Global Strategic Business Report on Employment Services Market – Dublin, April 29, 2024

Global Employment Services Market Expected to Reach $3.2 Trillion by 2030

Dublin, April 29, 2024 (GLOBE NEWSWIRE) — The global market for Employment Services is on track to reach an estimated $3.2 trillion by the year 2030, according to a new report from ResearchAndMarkets.com. The report, titled “Employment Services – Global Strategic Business Report,” highlights the significant growth potential of the industry, projecting a compound annual growth rate (CAGR) of 9.2% over the analysis period of 2023-2030.

One of the key drivers of this growth is the growing role of private employment services in post-COVID-19 recovery efforts. The report emphasizes the importance of these services in addressing labor market challenges, fostering job creation, and supporting economic revitalization initiatives. As the world continues to recover from the pandemic, private employment services are expected to play a crucial role in driving economic growth and employment opportunities.

The report also provides insights into the competitive landscape of the staffing industry, highlighting the top companies and their respective market shares. It discusses recent consolidation activities within the industry, such as mergers, acquisitions, and strategic partnerships, and their implications for market dynamics. Additionally, the report offers detailed analyses of the market share distribution among key players in the employment services sector, providing valuable insights for stakeholders and investors.

In terms of regional markets, the United States is estimated to have a market size of $469.9 billion in 2023, while China is forecast to grow at a CAGR of 12.4% to reach $657.2 billion by 2030. Other noteworthy geographic markets include Japan, Canada, Germany, and countries in the Asia-Pacific region, all of which are expected to see significant growth in the employment services sector.

Overall, the global employment services market is poised for substantial growth in the coming years, driven by factors such as structural changes in the labor market, the shift towards the gig economy, and the rising significance of digital technology in talent acquisition. With the industry projected to reach $3.2 trillion by 2030, stakeholders and investors are encouraged to take note of the opportunities and challenges presented by this dynamic and evolving sector.