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Global International PEO and EOR Service Market Research Report 2022
SKU ID : QYR-20242746 | Publishing Date : 11-Feb-2022
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Market Analysis and Insights: Global International PEO and EOR Service Market
International PEO (Professional Employer Organization) is a flexible employment solution that enables businesses to employ workers in a foreign country, bypassing the need to first establish a legal entity before operating in that market. International PEO service providers support companies looking to expand their operations globally. They help companies gain a legal presence in foreign locations without having to establish their own legal entity and take on the associated risks. International PEO providers can assist with a company’s global hiring, HR, benefits, payroll, taxes, and compliance needs, among other needs.
Employer of Record (EOR) is an alternative payroll solution often provided by staffing companies. And they become a full legal employer of the payroll employee. The EOR handles timekeeping, payroll, compliance, benefits, unemployment claims, worker's comp, etc.
The global International PEO and EOR Service market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Professional Employer Organization (PEO) Services accounting for % of the International PEO and EOR Service global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Large Enterprises segment is altered to an % CAGR throughout this forecast period.
China International PEO and EOR Service market size is valued at US$ million in 2021, while the North America and Europe International PEO and EOR Service are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe International PEO and EOR Service landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global International PEO and EOR Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global International PEO and EOR Service market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global International PEO and EOR Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global International PEO and EOR Service market.
Global International PEO and EOR Service Scope and Market Size
International PEO and EOR Service market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global International PEO and EOR Service market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Professional Employer Organization (PEO) Services
Employer of Record (EOR) Services
Segment by Application
Large Enterprises
SMEs
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
By Company
Automatic Data Processing (ADP)
Acumen International
ELEMENTS GLOBAL SERVICES
EuroDev
Globalization Partners
Global Upside
iWorkGlobal
Mauve Group
New Horizons Global Partners
Papaya Global
PEO Worldwide
Safeguard Global
Shield GEO Services
Velocity Global
Global PEO
International PEO (Professional Employer Organization) is a flexible employment solution that enables businesses to employ workers in a foreign country, bypassing the need to first establish a legal entity before operating in that market. International PEO service providers support companies looking to expand their operations globally. They help companies gain a legal presence in foreign locations without having to establish their own legal entity and take on the associated risks. International PEO providers can assist with a company’s global hiring, HR, benefits, payroll, taxes, and compliance needs, among other needs.
Employer of Record (EOR) is an alternative payroll solution often provided by staffing companies. And they become a full legal employer of the payroll employee. The EOR handles timekeeping, payroll, compliance, benefits, unemployment claims, worker's comp, etc.
The global International PEO and EOR Service market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Professional Employer Organization (PEO) Services accounting for % of the International PEO and EOR Service global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Large Enterprises segment is altered to an % CAGR throughout this forecast period.
China International PEO and EOR Service market size is valued at US$ million in 2021, while the North America and Europe International PEO and EOR Service are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe International PEO and EOR Service landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global International PEO and EOR Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global International PEO and EOR Service market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global International PEO and EOR Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global International PEO and EOR Service market.
Global International PEO and EOR Service Scope and Market Size
International PEO and EOR Service market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global International PEO and EOR Service market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Professional Employer Organization (PEO) Services
Employer of Record (EOR) Services
Segment by Application
Large Enterprises
SMEs
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
By Company
Automatic Data Processing (ADP)
Acumen International
ELEMENTS GLOBAL SERVICES
EuroDev
Globalization Partners
Global Upside
iWorkGlobal
Mauve Group
New Horizons Global Partners
Papaya Global
PEO Worldwide
Safeguard Global
Shield GEO Services
Velocity Global
Global PEO
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
