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Services & Software

Global Benefits Administration Service Market Size, Status and Forecast 2020-2026

Benefits administration is an outsourced human resource (HR) service which specializes in enrolling and maintaining employee benefits. Employee benefits can include health insurance, life insurance, vacation time, sick time, pensions, and individual retirement accounts. Providers of these services track the usage and availability of benefits, for both the employer and employees’ use, and ensure compliance with governmental regulations.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Benefits Administration Service market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Benefits Administration Service industry.
Based on our recent survey, we have several different scenarios about the Benefits Administration Service YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of Benefits Administration Service will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Benefits Administration Service market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Benefits Administration Service market in terms of revenue.
Players, stakeholders, and other participants in the global Benefits Administration Service market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each end users segment in terms of revenue and forecast by each service method segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Benefits Administration Service market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each end users segment in terms of revenue for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Benefits Administration Service market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Benefits Administration Service market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Benefits Administration Service market.
The following players are covered in this report:
Lumity
Sequoia
Insperity
WageWorks
ADP
WEX
Benefit Resource
Marsh & McLennan Companies
Sun Life Assurance Company of Canada
UNUM Group
Aon Hewitt
Arthur J. Gallagher & Co.
BenefitHub
Bright Horizons Family Solutions, LLC
Alere
Trupp HR
ALLIANT INSURANCE SERVICES
AlphaStaff
AmeriHealth Administrators
Employee Benefits Administration Services
Genpact
Gradifi
Infinisource Benefit Services
PayFlex
Prestige Employee Administrators
SmartHR
Tandem
Morgan Stanley Smith Barney LLC
TRI-AD
Benefits Administration Service Breakdown Data by Service Method
Online Service
Offline Service
Benefits Administration Service Breakdown Data by End Users
Large Enterprises
SMEs
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Benefits Administration Service Revenue
1.4 Market Analysis by Service Method
1.4.1 Global Benefits Administration Service Market Size Growth Rate by Service Method: 2020 VS 2026
1.4.2 Online Service
1.4.3 Offline Service
1.5 Market by End Users
1.5.1 Global Benefits Administration Service Market Share by End Users: 2020 VS 2026
1.5.2 Large Enterprises
1.5.3 SMEs
1.6 Coronavirus Disease 2019 (Covid-19): Benefits Administration Service Industry Impact
1.6.1 How the Covid-19 is Affecting the Benefits Administration Service Industry
1.6.1.1 Benefits Administration Service Business Impact Assessment - Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Benefits Administration Service Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Benefits Administration Service Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

2 Global Growth Trends by Regions
2.1 Benefits Administration Service Market Perspective (2015-2026)
2.2 Benefits Administration Service Growth Trends by Regions
2.2.1 Benefits Administration Service Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Benefits Administration Service Historic Market Share by Regions (2015-2020)
2.2.3 Benefits Administration Service Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porter’s Five Forces Analysis
2.3.5 Benefits Administration Service Market Growth Strategy
2.3.6 Primary Interviews with Key Benefits Administration Service Players (Opinion Leaders)

3 Competition Landscape by Key Players
3.1 Global Top Benefits Administration Service Players by Market Size
3.1.1 Global Top Benefits Administration Service Players by Revenue (2015-2020)
3.1.2 Global Benefits Administration Service Revenue Market Share by Players (2015-2020)
3.1.3 Global Benefits Administration Service Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Benefits Administration Service Market Concentration Ratio
3.2.1 Global Benefits Administration Service Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Benefits Administration Service Revenue in 2019
3.3 Benefits Administration Service Key Players Head office and Area Served
3.4 Key Players Benefits Administration Service Product Solution and Service
3.5 Date of Enter into Benefits Administration Service Market
3.6 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Service Method (2015-2026)
4.1 Global Benefits Administration Service Historic Market Size by Service Method (2015-2020)
4.2 Global Benefits Administration Service Forecasted Market Size by Service Method (2021-2026)

5 Benefits Administration Service Breakdown Data by End Users (2015-2026)
5.1 Global Benefits Administration Service Market Size by End Users (2015-2020)
5.2 Global Benefits Administration Service Forecasted Market Size by End Users (2021-2026)

6 North America
6.1 North America Benefits Administration Service Market Size (2015-2020)
6.2 Benefits Administration Service Key Players in North America (2019-2020)
6.3 North America Benefits Administration Service Market Size by Service Method (2015-2020)
6.4 North America Benefits Administration Service Market Size by End Users (2015-2020)

7 Europe
7.1 Europe Benefits Administration Service Market Size (2015-2020)
7.2 Benefits Administration Service Key Players in Europe (2019-2020)
7.3 Europe Benefits Administration Service Market Size by Service Method (2015-2020)
7.4 Europe Benefits Administration Service Market Size by End Users (2015-2020)

8 China
8.1 China Benefits Administration Service Market Size (2015-2020)
8.2 Benefits Administration Service Key Players in China (2019-2020)
8.3 China Benefits Administration Service Market Size by Service Method (2015-2020)
8.4 China Benefits Administration Service Market Size by End Users (2015-2020)

9 Japan
9.1 Japan Benefits Administration Service Market Size (2015-2020)
9.2 Benefits Administration Service Key Players in Japan (2019-2020)
9.3 Japan Benefits Administration Service Market Size by Service Method (2015-2020)
9.4 Japan Benefits Administration Service Market Size by End Users (2015-2020)

10 Southeast Asia
10.1 Southeast Asia Benefits Administration Service Market Size (2015-2020)
10.2 Benefits Administration Service Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Benefits Administration Service Market Size by Type (2015-2020)
10.4 Southeast Asia Benefits Administration Service Market Size by Application (2015-2020)

11 India
11.1 India Benefits Administration Service Market Size (2015-2020)
11.2 Benefits Administration Service Key Players in India (2019-2020)
11.3 India Benefits Administration Service Market Size by Type (2015-2020)
11.4 India Benefits Administration Service Market Size by Application (2015-2020)

12 Central & South America
12.1 Central & South America Benefits Administration Service Market Size (2015-2020)
12.2 Benefits Administration Service Key Players in Central & South America (2019-2020)
12.3 Central & South America Benefits Administration Service Market Size by Type (2015-2020)
12.4 Central & South America Benefits Administration Service Market Size by Application (2015-2020)

13Key Players Profiles
13.1 Lumity
13.1.1 Lumity Company Details
13.1.2 Lumity Business Overview and Its Total Revenue
13.1.3 Lumity Benefits Administration Service Introduction
13.1.4 Lumity Revenue in Benefits Administration Service Business (2015-2020))
13.1.5 Lumity Recent Development
13.2 Sequoia
13.2.1 Sequoia Company Details
13.2.2 Sequoia Business Overview and Its Total Revenue
13.2.3 Sequoia Benefits Administration Service Introduction
13.2.4 Sequoia Revenue in Benefits Administration Service Business (2015-2020)
13.2.5 Sequoia Recent Development
13.3 Insperity
13.3.1 Insperity Company Details
13.3.2 Insperity Business Overview and Its Total Revenue
13.3.3 Insperity Benefits Administration Service Introduction
13.3.4 Insperity Revenue in Benefits Administration Service Business (2015-2020)
13.3.5 Insperity Recent Development
13.4 WageWorks
13.4.1 WageWorks Company Details
13.4.2 WageWorks Business Overview and Its Total Revenue
13.4.3 WageWorks Benefits Administration Service Introduction
13.4.4 WageWorks Revenue in Benefits Administration Service Business (2015-2020)
13.4.5 WageWorks Recent Development
13.5 ADP
13.5.1 ADP Company Details
13.5.2 ADP Business Overview and Its Total Revenue
13.5.3 ADP Benefits Administration Service Introduction
13.5.4 ADP Revenue in Benefits Administration Service Business (2015-2020)
13.5.5 ADP Recent Development
13.6 WEX
13.6.1 WEX Company Details
13.6.2 WEX Business Overview and Its Total Revenue
13.6.3 WEX Benefits Administration Service Introduction
13.6.4 WEX Revenue in Benefits Administration Service Business (2015-2020)
13.6.5 WEX Recent Development
13.7 Benefit Resource
13.7.1 Benefit Resource Company Details
13.7.2 Benefit Resource Business Overview and Its Total Revenue
13.7.3 Benefit Resource Benefits Administration Service Introduction
13.7.4 Benefit Resource Revenue in Benefits Administration Service Business (2015-2020)
13.7.5 Benefit Resource Recent Development
13.8 Marsh & McLennan Companies
13.8.1 Marsh & McLennan Companies Company Details
13.8.2 Marsh & McLennan Companies Business Overview and Its Total Revenue
13.8.3 Marsh & McLennan Companies Benefits Administration Service Introduction
13.8.4 Marsh & McLennan Companies Revenue in Benefits Administration Service Business (2015-2020)
13.8.5 Marsh & McLennan Companies Recent Development
13.9 Sun Life Assurance Company of Canada
13.9.1 Sun Life Assurance Company of Canada Company Details
13.9.2 Sun Life Assurance Company of Canada Business Overview and Its Total Revenue
13.9.3 Sun Life Assurance Company of Canada Benefits Administration Service Introduction
13.9.4 Sun Life Assurance Company of Canada Revenue in Benefits Administration Service Business (2015-2020)
13.9.5 Sun Life Assurance Company of Canada Recent Development
13.10 UNUM Group
13.10.1 UNUM Group Company Details
13.10.2 UNUM Group Business Overview and Its Total Revenue
13.10.3 UNUM Group Benefits Administration Service Introduction
13.10.4 UNUM Group Revenue in Benefits Administration Service Business (2015-2020)
13.10.5 UNUM Group Recent Development
13.11 Aon Hewitt
10.11.1 Aon Hewitt Company Details
10.11.2 Aon Hewitt Business Overview and Its Total Revenue
10.11.3 Aon Hewitt Benefits Administration Service Introduction
10.11.4 Aon Hewitt Revenue in Benefits Administration Service Business (2015-2020)
10.11.5 Aon Hewitt Recent Development
13.12 Arthur J. Gallagher & Co.
10.12.1 Arthur J. Gallagher & Co. Company Details
10.12.2 Arthur J. Gallagher & Co. Business Overview and Its Total Revenue
10.12.3 Arthur J. Gallagher & Co. Benefits Administration Service Introduction
10.12.4 Arthur J. Gallagher & Co. Revenue in Benefits Administration Service Business (2015-2020)
10.12.5 Arthur J. Gallagher & Co. Recent Development
13.13 BenefitHub
10.13.1 BenefitHub Company Details
10.13.2 BenefitHub Business Overview and Its Total Revenue
10.13.3 BenefitHub Benefits Administration Service Introduction
10.13.4 BenefitHub Revenue in Benefits Administration Service Business (2015-2020)
10.13.5 BenefitHub Recent Development
13.14 Bright Horizons Family Solutions, LLC
10.14.1 Bright Horizons Family Solutions, LLC Company Details
10.14.2 Bright Horizons Family Solutions, LLC Business Overview and Its Total Revenue
10.14.3 Bright Horizons Family Solutions, LLC Benefits Administration Service Introduction
10.14.4 Bright Horizons Family Solutions, LLC Revenue in Benefits Administration Service Business (2015-2020)
10.14.5 Bright Horizons Family Solutions, LLC Recent Development
13.15 Alere
10.15.1 Alere Company Details
10.15.2 Alere Business Overview and Its Total Revenue
10.15.3 Alere Benefits Administration Service Introduction
10.15.4 Alere Revenue in Benefits Administration Service Business (2015-2020)
10.15.5 Alere Recent Development
13.16 Trupp HR
10.16.1 Trupp HR Company Details
10.16.2 Trupp HR Business Overview and Its Total Revenue
10.16.3 Trupp HR Benefits Administration Service Introduction
10.16.4 Trupp HR Revenue in Benefits Administration Service Business (2015-2020)
10.16.5 Trupp HR Recent Development
13.17 ALLIANT INSURANCE SERVICES
10.17.1 ALLIANT INSURANCE SERVICES Company Details
10.17.2 ALLIANT INSURANCE SERVICES Business Overview and Its Total Revenue
10.17.3 ALLIANT INSURANCE SERVICES Benefits Administration Service Introduction
10.17.4 ALLIANT INSURANCE SERVICES Revenue in Benefits Administration Service Business (2015-2020)
10.17.5 ALLIANT INSURANCE SERVICES Recent Development
13.18 AlphaStaff
10.18.1 AlphaStaff Company Details
10.18.2 AlphaStaff Business Overview and Its Total Revenue
10.18.3 AlphaStaff Benefits Administration Service Introduction
10.18.4 AlphaStaff Revenue in Benefits Administration Service Business (2015-2020)
10.18.5 AlphaStaff Recent Development
13.19 AmeriHealth Administrators
10.19.1 AmeriHealth Administrators Company Details
10.19.2 AmeriHealth Administrators Business Overview and Its Total Revenue
10.19.3 AmeriHealth Administrators Benefits Administration Service Introduction
10.19.4 AmeriHealth Administrators Revenue in Benefits Administration Service Business (2015-2020)
10.19.5 AmeriHealth Administrators Recent Development
13.20 Employee Benefits Administration Services
10.20.1 Employee Benefits Administration Services Company Details
10.20.2 Employee Benefits Administration Services Business Overview and Its Total Revenue
10.20.3 Employee Benefits Administration Services Benefits Administration Service Introduction
10.20.4 Employee Benefits Administration Services Revenue in Benefits Administration Service Business (2015-2020)
10.20.5 Employee Benefits Administration Services Recent Development
13.21 Genpact
10.21.1 Genpact Company Details
10.21.2 Genpact Business Overview and Its Total Revenue
10.21.3 Genpact Benefits Administration Service Introduction
10.21.4 Genpact Revenue in Benefits Administration Service Business (2015-2020)
10.21.5 Genpact Recent Development
13.22 Gradifi
10.22.1 Gradifi Company Details
10.22.2 Gradifi Business Overview and Its Total Revenue
10.22.3 Gradifi Benefits Administration Service Introduction
10.22.4 Gradifi Revenue in Benefits Administration Service Business (2015-2020)
10.22.5 Gradifi Recent Development
13.23 Infinisource Benefit Services
10.23.1 Infinisource Benefit Services Company Details
10.23.2 Infinisource Benefit Services Business Overview and Its Total Revenue
10.23.3 Infinisource Benefit Services Benefits Administration Service Introduction
10.23.4 Infinisource Benefit Services Revenue in Benefits Administration Service Business (2015-2020)
10.23.5 Infinisource Benefit Services Recent Development
13.24 PayFlex
10.24.1 PayFlex Company Details
10.24.2 PayFlex Business Overview and Its Total Revenue
10.24.3 PayFlex Benefits Administration Service Introduction
10.24.4 PayFlex Revenue in Benefits Administration Service Business (2015-2020)
10.24.5 PayFlex Recent Development
13.25 Prestige Employee Administrators
10.25.1 Prestige Employee Administrators Company Details
10.25.2 Prestige Employee Administrators Business Overview and Its Total Revenue
10.25.3 Prestige Employee Administrators Benefits Administration Service Introduction
10.25.4 Prestige Employee Administrators Revenue in Benefits Administration Service Business (2015-2020)
10.25.5 Prestige Employee Administrators Recent Development
13.26 SmartHR
10.26.1 SmartHR Company Details
10.26.2 SmartHR Business Overview and Its Total Revenue
10.26.3 SmartHR Benefits Administration Service Introduction
10.26.4 SmartHR Revenue in Benefits Administration Service Business (2015-2020)
10.26.5 SmartHR Recent Development
13.27 Tandem
10.27.1 Tandem Company Details
10.27.2 Tandem Business Overview and Its Total Revenue
10.27.3 Tandem Benefits Administration Service Introduction
10.27.4 Tandem Revenue in Benefits Administration Service Business (2015-2020)
10.27.5 Tandem Recent Development
13.28 Morgan Stanley Smith Barney LLC
10.28.1 Morgan Stanley Smith Barney LLC Company Details
10.28.2 Morgan Stanley Smith Barney LLC Business Overview and Its Total Revenue
10.28.3 Morgan Stanley Smith Barney LLC Benefits Administration Service Introduction
10.28.4 Morgan Stanley Smith Barney LLC Revenue in Benefits Administration Service Business (2015-2020)
10.28.5 Morgan Stanley Smith Barney LLC Recent Development
13.29 TRI-AD
10.29.1 TRI-AD Company Details
10.29.2 TRI-AD Business Overview and Its Total Revenue
10.29.3 TRI-AD Benefits Administration Service Introduction
10.29.4 TRI-AD Revenue in Benefits Administration Service Business (2015-2020)
10.29.5 TRI-AD Recent Development

14Analyst's Viewpoints/Conclusions

15Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
  • FORMAT: PDF
  • PUBLISHED DATE: Apr, 2020
  • NO OF PAGES: 125