Employee Benefits Management Market Insights Video
According to Cognitive Market Research, the global Employee Benefits Management market size will be USD 44524.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 17809.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 13357.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 10240.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2226.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4%from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 890.49million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The large enterprises category is the fastest growing segment of the Employee Benefits Management industry
