Market Overview:
The global professional employer organizations (PEOs) market is expected to grow from USD 9.5 billion in 2018 to USD 21.8 billion by 2030, at a CAGR of 10.9% during the forecast period. The growth of the PEOs market can be attributed to the increasing demand for cloud-based PEO services and the growing number of small businesses and midsized businesses across the globe. However, lack of awareness about PEO services among small businesses and midsized businesses is a major restraining factor for the growth of this market. Based on type, the global PEOs market is segmented into online PEOs and cloud-based PEOs. The online PEOs segment is expected to account for a larger share than the cloud-basedPEOsegment duringthe forecast period owingto its lowcoststructureand easy accessibilityto users worldwide .
 Industry Outlook.svg)
Product Definition:
Professional Employer Organizations (PEOs) are companies that provide outsourced human resources management services to small and mid-size businesses. PEOs offer a range of services, including payroll processing, benefits administration, workers' compensation coverage, and HR consulting. By using a PEO, business owners can streamline their HR operations and get access to expert advice on employment law and other HR issues.
Online:
Online, also known as digital or web-based, is a method of delivering services or products using electronic media. The online channel has witnessed significant growth over the past few years and this trend is expected to continue over the forecast period. The major driving factors responsible for online’s growth include increasing internet penetration and growing usage of smartphones & tablets across the globe. Furthermore, technological advancements such as cloud computing are also expected to fuel market demand in near future.
Cloud-based:
Cloud-based services are those provided over the internet and are hosted by third-party service providers. These solutions offer various advantages such as on-demand availability of computing resources, easy accessibility from any location, and cost efficiency to organizations. The growing demand for mobility in enterprises is expected to be a key factor driving the growth of cloud based services market during the forecast period.
Application Insights:
The small businesses segment held the largest share of over 60.0% in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing penetration of e-commerce and digital platforms, growing demand for logistics services, and rising number of startups in various countries worldwide. In addition, factors such as favorable government policies promoting SMEs are also expected to drive the market growth over the forecast period.
PEOs provide a full range of benefits including medical & dental coverage, disability insurance, vacation time off (TTOP), retirement savings plans (RSP), profit sharing plans (PSP), flexible spending accounts (FSAs) among others depending upon agreement between company and employee.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to factors such as increasing adoption of technology, growing small and medium-sized businesses, and rising demand for outsourcing services among SMEs in North America. Moreover, presence of a large number of professional employer organizations (PEOs) that offer benefits such as lower costs and greater flexibility is also expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for PEO services from small and medium-sized businesses (SMBs) due to the growing complexity of employment laws and regulations.
- The increasing trend of outsourcing HR functions by large enterprises to reduce costs and improve efficiency.
- Rapid growth in the number of self-employed professionals and independent contractors, who are often looking for assistance with benefits administration, payroll processing, and other HR services.
- Growing awareness among business owners about the benefits of using a PEO, such as reduced administrative costs, improved compliance with employment laws, and access to specialized expertise in HR management.
- The increasing use of cloud-based technologies that allow PEOs to provide their services remotely via the internet
Scope Of The Report
Report Attributes
Report Details
Report Title
Professional Employer Organizations (PEOs) Market Research Report
By Type
Online, Cloud-based
By Application
Small Businesses, Midsized Businesses, Large Businesses
By Companies
Automatic Data Processing (ADP), Insperity, TriNet, Paychex, TEL Staffing & HR, Oasis Outsourcing, Ahead Human Resources, Group Management Services (GMS), Alcott HR, Total HR, Algentis, CoAdvantage, FrankCrum, Premier Employer Services, XcelHR, Abel, AccessPoint, Acadia HR, Emplicity, Employer Solutions Group, Human Capital, Justworks, OneSource Business Solutions, Pinnacle PEO, Synergy HR
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Professional Employer Organizations (PEOs) Market Report Segments:
The global Professional Employer Organizations (PEOs) market is segmented on the basis of:
Types
Online, Cloud-based
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
Small Businesses, Midsized Businesses, Large Businesses
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:
- Automatic Data Processing (ADP)
- Insperity
- TriNet
- Paychex
- TEL Staffing & HR
- Oasis Outsourcing
- Ahead Human Resources
- Group Management Services (GMS)
- Alcott HR
- Total HR
- Algentis
- CoAdvantage
- FrankCrum
- Premier Employer Services
- XcelHR
- Abel
- AccessPoint
- Acadia HR
- Emplicity
- Employer Solutions Group
- Human Capital
- Justworks
- OneSource Business Solutions
- Pinnacle PEO
- Synergy HR
 Market Overview.svg)
Highlights of The Professional Employer Organizations (PEOs) 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
- Cloud-based
- By Application:
- Small Businesses
- Midsized Businesses
- Large Businesses
- 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 Professional Employer Organizations (PEOs) 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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 Market Statistics.svg)
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?
A Professional Employer Organizations (PEO) is a company that provides administrative and support services to employers, such as payroll, benefits administration, human resources management and employee training. PEOs can also provide specialized consulting services to help businesses save money on their operations.
Some of the major players in the professional employer organizations (peos) market are Automatic Data Processing (ADP), Insperity, TriNet, Paychex, TEL Staffing & HR, Oasis Outsourcing, Ahead Human Resources, Group Management Services (GMS), Alcott HR, Total HR, Algentis, CoAdvantage, FrankCrum, Premier Employer Services, XcelHR, Abel, AccessPoint, Acadia HR, Emplicity, Employer Solutions Group, Human Capital, Justworks, OneSource Business Solutions, Pinnacle PEO, Synergy HR.
The professional employer organizations (peos) market is expected to register a CAGR of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size & Forecast, 2018-2028
4.5.1 Professional Employer Organizations (PEOs) Market Size and Y-o-Y Growth
4.5.2 Professional Employer Organizations (PEOs) Market Absolute $ Opportunity
Chapter 5 Global Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size Forecast by Type
5.2.1 Online
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size Forecast by Applications
6.2.1 Small Businesses
6.2.2 Midsized Businesses
6.2.3 Large Businesses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Analysis and Forecast
9.1 Introduction
9.2 North America Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size Forecast by Type
9.6.1 Online
9.6.2 Cloud-based
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 Professional Employer Organizations (PEOs) Market Size Forecast by Applications
9.10.1 Small Businesses
9.10.2 Midsized Businesses
9.10.3 Large Businesses
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 Professional Employer Organizations (PEOs) Analysis and Forecast
10.1 Introduction
10.2 Europe Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size Forecast by Type
10.6.1 Online
10.6.2 Cloud-based
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 Professional Employer Organizations (PEOs) Market Size Forecast by Applications
10.10.1 Small Businesses
10.10.2 Midsized Businesses
10.10.3 Large Businesses
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 Professional Employer Organizations (PEOs) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size Forecast by Type
11.6.1 Online
11.6.2 Cloud-based
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 Professional Employer Organizations (PEOs) Market Size Forecast by Applications
11.10.1 Small Businesses
11.10.2 Midsized Businesses
11.10.3 Large Businesses
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 Professional Employer Organizations (PEOs) Analysis and Forecast
12.1 Introduction
12.2 Latin America Professional Employer Organizations (PEOs) 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 Professional Employer Organizations (PEOs) Market Size Forecast by Type
12.6.1 Online
12.6.2 Cloud-based
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 Professional Employer Organizations (PEOs) Market Size Forecast by Applications
12.10.1 Small Businesses
12.10.2 Midsized Businesses
12.10.3 Large Businesses
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) Professional Employer Organizations (PEOs) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Professional Employer Organizations (PEOs) 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) Professional Employer Organizations (PEOs) Market Size Forecast by Type
13.6.1 Online
13.6.2 Cloud-based
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) Professional Employer Organizations (PEOs) Market Size Forecast by Applications
13.10.1 Small Businesses
13.10.2 Midsized Businesses
13.10.3 Large Businesses
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 Professional Employer Organizations (PEOs) Market: Competitive Dashboard
14.2 Global Professional Employer Organizations (PEOs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Automatic Data Processing (ADP)
14.3.2 Insperity
14.3.3 TriNet
14.3.4 Paychex
14.3.5 TEL Staffing & HR
14.3.6 Oasis Outsourcing
14.3.7 Ahead Human Resources
14.3.8 Group Management Services (GMS)
14.3.9 Alcott HR
14.3.10 Total HR
14.3.11 Algentis
14.3.12 CoAdvantage
14.3.13 FrankCrum
14.3.14 Premier Employer Services
14.3.15 XcelHR
14.3.16 Abel
14.3.17 AccessPoint
14.3.18 Acadia HR
14.3.19 Emplicity
14.3.20 Employer Solutions Group
14.3.21 Human Capital
14.3.22 Justworks
14.3.23 OneSource Business Solutions
14.3.24 Pinnacle PEO
14.3.25 Synergy HR
