Professional Employer Organizations Market: By Product Type By Deployment Mode, By Application By Orgnization Size and Region Forecast 2019-2030

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Professional Employer Organizations (PEOs) Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Full Service PEO, ASO, Others) By Deployment Mode (On-Premises, Cloud Based), By Application (Risk Management, Regulatory Compliance, Withholding & Taxation, Payroll Services, Human Capital Management, Insurance Services, Others) By Orgnization Size (Small Businesses, Medium Businesses, Large Businesses) and Region Forecast 2019-2030

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Professional Employer Organizations (PEOs) Market Size was valued at US$ 58 billion in 2023 growing at a significant CAGR of 10.9% from 2024-2030. Employee benefits, compliance assistance, supporting the in-house HR staff of an organization with a variety of services, recruiting and hiring act as drivers. Unexpected changes, cash flow issues, potential financial risk are the factor hindering the global market. Adoption in medical, dental and educational assistance provide multiple opportunities to global PEOs (Professional Employer Organizations) market. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.

In addition, global PEOs market report includes human demographics regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global PEOs (Professional Employer Organizations) market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global PEOs (Professional Employer Organizations) market.

Key Developments

  • In April 2020, ADP, one of the market leaders in the PEO market, started working with the U.S. federal government to support businesses and overcome the negative impact caused by COVID-19.
  • In January 2020, ADP strengthened its geographical presence by offering ADP TotalSource to Hawaii Businesses community. The launch of this service allows businesses to streamline their business operation by integrating with automated solutions. 

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Professional Employer Organizations Peos Market Summary

Study Period

2024-30

Base Year

2023

CAGR

10.9%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Professional Employer Organizations (PEOs) Market Dynamics

It is noticed that the global PEOs (Professional Employer Organizations) market has a significant market growth rate on rapidly expanding cloud-based infrastructure. Cloud infrastructure refers to the back-end hardware components found in most enterprise data centers in the cloud computing architecture, albeit on a much larger scale. These include multi socket, multicore servers, permanent storage, and appliances such as switches and routers for local area network. Major public cloud providers, such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform, offer services based on shared, multi-tenant servers.

Professional Employer Organizations Peos Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-30

Market Size in 2023

US$ 58 billion

Market CAGR

10.9%

By Product Type

  • Full Service PEO,
  • ASO,
  • Others

By Application

  • Risk Management,
  • Regulatory Compliance,
  • Withholding & Taxation,
  • Payroll Services,
  • Human Capital Management,
  • Insurance Services,
  • Others

By Orgnization Size

  • Small Businesses,
  • Medium Businesses,
  • Large Businesses

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The professional employer organizations (peos) market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup's details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis 

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Frequently Asked Questions

The global professional employer organizations peos market size was valued at US$ 58 billion in 2023 and is projected to grow at a CAGR of 10.9% by 2030.

Insperity, TriNet, Paychex, TEL Staffing & HR, Oasis Outsourcing, Ahead Human Resources, Group Management Services (GMS), Alcott HR, Total HR

North America is the fastest-growing region for professional employer organizations (peos) market

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1. Executive Summary
2. Global Professional Employer Organizations (PEOs) Market Introduction
2.1. Global Professional Employer Organizations (PEOs) Market - Taxonomy
2.2. Global Professional Employer Organizations (PEOs) Market - Definitions
2.2.1. Product Type
2.2.2. Deployment Mode
2.2.3. Application
2.2.4. Organization Size
3. Global Professional Employer Organizations (PEOs) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Professional Employer Organizations (PEOs) Market Dynamic Factors - Impact Analysis
3.6. Global Professional Employer Organizations (PEOs) Market - Competition Landscape
4. Global Professional Employer Organizations (PEOs) Market Analysis, 2019-2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Professional Employer Organizations (PEOs) Market, By Product Type, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Full Service PEO
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. ASO
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Others
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Professional Employer Organizations (PEOs) Market Forecast, By Deployment Mode, 2019-2023 and Forecast, 2020 - 2026 (Revenue, USD Mn)
6.1. On-Premises
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cloud Based
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Professional Employer Organizations (PEOs) Market Forecast, By Application, 2019-2023 and Forecast, 2020 - 2026 (Revenue, USD Mn)
7.1. Risk Management
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Regulatory Compliance
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Withholding & Taxation
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Payroll Services
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Human Capital Management
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Insurance Services
7.6.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Others
7.7.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Global Professional Employer Organizations (PEOs) Market Forecast, By Organization Size, 2019-2023 and Forecast, 2024 - 2030
8.1. Small Businesses
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Medium Businesses
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Large Businesses
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Professional Employer Organizations (PEOs) Market Forecast, By Region, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Professional Employer Organizations (PEOs) Market - Opportunity Analysis Index, By Product Type, Deployment Mode, Application, Organization Size and Region, 2024 - 2030
10. North America Professional Employer Organizations (PEOs) Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Product Type Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Full Service PEO
10.1.2. ASO
10.1.3. Others
10.2. Deployment Mode Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. On-Premises
10.2.2. Cloud Based
10.3. Application Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Risk Management
10.3.2. Regulatory Compliance
10.3.3. Withholding & Taxation
10.3.4. Payroll Services
10.3.5. Human Capital Management
10.3.6. Insurance Services
10.3.7. Others
10.4. Organization Size Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Small Businesses
10.4.2. Medium Businesses
10.4.3. Large Businesses
10.5. Country Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Professional Employer Organizations (PEOs) Market - Opportunity Analysis Index, By Product Type, Deployment Mode, Application, Organization Size and Country, 2024 - 2030
10.7. North America Professional Employer Organizations (PEOs) Market Dynamics - Trends
11. Europe Professional Employer Organizations (PEOs) Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Product Type Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Full Service PEO
11.1.2. ASO
11.1.3. Others
11.2. Deployment Mode Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. On-Premises
11.2.2. Cloud Based
11.3. Application Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Risk Management
11.3.2. Regulatory Compliance
11.3.3. Withholding & Taxation
11.3.4. Payroll Services
11.3.5. Human Capital Management
11.3.6. Insurance Services
11.3.7. Others
11.4. Organization Size Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Small Businesses
11.4.2. Medium Businesses
11.4.3. Large Businesses
11.5. Country Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Professional Employer Organizations (PEOs) Market - Opportunity Analysis Index, By Product Type, Deployment Mode, Application, Organization Size and Country, 2024 - 2030
11.7. Europe Professional Employer Organizations (PEOs) Market Dynamics - Trends
12. Asia-Pacific Professional Employer Organizations (PEOs) Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Product Type Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Full Service PEO
12.1.2. ASO
12.1.3. Others
12.2. Deployment Mode Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. On-Premises
12.2.2. Cloud Based
12.3. Application Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Risk Management
12.3.2. Regulatory Compliance
12.3.3. Withholding & Taxation
12.3.4. Payroll Services
12.3.5. Human Capital Management
12.3.6. Insurance Services
12.3.7. Others
12.4. Organization Size Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Small Businesses
12.4.2. Medium Businesses
12.4.3. Large Businesses
12.5. Country Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Professional Employer Organizations (PEOs) Market - Opportunity Analysis Index, By Product Type, Deployment Mode, Application, Organization Size and Country, 2024 - 2030
12.7. Asia-Pacific Professional Employer Organizations (PEOs) Market Dynamics - Trends
13. Latin America Professional Employer Organizations (PEOs) Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Product Type Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Full Service PEO
13.1.2. ASO
13.1.3. Others
13.2. Deployment Mode Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. On-Premises
13.2.2. Cloud Based
13.3. Application Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Risk Management
13.3.2. Regulatory Compliance
13.3.3. Withholding & Taxation
13.3.4. Payroll Services
13.3.5. Human Capital Management
13.3.6. Insurance Services
13.3.7. Others
13.4. Organization Size Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Small Businesses
13.4.2. Medium Businesses
13.4.3. Large Businesses
13.5. Country Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Professional Employer Organizations (PEOs) Market - Opportunity Analysis Index, By Product Type, Deployment Mode, Application, Organization Size and Country, 2024 - 2030
13.7. Latin America Professional Employer Organizations (PEOs) Market Dynamics - Trends
14. Middle East and Africa Professional Employer Organizations (PEOs) Market Analysis, 2019-2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Product Type Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Full Service PEO
14.1.2. ASO
14.1.3. Others
14.2. Deployment Mode Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. On-Premises
14.2.2. Cloud Based
14.3. Application Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Risk Management
14.3.2. Regulatory Compliance
14.3.3. Withholding & Taxation
14.3.4. Payroll Services
14.3.5. Human Capital Management
14.3.6. Insurance Services
14.3.7. Others
14.4. Organization Size Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Small Businesses
14.4.2. Medium Businesses
14.4.3. Large Businesses
14.5. Country Analysis 2019-2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Professional Employer Organizations (PEOs) Market - Opportunity Analysis Index, By Product Type, Deployment Mode, Application, Organization Size and Country, 2024 - 2030
14.7. MEA Professional Employer Organizations (PEOs) Market Dynamics - Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Automatic Data Processing (ADP)
15.2.2. Insperity
15.2.3. TriNet
15.2.4. Paychex
15.2.5. TEL Staffing & HR
15.2.6. Oasis Outsourcing
15.2.7. Ahead Human Resources
15.2.8. Group Management Services (GMS)
15.2.9. Alcott HR
15.2.10. Total HR
15.2.11. Solid Business Solutions
15.2.12. CoAdvantage
15.2.13. FrankCrum
15.2.14. Premier Employer Services
15.2.15. XcelHR
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • 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

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