The fortifying progress of market players and manufacturers pushes the UAE HR outsourcing industry toward exponential growth and development. The recently published report description by Markntel Advisors, a leading consulting, data analytics, and market research firm, comprises the market players, that operate to seek futuristic opportunities and further growth & development. This analytical report describes the primary reason behind the market expansion using recent developments in the growing industry. Top market players such as TASC, launched Falek Tayyeb to accelerate the growth of Emiratization. This application is considered as region’s first recruitment app absolutely for Emirati nationals. Along with this, Dulsco Group, one of the leading UAE-born integrated solution providers with a portfolio of businesses, acquired Edinburgh-based Advance Global Recruitment Ltd, specialists in energy recruitment. This emphasis of market players towards the industry expansion facilitates lucrative growth opportunities for the upcoming future.
The report further comprises “UAE HR Outsourcing Services Market Research Report : UAE HR Outsourcing Services Industry Bifurcations - By Services (Payroll (Payroll Management, Loans & Other Benefits Processing, Payroll Master Data Management, Pension Administration, etc.), Benefits Administration (Health Insurance, Retirement Accounts, Vacations & Leaves, Employee Visa Processing Services, Employee Data Administration, etc.), Recruitment Process (Talent Acquisition, Recruiting, etc.), Learning Services (Talent Development & Management, Employee Collaboration & Engagement, etc.), Multi Process Human Resource (HR Tools, Workforce Planning & Analytics, Budgeting, Integrated HR Services, etc.), Others (Leave & Attendance Management Compliance, HR consultancy etc.)), By End-User (Government, Oil & Gas, Healthcare, Public Utilities (Aviation, Infrastructure Facilities, Ports, etc.), Others (IT & ITES, Education, etc.), Non-government, Healthcare, IT & ITES, Hospitality, BFSI, Others (E-commerce & Retail, Manufacturing, etc.)), Company ( Sovereign Group, JAMS HR Solutions, Intelligent Business Technologies LLC (IBT), HLB HAMT, Nathan & Nathan, AMS International FZ LLC, Transguard Group, Dulsco, TASC Outsourcing, Ultimate HR Solutions, Sundus Recruitment Services LLC, Al Mansoor Enterprises LLC, Axxon HR Solutions, Others), and Others Forecast (2024-2030)”, According to the report, the UAE HR Outsourcing Services Market size is valued at around USD 500 million in 2024 & is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2024-30.
Leading Segmentation Analysis Based On End-user and Service
The UAE HR Outsourcing Services market is segmented into four segments based on service, end user, and region.
Based on End-User, the market is segmented into Government, Oil & Gas, Healthcare, Public Utilities (Aviation, Infrastructure Facilities, Ports, etc.), Others (IT & ITES, Education, etc.), Non-government, Healthcare, IT & ITES, Hospitality, BFSI, Others (E-commerce & Retail, Manufacturing, etc.), Others in 2024, The Non-government segment will dominate the UAE HR Outsourcing Services Market
Based on Services, the market is segmented into Payroll (Payroll Management, Loans & Other Benefits Processing, Payroll Master Data Management, Pension Administration, etc.), Benefits Administration (Health Insurance, Retirement Accounts, Vacations & Leaves, Employee Visa Processing Services, Employee Data Administration, etc.), Recruitment Process (Talent Acquisition, Recruiting, etc.), Learning Services (Talent Development & Management, Employee Collaboration & Engagement, etc.), Multi-Process Human Resource (HR Tools, Workforce Planning & Analytics, Budgeting, Integrated HR Services, etc.), Others (Leave & Attendance Management Compliance, HR consultancy etc.), in 2024, the Payroll Management Service segment will dominate the UAE HR Outsourcing Services Market
Incorporation of Technological Advancement in HR Process Strengthens UAE Market Development
The growing adoption of technological innovation such as the integration of Artificial intelligence, Machine learning, and data analytics in HR procedures facilitates a more efficient and streamlined structure. This is the reason widespread HR service companies are using technology to improve their services. Therefore, the acceptance of technology even in the HR process aids the UAE HR Outsourcing Service Market in witnessing exponential growth.
Frequently Asked Questions (FAQs)-
- What is the expected CAGR value of the UAE HR Outsourcing Services Market during the forecast period?
- What are the trends influencing the current scenario of the UAE HR Outsourcing Services market?
- How has the industry been evolving in terms of geography & UAE HR Outsourcing Services adoption?
- Which country dominate the UAE HR Outsourcing Services in 2024?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
- Which is the Leading end-user segment in the UAE HR Outsourcing Services market?
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