Singapore Manpower Outsourcing Market Size, Share & Trends Analysis Report By Service Type (Temporary Staffing, Permanent Recruitment, Payroll & Compliance, Managed Services (MSP)), By Industry Vertical (IT & Telecom, Manufacturing, Healthcare, BFSI, Retail & E-commerce), By Organization Size (SMEs, Large Enterprises) and Forecasts, 2025-2033
USD 4500
Singapore Manpower Outsourcing Market Insights
Singapore’s manpower outsourcing market is growing due to its strategic location, business-friendly environment, and reliance on foreign labor in multiple sectors. Major drivers include digital economy growth and the need for high-skill and short-term workforce solutions. Restraints come from evolving government regulations on foreign worker quotas. Trends like automation in HR services and cross-border workforce management are transforming the market. Opportunities exist in fintech, healthcare, and logistics sectors. The market is anticipated to expand at a CAGR of 6.0% from 2024 to 2030, with continued investments in digital infrastructure supporting growth.
TABLE - Singapore Manpower Outsourcing Market Size & Forecast By Service Type 2021-2033
| Service Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Temporary Staffing | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Permanent Recruitment | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Payroll & Compliance | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Managed Services (MSP) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - Singapore Manpower Outsourcing Market Size & Forecast By Industry Vertical 2021-2033
| Industry Vertical | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IT & Telecom | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Manufacturing | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Healthcare | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| BFSI | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Retail & E-commerce | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - Singapore Manpower Outsourcing Market Size & Forecast By Organization Size 2021-2033
| Organization Size | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SMEs | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Large Enterprises | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
| Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
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