The Global Contingent Workforce Management Market will Hit $325.7 Billion by 2028, at a CAGR of 10.1%

Published Date: 28-Feb-2023

Special Offering :

Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support

Contingent Workforce Management Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Contingent Workforce Management Market size is expected to reach $325.7 Trillion by 2028, rising at a market growth of 10.1% CAGR during the forecast period.

The Permanent Staffing segment is showcasing a CAGR of 10.6% during (2022 - 2028). This is due to compiling the most qualified individuals following the requirements of wage, experience, cultural resonance, and job description to ensure a comprehensive solution. A provider of permanent staffing solutions is responsible for locating, choosing, interviewing, and integrating the appropriate personnel into the company. In addition, the corporation provides several advantages to employees while hiring them permanently, including a provident fund for the employee's retirement, health insurance, regular holidays, etc.

The Healthcare segment acquired maximum revenue share in the Global Contingent Workforce Management Market by Industry in 2021 thereby, achieving a market value of $54.2 Trillion by 2028. The growth is attributed to the employment of contingent workforce management by a healthcare company on a temporary, per-diem, or consulting basis. Contingent workers fill up staffing gaps without necessitating the provision of benefits or the payment of employment taxes. Healthcare companies' contingent labor management may also result in cost savings. Since contingent workers are not treated as employees, employers can save money on hourly wages, payroll taxes, and benefits. These elements are driving the segment's expansion.

The North America market dominated the Global Contingent Workforce Management Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $113.3 Trillion by 2028. The Europe market is experiencing a CAGR of 9.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 10.6% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, Coupa Software, Inc., Ramco Systems Limited, Avature Limited, Beeline (New Mount Capital), The Bowen Group, CXC Global, Zeel Solutions Ltd., and Magnit (EQT AB).

Global Contingent Workforce Management Market Segmentation

By Type

  • Flexible Staffing
  • Permanent Staffing

By Industry

  • Healthcare
  • Retail Trade
  • Manufacturing & Automotive
  • BFSI
  • Government & Public Sector
  • Telecom & IT
  • Business/Professional Service
  • Pharma/biotech/medical equipment
  • Real Estate & Rental Leasing
  • Transportation & Logistics
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • SAP SE
  • Coupa Software, Inc.
  • Ramco Systems Limited
  • Avature Limited
  • Beeline (New Mount Capital)
  • The Bowen Group
  • CXC Global
  • Zeel Solutions Ltd.
  • Magnit (EQT AB)

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Contingent Workforce Management Market size & Opportunities 2022-2028

Europe Contingent Workforce Management Market & Growth Forecast 2022-2028

Asia Pacific Contingent Workforce Management Market Share & Industry Outlook to 2028

LAMEA Contingent Workforce Management Market Growth, Trends & Forecasts 2022-2028

Request a Free Sample Copy

Why Choose Us

  • 24/7 Research support
    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Information security
    Your personal and confidential information is safe and secure.