Scope of the Study
PEO software helps PEOs and administrative services organizations (ASOs) perform HR duties for client businesses. Professional employer organization (PEO) services providers are typically used by small- to medium-sized businesses (SMBs which might not be able to afford a standalone HR department to access scalable and affordable corporate HR services and support. The market of PEO software is growing due to the factors like rising adoption of cloud backup solution and services, while some of the factors like lack of awareness is hindering the market growth.
The market study is being classified by Type (On-Premise and Cloud-Based), by Application (Professional, Scientific, and Technical Services, Construction, Finance and Insurance and Others) and major geographies with country level break-up.
Justworks (United States), Atomic Hire Ltd. (United KIngdom), BambooHR (United States), Zoho (India), Conrep, Inc. (United States), Bitrix, Inc. (United States), Abel (United States), AccessPoint (United States), HROi (United States) and Zenefits (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Genesis, JazzHR, Replicon, iCIMS, The Applicant Manager and Eddy.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period.
AdvanceMarketAnalytics has segmented the market of Global PEO Software market by Type, Application and Region.
On the basis of geography, the market of PEO Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand from the End Users
- Rising Adoption of Cloud Backup Solution and Services
- Discovery in the Technical Software
- Lack of Awareness of More Advanced Features and Benefits
- Innovations and Development of PEO Software with improved Ergonomics
- Lack of Skilled and Technical Expertise
Key Target AudiencePEO Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase