A PEO is an HR outsourcing company that partners with SMBs under a co-employment model. In this model, HR responsibilities are shared by the business owner and the PEO. While business owners retain management rights over their employees, PEOs assume an administrative role for handling functions such as payroll, benefits, regulatory compliance, taxes, and training and development.
PEO Services Market contains market size and forecasts of PEO Services in Global, including the following market information:
- Global PEO Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global PEO Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
- The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
- Online service Segment to Reach $ Million by 2028, with a % CAGR in next six years.
- The global key manufacturers of PEO Services include Justworks, UZIO, PeopleStrategy, Ramco HCM, PlatinumHR, Tandem HR, XcelHR, Engage PEO and Optimum, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
- We surveyed the PEO Services 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 PEO Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global PEO Services Market Segment Percentages, by Type, 2021 (%)
- Online service
- Offline service
Global PEO Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global PEO Services Market Segment Percentages, by Application, 2021 (%)
Global PEO Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global PEO Services 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
The report also provides analysis of leading market participants including:
- Key companies PEO Services revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies PEO Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Justworks
- UZIO
- PeopleStrategy
- Ramco HCM
- PlatinumHR
- Tandem HR
- XcelHR
- Engage PEO
- Optimum
- LandrumHR
- Harvard PEO
- MMC
- Oasis
- AcadiaHR
- Modern HR
Industry Market Size
