An Employer of Record (EOR) is a third-party organization that takes responsibility for all formal employment tasks on behalf of another company. The EOR allows companies to legally and efficiently engage with overseas workers either in a new country or state, without having to set up a local entity or risk violating local employment laws. Hiring an EOR gives the client’s company the opportunity to manage their time more efficiently and effectively.

In businesses expanding market, also come across terms: Professional Employment Organization (PEO) and Global Employment Organization (GEO). A Professional Employment Organization (PEO) also known as an International/Global PEO, allows an enterprise to hire employees in a foreign market without the need of setting up a local entity. Although quite similar to an Employer of Record, a PEO is a service firm that generally offers a more comprehensive range of HR services. A Global Employment Organization (GEO) has properties of an EOR but is more similar to a PEO, in that it allows for the administrative HR burden to be removed from a client and instead be managed by a Global Employment Organization.

Some firms take Employer of Record (EOR) business same as PEO and we abide this attribution in corresponding situation.

The latest research study released by Market IntelliX evaluates market size and forecasts of Employer of Record in Global, including the following market information:

Global Employer of Record Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Employer of Record market was valued at 4423.6 million in 2021 and is projected to reach US$ 6877.6 million by 2028, at a CAGR of 6.5% during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Aggregator Model Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Employer of Record include Adecco, Randstad, Aquent, FoxHire, Infotree Global, Safeguard Global, Velocity Global, Globalization Partners and Shield GEO, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MI has surveyed the Employer of Record companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Market Segmentations:

Global Employer of Record Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Employer of Record Market Segment Percentages, by Type, 2021 (%)

Aggregator Model

Wholly Owned Infrastructure Model

Global Employer of Record Market, by End User, 2017-2022, 2023-2028 ($ millions)

Global Employer of Record Market Segment Percentages, by End User, 2021 (%)

SMEs

Large Enterprises

Global Employer of Record Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Employer of Record Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Employer of Record revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Employer of Record revenues share in global market, 2021 (%)

The report presents profiles of competitors in the market Some of the prominent key players covered:

Adecco

Randstad

Aquent

FoxHire

Infotree Global

Safeguard Global

Velocity Global

Globalization Partners

Shield GEO

Acumen International

Remote Team (Gusto)

Deel

Remote Technology

Elements Global Services

Papaya Global

Universal Hires

CIIC

Links International

New Horizons Global Partners

Sky Executive

Key Takeaways from this Report

Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

Analyze the sales and distribution channels across key geographies to improve top-line revenues.

Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

1 Introduction to Research & Analysis Reports

1.1 Employer of Record Market Definition

1.2 Market Segments

1.2.1 Market by Type

1.2.2 Market by End User

1.3 Global Employer of Record Market Overview

1.4 Features & Benefits of This Report

1.5 Methodology & Sources of Information

1.5.1 Research Methodology

1.5.2 Research Process

1.5.3 Base Year

1.5.4 Report Assumptions & Caveats

2 Global Employer of Record Overall Market Size

2.1 Global Employer of Record Market Size: 2021 VS 2028

2.2 Global Employer of Record Market Size, Prospects & Forecasts: 2017-2028

2.3 Key Market Trends, Opportunity, Drivers and Restraints

2.3.1 Market Opportunities & Trends

2.3.2 Market Drivers

2.3.3 Market Restraints

3 Company Landscape

3.1 Top Employer of Record Players in Global Market

3.2 Top Global Employer of Record Companies Ranked by Revenue

3.3 Global Employer of Record Revenue by Companies

3.4 Top 3 and Top 5 Employer of Record Companies in Global Market, by Revenue in 2021

3.5 Global Companies Employer of Record Product Type

3.6 Tier 1, Tier 2 and Tier 3 Employer of Record Players in Global Market

3.6.1 List of Global Tier 1 Employer of Record Companies

3.6.2 List of Global Tier 2 and Tier 3 Employer of Record Companies

4 Market Sights by Product

4.1 Overview

4.1.1 by Type - Global Employer of Record Market Size Markets, 2021 & 2028

4.1.2 Aggregator Model

4.1.3 Wholly Owned Infrastructure Model

4.2 By Type - Global Employer of Record Revenue & Forecasts

4.2.1 By Type - Global Employer of Record Revenue, 2017-2022

4.2.2 By Type - Global Employer of Record Revenue, 2023-2028

4.2.3 By Type - Global Employer of Record Revenue Market Share, 2017-2028

5 Sights by Application

5.1 Overview

5.1.1 By Application - Global Employer of Record Market Size, 2021 & 2028

5.1.2 SMEs

5.1.3 Large Enterprises

5.2 By End User - Global Employer of Record Revenue & Forecasts

5.2.1 By End User - Global Employer of Record Revenue, 2017-2022

5.2.2 By End User - Global Employer of Record Revenue, 2023-2028

5.2.3 By End User - Global Employer of Record Revenue Market Share, 2017-2028

6 Sights by Region

6.1 By Region - Global Employer of Record Market Size, 2021 & 2028

6.2 By Region - Global Employer of Record Revenue & Forecasts

6.2.1 By Region - Global Employer of Record Revenue, 2017-2022

6.2.2 By Region - Global Employer of Record Revenue, 2023-2028

6.2.3 By Region - Global Employer of Record Revenue Market Share, 2017-2028

6.3 North America

6.3.1 By Country - North America Employer of Record Revenue, 2017-2028

6.3.2 US Employer of Record Market Size, 2017-2028

6.3.3 Canada Employer of Record Market Size, 2017-2028

6.3.4 Mexico Employer of Record Market Size, 2017-2028

6.4 Europe

6.4.1 By Country - Europe Employer of Record Revenue, 2017-2028

6.4.2 Germany Employer of Record Market Size, 2017-2028

6.4.3 France Employer of Record Market Size, 2017-2028

6.4.4 U.K. Employer of Record Market Size, 2017-2028

6.4.5 Italy Employer of Record Market Size, 2017-2028

6.4.6 Russia Employer of Record Market Size, 2017-2028

6.4.7 Nordic Countries Employer of Record Market Size, 2017-2028

6.4.8 Benelux Employer of Record Market Size, 2017-2028

6.5 Asia

6.5.1 By Region - Asia Employer of Record Revenue, 2017-2028

6.5.2 China Employer of Record Market Size, 2017-2028

6.5.3 Japan Employer of Record Market Size, 2017-2028

6.5.4 South Korea Employer of Record Market Size, 2017-2028

6.5.5 Southeast Asia Employer of Record Market Size, 2017-2028

6.5.6 India Employer of Record Market Size, 2017-2028

6.6 South America

6.6.1 By Country - South America Employer of Record Revenue, 2017-2028

6.6.2 Brazil Employer of Record Market Size, 2017-2028

6.6.3 Argentina Employer of Record Market Size, 2017-2028

6.7 Middle East & Africa

6.7.1 By Country - Middle East & Africa Employer of Record Revenue, 2017-2028

6.7.2 Turkey Employer of Record Market Size, 2017-2028

6.7.3 Israel Employer of Record Market Size, 2017-2028

6.7.4 Saudi Arabia Employer of Record Market Size, 2017-2028

6.7.5 UAE Employer of Record Market Size, 2017-2028

7 Players Profiles

7.1 Adecco

7.1.1 Adecco Corporate Summary

7.1.2 Adecco Business Overview

7.1.3 Adecco Employer of Record Major Product Offerings

7.1.4 Adecco Employer of Record Revenue in Global Market (2017-2022)

7.1.5 Adecco Key News

7.2 Randstad

7.2.1 Randstad Corporate Summary

7.2.2 Randstad Business Overview

7.2.3 Randstad Employer of Record Major Product Offerings

7.2.4 Randstad Employer of Record Revenue in Global Market (2017-2022)

7.2.5 Randstad Key News

7.3 Aquent

7.3.1 Aquent Corporate Summary

7.3.2 Aquent Business Overview

7.3.3 Aquent Employer of Record Major Product Offerings

7.3.4 Aquent Employer of Record Revenue in Global Market (2017-2022)

7.3.5 Aquent Key News

7.4 FoxHire

7.4.1 FoxHire Corporate Summary

7.4.2 FoxHire Business Overview

7.4.3 FoxHire Employer of Record Major Product Offerings

7.4.4 FoxHire Employer of Record Revenue in Global Market (2017-2022)

7.4.5 FoxHire Key News

7.5 Infotree Global

7.5.1 Infotree Global Corporate Summary

7.5.2 Infotree Global Business Overview

7.5.3 Infotree Global Employer of Record Major Product Offerings

7.5.4 Infotree Global Employer of Record Revenue in Global Market (2017-2022)

7.5.5 Infotree Global Key News

7.6 Safeguard Global

7.6.1 Safeguard Global Corporate Summary

7.6.2 Safeguard Global Business Overview

7.6.3 Safeguard Global Employer of Record Major Product Offerings

7.6.4 Safeguard Global Employer of Record Revenue in Global Market (2017-2022)

7.6.5 Safeguard Global Key News

7.7 Velocity Global

7.7.1 Velocity Global Corporate Summary

7.7.2 Velocity Global Business Overview

7.7.3 Velocity Global Employer of Record Major Product Offerings

7.7.4 Velocity Global Employer of Record Revenue in Global Market (2017-2022)

7.7.5 Velocity Global Key News

7.8 Globalization Partners

7.8.1 Globalization Partners Corporate Summary

7.8.2 Globalization Partners Business Overview

7.8.3 Globalization Partners Employer of Record Major Product Offerings

7.8.4 Globalization Partners Employer of Record Revenue in Global Market (2017-2022)

7.8.5 Globalization Partners Key News

7.9 Shield GEO

7.9.1 Shield GEO Corporate Summary

7.9.2 Shield GEO Business Overview

7.9.3 Shield GEO Employer of Record Major Product Offerings

7.9.4 Shield GEO Employer of Record Revenue in Global Market (2017-2022)

7.9.5 Shield GEO Key News

7.10 Acumen International

7.10.1 Acumen International Corporate Summary

7.10.2 Acumen International Business Overview

7.10.3 Acumen International Employer of Record Major Product Offerings

7.10.4 Acumen International Employer of Record Revenue in Global Market (2017-2022)

7.10.5 Acumen International Key News

7.11 Remote Team (Gusto)

7.11.1 Remote Team (Gusto) Corporate Summary

7.11.2 Remote Team (Gusto) Business Overview

7.11.3 Remote Team (Gusto) Employer of Record Major Product Offerings

7.11.4 Remote Team (Gusto) Employer of Record Revenue in Global Market (2017-2022)

7.11.5 Remote Team (Gusto) Key News

7.12 Deel

7.12.1 Deel Corporate Summary

7.12.2 Deel Business Overview

7.12.3 Deel Employer of Record Major Product Offerings

7.12.4 Deel Employer of Record Revenue in Global Market (2017-2022)

7.12.5 Deel Key News

7.13 Remote Technology

7.13.1 Remote Technology Corporate Summary

7.13.2 Remote Technology Business Overview

7.13.3 Remote Technology Employer of Record Major Product Offerings

7.13.4 Remote Technology Employer of Record Revenue in Global Market (2017-2022)

7.13.5 Remote Technology Key News

7.14 Elements Global Services

7.14.1 Elements Global Services Corporate Summary

7.14.2 Elements Global Services Business Overview

7.14.3 Elements Global Services Employer of Record Major Product Offerings

7.14.4 Elements Global Services Employer of Record Revenue in Global Market (2017-2022)

7.14.5 Elements Global Services Key News

7.15 Papaya Global

7.15.1 Papaya Global Corporate Summary

7.15.2 Papaya Global Business Overview

7.15.3 Papaya Global Employer of Record Major Product Offerings

7.15.4 Papaya Global Employer of Record Revenue in Global Market (2017-2022)

7.15.5 Papaya Global Key News

7.16 Universal Hires

7.16.1 Universal Hires Corporate Summary

7.16.2 Universal Hires Business Overview

7.16.3 Universal Hires Employer of Record Major Product Offerings

7.16.4 Universal Hires Employer of Record Revenue in Global Market (2017-2022)

7.16.5 Universal Hires Key News

7.17 CIIC

7.17.1 CIIC Corporate Summary

7.17.2 CIIC Business Overview

7.17.3 CIIC Employer of Record Major Product Offerings

7.17.4 CIIC Employer of Record Revenue in Global Market (2017-2022)

7.17.5 CIIC Key News

7.18 Links International

7.18.1 Links International Corporate Summary

7.18.2 Links International Business Overview

7.18.3 Links International Employer of Record Major Product Offerings

7.18.4 Links International Employer of Record Revenue in Global Market (2017-2022)

7.18.5 Links International Key News

7.19 New Horizons Global Partners

7.19.1 New Horizons Global Partners Corporate Summary

7.19.2 New Horizons Global Partners Business Overview

7.19.3 New Horizons Global Partners Employer of Record Major Product Offerings

7.19.4 New Horizons Global Partners Employer of Record Revenue in Global Market (2017-2022)

7.19.5 New Horizons Global Partners Key News

7.20 Sky Executive

7.20.1 Sky Executive Corporate Summary

7.20.2 Sky Executive Business Overview

7.20.3 Sky Executive Employer of Record Major Product Offerings

7.20.4 Sky Executive Employer of Record Revenue in Global Market (2017-2022)

7.20.5 Sky Executive Key News

8 Conclusion

9 Appendix

9.1 Note

9.2 Examples of Clients

9.3 Disclaimer

List of Tables

Table 1. Employer of Record Market Opportunities & Trends in Global Market

Table 2. Employer of Record Market Drivers in Global Market

Table 3. Employer of Record Market Restraints in Global Market

Table 4. Key Players of Employer of Record in Global Market

Table 5. Top Employer of Record Players in Global Market, Ranking by Revenue (2021)

Table 6. Global Employer of Record Revenue by Companies, (US$, Mn), 2017-2022

Table 7. Global Employer of Record Revenue Share by Companies, 2017-2022

Table 8. Global Companies Employer of Record Product Type

Table 9. List of Global Tier 1 Employer of Record Companies, Revenue (US$, Mn) in 2021 and Market Share

Table 10. List of Global Tier 2 and Tier 3 Employer of Record Companies, Revenue (US$, Mn) in 2021 and Market Share

Table 11. By Type – Global Employer of Record Revenue, (US$, Mn), 2021 & 2028

Table 12. By Type - Employer of Record Revenue in Global (US$, Mn), 2017-2022

Table 13. By Type - Employer of Record Revenue in Global (US$, Mn), 2023-2028

Table 14. By End User – Global Employer of Record Revenue, (US$, Mn), 2021 & 2028

Table 15. By End User - Employer of Record Revenue in Global (US$, Mn), 2017-2022

Table 16. By End User - Employer of Record Revenue in Global (US$, Mn), 2023-2028

Table 17. By Region – Global Employer of Record Revenue, (US$, Mn), 2021 & 2028

Table 18. By Region - Global Employer of Record Revenue (US$, Mn), 2017-2022

Table 19. By Region - Global Employer of Record Revenue (US$, Mn), 2023-2028

Table 20. By Country - North America Employer of Record Revenue, (US$, Mn), 2017-2022

Table 21. By Country - North America Employer of Record Revenue, (US$, Mn), 2023-2028

Table 22. By Country - Europe Employer of Record Revenue, (US$, Mn), 2017-2022

Table 23. By Country - Europe Employer of Record Revenue, (US$, Mn), 2023-2028

Table 24. By Region - Asia Employer of Record Revenue, (US$, Mn), 2017-2022

Table 25. By Region - Asia Employer of Record Revenue, (US$, Mn), 2023-2028

Table 26. By Country - South America Employer of Record Revenue, (US$, Mn), 2017-2022

Table 27. By Country - South America Employer of Record Revenue, (US$, Mn), 2023-2028

Table 28. By Country - Middle East & Africa Employer of Record Revenue, (US$, Mn), 2017-2022

Table 29. By Country - Middle East & Africa Employer of Record Revenue, (US$, Mn), 2023-2028

Table 30. Adecco Corporate Summary

Table 31. Adecco Employer of Record Product Offerings

Table 32. Adecco Employer of Record Revenue (US$, Mn), (2017-2022)

Table 33. Randstad Corporate Summary

Table 34. Randstad Employer of Record Product Offerings

Table 35. Randstad Employer of Record Revenue (US$, Mn), (2017-2022)

Table 36. Aquent Corporate Summary

Table 37. Aquent Employer of Record Product Offerings

Table 38. Aquent Employer of Record Revenue (US$, Mn), (2017-2022)

Table 39. FoxHire Corporate Summary

Table 40. FoxHire Employer of Record Product Offerings

Table 41. FoxHire Employer of Record Revenue (US$, Mn), (2017-2022)

Table 42. Infotree Global Corporate Summary

Table 43. Infotree Global Employer of Record Product Offerings

Table 44. Infotree Global Employer of Record Revenue (US$, Mn), (2017-2022)

Table 45. Safeguard Global Corporate Summary

Table 46. Safeguard Global Employer of Record Product Offerings

Table 47. Safeguard Global Employer of Record Revenue (US$, Mn), (2017-2022)

Table 48. Velocity Global Corporate Summary

Table 49. Velocity Global Employer of Record Product Offerings

Table 50. Velocity Global Employer of Record Revenue (US$, Mn), (2017-2022)

Table 51. Globalization Partners Corporate Summary

Table 52. Globalization Partners Employer of Record Product Offerings

Table 53. Globalization Partners Employer of Record Revenue (US$, Mn), (2017-2022)

Table 54. Shield GEO Corporate Summary

Table 55. Shield GEO Employer of Record Product Offerings

Table 56. Shield GEO Employer of Record Revenue (US$, Mn), (2017-2022)

Table 57. Acumen International Corporate Summary

Table 58. Acumen International Employer of Record Product Offerings

Table 59. Acumen International Employer of Record Revenue (US$, Mn), (2017-2022)

Table 60. Remote Team (Gusto) Corporate Summary

Table 61. Remote Team (Gusto) Employer of Record Product Offerings

Table 62. Remote Team (Gusto) Employer of Record Revenue (US$, Mn), (2017-2022)

Table 63. Deel Corporate Summary

Table 64. Deel Employer of Record Product Offerings

Table 65. Deel Employer of Record Revenue (US$, Mn), (2017-2022)

Table 66. Remote Technology Corporate Summary

Table 67. Remote Technology Employer of Record Product Offerings

Table 68. Remote Technology Employer of Record Revenue (US$, Mn), (2017-2022)

Table 69. Elements Global Services Corporate Summary

Table 70. Elements Global Services Employer of Record Product Offerings

Table 71. Elements Global Services Employer of Record Revenue (US$, Mn), (2017-2022)

Table 72. Papaya Global Corporate Summary

Table 73. Papaya Global Employer of Record Product Offerings

Table 74. Papaya Global Employer of Record Revenue (US$, Mn), (2017-2022)

Table 75. Universal Hires Corporate Summary

Table 76. Universal Hires Employer of Record Product Offerings

Table 77. Universal Hires Employer of Record Revenue (US$, Mn), (2017-2022)

Table 78. CIIC Corporate Summary

Table 79. CIIC Employer of Record Product Offerings

Table 80. CIIC Employer of Record Revenue (US$, Mn), (2017-2022)

Table 81. Links International Corporate Summary

Table 82. Links International Employer of Record Product Offerings

Table 83. Links International Employer of Record Revenue (US$, Mn), (2017-2022)

Table 84. New Horizons Global Partners Corporate Summary

Table 85. New Horizons Global Partners Employer of Record Product Offerings

Table 86. New Horizons Global Partners Employer of Record Revenue (US$, Mn), (2017-2022)

Table 87. Sky Executive Corporate Summary

Table 88. Sky Executive Employer of Record Product Offerings

Table 89. Sky Executive Employer of Record Revenue (US$, Mn), (2017-2022)

List of Figures

Figure 1. Employer of Record Segment by Type in 2021

Figure 2. Employer of Record Segment by End User in 2021

Figure 3. Global Employer of Record Market Overview: 2021

Figure 4. Key Caveats

Figure 5. Global Employer of Record Market Size: 2021 VS 2028 (US$, Mn)

Figure 6. Global Employer of Record Revenue, 2017-2028 (US$, Mn)

Figure 7. The Top 3 and 5 Players Market Share by Employer of Record Revenue in 2021

Figure 8. By Type - Global Employer of Record Revenue Market Share, 2017-2028

Figure 9. By End User - Global Employer of Record Revenue Market Share, 2017-2028

Figure 10. By Region - Global Employer of Record Revenue Market Share, 2017-2028

Figure 11. By Country - North America Employer of Record Revenue Market Share, 2017-2028

Figure 12. US Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 13. Canada Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 14. Mexico Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 15. By Country - Europe Employer of Record Revenue Market Share, 2017-2028

Figure 16. Germany Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 17. France Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 18. U.K. Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 19. Italy Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 20. Russia Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 21. Nordic Countries Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 22. Benelux Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 23. By Region - Asia Employer of Record Revenue Market Share, 2017-2028

Figure 24. China Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 25. Japan Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 26. South Korea Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 27. Southeast Asia Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 28. India Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 29. By Country - South America Employer of Record Revenue Market Share, 2017-2028

Figure 30. Brazil Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 31. Argentina Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 32. By Country - Middle East & Africa Employer of Record Revenue Market Share, 2017-2028

Figure 33. Turkey Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 34. Israel Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 35. Saudi Arabia Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 36. UAE Employer of Record Revenue, (US$, Mn), 2017-2028

Figure 37. Adecco Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 38. Randstad Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 39. Aquent Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 40. FoxHire Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 41. Infotree Global Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 42. Safeguard Global Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 43. Velocity Global Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 44. Globalization Partners Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 45. Shield GEO Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 46. Acumen International Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 47. Remote Team (Gusto) Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 48. Deel Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 49. Remote Technology Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 50. Elements Global Services Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 51. Papaya Global Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 52. Universal Hires Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 53. CIIC Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 54. Links International Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 55. New Horizons Global Partners Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Figure 56. Sky Executive Employer of Record Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)