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Employment Services - Global Market Trajectory & Analytics

  • ID: 338542
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 51job
  • Allegis Group Inc.
  • Cielo Inc.
  • Kelly Services Inc.
  • ManpowerGroup Inc.
  • Randstad Holding NV
Global Employment Services Market to Reach $898 Billion by 2027

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 U.S. Market is Estimated at $200.3 Billion, While China is Forecast to Grow at 3.8% CAGR

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.

Permanent Recruitment/Search & Placement Segment to Record 5.2% 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.

Select Competitors (Total 447 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 51job
  • Allegis Group Inc.
  • Cielo Inc.
  • Kelly Services Inc.
  • ManpowerGroup Inc.
  • Randstad Holding NV
I. METHODOLOGY

II. 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
  • Exhibit 1: Top Companies in Staffing Industry: Market Share Breakdown of Revenues for 2019
  • Consolidation Activity in Staffing Industry: A Review
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
  • Exhibit 2: Worker Profile in Gig Economy: Gig Work Age Breakdown (in %)
  • Changing Demographic Mix Impacts Employment Services Industry
  • Exhibit 3: 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
  • Exhibit 4: Popular Social Media Sites for Job Seekers and Recruiters
  • Exhibit 5: 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
  • Exhibit 6: 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
  • Exhibit 7: US Healthcare Staffing Market Breakdown by Service (in %) for 2020E
  • Challenges Facing Employment Services Industry
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World 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 2020 through 2027 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 2012 through 2019 and % CAGR
  • Table 3: World 15-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 2012, 2020 & 2027
  • Table 4: World Current & Future Analysis for Temporary Staffing/Agency Work 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 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Temporary Staffing/Agency Work 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 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Temporary Staffing/Agency Work by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 7: World Current & Future Analysis for Managed Service Provider (MSP) 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 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Managed Service Provider (MSP) 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 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Managed Service Provider (MSP) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 10: World Current & Future Analysis for Permanent Recruitment/Search & Placement 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 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Permanent Recruitment/Search & Placement 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 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Permanent Recruitment/Search & Placement by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 13: World Current & Future Analysis for Other Service Segments 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 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Other Service Segments 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 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Other Service Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Exhibit 8: Risk of Job Losses Due to COVID-19 Pandemic by Gender, Ethnicity and Race and Age in the US for 2019
  • Exhibit 9: 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
  • Exhibit 10: Leading Staffing Companies in the US: Market Share of Top Companies for 2019
  • Table 16: USA Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 17: USA Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: USA 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • CANADA
  • Table 19: Canada Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Canada Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: Canada 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • JAPAN
  • Table 22: Japan Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 23: Japan Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: Japan 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • CHINA
  • Table 25: China Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: China Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 27: China 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • EUROPE
  • Market Overview
  • Table 28: Europe Current & Future Analysis for Employment Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 29: Europe Historic Review for Employment Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 30: Europe 15-Year Perspective for Employment Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • Table 31: Europe Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Europe Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 33: Europe 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • FRANCE
  • Table 34: France Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 35: France Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 36: France 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • GERMANY
  • Table 37: Germany Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: Germany Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 39: Germany 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • ITALY
  • Table 40: Italy Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 41: Italy Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 42: Italy 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • UNITED KINGDOM
  • Table 43: UK Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: UK Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 45: UK 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • REST OF EUROPE
  • Table 46: Rest of Europe Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 47: Rest of Europe Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 48: Rest of Europe 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • ASIA-PACIFIC
  • India
  • Market Overview
  • Gig Economy to Influence Market Prospects
  • Exhibit 11: Breakdown of Companies Looking for Gig Workers by Sector
  • Table 49: Asia-Pacific Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Asia-Pacific Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 51: Asia-Pacific 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
  • REST OF WORLD
  • Table 52: Rest of World Current & Future Analysis for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 53: Rest of World Historic Review for Employment Services by Service Segment - Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 54: Rest of World 15-Year Perspective for Employment Services by Service Segment - Percentage Breakdown of Value Sales for Temporary Staffing/Agency Work, Managed Service Provider (MSP), Permanent Recruitment/Search & Placement and Other Service Segments for the Years 2012, 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 447
Note: Product cover images may vary from those shown
  • 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
Note: Product cover images may vary from those shown
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