Market Overview:
The global HR consulting service market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for HR consulting services from large enterprises and SMEs across different regions. Additionally, the growing adoption of online HR consulting services is also contributing to the growth of this market. However, lack of awareness about online HR consulting services among small businesses is restraining the growth of this market. North America dominates the global HR consulting service market, followed by Europe and Asia Pacific.
Product Definition:
A human resources consulting service is a professional service that helps organizations manage their employee-related issues. This can include anything from helping to develop and implement HR policies and procedures, to providing advice on how to handle specific employee relations situations, to acting as an outside consultant on HR projects.
Online Service:
Online service is a web-based application software that helps in managing day to day operations of an organization. It provides access to data from remote locations and allows the user to carry out multiple tasks simultaneously. The factors that propel the growth of online services include ease of accessibility, cost effectiveness, time efficiency and flexibility are few others.
Offline Service:
Offline service is a kind of support and maintenance services which includes repairing, recovering, restoring data from backup in the event of system crash or any other technical issues. It also helps to set up new systems or integrate additional software and hardware with the existing ones. Offline service includes consulting services related to hardware and software deployment for large enterprises as well as small & medium businesses (SMB).
Application Insights:
The large enterprises segment accounted for the largest market share in 2017. The segment is driven by the growing demand for customized solutions to manage complex work environments. Large enterprises usually have a global footprint and need to manage multiple teams across different geographies who require access to a wide range of information and resources from their remote locations. As a result, they opt for global human capital management services that offer them an efficient way of managing people, policies and projects across all offices globally.
SMEs are expected to be the fastest-growing application over the forecast period owing to increasing penetration of technology-enabled business solutions coupled with rising awareness about cost reduction initiatives at domestic level in emerging economies such as India, China and Brazil among others in Asia Pacific region.
Regional Analysis:
The market in the Asia Pacific region is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for human capital management solutions from small and medium enterprises (SMEs) in China, India, and other Asian countries. The global HR consulting services market is dominated by North America owing to the presence of numerous large enterprises as well as strong presence of several offshore software development centers located in U.S., Canada, and Mexico.
Asia Pacific regional market accounted for 31% share of overall revenue in 2017 owing to rising penetration of e-learning systems across various industries coupled with growing awareness about employee benefits offered by various HR consulting firms operating outsource service providers based within this region are driving growth within Asia Pacific regional market over the forecast period Large enterprises operating within Europe have been increasingly outsourcing their human resource activities including recruitment advertising jobs vacancies on career websites developing strategic plans for their business units that include expansion strategies acquisition new customers distribution channels pricing structures etc.
Growth Factors:
- Increasing demand for HR consulting services from small and medium-sized businesses
- Rapid growth of the freelance HR consultant market
- Proliferation of digital technologies that facilitate data-driven decision making
- Emergence of new service delivery models, such as crowdsourcing and cloud-based solutions
- Growing focus on workforce analytics and talent management
Scope Of The Report
Report Attributes
Report Details
Report Title
HR Consulting Service Market Research Report
By Type
Online Service, Offline Service
By Application
Large Enterprises, SMEs
By Companies
Zenefits, Lumity, Opine Consulting, Sequoia, Aflac Incorporated, Conduent, Haufe Group, Aadmi Consulting, AlphaStaff, Ann Houser Coaching and Consulting LLC, Aon Hewitt, JS Benefits Group, Bridge Human Resources, Change State, Deloitte, Development Dimensions International, Inc., Insperity, J.J. Keller & Associates, Inc., Oasis, Hunter & Thompson, SmartHR, Tandem, Xenium HR, 21Oak HR Consulting, Akin & Associates, AlignHR, Allen Communication, Allevity HR & Payroll, All Star HR, Allsup
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global HR Consulting Service Market Report Segments:
The global HR Consulting Service market is segmented on the basis of:
Types
Online Service, Offline Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zenefits
- Lumity
- Opine Consulting
- Sequoia
- Aflac Incorporated
- Conduent
- Haufe Group
- Aadmi Consulting
- AlphaStaff
- Ann Houser Coaching and Consulting LLC
- Aon Hewitt
- JS Benefits Group
- Bridge Human Resources
- Change State
- Deloitte
- Development Dimensions International, Inc.
- Insperity
- J.J. Keller & Associates, Inc.
- Oasis
- Hunter & Thompson
- SmartHR
- Tandem
- Xenium HR
- 21Oak HR Consulting
- Akin & Associates
- AlignHR
- Allen Communication
- Allevity HR & Payroll
- All Star HR
- Allsup
Highlights of The HR Consulting Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Service
- Offline Service
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HR Consulting Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HR Consulting Service is a company that provides HR consulting services to businesses. This includes helping companies with their human resources (HR) policies and procedures, as well as providing support during employee onboarding and training processes.
Some of the major companies in the hr consulting service market are Zenefits, Lumity, Opine Consulting, Sequoia, Aflac Incorporated, Conduent, Haufe Group, Aadmi Consulting, AlphaStaff, Ann Houser Coaching and Consulting LLC, Aon Hewitt, JS Benefits Group, Bridge Human Resources, Change State, Deloitte, Development Dimensions International, Inc., Insperity, J.J. Keller & Associates, Inc., Oasis, Hunter & Thompson, SmartHR, Tandem, Xenium HR, 21Oak HR Consulting, Akin & Associates, AlignHR, Allen Communication, Allevity HR & Payroll, All Star HR, Allsup.
The hr consulting service market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HR Consulting Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HR Consulting Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HR Consulting Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HR Consulting Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HR Consulting Service Market Size & Forecast, 2018-2028
4.5.1 HR Consulting Service Market Size and Y-o-Y Growth
4.5.2 HR Consulting Service Market Absolute $ Opportunity
Chapter 5 Global HR Consulting Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HR Consulting Service Market Size Forecast by Type
5.2.1 Online Service
5.2.2 Offline Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HR Consulting Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HR Consulting Service Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HR Consulting Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HR Consulting Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HR Consulting Service Analysis and Forecast
9.1 Introduction
9.2 North America HR Consulting Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HR Consulting Service Market Size Forecast by Type
9.6.1 Online Service
9.6.2 Offline Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HR Consulting Service Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HR Consulting Service Analysis and Forecast
10.1 Introduction
10.2 Europe HR Consulting Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HR Consulting Service Market Size Forecast by Type
10.6.1 Online Service
10.6.2 Offline Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HR Consulting Service Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HR Consulting Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HR Consulting Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HR Consulting Service Market Size Forecast by Type
11.6.1 Online Service
11.6.2 Offline Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HR Consulting Service Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HR Consulting Service Analysis and Forecast
12.1 Introduction
12.2 Latin America HR Consulting Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HR Consulting Service Market Size Forecast by Type
12.6.1 Online Service
12.6.2 Offline Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HR Consulting Service Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HR Consulting Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HR Consulting Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HR Consulting Service Market Size Forecast by Type
13.6.1 Online Service
13.6.2 Offline Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HR Consulting Service Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HR Consulting Service Market: Competitive Dashboard
14.2 Global HR Consulting Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zenefits
14.3.2 Lumity
14.3.3 Opine Consulting
14.3.4 Sequoia
14.3.5 Aflac Incorporated
14.3.6 Conduent
14.3.7 Haufe Group
14.3.8 Aadmi Consulting
14.3.9 AlphaStaff
14.3.10 Ann Houser Coaching and Consulting LLC
14.3.11 Aon Hewitt
14.3.12 JS Benefits Group
14.3.13 Bridge Human Resources
14.3.14 Change State
14.3.15 Deloitte
14.3.16 Development Dimensions International, Inc.
14.3.17 Insperity
14.3.18 J.J. Keller & Associates, Inc.
14.3.19 Oasis
14.3.20 Hunter & Thompson
14.3.21 SmartHR
14.3.22 Tandem
14.3.23 Xenium HR
14.3.24 21Oak HR Consulting
14.3.25 Akin & Associates
14.3.26 AlignHR
14.3.27 Allen Communication
14.3.28 Allevity HR & Payroll
14.3.29 All Star HR
14.3.30 Allsup
