The Europe Contingent Workforce Management Market would witness market growth of 9.6% CAGR during the forecast period (2022-2028).
Business core HR system must be integrated with the technology and tools they use to manage their contingent workforce if they want to operate as a team to give their contingent workers a positive, consistent experience. Organizations will need to develop creative strategies to engage and entice contingent workers as this workforce sector expands. These strategies may include incentives in addition to bonuses, but it will be crucial always to offer enough assistance. Organizations must consider enhancing employee and contingent worker experiences while talent scarcity persists if they want to be competitive.
Nowadays, contingent employees or outsourcing are frequently utilized to do once-vital tasks (like IT, accounting, and admin). The outcome is a decrease in the core staff of a company and an increase in contingent labor. The standard HR life cycle is frequently skipped by contingent workers in businesses that use an "exclusive" strategy. This indicates that the HR procedures that have yet to be streamlined are utilized by them or the company they work for. Consider a system for swiftly onboarding personnel, managing and enhancing their performance, offboarding personnel, etc. Businesses that manage their contingent workforces in an "inclusive" manner incorporate their contingent employees in the HR cycle of the company.
Germany has a robust healthcare system, particularly regarding hospital beds, infrastructure, and skilled personnel. In Germany, the healthcare industry accounts for one in every six employees and has an economic impact of EUR 678.2 billion (USD 798 billion) or around 12% of Germany's GDP. HCT generates EUR 131.2 billion (USD 154.4 billion) in overseas sales, accounting for 8.3% of Germany's exports. The German medical equipment industry is predicted to grow at a CAGR of 5.1 percent in euro terms and 6.8 percent in US dollar terms from 2020 to 2025. This is expected to increase the utilization of contingent workforce management and drive market growth in the region.
The Germany market dominated the Europe Contingent Workforce Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $21,284 Billion by 2028. The UK market is anticipated to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Contingent Workforce Management Market will Hit $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).
Scope of the Study
Market Segments Covered in the Report:
By Type
- Flexible Staffing
- Permanent Staffing
By Industry
- Healthcare
- Retail Trade
- Manufacturing & Automotive
- BFSI
- Government & Public Sector
- Telecom & IT
- Business/Professional Service
- Pharma/biotech/medical equipment
- Real Estate & Rental Leasing
- Transportation & Logistics
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Coupa Software, Inc.
- Ramco Systems Limited
- Avature Limited
- Beeline (New Mount Capital)
- The Bowen Group
- CXC Global
- Zeel Solutions Ltd.
- Magnit (EQT AB)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Contingent Workforce Management Market, by Type
1.4.2 Europe Contingent Workforce Management Market, by Industry
1.4.3 Europe Contingent Workforce Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Contingent Workforce Management Market
Chapter 4. Europe Contingent Workforce Management Market by Type
4.1 Europe Flexible Staffing Market by Country
4.2 Europe Permanent Staffing Market by Country
Chapter 5. Europe Contingent Workforce Management Market by Industry
5.1 Europe Healthcare Market by Country
5.2 Europe Retail Trade Market by Country
5.3 Europe Manufacturing & Automotive Market by Country
5.4 Europe BFSI Market by Country
5.5 Europe Government & Public Sector Market by Country
5.6 Europe Telecom & IT Market by Country
5.7 Europe Business/Professional Service Market by Country
5.8 Europe Pharma/biotech/medical equipment Market by Country
5.9 Europe Real Estate & Rental Leasing Market by Country
5.1 Europe Transportation & Logistics Market by Country
5.11 Europe Other Industry Market by Country
Chapter 6. Europe Contingent Workforce Management Market by Country
6.1 Germany Contingent Workforce Management Market
6.1.1 Germany Contingent Workforce Management Market by Type
6.1.2 Germany Contingent Workforce Management Market by Industry
6.2 UK Contingent Workforce Management Market
6.2.1 UK Contingent Workforce Management Market by Type
6.2.2 UK Contingent Workforce Management Market by Industry
6.3 France Contingent Workforce Management Market
6.3.1 France Contingent Workforce Management Market by Type
6.3.2 France Contingent Workforce Management Market by Industry
6.4 Russia Contingent Workforce Management Market
6.4.1 Russia Contingent Workforce Management Market by Type
6.4.2 Russia Contingent Workforce Management Market by Industry
6.5 Spain Contingent Workforce Management Market
6.5.1 Spain Contingent Workforce Management Market by Type
6.5.2 Spain Contingent Workforce Management Market by Industry
6.6 Italy Contingent Workforce Management Market
6.6.1 Italy Contingent Workforce Management Market by Type
6.6.2 Italy Contingent Workforce Management Market by Industry
6.7 Rest of Europe Contingent Workforce Management Market
6.7.1 Rest of Europe Contingent Workforce Management Market by Type
6.7.2 Rest of Europe Contingent Workforce Management Market by Industry
Chapter 7. Company Profiles
7.1 SAP SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Coupa Software, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Acquisition and Mergers:
7.3 Ramco Systems Limited
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Avature Limited
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.5 Beeline (New Mount Capital)
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 The Bowen Group
7.6.1 Company Overview
7.7 CXC Global
7.7.1 Company Overview
7.8 Zeel Solutions Ltd.
7.8.1 Company Overview
7.9 Magnit (EQT AB)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.4.2 Acquisition and Mergers:
TABLE 1 Europe Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 2 Europe Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 3 Europe Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 4 Europe Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 5 Europe Flexible Staffing Market by Country, 2018 - 2021, USD Billion
TABLE 6 Europe Flexible Staffing Market by Country, 2022 - 2028, USD Billion
TABLE 7 Europe Permanent Staffing Market by Country, 2018 - 2021, USD Billion
TABLE 8 Europe Permanent Staffing Market by Country, 2022 - 2028, USD Billion
TABLE 9 Europe Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 10 Europe Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 11 Europe Healthcare Market by Country, 2018 - 2021, USD Billion
TABLE 12 Europe Healthcare Market by Country, 2022 - 2028, USD Billion
TABLE 13 Europe Retail Trade Market by Country, 2018 - 2021, USD Billion
TABLE 14 Europe Retail Trade Market by Country, 2022 - 2028, USD Billion
TABLE 15 Europe Manufacturing & Automotive Market by Country, 2018 - 2021, USD Billion
TABLE 16 Europe Manufacturing & Automotive Market by Country, 2022 - 2028, USD Billion
TABLE 17 Europe BFSI Market by Country, 2018 - 2021, USD Billion
TABLE 18 Europe BFSI Market by Country, 2022 - 2028, USD Billion
TABLE 19 Europe Government & Public Sector Market by Country, 2018 - 2021, USD Billion
TABLE 20 Europe Government & Public Sector Market by Country, 2022 - 2028, USD Billion
TABLE 21 Europe Telecom & IT Market by Country, 2018 - 2021, USD Billion
TABLE 22 Europe Telecom & IT Market by Country, 2022 - 2028, USD Billion
TABLE 23 Europe Business/Professional Service Market by Country, 2018 - 2021, USD Billion
TABLE 24 Europe Business/Professional Service Market by Country, 2022 - 2028, USD Billion
TABLE 25 Europe Pharma/biotech/medical equipment Market by Country, 2018 - 2021, USD Billion
TABLE 26 Europe Pharma/biotech/medical equipment Market by Country, 2022 - 2028, USD Billion
TABLE 27 Europe Real Estate & Rental Leasing Market by Country, 2018 - 2021, USD Billion
TABLE 28 Europe Real Estate & Rental Leasing Market by Country, 2022 - 2028, USD Billion
TABLE 29 Europe Transportation & Logistics Market by Country, 2018 - 2021, USD Billion
TABLE 30 Europe Transportation & Logistics Market by Country, 2022 - 2028, USD Billion
TABLE 31 Europe Other Industry Market by Country, 2018 - 2021, USD Billion
TABLE 32 Europe Other Industry Market by Country, 2022 - 2028, USD Billion
TABLE 33 Europe Contingent Workforce Management Market by Country, 2018 - 2021, USD Billion
TABLE 34 Europe Contingent Workforce Management Market by Country, 2022 - 2028, USD Billion
TABLE 35 Germany Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 36 Germany Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 37 Germany Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 38 Germany Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 39 Germany Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 40 Germany Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 41 UK Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 42 UK Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 43 UK Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 44 UK Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 45 UK Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 46 UK Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 47 France Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 48 France Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 49 France Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 50 France Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 51 France Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 52 France Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 53 Russia Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 54 Russia Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 55 Russia Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 56 Russia Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 57 Russia Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 58 Russia Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 59 Spain Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 60 Spain Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 61 Spain Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 62 Spain Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 63 Spain Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 64 Spain Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 65 Italy Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 66 Italy Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 67 Italy Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 68 Italy Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 69 Italy Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 70 Italy Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 71 Rest of Europe Contingent Workforce Management Market, 2018 - 2021, USD Billion
TABLE 72 Rest of Europe Contingent Workforce Management Market, 2022 - 2028, USD Billion
TABLE 73 Rest of Europe Contingent Workforce Management Market by Type, 2018 - 2021, USD Billion
TABLE 74 Rest of Europe Contingent Workforce Management Market by Type, 2022 - 2028, USD Billion
TABLE 75 Rest of Europe Contingent Workforce Management Market by Industry, 2018 - 2021, USD Billion
TABLE 76 Rest of Europe Contingent Workforce Management Market by Industry, 2022 - 2028, USD Billion
TABLE 77 Key Information – SAP SE
TABLE 78 Key information – Coupa Software, Inc.
TABLE 79 Key Information – Ramco Systems Limited
TABLE 80 Key Information – Avature Limited
TABLE 81 Key Information – beeline
TABLE 82 Key Information – The Bowen Group
TABLE 83 Key Information – CXC Global
TABLE 84 Key Information – Zeel Solutions Ltd.
TABLE 85 Key Information – Magnit
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: SAP SE
FIG 3 Recent strategies and developments: Beeline
FIG 4 Recent strategies and developments: MAgnit