Employer of Record Market

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.
Simply, a global employer of record, also known as an EOR, is a way to quickly add workers in new global markets without having to take on the cost and risk of establishing an entity in a foreign country.
Employer of Record Market contains market size and forecasts of Employer of Record in Global, including the following market information:

• Global Employer of Record Market Revenue, 2017-2022, 2023-2028, ($ millions)
• Global top five companies in 2021 (%)

The global Employer of Record market was valued at 4358.4 million in 2021 and is projected to reach US$ 6819.1 million by 2028, at a CAGR of 6.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-Line Service Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Employer of Record include FoxHire, Shield GEO Services, Safeguard Global, Velocity Global, ELEMENTS GLOBAL SERVICES, iWorkGlobal, Globalization Partners, New Horizons Global Partners and Universal Hires and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Employer of Record companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Employer of Record Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Employer of Record Market Segment Percentages, by Type, 2021 (%)

• On-Line Service
• Off-Line Service

Global Employer of Record Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Employer of Record Market Segment Percentages, by Application, 2021 (%)

• SMEs
• Large Enterprises

Global Employer of Record Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Employer of Record Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

To know more about market statistics, Download a FREE Sample copy

The report also provides analysis of leading market participants including:

• Key companies Employer of Record revenues in global market, 2017-2022 (estimated), ($ millions)
• Key companies Employer of Record revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• FoxHire
• Shield GEO Services
• Safeguard Global
• Velocity Global
• ELEMENTS GLOBAL SERVICES
• iWorkGlobal
• Globalization Partners
• New Horizons Global Partners
• Universal Hires
• InCorp Group