VALIDATED EXECUTIVE ENGAGEMENTS
POOL + OUTREACH
10183
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Interactions with Platform & by Email
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VALIDATIONS
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Responses Validated*
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DATE
JULY 2020
TABLES
60
PAGES
537
EDITION
16
PRICE
USD $5600
Tapping into New Geographical Markets is a Great Way to Grow!
What's Your Addressable Opportunity in the Employment Services Market?
Amid the COVID-19 crisis, the global market for Employment Services estimated at US$680.7 Billion in the year 2020, is projected to reach a revised size of US$898 Billion by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. Temporary Staffing/Agency Work, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$645.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Managed Service Provider (MSP) segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
The Employment Services market in the U.S. is estimated at US$200.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$159.5 Billion by the year 2027 trailing a CAGR of 3.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
In the global Permanent Recruitment/Search & Placement segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$36.8 Billion in the year 2020 will reach a projected size of US$52.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$103.1 Billion by the year 2027.We bring years of research experience to this 16th edition of our report. The 537-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
51job; ADP LLC; Allegis Group Inc.; Beijing Foreign Enterprise Human Resource Service Co. Ltd; CDI Corporation; China International Talent Development Center; Cielo Inc.; Hays Plc; Kelly Services Inc.; Korn/Ferry International; ManpowerGroup Inc.; Poolia AB; Randstad Holding NV; Recruit Holdings Co. Ltd.; Robert Half International Inc.; Synergie SA; The Adecco Group
» Service Segment (Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement, Other Service Segments)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
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05
| I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Recent Market Activity |
| Employment Services: Helping Employers Secure Human Resources with the Highest Core Competencies |
| Global Market Outlook |
| With Global Megatrends Transforming the Workforce Landscape, Employment Services Providers Grow in Prominence than Ever Before |
| Economic and Geopolitical Uncertainty |
| Shift towards Gig Economy |
| Growing Skills Imbalances |
| Changing Demographic Mix |
| Automation, Machine Learning and Artificial Intelligence |
| Digitization, Big Data & Analytics |
| Emerging Markets: The New Growth Engine for the Global Employment Services Market |
| Temporary Staffing Services Dominate Global Employment Services Industry |
| Myriad Benefits Offered by Temporary/Agency Staffing Drive Market Penetration |
| Temporary Jobs: An Important Barometer for a Country’s Economic Health |
| Economic Recovery Provides an Impetus to Global Employment Services Market |
| Global Competitor Market Shares |
| Employment Services Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| 51job (China) |
| Allegis Group, Inc. (USA) |
| ADP, LLC (USA) |
| Beijing Foreign Enterprise Human Resource Service Co., Ltd (China) |
| CDI Corporation (USA) |
| Cielo, Inc. (USA) |
| China International Talent Development Center (China) |
| Hays Plc (UK) |
| Kelly Services, Inc. (USA) |
| Korn/Ferry International (USA) |
| ManpowerGroup, Inc. (USA) |
| Right Management Consultants, Inc |
| Morson Group (UK) |
| Anderselite Ltd. (UK) |
| Pasona, Inc. (Japan) |
| Poolia AB (Sweden) |
| Randstad Holding NV (The Netherlands) |
| Recruit Holdings Co., Ltd. (Japan) |
| Recruit Global Staffing (The Netherlands) |
| Robert Half International, Inc. (USA) |
| Synergie SA (France) |
| The Adecco Group (Switzerland) |
| Adecco Staffing USA (USA) |
| Ajilon (USA) |
| Lee Hecht Harrison, LLC (USA) |
| 3. MARKET TRENDS & DRIVERS |
| Structural Changes in Labor Market and Growing Skills Gap: Opportunity for Employment Service Providers |
| Major Trends in the Staffing Industry |
| Talent Shortage |
| Remote & Flexible Workforce Models |
| Focus on Soft Skills |
| Automation & AI |
| Leveraging Data for Strategic Workforce Planning |
| Focus on Staff Technology |
| Employee Experience |
| Rise of Mobile & Social Recruiting |
| Growing Prominence of Agile and Flexible Workforce Lends Traction to Employment Services Market |
| Increasing Focus on Core Competencies and the Resulting Need to Outsource Recruitment Processes Drive Healthy Growth in RPO Market |
| Important Factors Driving Growth in the RPO Market |
| Comparison with Other Models |
| Drawbacks of RPO Model |
| Rising Significance of Next Generation Technologies for RPO Providers |
| Emerging Use Cases of Digital Technologies in Talent Acquisition |
| RPO Sector Registers Growth in Number of Deals |
| Offshoring of RPO Services Picks Up Pace |
| Talent Acquisition & Retention: Changing Definition of RPOs |
| RPO Penetration in Small and Mid-Size Companies Gains Momentum |
| Despite Cannibalization by Online Hiring, Recruitment Agencies Continue to Sustain Growth Momentum |
| Transforming Social Networking Landscape Benefits Employment Services Industry |
| Smart Data Technologies and Other Technology Advancements Offer Lucrative Opportunities for Public Employment Services |
| Big Data: The Game Changer in Recruitment Space |
| Rising Popularity of Cloud-Based Recruitment Software Augurs Well for the Market |
| Digital Strategies Facilitate in Enhancing Efficiency of Recruitment Process |
| Expanding Workforce Solution Offerings by Employment Service Providers Benefit Market Growth |
| The Essential Nature of Employment Services in Addressing Undeclared, Illegal Work Bodes Well for Market Adoption |
| Rising Need for Labor Mobility to Offset Anti-Immigrant Sentiments Favors Market Demand |
| Employment Screening Market: Imperative Need to Verify Job Seekers' Credentials Drives Growth |
| Exponential Increase in Urban Population & Expanding Middle Class: Mega Trends Strengthening Market Prospects |
| 4. GLOBAL MARKET PERSPECTIVE |
| Employment Services Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Employment Services Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017 |
| Employment Services Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Temporary Staffing/Agency Work (Service Segment) World Market by Region/Country in US$ Million: 2018 to 2025 |
| Temporary Staffing/Agency Work (Service Segment) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017 |
| Temporary Staffing/Agency Work (Service Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Managed Service Provider (MSP) (Service Segment) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025 |
| Managed Service Provider (MSP) (Service Segment) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017 |
| Managed Service Provider (MSP) (Service Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025 |
| Permanent Recruitment/Search & Placement (Service Segment) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025 |
| Permanent Recruitment/Search & Placement (Service Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017 |
| Permanent Recruitment/Search & Placement (Service Segment) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025 |
| Other Service Segments (Service Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025 |
| Other Service Segments (Service Segment) Market Historic Review by Region/Country in US$ Million: 2009 to 2017 |
| Other Service Segments (Service Segment) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025 |
| III. MARKET ANALYSIS |
| GEOGRAPHIC MARKET ANALYSIS |
| United States |
| Market Facts & Figures |
| US Employment Services Market Share (in %) by Company: 2020 & 2025 |
| United States Employment Services Market Estimates and Projections in US$ Million by Service Segment: 2018 to 2025 |
| Employment Services Market in the United States by Service Segment: A Historic Review in US$ Million for 2009-2017 |
| United States Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018 to 2025 |
| Canadian Employment Services Historic Market Review by Service Segment in US$ Million: 2009-2017 |
| Employment Services Market in Canada: Percentage Share Breakdown of Sales by Service Segment for 2009, 2019, and 2025 |
| Japan |
| Japanese Market for Employment Services: Annual Sales Estimates and Projections in US$ Million by Service Segment for the Period 2018-2025 |
| Employment Services Market in Japan: Historic Sales Analysis in US$ Million by Service Segment for the Period 2009-2017 |
| Japanese Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| China |
| Chinese Employment Services Market Growth Prospects in US$ Million by Service Segment for the Period 2018-2025 |
| Employment Services Historic Market Analysis in China in US$ Million by Service Segment: 2009-2017 |
| Chinese Employment Services Market by Service Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| Europe |
| Market Facts & Figures |
| European Employment Services Market: Competitor Market Share Scenario (in %) for 2020 & 2025 |
| European Employment Services Market Demand Scenario in US$ Million by Region/Country: 2018-2025 |
| Employment Services Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017 |
| European Employment Services Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018-2025 |
| Employment Services Market in Europe in US$ Million by Service Segment: A Historic Review for the Period 2009-2017 |
| European Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| France |
| Employment Services Market in France by Service Segment: Estimates and Projections in US$ Million for the Period 2018-2025 |
| French Employment Services Historic Market Scenario in US$ Million by Service Segment: 2009-2017 |
| French Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| Germany |
| Employment Services Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Segment for the Period 2018-2025 |
| German Employment Services Historic Market Analysis in US$ Million by Service Segment: 2009-2017 |
| German Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Employment Services Market Growth Prospects in US$ Million by Service Segment for the Period 2018-2025 |
| Employment Services Historic Market Analysis in Italy in US$ Million by Service Segment: 2009-2017 |
| Italian Employment Services Market by Service Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Kingdom |
| United Kingdom Market for Employment Services: Annual Sales Estimates and Projections in US$ Million by Service Segment for the Period 2018-2025 |
| Employment Services Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Segment for the Period 2009-2017 |
| United Kingdom Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018-2025 |
| Employment Services Market in Rest of Europe in US$ Million by Service Segment: A Historic Review for the Period 2009-2017 |
| Rest of Europe Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Employment Services Market in Asia-Pacific by Service Segment: Estimates and Projections in US$ Million for the Period 2018-2025 |
| Asia-Pacific Employment Services Historic Market Scenario in US$ Million by Service Segment: 2009-2017 |
| Asia-Pacific Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025 |
| Rest of World |
| Rest of World Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018 to 2025 |
| Rest of World Employment Services Historic Market Review by Service Segment in US$ Million: 2009-2017 |
| Employment Services Market in Rest of World: Percentage Share Breakdown of Sales by Service Segment for 2009, 2019, and 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 236 Click here to request a full table of contents and more details on this project. |
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