GITNUX MARKETDATA REPORT 2024

Employer Of Record Industry Statistics

The Employer of Record industry is projected to grow significantly in the coming years, with a steady increase in the use of EOR services by businesses looking to streamline their operations and mitigate employment-related risks.

Statistic 1

"Around 60% of EOR service demand comes from emerging markets."

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Statistic 2

"The educational sector is increasingly utilizing EOR services, with a projected annual growth rate of 6.8%."

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Statistic 3

"Companies using EOR services reduce their employment-related legal risks by approximately 30%."

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Statistic 4

"Japan's market for EOR services is expected to grow by 5.2% annually over the next decade."

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Statistic 5

"Approximately 70% of companies using EOR services are small and medium enterprises (SMEs)."

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Statistic 6

"Legal and compliance services account for around 20% of the EOR industry revenue."

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Statistic 7

"The financial sector is expected to have a 10.5% CAGR in the EOR market from 2021 to 2028."

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Statistic 8

"The Asia-Pacific region is expected to witness the highest growth rate in the EOR industry during the forecast period."

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Statistic 9

"European companies using Employer of Record services increased by 15% in 2020 due to remote work trends."

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Statistic 10

"Latin America holds around 12% of the global market share in the EOR industry."

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Statistic 11

"EOR services in technology and IT sectors accounted for the largest share, 22%, of the overall market in 2020."

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Statistic 12

"North America accounted for more than 30% of the EOR market share in 2020."

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Statistic 13

"Australia's EOR market is expected to reach USD 260 million by 2028."

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Statistic 14

"A study suggests that using EOR services can reduce company overhead costs by an average of 15%."

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Statistic 15

"The healthcare industry is seeing rapid adoption of EOR services, with a projected 7% CAGR from 2021-2028."

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Statistic 16

"China is becoming the fastest-growing market for EOR services, with annual growth rates of over 8%."

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Statistic 17

"The U.S. Employer of Record service market is expected to reach USD 1.5 billion by 2025."

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Statistic 18

"The EOR industry is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028."

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Statistic 19

"The global Employer of Record (EOR) market was valued at approximately USD 4.58 billion in 2020."

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Statistic 20

"Over 35% of multinational corporations use EOR services for international hiring."

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