Multi Process Human Resource Outsourcing (MPHRO) Market

Global Multi Process Human Resource Outsourcing (MPHRO) Market Size, Trends & Analysis - Forecasts to 2029 By Vertical (Information Technology (IT) and Telecom, Healthcare, Manufacturing, Financial Services, and Retail and E-commerce), By Services (Payroll Outsourcing, Talent Acquisition, Employee Benefits Administration, HR Administration, Learning and Development, and Employee Relations and Engagement), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on April 22 2024 with the latest and most recent market numbers

Global Multi Process Human Resource Outsourcing (MPHRO) Market Size

The global multi process human resource outsourcing (MPHRO) market is estimated to exhibit a CAGR of 7.8% from 2024 to 2029.

The primary factors propelling the market growth are the increasing use of automation and digitization in human resource procedures and the rising demand for human capital management (HCM) software. Companies can scale their HR operations to meet their needs with the help of HCM software. HCM software allows companies to adjust to shifting personnel needs, regardless of whether they are expanding quickly or contracting. MPHRO suppliers serve companies of all sizes and sectors by providing scalable solutions using HCM software. Large volumes of data about workforce trends, performance indicators, and employee demographics are produced by HCM software. MPHRO providers use the data analytics tools built into HCM software to give their clients insightful information. Companies can use this data to analyze and make well-informed decisions about resource allocation, succession planning, and people management. For instance, Apps Run the World (2021) reports that HCM software holds the second-highest proportion of cloud applications by functional market in 2020, accounting for 13.90% of the total.

The rise in the adoption of AI in recruitment and increasing focus on strategic human resource (HR) initiatives are expected to support market growth. AI-powered recruiting solutions use sophisticated algorithms to examine candidate profiles and job specifications to match candidates more accurately. MPHRO providers use these technologies to expedite the hiring process and guarantee that their clients are matched with eligible applicants who meet their job specifications. This results in increased client satisfaction and recruitment success rates. For instance, the use of AI in recruiting is rising, with 35% to 45% of companies using AI recruitment solutions, according to Intelion Systems (2023).

The enhancements in modern technologies, such as predictive analytics, machine learning (ML), and artificial intelligence (AI), along with the growing requirement in human resources (HR) for regulatory compliance, propel market growth. With rules and regulations continuously changing at local and international levels, the regulatory environment governing HR operations is getting ever more complex. Compliance requirements cover many topics, including diversity and inclusion rules, employment standards, labor laws, and data privacy restrictions. MPHRO providers use their experience navigating this complex legal environment to guarantee that their clients' HR procedures comply with all applicable laws and regulations.

Companies can stand out from the competition by customizing MPHRO services to fit the needs of particular sectors, such as healthcare, manufacturing, finance, or technology. Additionally, there is a rising need for MPHRO services that put the employee experience first due to the increased focus on employee engagement, satisfaction, and retention. MPHRO providers can set themselves apart by providing cutting-edge solutions that improve the entire employee lifecycle, from hiring and onboarding to career development and offboarding, and assisting clients.

global multi process human resource outsourcing (mphro) market

Global Multi Process Human Resource Outsourcing (MPHRO) Market: By Vertical

The information technology (IT) and telecom segment is expected to hold the largest share of the market over the forecast period. There are usually numerous workers in the telecom and IT sectors, including contract workers and permanent employees. Managing HR procedures for a large staff can be difficult and resource-intensive, so many companies in this industry choose to outsource HR tasks to save overhead and concentrate on their primary company operations.

The financial services segment is expected to be the fastest-growing segment in the market from 2024-2029. The financial services sector frequently handles complex HR tasks, including salary management, regulatory compliance, talent acquisition, and payroll processing. Operations can be streamlined, and industry rules can be met by contracting with expert MPHRO providers to do these functions.

Global Multi Process Human Resource Outsourcing (MPHRO) Market: By Services

The payroll outsourcing segment is expected to hold the largest share of the market over the forecast period. Payroll processing entails a number of intricate tasks, such as record-keeping, deductions, tax calculations, and compliance with labor rules and regulations. Companies can ensure accuracy and compliance while lessening the administrative load on internal HR staff by outsourcing payroll to specialized providers.

The talent acquisition segment is anticipated to be the fastest-growing segment in the market from 2024-2029. Job posting, candidate sourcing, screening, interviewing, and onboarding are some of the phases that make up the recruitment process. It needs access to various candidate pools, industry trends knowledge, and specific capabilities. Companies can speed up these procedures, guarantee compliance with recruiting laws, and enhance the ability of hires by contracting with qualified providers for talent acquisition.

asia pacific multi process human resource outsourcing (mphro) market

Global Multi Process Human Resource Outsourcing (MPHRO) Market: By Region

North America is expected to be the largest region in the global market. Rising employment rates in the North American region are driving the market growth. As employment rates rise, organizations experience greater demands on their HR departments to manage various aspects of the employee lifecycle, including recruitment, onboarding, training, benefits administration, payroll, and compliance. For instance, the United States REA project estimates that between 2011 and 2022, total employment in the country increased from 176,091,700 in 2011 to 212,442,000 in 2022, representing a net rise of 36,350,300, or 20.64%.

Asia Pacific is anticipated to witness rapid growth during the forecast period. The Asia Pacific region's economy is developing quickly, increasing the number of companies and creating more job possibilities. The need for HR outsourcing services rises as companies get bigger and more complicated to effectively handle HR tasks, including compliance, talent acquisition, and payroll processing.

Global Multi Process Human Resource Outsourcing (MPHRO) Market Share and Competitor Analysis

Accenture, ADP, Alight Solutions, Capgemini, Capita, CGI, Conduent, DXC Technology, Hexaware, IBM, Infosys, MHR, Neeyamo, NGA HR, and SD Worx, among others, are some of the key players operating in the global multi process human resource outsourcing (MPHRO) market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Multi Process Human Resource Outsourcing (MPHRO) Market: Recent Developments

In July 2023, Alight Solutions announced the second major launch of Alight Worklife, its employee experience platform, for 2023. The Alight Worklife platform's latest release includes new features for the digital experience, greater platform integrations and tooling, and improved guidance capabilities to boost employee engagement. It also gives employers powerful tools to boost the return on investment of their benefits and HR departments.

In October 2023, ADP, Inc. announced the launch of ADP Workforce Now, a construction industry-specific software. This program guarantees accurate payroll processing, effective HR administration, and enhanced hiring and training of laborers in the construction sector.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL MULTI PROCESS HUMAN RESOURCE OUTSOURCING (MPHRO) MARKET, BY VERTICAL

4.1   Introduction

4.2   Multi Process Human Resource Outsourcing (MPHRO) Market: Vertical Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Information Technology (IT) and Telecom

4.4.1        Information Technology (IT) and Telecom Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Healthcare

4.5.1        Healthcare Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Manufacturing

4.6.1        Manufacturing Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Financial Services

4.7.1        Financial Services Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Retail and E-commerce

4.8.1        Retail and E-commerce Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL MULTI PROCESS HUMAN RESOURCE OUTSOURCING (MPHRO) MARKET, BY SERVICES

5.1   Introduction

5.2   Multi Process Human Resource Outsourcing (MPHRO) Market: Services Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Payroll Outsourcing

5.4.1        Payroll Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Talent Acquisition

5.5.1        Talent Acquisition Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Employee Benefits Administration

5.6.1        Employee Benefits Administration Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   HR Administration

5.7.1        HR Administration Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   Learning and Development

5.8.1        Learning and Development Market Estimates and Forecast, 2021-2029 (USD Million)

5.9   Employee Relations and Engagement

5.9.1        Employee Relations and Engagement Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL MULTI PROCESS HUMAN RESOURCE OUTSOURCING (MPHRO) MARKET, BY REGION

6.1   Introduction

6.2   North America Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Vertical

6.2.2        By Services

6.2.3        By Country

6.2.3.1     U.S. Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Vertical

6.2.3.1.2        By Services

6.2.3.2     Canada Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Vertical

6.2.3.2.2        By Services

6.2.3.3     Mexico Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Vertical

6.2.3.3.2        By Services

6.3   Europe Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Vertical

6.3.2        By Services

6.3.3        By Country

6.3.3.1     Germany Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Vertical

6.3.3.1.2        By Services

6.3.3.2     U.K. Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Vertical

6.3.3.2.2        By Services

6.3.3.3     France Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Vertical

6.3.3.3.2        By Services

6.3.3.4     Italy Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Vertical

6.3.3.4.2        By Services

6.3.3.5     Spain Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Vertical

6.3.3.5.2        By Services

6.3.3.6     Netherlands Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Vertical

6.3.3.6.2        By Services

6.3.3.7     Rest of Europe Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Vertical

6.3.3.6.2        By Services

6.4   Asia Pacific Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Vertical

6.4.2        By Services

6.4.3        By Country

6.4.3.1     China Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Vertical

6.4.3.1.2        By Services

6.4.3.2     Japan Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Vertical

6.4.3.2.2        By Services

6.4.3.3     India Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Vertical

6.4.3.3.2        By Services

6.4.3.4     South Korea Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Vertical

6.4.3.4.2        By Services

6.4.3.5     Singapore Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Vertical

6.4.3.5.2        By Services

6.4.3.6     Malaysia Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Vertical

6.4.3.6.2        By Services

6.4.3.7     Thailand Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Vertical

6.4.3.6.2        By Services

6.4.3.8     Indonesia Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Vertical

6.4.3.7.2        By Services

6.4.3.9     Vietnam Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Vertical

6.4.3.8.2        By Services

6.4.3.10  Taiwan Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Vertical

6.4.3.10.2 By Services

6.4.3.11  Rest of Asia Pacific Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Vertical

6.4.3.11.2 By Services

6.5   Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Vertical

6.5.2        By Services

6.5.3        By Country

6.5.3.1     Saudi Arabia Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Vertical

6.5.3.1.2        By Services

6.5.3.2     U.A.E. Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Vertical

6.5.3.2.2        By Services

6.5.3.3     Israel Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Vertical

6.5.3.3.2        By Services

6.5.3.4     South Africa Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Vertical

6.5.3.4.2        By Services

6.5.3.5     Rest of Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Vertical

6.5.3.5.2        By Services

6.6   Central and South America Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Vertical

6.6.2        By Services

6.6.3        By Country

6.6.3.1     Brazil Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Vertical

6.6.3.1.2        By Services

6.6.3.2     Argentina Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Vertical

6.6.3.2.2        By Services

6.6.3.3     Chile Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Vertical

6.6.3.3.2        By Services

6.6.3.3     Rest of Central and South America Multi Process Human Resource Outsourcing (MPHRO) Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Vertical

6.6.3.3.2        By Services

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        IBM

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Accenture

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        ADP

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Alight Solutions  

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Capgemini

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        Capita

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        CGI  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Conduent

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        DXC Technology

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      Hexaware

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Infosys

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

7.4.12      MHR  

7.4.12.1 Business Description & Financial Analysis

7.4.12.2 SWOT Analysis

7.4.12.3 Products & Services Offered

7.4.12.4 Strategic Alliances between Business Partners

7.4.13      Neeyamo

7.4.13.1 Business Description & Financial Analysis

7.4.13.2 SWOT Analysis

7.4.13.3 Products & Services Offered

7.4.13.4 Strategic Alliances between Business Partners

7.4.14      NGA HR  

7.4.14.1 Business Description & Financial Analysis

7.4.14.2 SWOT Analysis

7.4.14.3 Products & Services Offered

7.4.14.4 Strategic Alliances between Business Partners

7.4.15      SD Worx

7.4.15.1 Business Description & Financial Analysis

7.4.15.2 SWOT Analysis

7.4.15.3 Products & Services Offered

7.4.15.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

2 Information Technology (IT) and Telecom Market, By Region, 2021-2029 (USD Mllion)    

3 Healthcare Market, By Region, 2021-2029 (USD Mllion)      

4 Manufacturing Market, By Region, 2021-2029 (USD Mllion)             

5 Financial Services Market, By Region, 2021-2029 (USD Mllion)      

6 Retail and E-commerce Market, By Region, 2021-2029 (USD Mllion)             

7 Global Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

8 Payroll Outsourcing Market, By Region, 2021-2029 (USD Mllion)

9 Talent Acquisition Market, By Region, 2021-2029 (USD Mllion)

10 Employee Benefits Administration Market, By Region, 2021-2029 (USD Mllion)   

11 HR Administration Market, By Region, 2021-2029 (USD Mllion)       

12 Learning and Development Market, By Region, 2021-2029 (USD Mllion)    

13 Employee Relations and Engagement Market, By Region, 2021-2029 (USD Mllion)

14 Regional Analysis, 2021-2029 (USD Mllion)

15 North America Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)           

16 North America Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

17 U.S. Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

18 North America Multi Process Human Resource Outsourcing (MPHRO) Market, By COUNTRY, 2021-2029 (USD Mllion)

19 U.S. Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

20 Canada Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

21 Canada Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

22 Mexico Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

23 Mexico Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

24 Europe Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

25 Europe Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

26 Europe Multi Process Human Resource Outsourcing (MPHRO) Market, By Country, 2021-2029 (USD Mllion)

27 Germany Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

28 Germany Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

29 U.K. Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

30 U.K. Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

31 France Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

32 France Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

33 Italy Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

34 Italy Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

35 Spain Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

36 Spain Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

37 Netherlands Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

38 Netherlands Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

39 Rest Of Europe Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)           

40 Rest Of Europe Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

41 Asia Pacific Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

42 Asia Pacific Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

43 Asia Pacific Multi Process Human Resource Outsourcing (MPHRO) Market, By Country, 2021-2029 (USD Mllion)

44 China Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

45 China Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

46 Japan Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

47 Japan Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

48 India Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

49 India Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

50 South Korea Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

51 South Korea Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

52 Singapore Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

53 Singapore Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

54 Thailand Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

55 Thailand Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

56 Malaysia Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

57 Malaysia Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

58 Indonesia Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

59 Indonesia Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

60 Vietnam Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

61 Vietnam Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

62 Taiwan Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)      

63 Taiwan Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

64 Rest of APAC Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

65 Rest of APAC Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)           

66 Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)   

67 Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)   

68 Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Country, 2021-2029 (USD Mllion)   

69 Saudi Arabia Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

70 Saudi Arabia Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

71 UAE Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

72 UAE Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

73 Israel Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

74 Israel Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

75 South Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

76 South Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

77 Rest Of Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)              

78 Rest Of Middle East and Africa Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)              

79 Central and  South America Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)              

80 Central and South America Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)              

81 Central and South America Multi Process Human Resource Outsourcing (MPHRO) Market, By Country, 2021-2029 (USD Mllion)

82 Brazil Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

83 Brazil Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

84 Chile Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

85 Chile Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)      

86 Argentina Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)

87 Argentina Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)

88 Rest Of Central and South America Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical, 2021-2029 (USD Mllion)        

89 Rest Of Central and South America Multi Process Human Resource Outsourcing (MPHRO) Market, By Services, 2021-2029 (USD Mllion)       

90 IBM: Products & Services Offering  

91 Accenture: Products & Services Offering  

92 ADP: Products & Services Offering 

93 Alight Solutions : Products & Services Offering  

94 Capgemini: Products & Services Offering   

95 Capita: Products & Services Offering            

96 CGI : Products & Services Offering  

97 Conduent: Products & Services Offering    

98 DXC Technology, Inc: Products & Services Offering             

99 Hexaware: Products & Services Offering    

100 SD Worx: Products & Services Offering

101 NGA HR: Products & Services Offering

102 Neeyamo: Products & Services Offering

103 MHR: Products & Services Offering

104 Infosys: Products & Services Offering

105 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Multi Process Human Resource Outsourcing (MPHRO) Market Overview

2 Global Multi Process Human Resource Outsourcing (MPHRO) Market Value From 2021-2029 (USD Mllion)

3 Global Multi Process Human Resource Outsourcing (MPHRO) Market Share, By Vertical (2023)

4 Global Multi Process Human Resource Outsourcing (MPHRO) Market Share, By Services (2023)

5 Global Multi Process Human Resource Outsourcing (MPHRO) Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Multi Process Human Resource Outsourcing (MPHRO) Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Multi Process Human Resource Outsourcing (MPHRO) Market

10 Impact Of Challenges On The Global Multi Process Human Resource Outsourcing (MPHRO) Market

11 Porter’s Five Forces Analysis

12 Global Multi Process Human Resource Outsourcing (MPHRO) Market: By Vertical Scope Key Takeaways

13 Global Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical Segment: Revenue Growth Analysis

14 Information Technology (IT) and Telecom Market, By Region, 2021-2029 (USD Mllion)

15 Healthcare Market, By Region, 2021-2029 (USD Mllion)

16 Manufacturing Market, By Region, 2021-2029 (USD Mllion)

17 Financial Services Market, By Region, 2021-2029 (USD Mllion)

18 Retail and E-commerce Market, By Region, 2021-2029 (USD Mllion)

19 Global Multi Process Human Resource Outsourcing (MPHRO) Market: By Services Scope Key Takeaways

20 Global Multi Process Human Resource Outsourcing (MPHRO) Market, By Services Segment: Revenue Growth Analysis

21 Payroll Outsourcing Market, By Region, 2021-2029 (USD Mllion)    

22 Talent Acquisition Market, By Region, 2021-2029 (USD Mllion)

23 Employee Benefits Administration Market, By Region, 2021-2029 (USD Mllion)   

24 HR Administration Market, By Region, 2021-2029 (USD Mllion)       

25 Learning and Development Market, By Region, 2021-2029 (USD Mllion)

26 Employee Relations and Engagement Market, By Region, 2021-2029 (USD Mllion)

27 Regional Segment: Revenue Growth Analysis

28 Global Multi Process Human Resource Outsourcing (MPHRO) Market: Regional Analysis

29 North America Multi Process Human Resource Outsourcing (MPHRO) Market Overview

30 North America Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical

31 North America Multi Process Human Resource Outsourcing (MPHRO) Market, By Services

32 North America Multi Process Human Resource Outsourcing (MPHRO) Market, By Country

33 U.S. Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical

34 U.S. Multi Process Human Resource Outsourcing (MPHRO) Market, By Services

35 Canada Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical

36 Canada Multi Process Human Resource Outsourcing (MPHRO) Market, By Services

37 Mexico Multi Process Human Resource Outsourcing (MPHRO) Market, By Vertical

38 Mexico Multi Process Human Resource Outsourcing (MPHRO) Market, By Services

39 Four Quadrant Positioning Matrix

40 Company Market Share Analysis

41 IBM: Company Snapshot

42 IBM: SWOT Analysis

43 IBM: Geographic Presence

44 Accenture: Company Snapshot

45 Accenture: SWOT Analysis

46 Accenture: Geographic Presence

47 ADP: Company Snapshot

48 ADP: SWOT Analysis

49 ADP: Geographic Presence

50 Alight Solutions : Company Snapshot

51 Alight Solutions : Swot Analysis

52 Alight Solutions : Geographic Presence

53 Capgemini: Company Snapshot

54 Capgemini: SWOT Analysis

55 Capgemini: Geographic Presence

56 Capita: Company Snapshot

57 Capita: SWOT Analysis

58 Capita: Geographic Presence

59 CGI : Company Snapshot

60 CGI : SWOT Analysis

61 CGI : Geographic Presence

62 Conduent: Company Snapshot

63 Conduent: SWOT Analysis

64 Conduent: Geographic Presence

65 DXC Technology, Inc.: Company Snapshot

66 DXC Technology, Inc.: SWOT Analysis

67 DXC Technology, Inc.: Geographic Presence

68 Hexaware: Company Snapshot

69 Hexaware: SWOT Analysis

70 Hexaware: Geographic Presence

71 SD Worx: Company Snapshot

72 SD Worx: SWOT Analysis

73 SD Worx: Geographic Presence

74 NGA HR: Company Snapshot

75 NGA HR: SWOT Analysis

76 NGA HR: Geographic Presence

77 Neeyamo: Company Snapshot

78 Neeyamo: SWOT Analysis

79 Neeyamo: Geographic Presence

80 MHR: Company Snapshot

81 MHR: SWOT Analysis

82 MHR: Geographic Presence

83 Infosys: Company Snapshot

84 Infosys: SWOT Analysis

85 Infosys: Geographic Presence

86 Other Companies: Company Snapshot

87 Other Companies: SWOT Analysis

88 Other Companies: Geographic Presence

The Global Multi Process Human Resource Outsourcing (MPHRO)  Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Multi Process Human Resource Outsourcing (MPHRO)   Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Multi Process Human Resource Outsourcing (MPHRO)  Market.

Multi Process Human Resource Outsourcing (MPHRO)   Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Multi Process Human Resource Outsourcing (MPHRO)   Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Multi Process Human Resource Outsourcing (MPHRO)   Market Share

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Frequently Asked Questions

The global multi process human resource outsourcing (MPHRO) market is projected to grow at a CAGR of 7.8% from 2024 to 2029.
Accenture, ADP, Alight Solutions, Capgemini, Capita, CGI, Conduent, DXC Technology, Hexaware, IBM, Infosys, MHR, Neeyamo, NGA HR, and SD Worx, among others, are some of the key players in the global multi process human resource outsourcing (MPHRO) market.
By customizing MPHRO services to fit the need of particular sectors, such as healthcare, manufacturing, finance, or technology, companies can stand out from the competition. Additionally, there is a rising need for MPHRO services that put the employee experience first due to the increased focus on employee engagement, satisfaction, and retention. MPHRO providers can set themselves apart by providing cutting-edge solutions that improve the entire employee lifecycle, from hiring and onboarding to career development and offboarding and assisting clients.
The primary factors propelling the market growth are the increasing use of automation and digitization in human resource procedures and the rising demand for human capital management (HCM) software. Additionally, the improvements in modern technologies, such as predictive analytics, machine learning (ML), and artificial intelligence (AI) along with the growing requirement in human resource (HR) for regulatory compliance propel market growth.

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