Professional Employer Organizations Market: By Product Type By Deployment Mode, By Application By Orgnization Size and Geography
Professional Employer Organizations (PEOs) Market Size was valued at US$ 58 billion in 2023 growing at a significant CAGR of 10.9% during the forecast period 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.
Study Period
2024-30Base Year
2023CAGR
10.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year due to the presence of key market players and cloud-based adoption. Europe hold the second largest on perspective of additional services and technology advancements. Asia Pacific dominate the market with various arising business correspondence in different sector with rising disposable income.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-30 |
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Market Size in 2023 |
US$ 58 billion |
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Market CAGR |
10.9% |
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By Product Type |
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By Application |
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By Orgnization Size |
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The professional employer organizations (peos) market is projected to expand at a CAGR of 10.9% during the forecast period
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
| 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
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.
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