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Elizabeth Rennie

Liz is HR Technology and Services Research Director at NelsonHall, with global responsibility for key HR research projects including Cloud-Based HR Transformation, Cloud-Based Benefits Services, HCM Technology, EoR, Global Payroll and The Future of HR, as part of NelsonHall's wider HR Technology & Services practice.

Global HRS Market Forecast: 2021 - 2025

Market Forecast

by Elizabeth Rennie

published on Jun 01, 2021

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Report Overview:

NelsonHall’s updated “HRS Market Forecast: 2021-2025” consists of 88 pages.

This report covers 8 of the main HRS service lines covered by NelsonHall, providing market forecasts and vendor revenue shares for each combination of service line and geography.

Who is this Report for:

NelsonHall's "Global HRS Market Forecast: 2021-2025" report is a comprehensive market forecast report designed for:

  • Sourcing managers monitoring the human resources services (HRS) industry and seeking to identify leading vendors for shortlists and RFPs
  • Executives seeking assistance in identifying levels of HRS vendor presence by service line and geography
  • Vendor marketing, sales, and business managers looking to identify market sizes and growth rates and their market share relative to their peers
  • Financial analysts and investors specializing in the support services sector.

Scope of this Report:

The report provides a forecast for the global BPS outsourcing market overall and by geography and service line.  It covers the following:

  • The HRS market size for 2020 and the forecast for the business process services market through 2021 to 2025
  • The HRS market sizes and forecasts for North America, specifically covering the U.S. and Canada; EMEA, specifically covering U.K., France, Germany, and Italy; Asia Pacific: and LatAm
  • The HRS services market sizes and forecasts by service line
  • The HRS market sizes and forecasts by combinations of service line and geography
  • Vendor revenue shares for 2020 by service line and geography.

Key Findings & Highlights:

The full breakdown of NelsonHall’s BPS market forecast and vendor market shares across 81 BPS service lines, 39 geographies, and 39 industry sectors can be obtained via NelsonHall's Self-Service Forecast Tool.

This self-service tool aims to assist executives in accessing the precise combinations of market size, growth, and vendor share information they require rapidly and cost-effectively, supporting more informed decision-making.

In particular, the "NelsonHall Self-Service Market Forecasting tool" enables executives to tailor the scope of any market forecast or vendor market share download by selecting one or multiple service lines, geographies, and industry sectors and downloading market size, growth, and vendor share information against these parameters. Furthermore, decision-makers are no longer inconvenienced by delays in the manual production of customized reports on their behalf.

The tool now covers not just business process services but has subsequently been expanded to support 13 IT outsourcing service lines, also by geography and industry sector.

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