Global Employer of Record Services Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Page: 124

Published Date: 18 Mar 2023

Category: Service & Software

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Description
Table of Contents
Table of Figures
Research Methodology
Related Reports
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Description

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. Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively. Employer of Record is legally responsible for paying employees, including dealing with employee taxes, benefits, insurance, visa application, and sponsorship applications and a great many other transactions and operations concerning human resources. In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services. A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization. Some firms take Employer of Record (EOR) business same as PEO and we abide this attribution in corresponding situation.

According to our (Global Info Research) latest study, the global Employer of Record Services market size was valued at USD 131.9 million in 2022 and is forecast to a readjusted size of USD 205 million by 2029 with a CAGR of 6.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Important employer of record services players in Global Market include Adecco, Randstad and Aquent, hold a share around 10%. North America is the largest market, occupied for around 40 percent. In term of type, aggregator model is the biggest segment with around 70% market share, in terms of end users, SMEs are the largest downstream market with a share about 70%.

This report is a detailed and comprehensive analysis for global Employer of Record Services market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:
Global Employer of Record Services market size and forecasts, in consumption value ($ Million), 2018-2029
Global Employer of Record Services market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Employer of Record Services market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Employer of Record Services market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Employer of Record Services
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Employer of Record Services market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Adecco, Randstad, Aquent, FoxHire and Infotree Global, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market segmentation
Employer of Record Services market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
    Aggregator Model
    Wholly Owned Infrastructure Model

Market segment by Application
    SMEs
    Large Enterprises

Market segment by players, this report covers
    Adecco
    Randstad
    Aquent
    FoxHire
    Infotree Global
    Safeguard Global
    Velocity Global
    Globalization Partners
    Shield GEO
    Acumen International
    Remote Team (Gusto)
    Deel
    Remote Technology
    Elements Global Services
    Papaya Global
    Universal Hires
    CIIC
    Links International
    New Horizons Global Partners
    Sky Executive

Market segment by regions, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
    South America (Brazil, Argentina and Rest of South America)
    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Employer of Record Services product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Employer of Record Services, with revenue, gross margin and global market share of Employer of Record Services from 2018 to 2023.
Chapter 3, the Employer of Record Services competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Employer of Record Services market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Employer of Record Services.
Chapter 13, to describe Employer of Record Services research findings and conclusion.

Table of Contents

1 Market Overview
    1.1 Product Overview and Scope of Employer of Record Services
    1.2 Market Estimation Caveats and Base Year
    1.3 Classification of Employer of Record Services by Type
        1.3.1 Overview: Global Employer of Record Services Market Size by Type: 2018 Versus 2022 Versus 2029
        1.3.2 Global Employer of Record Services Consumption Value Market Share by Type in 2022
        1.3.3 Aggregator Model
        1.3.4 Wholly Owned Infrastructure Model
    1.4 Global Employer of Record Services Market by Application
        1.4.1 Overview: Global Employer of Record Services Market Size by Application: 2018 Versus 2022 Versus 2029
        1.4.2 SMEs
        1.4.3 Large Enterprises
    1.5 Global Employer of Record Services Market Size & Forecast
    1.6 Global Employer of Record Services Market Size and Forecast by Region
        1.6.1 Global Employer of Record Services Market Size by Region: 2018 VS 2022 VS 2029
        1.6.2 Global Employer of Record Services Market Size by Region, (2018-2029)
        1.6.3 North America Employer of Record Services Market Size and Prospect (2018-2029)
        1.6.4 Europe Employer of Record Services Market Size and Prospect (2018-2029)
        1.6.5 Asia-Pacific Employer of Record Services Market Size and Prospect (2018-2029)
        1.6.6 South America Employer of Record Services Market Size and Prospect (2018-2029)
        1.6.7 Middle East and Africa Employer of Record Services Market Size and Prospect (2018-2029)

2 Company Profiles
    2.1 Adecco
        2.1.1 Adecco Details
        2.1.2 Adecco Major Business
        2.1.3 Adecco Employer of Record Services Product and Solutions
        2.1.4 Adecco Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.1.5 Adecco Recent Developments and Future Plans
    2.2 Randstad
        2.2.1 Randstad Details
        2.2.2 Randstad Major Business
        2.2.3 Randstad Employer of Record Services Product and Solutions
        2.2.4 Randstad Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.2.5 Randstad Recent Developments and Future Plans
    2.3 Aquent
        2.3.1 Aquent Details
        2.3.2 Aquent Major Business
        2.3.3 Aquent Employer of Record Services Product and Solutions
        2.3.4 Aquent Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.3.5 Aquent Recent Developments and Future Plans
    2.4 FoxHire
        2.4.1 FoxHire Details
        2.4.2 FoxHire Major Business
        2.4.3 FoxHire Employer of Record Services Product and Solutions
        2.4.4 FoxHire Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.4.5 FoxHire Recent Developments and Future Plans
    2.5 Infotree Global
        2.5.1 Infotree Global Details
        2.5.2 Infotree Global Major Business
        2.5.3 Infotree Global Employer of Record Services Product and Solutions
        2.5.4 Infotree Global Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.5.5 Infotree Global Recent Developments and Future Plans
    2.6 Safeguard Global
        2.6.1 Safeguard Global Details
        2.6.2 Safeguard Global Major Business
        2.6.3 Safeguard Global Employer of Record Services Product and Solutions
        2.6.4 Safeguard Global Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.6.5 Safeguard Global Recent Developments and Future Plans
    2.7 Velocity Global
        2.7.1 Velocity Global Details
        2.7.2 Velocity Global Major Business
        2.7.3 Velocity Global Employer of Record Services Product and Solutions
        2.7.4 Velocity Global Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.7.5 Velocity Global Recent Developments and Future Plans
    2.8 Globalization Partners
        2.8.1 Globalization Partners Details
        2.8.2 Globalization Partners Major Business
        2.8.3 Globalization Partners Employer of Record Services Product and Solutions
        2.8.4 Globalization Partners Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.8.5 Globalization Partners Recent Developments and Future Plans
    2.9 Shield GEO
        2.9.1 Shield GEO Details
        2.9.2 Shield GEO Major Business
        2.9.3 Shield GEO Employer of Record Services Product and Solutions
        2.9.4 Shield GEO Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.9.5 Shield GEO Recent Developments and Future Plans
    2.10 Acumen International
        2.10.1 Acumen International Details
        2.10.2 Acumen International Major Business
        2.10.3 Acumen International Employer of Record Services Product and Solutions
        2.10.4 Acumen International Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.10.5 Acumen International Recent Developments and Future Plans
    2.11 Remote Team (Gusto)
        2.11.1 Remote Team (Gusto) Details
        2.11.2 Remote Team (Gusto) Major Business
        2.11.3 Remote Team (Gusto) Employer of Record Services Product and Solutions
        2.11.4 Remote Team (Gusto) Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.11.5 Remote Team (Gusto) Recent Developments and Future Plans
    2.12 Deel
        2.12.1 Deel Details
        2.12.2 Deel Major Business
        2.12.3 Deel Employer of Record Services Product and Solutions
        2.12.4 Deel Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.12.5 Deel Recent Developments and Future Plans
    2.13 Remote Technology
        2.13.1 Remote Technology Details
        2.13.2 Remote Technology Major Business
        2.13.3 Remote Technology Employer of Record Services Product and Solutions
        2.13.4 Remote Technology Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.13.5 Remote Technology Recent Developments and Future Plans
    2.14 Elements Global Services
        2.14.1 Elements Global Services Details
        2.14.2 Elements Global Services Major Business
        2.14.3 Elements Global Services Employer of Record Services Product and Solutions
        2.14.4 Elements Global Services Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.14.5 Elements Global Services Recent Developments and Future Plans
    2.15 Papaya Global
        2.15.1 Papaya Global Details
        2.15.2 Papaya Global Major Business
        2.15.3 Papaya Global Employer of Record Services Product and Solutions
        2.15.4 Papaya Global Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.15.5 Papaya Global Recent Developments and Future Plans
    2.16 Universal Hires
        2.16.1 Universal Hires Details
        2.16.2 Universal Hires Major Business
        2.16.3 Universal Hires Employer of Record Services Product and Solutions
        2.16.4 Universal Hires Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.16.5 Universal Hires Recent Developments and Future Plans
    2.17 CIIC
        2.17.1 CIIC Details
        2.17.2 CIIC Major Business
        2.17.3 CIIC Employer of Record Services Product and Solutions
        2.17.4 CIIC Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.17.5 CIIC Recent Developments and Future Plans
    2.18 Links International
        2.18.1 Links International Details
        2.18.2 Links International Major Business
        2.18.3 Links International Employer of Record Services Product and Solutions
        2.18.4 Links International Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.18.5 Links International Recent Developments and Future Plans
    2.19 New Horizons Global Partners
        2.19.1 New Horizons Global Partners Details
        2.19.2 New Horizons Global Partners Major Business
        2.19.3 New Horizons Global Partners Employer of Record Services Product and Solutions
        2.19.4 New Horizons Global Partners Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.19.5 New Horizons Global Partners Recent Developments and Future Plans
    2.20 Sky Executive
        2.20.1 Sky Executive Details
        2.20.2 Sky Executive Major Business
        2.20.3 Sky Executive Employer of Record Services Product and Solutions
        2.20.4 Sky Executive Employer of Record Services Revenue, Gross Margin and Market Share (2018-2023)
        2.20.5 Sky Executive Recent Developments and Future Plans

3 Market Competition, by Players
    3.1 Global Employer of Record Services Revenue and Share by Players (2018-2023)
    3.2 Market Share Analysis (2022)
        3.2.1 Market Share of Employer of Record Services by Company Revenue
        3.2.2 Top 3 Employer of Record Services Players Market Share in 2022
        3.2.3 Top 6 Employer of Record Services Players Market Share in 2022
    3.3 Employer of Record Services Market: Overall Company Footprint Analysis
        3.3.1 Employer of Record Services Market: Region Footprint
        3.3.2 Employer of Record Services Market: Company Product Type Footprint
        3.3.3 Employer of Record Services Market: Company Product Application Footprint
    3.4 New Market Entrants and Barriers to Market Entry
    3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type
    4.1 Global Employer of Record Services Consumption Value and Market Share by Type (2018-2023)
    4.2 Global Employer of Record Services Market Forecast by Type (2024-2029)

5 Market Size Segment by Application
    5.1 Global Employer of Record Services Consumption Value Market Share by Application (2018-2023)
    5.2 Global Employer of Record Services Market Forecast by Application (2024-2029)

6 North America
    6.1 North America Employer of Record Services Consumption Value by Type (2018-2029)
    6.2 North America Employer of Record Services Consumption Value by Application (2018-2029)
    6.3 North America Employer of Record Services Market Size by Country
        6.3.1 North America Employer of Record Services Consumption Value by Country (2018-2029)
        6.3.2 United States Employer of Record Services Market Size and Forecast (2018-2029)
        6.3.3 Canada Employer of Record Services Market Size and Forecast (2018-2029)
        6.3.4 Mexico Employer of Record Services Market Size and Forecast (2018-2029)

7 Europe
    7.1 Europe Employer of Record Services Consumption Value by Type (2018-2029)
    7.2 Europe Employer of Record Services Consumption Value by Application (2018-2029)
    7.3 Europe Employer of Record Services Market Size by Country
        7.3.1 Europe Employer of Record Services Consumption Value by Country (2018-2029)
        7.3.2 Germany Employer of Record Services Market Size and Forecast (2018-2029)
        7.3.3 France Employer of Record Services Market Size and Forecast (2018-2029)
        7.3.4 United Kingdom Employer of Record Services Market Size and Forecast (2018-2029)
        7.3.5 Russia Employer of Record Services Market Size and Forecast (2018-2029)
        7.3.6 Italy Employer of Record Services Market Size and Forecast (2018-2029)

8 Asia-Pacific
    8.1 Asia-Pacific Employer of Record Services Consumption Value by Type (2018-2029)
    8.2 Asia-Pacific Employer of Record Services Consumption Value by Application (2018-2029)
    8.3 Asia-Pacific Employer of Record Services Market Size by Region
        8.3.1 Asia-Pacific Employer of Record Services Consumption Value by Region (2018-2029)
        8.3.2 China Employer of Record Services Market Size and Forecast (2018-2029)
        8.3.3 Japan Employer of Record Services Market Size and Forecast (2018-2029)
        8.3.4 South Korea Employer of Record Services Market Size and Forecast (2018-2029)
        8.3.5 India Employer of Record Services Market Size and Forecast (2018-2029)
        8.3.6 Southeast Asia Employer of Record Services Market Size and Forecast (2018-2029)
        8.3.7 Australia Employer of Record Services Market Size and Forecast (2018-2029)

9 South America
    9.1 South America Employer of Record Services Consumption Value by Type (2018-2029)
    9.2 South America Employer of Record Services Consumption Value by Application (2018-2029)
    9.3 South America Employer of Record Services Market Size by Country
        9.3.1 South America Employer of Record Services Consumption Value by Country (2018-2029)
        9.3.2 Brazil Employer of Record Services Market Size and Forecast (2018-2029)
        9.3.3 Argentina Employer of Record Services Market Size and Forecast (2018-2029)

10 Middle East & Africa
    10.1 Middle East & Africa Employer of Record Services Consumption Value by Type (2018-2029)
    10.2 Middle East & Africa Employer of Record Services Consumption Value by Application (2018-2029)
    10.3 Middle East & Africa Employer of Record Services Market Size by Country
        10.3.1 Middle East & Africa Employer of Record Services Consumption Value by Country (2018-2029)
        10.3.2 Turkey Employer of Record Services Market Size and Forecast (2018-2029)
        10.3.3 Saudi Arabia Employer of Record Services Market Size and Forecast (2018-2029)
        10.3.4 UAE Employer of Record Services Market Size and Forecast (2018-2029)

11 Market Dynamics
    11.1 Employer of Record Services Market Drivers
    11.2 Employer of Record Services Market Restraints
    11.3 Employer of Record Services Trends Analysis
    11.4 Porters Five Forces Analysis
        11.4.1 Threat of New Entrants
        11.4.2 Bargaining Power of Suppliers
        11.4.3 Bargaining Power of Buyers
        11.4.4 Threat of Substitutes
        11.4.5 Competitive Rivalry
    11.5 Influence of COVID-19 and Russia-Ukraine War
        11.5.1 Influence of COVID-19
        11.5.2 Influence of Russia-Ukraine War

12 Industry Chain Analysis
    12.1 Employer of Record Services Industry Chain
    12.2 Employer of Record Services Upstream Analysis
    12.3 Employer of Record Services Midstream Analysis
    12.4 Employer of Record Services Downstream Analysis

13 Research Findings and Conclusion

14 Appendix
    14.1 Methodology
    14.2 Research Process and Data Source
    14.3 Disclaimer

Table of Figures

List of Tables
    Table 1. Global Employer of Record Services Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 2. Global Employer of Record Services Consumption Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 3. Global Employer of Record Services Consumption Value by Region (2018-2023) & (USD Million)
    Table 4. Global Employer of Record Services Consumption Value by Region (2024-2029) & (USD Million)
    Table 5. Adecco Company Information, Head Office, and Major Competitors
    Table 6. Adecco Major Business
    Table 7. Adecco Employer of Record Services Product and Solutions
    Table 8. Adecco Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 9. Adecco Recent Developments and Future Plans
    Table 10. Randstad Company Information, Head Office, and Major Competitors
    Table 11. Randstad Major Business
    Table 12. Randstad Employer of Record Services Product and Solutions
    Table 13. Randstad Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 14. Randstad Recent Developments and Future Plans
    Table 15. Aquent Company Information, Head Office, and Major Competitors
    Table 16. Aquent Major Business
    Table 17. Aquent Employer of Record Services Product and Solutions
    Table 18. Aquent Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 19. Aquent Recent Developments and Future Plans
    Table 20. FoxHire Company Information, Head Office, and Major Competitors
    Table 21. FoxHire Major Business
    Table 22. FoxHire Employer of Record Services Product and Solutions
    Table 23. FoxHire Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 24. FoxHire Recent Developments and Future Plans
    Table 25. Infotree Global Company Information, Head Office, and Major Competitors
    Table 26. Infotree Global Major Business
    Table 27. Infotree Global Employer of Record Services Product and Solutions
    Table 28. Infotree Global Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 29. Infotree Global Recent Developments and Future Plans
    Table 30. Safeguard Global Company Information, Head Office, and Major Competitors
    Table 31. Safeguard Global Major Business
    Table 32. Safeguard Global Employer of Record Services Product and Solutions
    Table 33. Safeguard Global Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 34. Safeguard Global Recent Developments and Future Plans
    Table 35. Velocity Global Company Information, Head Office, and Major Competitors
    Table 36. Velocity Global Major Business
    Table 37. Velocity Global Employer of Record Services Product and Solutions
    Table 38. Velocity Global Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 39. Velocity Global Recent Developments and Future Plans
    Table 40. Globalization Partners Company Information, Head Office, and Major Competitors
    Table 41. Globalization Partners Major Business
    Table 42. Globalization Partners Employer of Record Services Product and Solutions
    Table 43. Globalization Partners Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 44. Globalization Partners Recent Developments and Future Plans
    Table 45. Shield GEO Company Information, Head Office, and Major Competitors
    Table 46. Shield GEO Major Business
    Table 47. Shield GEO Employer of Record Services Product and Solutions
    Table 48. Shield GEO Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 49. Shield GEO Recent Developments and Future Plans
    Table 50. Acumen International Company Information, Head Office, and Major Competitors
    Table 51. Acumen International Major Business
    Table 52. Acumen International Employer of Record Services Product and Solutions
    Table 53. Acumen International Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 54. Acumen International Recent Developments and Future Plans
    Table 55. Remote Team (Gusto) Company Information, Head Office, and Major Competitors
    Table 56. Remote Team (Gusto) Major Business
    Table 57. Remote Team (Gusto) Employer of Record Services Product and Solutions
    Table 58. Remote Team (Gusto) Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 59. Remote Team (Gusto) Recent Developments and Future Plans
    Table 60. Deel Company Information, Head Office, and Major Competitors
    Table 61. Deel Major Business
    Table 62. Deel Employer of Record Services Product and Solutions
    Table 63. Deel Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 64. Deel Recent Developments and Future Plans
    Table 65. Remote Technology Company Information, Head Office, and Major Competitors
    Table 66. Remote Technology Major Business
    Table 67. Remote Technology Employer of Record Services Product and Solutions
    Table 68. Remote Technology Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 69. Remote Technology Recent Developments and Future Plans
    Table 70. Elements Global Services Company Information, Head Office, and Major Competitors
    Table 71. Elements Global Services Major Business
    Table 72. Elements Global Services Employer of Record Services Product and Solutions
    Table 73. Elements Global Services Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 74. Elements Global Services Recent Developments and Future Plans
    Table 75. Papaya Global Company Information, Head Office, and Major Competitors
    Table 76. Papaya Global Major Business
    Table 77. Papaya Global Employer of Record Services Product and Solutions
    Table 78. Papaya Global Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 79. Papaya Global Recent Developments and Future Plans
    Table 80. Universal Hires Company Information, Head Office, and Major Competitors
    Table 81. Universal Hires Major Business
    Table 82. Universal Hires Employer of Record Services Product and Solutions
    Table 83. Universal Hires Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 84. Universal Hires Recent Developments and Future Plans
    Table 85. CIIC Company Information, Head Office, and Major Competitors
    Table 86. CIIC Major Business
    Table 87. CIIC Employer of Record Services Product and Solutions
    Table 88. CIIC Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. CIIC Recent Developments and Future Plans
    Table 90. Links International Company Information, Head Office, and Major Competitors
    Table 91. Links International Major Business
    Table 92. Links International Employer of Record Services Product and Solutions
    Table 93. Links International Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 94. Links International Recent Developments and Future Plans
    Table 95. New Horizons Global Partners Company Information, Head Office, and Major Competitors
    Table 96. New Horizons Global Partners Major Business
    Table 97. New Horizons Global Partners Employer of Record Services Product and Solutions
    Table 98. New Horizons Global Partners Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 99. New Horizons Global Partners Recent Developments and Future Plans
    Table 100. Sky Executive Company Information, Head Office, and Major Competitors
    Table 101. Sky Executive Major Business
    Table 102. Sky Executive Employer of Record Services Product and Solutions
    Table 103. Sky Executive Employer of Record Services Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 104. Sky Executive Recent Developments and Future Plans
    Table 105. Global Employer of Record Services Revenue (USD Million) by Players (2018-2023)
    Table 106. Global Employer of Record Services Revenue Share by Players (2018-2023)
    Table 107. Breakdown of Employer of Record Services by Company Type (Tier 1, Tier 2, and Tier 3)
    Table 108. Market Position of Players in Employer of Record Services, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2022
    Table 109. Head Office of Key Employer of Record Services Players
    Table 110. Employer of Record Services Market: Company Product Type Footprint
    Table 111. Employer of Record Services Market: Company Product Application Footprint
    Table 112. Employer of Record Services New Market Entrants and Barriers to Market Entry
    Table 113. Employer of Record Services Mergers, Acquisition, Agreements, and Collaborations
    Table 114. Global Employer of Record Services Consumption Value (USD Million) by Type (2018-2023)
    Table 115. Global Employer of Record Services Consumption Value Share by Type (2018-2023)
    Table 116. Global Employer of Record Services Consumption Value Forecast by Type (2024-2029)
    Table 117. Global Employer of Record Services Consumption Value by Application (2018-2023)
    Table 118. Global Employer of Record Services Consumption Value Forecast by Application (2024-2029)
    Table 119. North America Employer of Record Services Consumption Value by Type (2018-2023) & (USD Million)
    Table 120. North America Employer of Record Services Consumption Value by Type (2024-2029) & (USD Million)
    Table 121. North America Employer of Record Services Consumption Value by Application (2018-2023) & (USD Million)
    Table 122. North America Employer of Record Services Consumption Value by Application (2024-2029) & (USD Million)
    Table 123. North America Employer of Record Services Consumption Value by Country (2018-2023) & (USD Million)
    Table 124. North America Employer of Record Services Consumption Value by Country (2024-2029) & (USD Million)
    Table 125. Europe Employer of Record Services Consumption Value by Type (2018-2023) & (USD Million)
    Table 126. Europe Employer of Record Services Consumption Value by Type (2024-2029) & (USD Million)
    Table 127. Europe Employer of Record Services Consumption Value by Application (2018-2023) & (USD Million)
    Table 128. Europe Employer of Record Services Consumption Value by Application (2024-2029) & (USD Million)
    Table 129. Europe Employer of Record Services Consumption Value by Country (2018-2023) & (USD Million)
    Table 130. Europe Employer of Record Services Consumption Value by Country (2024-2029) & (USD Million)
    Table 131. Asia-Pacific Employer of Record Services Consumption Value by Type (2018-2023) & (USD Million)
    Table 132. Asia-Pacific Employer of Record Services Consumption Value by Type (2024-2029) & (USD Million)
    Table 133. Asia-Pacific Employer of Record Services Consumption Value by Application (2018-2023) & (USD Million)
    Table 134. Asia-Pacific Employer of Record Services Consumption Value by Application (2024-2029) & (USD Million)
    Table 135. Asia-Pacific Employer of Record Services Consumption Value by Region (2018-2023) & (USD Million)
    Table 136. Asia-Pacific Employer of Record Services Consumption Value by Region (2024-2029) & (USD Million)
    Table 137. South America Employer of Record Services Consumption Value by Type (2018-2023) & (USD Million)
    Table 138. South America Employer of Record Services Consumption Value by Type (2024-2029) & (USD Million)
    Table 139. South America Employer of Record Services Consumption Value by Application (2018-2023) & (USD Million)
    Table 140. South America Employer of Record Services Consumption Value by Application (2024-2029) & (USD Million)
    Table 141. South America Employer of Record Services Consumption Value by Country (2018-2023) & (USD Million)
    Table 142. South America Employer of Record Services Consumption Value by Country (2024-2029) & (USD Million)
    Table 143. Middle East & Africa Employer of Record Services Consumption Value by Type (2018-2023) & (USD Million)
    Table 144. Middle East & Africa Employer of Record Services Consumption Value by Type (2024-2029) & (USD Million)
    Table 145. Middle East & Africa Employer of Record Services Consumption Value by Application (2018-2023) & (USD Million)
    Table 146. Middle East & Africa Employer of Record Services Consumption Value by Application (2024-2029) & (USD Million)
    Table 147. Middle East & Africa Employer of Record Services Consumption Value by Country (2018-2023) & (USD Million)
    Table 148. Middle East & Africa Employer of Record Services Consumption Value by Country (2024-2029) & (USD Million)
    Table 149. Employer of Record Services Raw Material
    Table 150. Key Suppliers of Employer of Record Services Raw Materials
List of Figures
    Figure 1. Employer of Record Services Picture
    Figure 2. Global Employer of Record Services Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 3. Global Employer of Record Services Consumption Value Market Share by Type in 2022
    Figure 4. Aggregator Model
    Figure 5. Wholly Owned Infrastructure Model
    Figure 6. Global Employer of Record Services Consumption Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 7. Employer of Record Services Consumption Value Market Share by Application in 2022
    Figure 8. SMEs Picture
    Figure 9. Large Enterprises Picture
    Figure 10. Global Employer of Record Services Consumption Value, (USD Million): 2018 & 2022 & 2029
    Figure 11. Global Employer of Record Services Consumption Value and Forecast (2018-2029) & (USD Million)
    Figure 12. Global Market Employer of Record Services Consumption Value (USD Million) Comparison by Region (2018 & 2022 & 2029)
    Figure 13. Global Employer of Record Services Consumption Value Market Share by Region (2018-2029)
    Figure 14. Global Employer of Record Services Consumption Value Market Share by Region in 2022
    Figure 15. North America Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 16. Europe Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 17. Asia-Pacific Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 18. South America Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 19. Middle East and Africa Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 20. Global Employer of Record Services Revenue Share by Players in 2022
    Figure 21. Employer of Record Services Market Share by Company Type (Tier 1, Tier 2 and Tier 3) in 2022
    Figure 22. Global Top 3 Players Employer of Record Services Market Share in 2022
    Figure 23. Global Top 6 Players Employer of Record Services Market Share in 2022
    Figure 24. Global Employer of Record Services Consumption Value Share by Type (2018-2023)
    Figure 25. Global Employer of Record Services Market Share Forecast by Type (2024-2029)
    Figure 26. Global Employer of Record Services Consumption Value Share by Application (2018-2023)
    Figure 27. Global Employer of Record Services Market Share Forecast by Application (2024-2029)
    Figure 28. North America Employer of Record Services Consumption Value Market Share by Type (2018-2029)
    Figure 29. North America Employer of Record Services Consumption Value Market Share by Application (2018-2029)
    Figure 30. North America Employer of Record Services Consumption Value Market Share by Country (2018-2029)
    Figure 31. United States Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 32. Canada Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 33. Mexico Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 34. Europe Employer of Record Services Consumption Value Market Share by Type (2018-2029)
    Figure 35. Europe Employer of Record Services Consumption Value Market Share by Application (2018-2029)
    Figure 36. Europe Employer of Record Services Consumption Value Market Share by Country (2018-2029)
    Figure 37. Germany Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 38. France Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 39. United Kingdom Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 40. Russia Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 41. Italy Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 42. Asia-Pacific Employer of Record Services Consumption Value Market Share by Type (2018-2029)
    Figure 43. Asia-Pacific Employer of Record Services Consumption Value Market Share by Application (2018-2029)
    Figure 44. Asia-Pacific Employer of Record Services Consumption Value Market Share by Region (2018-2029)
    Figure 45. China Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 46. Japan Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 47. South Korea Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 48. India Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 49. Southeast Asia Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 50. Australia Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 51. South America Employer of Record Services Consumption Value Market Share by Type (2018-2029)
    Figure 52. South America Employer of Record Services Consumption Value Market Share by Application (2018-2029)
    Figure 53. South America Employer of Record Services Consumption Value Market Share by Country (2018-2029)
    Figure 54. Brazil Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 55. Argentina Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 56. Middle East and Africa Employer of Record Services Consumption Value Market Share by Type (2018-2029)
    Figure 57. Middle East and Africa Employer of Record Services Consumption Value Market Share by Application (2018-2029)
    Figure 58. Middle East and Africa Employer of Record Services Consumption Value Market Share by Country (2018-2029)
    Figure 59. Turkey Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 60. Saudi Arabia Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 61. UAE Employer of Record Services Consumption Value (2018-2029) & (USD Million)
    Figure 62. Employer of Record Services Market Drivers
    Figure 63. Employer of Record Services Market Restraints
    Figure 64. Employer of Record Services Market Trends
    Figure 65. Porters Five Forces Analysis
    Figure 66. Manufacturing Cost Structure Analysis of Employer of Record Services in 2022
    Figure 67. Manufacturing Process Analysis of Employer of Record Services
    Figure 68. Employer of Record Services Industrial Chain
    Figure 69. Methodology
    Figure 70. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Related Reports

Global Employer of Record Services Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Employer of Record Services Market 2024 by Company, Regions, Type and Application, Forecast to 2030

date 02 Jan 2024

date Service & Software

According to our (Global Info Research) latest study, the global Employer of Record Services market size was valued at USD 131.9 million in 2023 and is forecast to a readjusted size of USD 205 million by 2030 with a CAGR of 6.5% during review period.

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