What is HR Consulting Market?
HR Consulting services include auditing, assessing and implementing the policies that are meant to address the organizational changes. Globally, companies are investing considerable amount of money to effectively manage their human resources activities as effective talent management has become the key for success of enterprises. Amid fierce competition, companies are focusing on tailor made training solution which requires high skill HR consultants thus, providing lucrative opportunity for service providers to expand their business presence.
Highlights from HR Consulting Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mercer LLC (United States), Willis Towers Watson (United Kingdom), Deloitte Consulting LLP (United States), Aon Hewitt (United States), McKinsey & Company (United States), Korn Ferry (United States), The Boston Consulting Group, Inc. (United States) and Accenture (Ireland) |
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global HR Consulting market throughout the forecasted period.
Mercer LLC (United States), Willis Towers Watson (United Kingdom), Deloitte Consulting LLP (United States), Aon Hewitt (United States), McKinsey & Company (United States), Korn Ferry (United States), The Boston Consulting Group, Inc. (United States) and Accenture (Ireland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Hay Group (United States), Mercer (United States), Aon Hewitt (United Kingdom), PricewaterhouseCoopers Advisory Services LLC (United Kingdom) and Bain & Company (United States). HR Consulting Market Segmentation:
Scope | Sub-Segments |
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Enterprise Size | Large Enterprise,Small & Medium Enterprise |
Deployment Type | Hosted,Cloud |
Service | Human Capital Strategy,Compensation & Benefits,Organisational Change,HR Function,Talent Management,HR Analytics,Learning & Development,HR Technology. |
End User | Academia,BFSI,Government,Healthcare,IT & Telecom,Manufacturing,Retail,Others |
On the basis of geography, the market of HR Consulting 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.
Influencing Trend:
Growing Demand for Tailor Training Solutions and Emergence of New Breed of Corporate Learning Tools
Market Growth Drivers:
Growing Need for Effective Talent Management and Rising Need for Honest Performance Assessment
Challenges:
High Dependency on HR Consultant and Loss of Control and Risk Associated with Information Leaks
Restraints:
Budgetary Impact on Small Enterprises
Opportunities:
Growing Demand for HR Consulting Services in Small and Medium Enterprises
Key Target Audience
HR Consulting Firms, End-users Industries, Government Agencies, Potential Investors, Research Institutes, Market and Research Firms and Others