Contingent Workforce Management Market to Reach $465.2 trillion, Globally, by 2031 at 10.5% CAGR: Allied Market Research
PORTLAND, Ore., March 2, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Contingent Workforce Management Market By Type (Permanent Staffing, Flexible Staffing), By End-user Industry (IT and Telecom , BFSI , Healthcare , Manufacturing- Automotive, Business/Professional Service, Retail trade, Pharma/biotech/medical equip, Manufacturing- Consumer Products, Government (Excluding Education), Transportation/warehousing/packaging, Manufacturing-Others, Real Estate and rental leasing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global contingent workforce management industry generated $171.5 trillion in 2021 and is estimated to reach $465.2 trillion by 2031 witnessing a CAGR of 10.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
- " According to the report, the global contingent workforce management industry generated $171.5 trillion in 2021 and is estimated to reach $465.2 trillion by 2031 witnessing a CAGR of 10.5% from 2022 to 2031.
- Rising population, increasing demand for flexible workforces, shifting demographics, and labor force participation rates drive the growth of the global contingent workforce management market.
- However, the emergence of AI will present new growth opportunities for the global contingent workforce management market in the coming years.
- The COVID-19 pandemic had a negative impact on the contingent workforce management industry because of the layoffs in various companies.