Employment Services: A Global Strategic Business Report
San Jose, California (PRWEB) February 28, 2008
The employment services industry is vast and fragmented, comprising of numerous companies engaged in employing millions of people and generating revenues in billions of dollars. The staffing industry is highly competitive, exhibiting varied trends in the global marketplace, such as increasing demand for skilled personnel and consolidation among customers and in the industry.
United States represents the largest regional employment services market with annual revenues estimated to exceed US$116 billion in 2007. Employment services market in Asia-Pacific is projected to grow at a compounded annual rate of 8.7% over the period 2000-2010. The United Kingdom is the regional European market leader in terms of revenues for the year 2007, and also represents the fastest growing employment service market in Europe, exhibiting a compounded annual rate of 4.9% over the analyzed period.
Worldwide employment services market is highly competitive and extremely fragmented, with five major global players occupying almost 42% share of the market. Various local players dominate in discrete regional markets. The fragmented nature of the industry creates a situation wherein entry barriers are minimal. Liberalization of world economies and entry of multinational companies has paved the path for increased competition in different regional markets. Leading market participants include Adecco SA, CDI Corporation, Manpower Inc., Vedior N V, Randstad Holding NV, and Kelly Services, Inc.
"Employment Services: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Europe and others, alongside up and coming markets such as Asia-Pacific. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, and other strategic industry activities. Analytical estimates and projections are presented in terms of annual revenues in US$ over the years 2000 through 2015.
Service segments analyzed for the US market include temporary help services market, employment agencies market, and employee leasing service market. Industry sectors analyzed in case of Japanese, European and Rest of World markets include Construction & Manufacturing, Commerce, Communication & Energy, and other industries.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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