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Global Human Resource Outsourcing Market 2016-2020

Global Human Resource Outsourcing Market 2016-2020

About Human Resource Outsourcing

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.

Technavio’s 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.

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
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Human Resource Outsourcing Market 2016-2020Technavio recognizes the following companies as the key players in the Global Human Resource Outsourcing Market: Accenture, ADP, Aon Hewitt, IBM and Northgate Information Solutions. Other Prominent Vendors in the market are: Adecco, Affiliated Computer Services, Capgemini, Capita, Ceridian, CGI, Empower Software Solutions, Excellerate HRO, General Outsourcing, Genpact, HCL, Hexaware, HP, Mercer, MidlandHR, Neeyano, Paychex, PeopleStrong, Pinstripe, Randstad Holding, Talent2, TCS, TriCore, Ultimate Software, Wipro, WNS, Xerox, and Zalaris.Commenting on the report, an analyst from Technavio’s team said: “Cloud technology is revolutionizing the process of payroll outsourcing because of its capabilities to deliver high levels of productivity and business enhancement. Cost reduction, consolidated and transparent reporting, flexible payroll operations, reliability, scalability, and agility are some of the advantages offered by cloud-based outsourcing services.”According to the report, recruitment of new talents requires substantial investment involving time and cost for any company. Recruitment software automates the hiring process and helps companies reduce their overall cost involved in the process. This software also reduces the overall time taken by HR department to hire new talents.Further, the report states that some organizations may lose control over their HR functions after outsourcing, as they become too dependent on the outsourced agency, and the organization runs the risk of not being able to operate independently.

Companies Mentioned

Accenture, ADP, Aon Hewitt, IBM, Northgate Information Solutions, Adecco, Affiliated Computer Services, Capgemini, Capita, Ceridian, CGI, Empower Software Solutions, Excellerate HRO, General Outsourcing, Genpact, HCL, Hexaware, HP, Mercer, MidlandHR, Neeyano, Paychex, PeopleStrong, Pinstripe, Randstad Holding, Talent2, TCS, TriCore, Ultimate Software, Wipro, WNS, Xerox, Zalaris.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Economic overview
  • Market landscape
    • Market size and forecast
      • Table Global HRO market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global HRO market by end-user
      • Table Global HRO market by end-user 2015
      • Table Global HRO market by end-user 2020
    • BFSI
      • Table Global HRO market by BFSI segment 2015 and 2020 ($ billions)
    • Manufacturing
      • Table Global HRO market by manufacturing segment 2015 and 2020 ($ billions)
    • Services
      • Table Global HRO market by services segment 2015 and 2020 ($ billions)
    • Others
      • Table Global HRO market by others 2015 and 2020 ($ billions)
  • Geographical segmentation
    • Segmentation of global HRO market by geography
      • Table Segmentation of global HRO market by geography 2015
    • Americas
    • EMEA
    • APAC
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Accenture
      • Table Accenture: Business segmentation by revenue 2014
      • Table Accenture: Geographical segmentation by revenue 2014
    • ADP
      • Table ADP: Business segmentation by revenue 2015
      • Table ADP: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table ADP: Geographical segmentation by revenue 2015
    • Aon
      • Table Aon: Business segmentation by revenue 2014
      • Table Aon: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Aon: Geographical segmentation by revenue 2014
    • IBM
      • Table IBM: Business segmentation by revenue 2014
      • Table GTS segment by revenue 2013 and 2014 ($ billions)
      • Table GBS segment by revenue 2013 and 2014 ($ billions)
    • Northgate Information Solutions
      • Table Northgate Information Solutions: Business segmentation by revenue 2014
      • Table Northgate Information Solutions: Business segmentation by revenue 2013 and 2014 ($ millions)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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