DUBLIN--(BUSINESS WIRE)--The "Global Temporary Labour Market Size, Share, and Growth Analysis by Type, End-user, and Region - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Temporary Labour Market was valued at USD 476.4 billion in 2021 and is poised to grow from USD 505.1 billion in 2022 to USD 768.13 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
The global temporary labor market refers to the sector of the workforce that is hired on a short-term basis to meet fluctuating business demands. Temporary workers are employed by companies to fill gaps in staffing, complete specific projects, or cover for absent employees. The temporary labor market is characterized by its flexibility and provides a cost-effective solution for businesses that require additional staffing on a temporary basis. It is a significant segment of the global labor market, with temporary workers filling a variety of roles in various industries.
Segments covered in this report
Global Temporary Labour Market is segmented based on type, end-user, and region. Based on type, the market is segmented into unskilled, clerical, management, skilled, and professional. Based on end-user, the market is categorized into healthcare, manufacturing, BFSI, FMCG and retail, IT, construction, logistics and telecom, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Driver
The expansion of the market is being driven by the increasing demand for temporary IT workers. This is further augmented by the advantages of reduced hiring expenses, along with savings on employee benefits and training costs.
Restraint
Using temporary workers could potentially create a feeling of uncertainty among permanent staff, leading to decreased productivity. In addition, customers may prefer to interact with consistent sales representatives, making the presence of temporary customer service workers a potential source of problems and a decrease in customer satisfaction.
Trend
Enterprises often experience a shortage of labor, especially during peak seasons or emergencies. In such circumstances, businesses often rely on temporary labor services to bridge the gap.
Additionally, with the advancement of technology, there is an increasing demand for skilled professionals in fields such as design engineering, digital marketing, and software application development. Temporary employees can help companies meet these demands.
The growing demand for transportation and logistics is also fueling the expansion of the market for temporary labor. Moreover, temporary employees have the flexibility to choose the organization they want to work for.
Companies Mentioned
- ManpowerGroup
- Adecco Group
- Randstad
- Kelly Services
- Allegis Group
- Hays plc
- Robert Half
- Recruit Holdings
- Staffline Group
- Synergie
- Amadeus FiRe AG
- PeopleReady
- Labor Ready
- Gevity
- TrueBlue
- Express Employment Professionals
- Aquent
- The Select Group
- Aerotek
- Volt Information Sciences
For more information about this report visit https://www.researchandmarkets.com/r/vv5qjp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
