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Employment Services - Market Analysis, Trends, and Forecasts

  • ID: 338542
  • Report
  • February 2020
  • Region: Global
  • 104 Pages
  • Global Industry Analysts, Inc
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Employment Services market worldwide is projected to grow by US$269.5 Billion, driven by a compounded growth of 5.1%. Temporary Staffing/Agency Work, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$659 Billion by the year 2025, Temporary Staffing/Agency Work will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$12.8 Billion to the region's size and clout in the next 5 to 6 years. Over US$12.6 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Temporary Staffing/Agency Work will reach a market size of US$49.8 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5% over the next couple of years and add approximately US$47.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • 51job
  • Allegis Group Inc.
  • ADP LLC
  • Beijing Foreign Enterprise Human Resource Service Co. Ltd
  • CDI Corporation
  • Cielo Inc.
  • China International Talent Development Center
  • Hays Plc
  • Kelly Services Inc.
  • Korn/Ferry International
  • ManpowerGroup Inc.
  • Pasona 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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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

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

TABLE 1: Employment Services Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Employment Services Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Employment Services Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Temporary Staffing/Agency Work (Service Segment) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 5: Temporary Staffing/Agency Work (Service Segment) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 6: Temporary Staffing/Agency Work (Service Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Managed Service Provider (MSP) (Service Segment) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 8: Managed Service Provider (MSP) (Service Segment) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017

TABLE 9: Managed Service Provider (MSP) (Service Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

TABLE 10: Permanent Recruitment/Search & Placement (Service Segment) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 11: Permanent Recruitment/Search & Placement (Service Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017

TABLE 12: Permanent Recruitment/Search & Placement (Service Segment) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

TABLE 13: Other Service Segments (Service Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 14: Other Service Segments (Service Segment) Market Historic Review by Region/Country in US$ Million: 2009 to 2017

TABLE 15: 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

Market Analytics

TABLE 16: United States Employment Services Market Estimates and Projections in US$ Million by Service Segment: 2018 to 2025

TABLE 17: Employment Services Market in the United States by Service Segment: A Historic Review in US$ Million for 2009-2017

TABLE 18: United States Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025

CANADA

TABLE 19: Canadian Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018 to 2025

TABLE 20: Canadian Employment Services Historic Market Review by Service Segment in US$ Million: 2009-2017

TABLE 21: Employment Services Market in Canada: Percentage Share Breakdown of Sales by Service Segment for 2009, 2019, and 2025

JAPAN

TABLE 22: Japanese Market for Employment Services: Annual Sales Estimates and Projections in US$ Million by Service Segment for the Period 2018-2025

TABLE 23: Employment Services Market in Japan: Historic Sales Analysis in US$ Million by Service Segment for the Period 2009-2017

TABLE 24: Japanese Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025

CHINA

TABLE 25: Chinese Employment Services Market Growth Prospects in US$ Million by Service Segment for the Period 2018-2025

TABLE 26: Employment Services Historic Market Analysis in China in US$ Million by Service Segment: 2009-2017

TABLE 27: 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

Market Analytics

TABLE 28: European Employment Services Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 29: Employment Services Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 30: European Employment Services Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 31: European Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018-2025

TABLE 32: Employment Services Market in Europe in US$ Million by Service Segment: A Historic Review for the Period 2009-2017

TABLE 33: European Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025

FRANCE

TABLE 34: Employment Services Market in France by Service Segment: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 35: French Employment Services Historic Market Scenario in US$ Million by Service Segment: 2009-2017

TABLE 36: French Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025

GERMANY

TABLE 37: Employment Services Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Segment for the Period 2018-2025

TABLE 38: German Employment Services Historic Market Analysis in US$ Million by Service Segment: 2009-2017

TABLE 39: German Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025

ITALY

TABLE 40: Italian Employment Services Market Growth Prospects in US$ Million by Service Segment for the Period 2018-2025

TABLE 41: Employment Services Historic Market Analysis in Italy in US$ Million by Service Segment: 2009-2017

TABLE 42: Italian Employment Services Market by Service Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED KINGDOM

TABLE 43: United Kingdom Market for Employment Services: Annual Sales Estimates and Projections in US$ Million by Service Segment for the Period 2018-2025

TABLE 44: Employment Services Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Segment for the Period 2009-2017

TABLE 45: United Kingdom Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 46: Rest of Europe Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018-2025

TABLE 47: Employment Services Market in Rest of Europe in US$ Million by Service Segment: A Historic Review for the Period 2009-2017

TABLE 48: Rest of Europe Employment Services Market Share Breakdown by Service Segment: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 49: Employment Services Market in Asia-Pacific by Service Segment: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 50: Asia-Pacific Employment Services Historic Market Scenario in US$ Million by Service Segment: 2009-2017

TABLE 51: Asia-Pacific Employment Services Market Share Analysis by Service Segment: 2009 VS 2019 VS 2025

REST OF WORLD

TABLE 52: Rest of World Employment Services Market Estimates and Forecasts in US$ Million by Service Segment: 2018 to 2025

TABLE 53: Rest of World Employment Services Historic Market Review by Service Segment in US$ Million: 2009-2017

TABLE 54: 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: 447

Note: Product cover images may vary from those shown
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