.18.4 Links International Revenue in Employer of Record Services Business (2019-2024)
11.18.5 Links International Recent Development
11.19 New Horizons Global Partners
11.19.1 New Horizons Global Partners Company Detail
11.19.2 New Horizons Global Partners Business Overview
11.19.3 New Horizons Global Partners Employer of Record Services Introduction
11.19.4 New Horizons Global Partners Revenue in Employer of Record Services Business (2019-2024)
11.19.5 New Horizons Global Partners Recent Development
11.20 Sky Executive
11.20.1 Sky Executive Company Detail
11.20.2 Sky Executive Business Overview
11.20.3 Sky Executive Employer of Record Services Introduction
11.20.4 Sky Executive Revenue in Employer of Record Services Business (2019-2024)
11.20.5 Sky Executive Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Published By : QY Research

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