Global and United States PEO Services Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States PEO Services Market
This report focuses on global and United States PEO Services market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global PEO Services market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Online service accounting for % of the PEO Services global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Large Enterpries was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the PEO Services market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global PEO Services Scope and Market Size
PEO Services market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global PEO Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the PEO Services market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Online service
Offline service
Segment by Application
Large Enterpries
SMEs
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Justworks
UZIO
PeopleStrategy
Ramco HCM
PlatinumHR
Tandem HR
XcelHR
Engage PEO
Optimum
LandrumHR
Harvard PEO
MMC
Oasis
AcadiaHR
Modern HR