Industry Statistics and Trends
Human Resources Provision in Europe key trends
Economy uncertainty drives companies to restructure their workforces.
Many companies making redundancies, particularly in the tech sector, have relied on outsourcing HR services to plan and strategise for their future workforce.
HR software shakes up the markets.
Intelligent HR is on the rise, which will see artificial intelligence enhance company decision-making, streamline workplace operations and improve the employee experience.
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Human Resources Provision in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Human Resources Provision in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 3.8 % over the past five years, to reach an estimated €21.2bn in 2024.
Trends and Insights
Companies seek advice on cutting their workforce and their strategy towards employees
- Surging inflation in the two years through 2024 has prompted an economic slowdown across Europe, boosting the number of companies restructuring and making redundancies.
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Human Resources Provision in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Artificial intelligence transforms HR services across Europe
- HR software developers are a growing threat to demand for specialised HR providers, as HR systems make it easier for companies to control their HR from inhouse without having to spending significant sums. This will limit growth and cut into profitability.
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Revenue
€21.2bn
Employees
614k
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Sweden +24.3%
- Belgium +12.0%
- Luxembourg +9.0%
- Ireland-0.7%
- Bosnia & Herzegovina -4.7%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Human Resources Provision in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Automatic Data Processing Inc | N/A | N/A | N/A | |
Deloitte Touche Tohmatsu Ltd | 1,304.5 | N/A | N/A | |
Accenture plc | 64,128.6 | 8,637.5 | 13.5 |
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Human Resources Provision in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Human Resources Provision industry in Europe in 2024?
The market size of the Human Resources Provision industry in Europe is €21.2bn in 2024.
How many businesses are there in the Human Resources Provision in Europe industry in 2024?
There are 19,804 businesses in the Human Resources Provision industry in Europe, which has grown at a CAGR of 2.7 % between 2019 and 2024.
Has the Human Resources Provision industry in Europe grown or declined over the past 5 years?
The market size of the Human Resources Provision industry in Europe has been declining at a CAGR of 2.7 % between 2019 and 2024.
What is the forecast growth of the Human Resources Provision industry in Europe over the next 5 years?
Over the next five years, the Human Resources Provision industry in Europe is expected to decline.
What are the biggest companies in the Human Resources Provision market in Europe?
The biggest companies operating in the Human Resources Provision market in Europe are Automatic Data Processing Inc, Deloitte Touche Tohmatsu Ltd and Accenture plc
What does the Human Resources Provision in Europe include?
Payroll services and HR consultancy services are part of the Human Resources Provision industry.
Which companies have the highest market share in the Human Resources Provision in Europe?
The company holding the most market share in Europe is Automatic Data Processing Inc.
Which countries have the most businesses in the Human Resources Provision industry in Europe?
The European country with the most businesses in the Human Resources Provision industry is France.
How competitive is the Human Resources Provision industry in Europe?
The level of competition is high and increasing in the Human Resources Provision industry in Europe.
Related Industries
This industry is covered in 37 countries
- Human Resources Provision in Greece
- Human Resources Provision in Romania
- Human Resources Provision in Slovakia
- Human Resources Provision in Switzerland
- Human Resources Provision in Poland
- Human Resources Provision in Ireland
- Human Resources Provision in Finland
- Human Resources Provision in Bulgaria
- Human Resources Provision in Austria
- Human Resources Provision in France
- Human Resources Provision in Lithuania
- Human Resources Provision in Hungary
- Human Resources Provision in Malta
- Human Resources Provision in Croatia
- Human Resources Provision in Slovenia
- Human Resources Provision in Luxembourg
- Human Resources Provision in Russia
- Human Resources Provision in Czechia
- Human Resources Provision in Belgium
- Human Resources Provision in Sweden
- Human Resources Provision in Cyprus
- Human Resources Provision in Estonia
- Human Resources Provision in Europe
- Human Resources Provision in Spain
- Human Resources Provision in Portugal
- Human Resources Provision in Serbia
- Human Resources Provision in the Netherlands
- Human Resources Provision in Italy
- Human Resources Provision in Denmark
- Human Resources Provision in Germany
- Human Resources Provision in Latvia
- Human Resources Provision in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Human resources providers manage resources relating to employees. They complete tasks and duties for and provide information to client businesses relating to employees, payroll, employee tax contributions and other issues.
Related Terms
HR CONSULTANCY PASSPORTING LABOUR RELATIONSWhat's included in this industry?
Payroll servicesHR consultancy servicesHealth and safety trainingEmployee training programmesEmployee relations guidanceCompanies
Automatic Data Processing IncDeloitte Touche Tohmatsu LtdAccenture plcIndustry Code
783 - Other human resources provision in Europe
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Performance
Key Takeaways
Companies seek advice on cutting their workforce and their strategy towards employees
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Human Resources Provision in Europe industry (2011 -2029)
- Employees in the Human Resources Provision in Europe industry (2011 -2029)
- Business in the Human Resources Provision in Europe industry (2011 -2029)
- Profit in the Human Resources Provision in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Human Resources Provision in Europe industry?
Outlook
Analysis
What's driving the Human Resources Provision in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Human Resources Provision in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Human Resources Provision in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
More businesses seek advice on shaping their work culture and benefit schemes. Workplace benefits have become an important aspect of employer contracts and companies are relying on HR professionals to create career progression pathways.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Human Resources Provision in Europe industry's products and services performing?
Analysis
What are innovations in the Human Resources Provision in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Human Resources Provision in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Importer
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
HR companies expand by adopting advanced software. Larger HR companies are using technology to satisfy clients both online and in-person. Greater adoption of HR software has expanded the global reach of HR companies.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Automatic Data Processing Inc
- Countries of operation for Deloitte Touche Tohmatsu Ltd
- Countries of operation for Accenture plc
- Countries of operation for Ernst & Young Global Ltd
- Countries of operation for Willis Towers Watson plc
- Countries of operation for Marsh & McLennan Companies Inc
- Countries of operation for Bain & Company Inc
- Countries of operation for Aon plc
- Countries of operation for McKinsey & Company Inc
- Countries of operation for Korn Ferry
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
HR companies need to follow strict regulations. There are lots of regulations regarding recruitment, employment conditions, work contracts and firing processes. HR providers need to know how to carry out fair hiring, disciplinary and dismissal processes.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Human Resources Provision in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
HR providers rely on skilled staff. They need qualified and experienced workers, especially for consultancy, which props up spending on wages. That being said, wage costs are edging downwards in line with falling demand for HR consultancy.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Human Resources Provision in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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