Saudi Arabia HR Outsourcing Services Market’s Resilient Growth at 7.2% CAGR Forecasted till 2030
Market Overview: Saudi Arabia HR Outsourcing Services Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Saudi Arabia HR Outsourcing Services Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Saudi Arabia HR Outsourcing Services Market Insights 2024-30
The Saudi Arabia HR Outsourcing Services Market is projected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2024-2030.
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Top Players in the Saudi Arabia HR Outsourcing Services Market:
- Sovereign Group
- Nathan & Nathan
- Miza Business Solutions
- Tharwah
- Respeed
- IRSAA Business Solutions
- The First National Human Resources Company (FNRCO)
- ETISAL International
- Marcom Arabia
- Raya Customer Experience
- Others
Segmentation Analysis of Saudi Arabia HR Outsourcing Services Market
Saudi Arabia HR Outsourcing Services Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By End User
- Oil & Gas
- BFSI
- Hospitality
- Healthcare
- IT & Telecom
- Public Utilities (Aviation, Infrastructure Facilities, Ports, etc.)
- Others (Education, etc.)
The Hospitality sector is speculated to hold a prominent share of Saudi Arabia HR Outsourcing Market in the forecast years. The rapid expansion of hotels, resorts, and tourism-related businesses in Saudi Arabia is leading to several HR challenges across the hospitality business, including workforce management, ensuring compliance, and training solutions. Owing to this, the hospitality business is transitioning towards adopting HR outsourcing services to concentrate on delivering exceptional customer experiences. These include tasks like payroll, benefits, staffing, etc.
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-By Services
- Payroll (Payroll Management, Loans & Other Benefits Processing, Payroll Master Data Management, Pension Administration, etc.)- Market Size & Forecast 2024-2030F, USD Million
- Benefits Administration (Health Insurance, Retirement Accounts, Vacations & Leaves, Employee Visa Processing Services, Employee Data Administration, etc.)- Market Size & Forecast 2024-2030F, USD Million
- Recruitment Process (Talent Acquisition, Recruiting, etc.)- Market Size & Forecast 2024-2030F, USD Million
- Learning Services (Talent Development & Management, Employee Collaboration & Engagement, etc.)- Market Size & Forecast 2024-2030F, USD Million
- Multi Process Human Resource (HR Tools, Workforce Planning & Analytics, Budgeting, Integrated HR Services, etc.)- Market Size & Forecast 2024-2030F, USD Million
- Others (HR consultancy etc.)- Market Size & Forecast 2024-2030F, USD Million
A Comprehensive Geographical Analysis:
-By Region
- Central
- East
- West
- South
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