Global Info Research announces the release of the report “Global Employer of Record Platform Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029” . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. In addition, the report provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
An Employer of Record (EOR) is a third-party organization that takes responsibility for all formal employment tasks on behalf of another company. The EOR allows companies to legally and efficiently engage with overseas workers either in a new country or state, without having to set up a local entity or risk violating local employment laws. Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively. Employer of Record is legally responsible for paying employees, including dealing with employee taxes, benefits, insurance, visa application, and sponsorship applications and a great many other transactions and operations concerning human resources. In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services. A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization. Some firms take Employer of Record (EOR) business same as PEO and we abide this attribution in corresponding situation.
According to our (Global Info Research) latest study, the global Employer of Record Platform market size was valued at USD 4423.6 million in 2022 and is forecast to a readjusted size of USD 6877.6 million by 2029 with a CAGR of 6.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The representative regions are North America, Europe and Asia-Pacific, with 94.21% market share in 2022. North America accounting for more than 40% market share currently, China has great development trend.
Market segment by Type, Aggregator Model, Wholly Owned Infrastructure Model
Market segment by Application, SMEs, Large Enterprises
Market segment by players, this report covers, Adecco, Randstad, Aquent, FoxHire, Infotree Global, Safeguard Global, Velocity Global, Globalization Partners, Shield GEO, Acumen International, Remote Team (Gusto), Deel, Remote Technology, Elements Global Services, Papaya Global, Universal Hires, CIIC, Links International, New Horizons Global Partners, Sky Executive
Key Features:
Global Employer of Record Platform market size and forecasts, in consumption value), sales quantity, and average selling prices, 2018-2029
Global Employer of Record Platform market size and forecasts by region and country, in consumption value, sales quantity, and average selling prices, 2018-2029
Global Employer of Record Platform market size and forecasts, by Type and by Application, in consumption value, sales quantity, and average selling prices, 2018-2029
Global Employer of Record Platform market shares of main players, shipments in revenue, sales quantity, and ASP, 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Employer of Record Platform
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Employer of Record Platform market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.
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The Main Contents of the Report, includes a total of 15 chapters:
Chapter 1, to describe Employer of Record Platform product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Employer of Record Platform, with price, sales, revenue and global market share of Employer of Record Platform from 2018 to 2023.
Chapter 3, the Employer of Record Platform competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Employer of Record Platform breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Employer of Record Platform market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Employer of Record Platform.
Chapter 14 and 15, to describe Employer of Record Platform sales channel, distributors, customers, research findings and conclusion.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the Employer of Record Platform market covers the following areas:
- Employer of Record Platform market sizing
- Employer of Record Platform market forecast
- Employer of Record Platform market industry analysis
- Analyze the needs of the global Employer of Record Platformbusiness market
- Answer the market level of global Employer of Record Platform
- Statistics the annual growth of the global Employer of Record Platformmarket
- The main producers of the global Employer of Record Platformmarket
- Describe the growth factor that promotes market demand
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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