Global HR Services Market Analysis 2023-2028: Digital & Automotive Investments, Cloud-based HR Services, and Reshoring are Key Trends Being Witnessed – ResearchAndMarkets.com

DUBLIN–( BUSINESS WIRE )–The “Global HR Services Market Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering. “Global HR Services Market Forecast up to 2028” Tweet this The global HR services market, valued at US$581.22 billion in 2022, is expected to reach US$1 trillion by 2028. The growth of the HR services market is driven by factors such as the increase in the working-age population, rapid urbanization, population growth, and the adoption of HR analytics and automation. However, skill scarcity poses a significant challenge in meeting the changing demands of clients. HR service providers are embracing artificial intelligence (AI) and automation to improve efficiency, enhance candidate screening, and provide data-driven insights. The COVID-19 pandemic had a significant impact on the HR services market, with companies implementing cost-cutting measures and reducing demand for recruitment and onboarding services due to economic uncertainties. Remote work arrangements and a shift in priorities towards crisis management and employee well-being also affected the market. The market is segmented into general staffing, professional staffing, and executive search services. General staffing, which involves outsourcing staffing operations, accounted for the majority of the market share in 2022. On the other hand, professional staffing, offering access to experts in fields such as data analytics and legal compliance, is expected to have the fastest growth rate. Geographically, North America dominated the HR services market in 2022, with HR service providers offering specific knowledge and expertise in compliance management. Organizations in North America prioritize employee experience and focus on diversity, equity, and inclusion (DEI) initiatives. Outsourcing HR services allows businesses to concentrate on core capabilities and strategic projects. Key players in the global HR services market include Automatic Data Processing, ManpowerGroup, Randstad, The Adecco Group, Robert Half International, and Kelly Services, among others. These companies invest in strategic initiatives and introduce new services to maintain a competitive edge. Recent developments include acquisitions, partnerships, and optimization of human capital management (HCM) systems. In conclusion, the HR services market plays a vital role in delivering HR solutions to organizations worldwide. With a focus on innovation, technology, and meeting evolving client needs, HR service providers are poised to drive the market’s growth in the coming years. Key Topics Covered 1. Executive Summary 2. Introduction 2.1 HR Services: An Overview 2.1.1 Advantages of Outsourcing HR Services 2.2 HR Services Segmentation: An Overview 2.2.1 HR Services Segmentation 3. Global Market Analysis 3.1 Global HR Services Market: An Analysis 3.1.1 Global HR Services Market: An Overview 3.1.2 Global HR Services Market by Value 3.1.3 Global HR Services Market by Type (General Staffing, Professional Staffing and Executive Search) 3.1.4 Global HR Services Market by Region (North America, Europe, Asia Pacific and Rest of the World) 3.2 Global HR Services Market: Type Analysis 3.2.1 Global HR Services Market by Type: An Overview 3.2.2 Global General Staffing HR Services Market by Value 3.2.3 Global Professional Staffing HR Services Market by Value 3.2.4 Global Executive Search HR Services Market by Value 4. Regional Market Analysis 4.1 North America HR Services Market: An Analysis 4.2 Europe HR Services Market: An Analysis 4.3 Asia Pacific HR Services Market: An Analysis 4.4 Rest of the World HR Services Market: An Analysis 5. Impact of COVID-19 5.1 Impact of COVID-19 5.1.1 Impact of COVID-19 on HR Services 5.1.2 Post COVID Impact 6. Market Dynamics 6.1 Growth Drivers 6.1.1 Rapid Urbanization 6.1.2 Surge in Freelancing 6.1.3 Augmenting Labor Force 6.1.4 Expanding Temporary Staffing 6.1.5 Regulations 6.1.6 Increased Adoption of HR Analytics and Predictive Insights 6.2 Challenges 6.2.1 Skill Shortage 6.2.2 Changing Workforce Dynamics 6.3 Market Trends 6.3.1 Adoption of Artificial Intelligence (AI) and Automation 6.3.2 Focus on Diversity, Equity, and Inclusion (DEI) 6.3.3 Digital and Automotive Investments 6.3.4 Cloud-based HR Services 6.3.5 Reshoring 7. Competitive Landscape 7.1 Global HR Services Players by Market Share 7.2 Global Staffing Players by Market Share 7.3 The US Staffing Players by Market Share 7.4 France Staffing Players by Market Share 7.5 Netherlands Staffing Players by Market Share 8. Company Profiles 8.1 Automatic Data Processing, Inc. 8.1.1 Business Overview 8.1.2 Operating Segments 8.1.3 Business Strategy 8.2 ManpowerGroup Inc. 8.3 Randstad NV 8.4 The Adecco Group AG 8.5 Robert Half International Inc. 8.6 Hays PLC 8.7 Kelly Services, Inc. 8.8 TrueBlue, Inc. 8.9 Allegis Group 8.10 Paychex, Inc. 8.11 Spectraforce For more information about this report visit https://www.researchandmarkets.com/r/92fb0e About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top […]

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