Employment Services: Global Strategic Business Report

Report
376 Pages
April 2024
Region: Global
Global Industry Analysts, Inc
ID: 338542

Global Employment Services Market to Reach $4.9 Trillion by 2030

The global market for Employment Services estimated at US$1.4 Trillion in the year 2022, is projected to reach a revised size of US$4.9 Trillion by 2030, growing at a CAGR of 17.4% over the analysis period 2022-2030. Employment Placement Agencies, one of the segments analyzed in the report, is projected to record 15.5% CAGR and reach US$1.7 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Executive Search Services segment is readjusted to a revised 18.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $402.1 Billion, While China is Forecast to Grow at 16.9% CAGR

The Employment Services market in the U.S. is estimated at US$402.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$862.4 Billion by the year 2030 trailing a CAGR of 16.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 15% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Select Competitors (Total 247 Featured) -

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

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of COVID-19 Pandemic and a Looming Global Recession
Growing Role of Private Employment Services in Post COVID-19 Recovery
Employment Services: An Introduction
Global Market Outlook
Competition
Top Companies in Staffing Industry: Market Share Breakdown of Revenues for 2019
Consolidation Activity in Staffing Industry: A Review
Employment Services - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Structural Changes in Labor Market and Growing Skills Gap: Opportunity for Employment Service Providers
Shift towards Gig Economy Impacts Market Prospects
Worker Profile in Gig Economy: Gig Work Age Breakdown (in %)
Changing Demographic Mix Impacts Employment Services Industry
Working Age Population Worldwide by Region (in %) for 2000 and 2030
Big Data, Analytics & Digitization Trend Boosts Market Prospects
Blockchain Set to Revolutionize Staffing Industry
Temporary Staffing Services Drive Market Growth
Notable Trends in Staffing Industry
Staffing Companies Diversify Into New Non-Staffing Areas
Mobile & Social Recruiting Gains Prominence
Popular Social Media Sites for Job Seekers and Recruiters
Social Media Recruiting: % of Millennials Finding Past Positions through Social Media Sites
RPO Market: Focus on Core Competencies and the Resulting Need to Outsource Recruitment Processes Boosts Prospects
Global RPO Market Size in US$ Billion for the Years 2019, 2021, 2023 & 2025
Digital Technology to Transform Talent Acquisition
Rising Significance of Cloud-Based Recruiting
Employment Screening Market: Imperative Need to Verify Job Seekers' Credentials Drives Growth
Staffing Services for IT Industry: An Overview
Top IT Staffing Agencies
Healthcare Staffing Grows in Importance As Focus Turns to Boosting Healthcare Sector
US Healthcare Staffing Market Breakdown by Service (in %) for 2020E
Challenges Facing Employment Services Industry

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Employment Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Employment Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 3: World 16-Year Perspective for Employment Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for Employment Placement Agencies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Employment Placement Agencies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 6: World 16-Year Perspective for Employment Placement Agencies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for Executive Search Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Executive Search Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Executive Search Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for Professional Employer Organizations by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Professional Employer Organizations by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Professional Employer Organizations by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for Temporary Help Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for Temporary Help Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 15: World 16-Year Perspective for Temporary Help Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for Information & Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for Information & Technology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 18: World 16-Year Perspective for Information & Technology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for Banking & Financial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for Banking & Financial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 21: World 16-Year Perspective for Banking & Financial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 22: World Recent Past, Current & Future Analysis for Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 23: World Historic Review for Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 24: World 16-Year Perspective for Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 25: World Recent Past, Current & Future Analysis for Medical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 26: World Historic Review for Medical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 27: World 16-Year Perspective for Medical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 28: World Recent Past, Current & Future Analysis for Professional Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 29: World Historic Review for Professional Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 30: World 16-Year Perspective for Professional Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 33: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
Table 34: World Employment Services Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
Market Overview
Risk of Job Losses Due to COVID-19 Pandemic by Gender, Ethnicity and Race and Age in the US for 2019
Low-Wage Workers at High Risk of Job Loss due to COVID-19 Pandemic: Average Weekly Earnings of Workers by Industry (January 2020)
Healthcare Hiring in the US
Competition
Leading Staffing Companies in the US: Market Share of Top Companies for 2019

CANADA

JAPAN

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)

CHINA

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)

EUROPE

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
Market Overview

FRANCE

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)

GERMANY

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)

ITALY

UNITED KINGDOM

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)

REST OF EUROPE

ASIA-PACIFIC

Employment Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
India
Market Overview
Gig Economy to Influence Market Prospects
Breakdown of Companies Looking for Gig Workers by Sector

REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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

Table Information

Report Attribute	Details
No. of Pages	376
Published	April 2024
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 1.3 Trillion
Forecasted Market Value ( USD ) by 2027	$ 3.2 Trillion
Compound Annual Growth Rate	13.7%
Regions Covered	Global

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Global Employment Services Market to Reach $4.9 Trillion by 2030

The U.S. Market is Estimated at $402.1 Billion, While China is Forecast to Grow at 16.9% CAGR

Select Competitors (Total 247 Featured) -

What's New?

Table of Contents

Companies Mentioned (Partial List)

Table Information

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