World human resource outsourcing (HRO) market is all set to exceed the US$78.8 billion mark by 2010 at a healthy CAGR of 10.71% over the 2000-2010 analysis period. As stated by the recent report published by Global Industry Analysts, Inc., the United States, with a share estimated at 48.90% in 2006, forms the largest market for Human Resource Outsourcing, while fastest growth is expected to emanate from countries in the Asian region, with a projected CAGR of 15.74% over the aforementioned period.
In terms of service sectors, payroll services market constitutes the largest outsourced service, with a share estimated at 29.34% in 2006. Fastest growth, however, is expected to emanate from the education and training services market that is expected to post a CAGR of 13.08% over the 2000-2010 analysis period. Other services independently analyzed include Benefits Administration Services market, Recruitment and Staffing Services market, Hiring Administration Services market and Other Human Resource Outsourcing Services market.
