The Asia Pacific Contingent Workforce Management Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).
Technology, workplace, and culture, are optimal for both their permanent personnel and their contingent labor. Making ensuring that conventional employees don’t make choices without consulting their contingent coworkers about them and that information is shared with everyone is a very typical, straightforward example of this that is culture-related. Birthdays are an excellent example of a little thing that can make a big difference; celebrating the birthdays of the contingent workers precisely like the business would celebrate any full-time employees.
The company's experience with contingent workers is also vital to HR regarding recruiting and employer branding. The temporary workers may be willing to return for a new project. The organization can add them to its talent pool if the company treats them properly and like everyone else. Or maybe they even want to work there full-time. Conversely, if they had a bad time and didn’t feel like they belonged on the squad, they probably won’t return. Also, they won’t recommend the company favorably to other (potential) prospects.
Japan is amongst the most prominent eCommerce industry in the world. Business-to-Consumer (B2C) eCommerce sales of goods increased by 8.6% in 2021 compared to the previous year, according to the annual eCommerce Market Survey published by Japan's Ministry of Economy, Trade and Industry (METI) in August 2022, which put the value of the B2C eCommerce sector at $188.1 billion. B2C sales of items increased by 32.2% as compared to 2019. The constant growth of the retail industry will require more employees to oversee the smooth function of the sector, which will surge the usage of contingent workforce management boosting the market growth in the Asia Pacific.
The China market dominated the Asia Pacific Contingent Workforce Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $27,164.7 Billion by 2028. The Japan market is estimated to grow a CAGR of 9.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 11.3% during (2022 - 2028).
Based on Type, the market is segmented into Flexible Staffing and Permanent Staffing. Based on Industry, the market is segmented into Healthcare, Retail Trade, Manufacturing & Automotive, BFSI, Government & Public Sector, Telecom & IT, Business/Professional Service, Pharma/biotech/medical equipment, Real Estate & Rental Leasing, Transportation & Logistics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Contingent Workforce Management Market is Projected to reach USD 325.7 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Coupa Software, Inc., Ramco Systems Limited, Avature Limited, Beeline (New Mount Capital), The Bowen Group, CXC Global, Zeel Solutions Ltd., and Magnit (EQT AB).
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