Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 1.1% over the past five years, to reach an estimated $63.7bn in 2019.
Trends and Insights
- The industry has grown on account of the increased outsourcing of administrative tasks by companies across the modern economy
- Additional trends and insights available with purchase
Biggest companies in the Human Resources & Benefits Administration in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
SAS Empresarial | ||||
Human Resources Mexico S de RL | ||||
DAMSA Soluciones Integrales en Capital Humano |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Human resources administration, Employee benefits administration and Regulatory compliance administration. Human resources administration is the largest segment of the Human Resources & Benefits Administration in Mexico.
Trends and Insights
• The breakdown of products in the Human Resources and Benefits Administration industry in Mexico is in line with the other countries in the North American Free Trade Agreement.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Human Resources and Benefits Administration industry in Mexico provides a variety of administrative services to businesses that support daily business operations and functions. Operators offer assistance with financial planning, billing and record keeping, personnel, physical distribution and logistics. The industry also provides general and specialized management services on a day-to-day or contracted basis. The growth of the Mexican economy, including an associated rise in business and consumer conditions, has resulted in the overall expansions of the Human Resources and Benefits Administration industry in Mexico. Over the five years to 2019, industry revenue is expected to increase at an annualized rate of 1.1% to reach MXN $63.7 billion, including a projected rise of 2.0% in 2019 alone.
What's included in this industry?
Administrative and business management servicesExecutive management servicesHotel and motel management servicesManaging offices of dentistsManaging offices of physicians and surgeonsManaging offices of other professionalsHuman resource servicesBusiness process outsourcingRegulatory compliance servicesHealth insurance and workers' compensation claims administrationHuman resources administrationEmployee benefits administrationRegulatory compliance administrationOtherCompanies
SAS EmpresarialHuman Resources Mexico S de RLDAMSA Soluciones Integrales en Capital HumanoPurchase this report to view all 4 major companies in this industry.
Related Terms
BENEFITS ADMINISTRATIONHRMTHIRD-PARTY ADMINISTRATORIndustry Code
NAICS 56111MX - Human Resources & Benefits Administration in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Aggregate private investment. Aggregate private investment measures spending by individuals and businesses on physical structures, equipment and software. An increase in aggre...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• The breakdown of products in the Human Resources and Benefits Administration industry in Mexico is in line with the other countries in the North American Free Trade Agr...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The location of companies in the Human Resources and Benefits Administration industry in Mexico is similar to the population breakdown of the country. Establishments are typic...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Access to quality personnel management. To stay competitive, service providers must have access to high-quality personnel who are knowledgeable about changes to labor laws, be...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Founded in 1982, SAS Empresarial is a Monterrey-based human resources and benefits administration company. The company specializes in a variety of services that are relevant t...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of SAS Empresarial's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Human Resources Mexico S de RL's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of DAMSA Soluciones Integrales en Capital Humano's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for SAS Empresarial, and factors influencing its performance in the industry
- Description and key data for Human Resources Mexico S de RL, and factors influencing its performance in the industry
- Description and key data for DAMSA Soluciones Integrales en Capital Humano, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Human Resources and Benefits Administration industry in Mexico is lightly regulated. However, the industry is subject to a variety of regulations that govern the Mexico ec...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Human Resources & Benefits Administration industry in Mexico in 2019?
The market size of the Human Resources & Benefits Administration industry in Mexico is $63.7bn in 2019.
How many businesses are there in the Human Resources & Benefits Administration in Mexico industry in 2019?
There are 3,364 businesses in the Human Resources & Benefits Administration industry in Mexico, which has declined at a CAGR of 3.1% between 2014 and 2019.
Has the Human Resources & Benefits Administration industry in Mexico grown or declined over the past 5 years?
The market size of the Human Resources & Benefits Administration industry in Mexico has been at a CAGR of 1.1% between 2014 and 2019.
What is the forecast growth of the Human Resources & Benefits Administration industry in Mexico over the next 5 years?
The Human Resources & Benefits Administration in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Human Resources & Benefits Administration market in Mexico?
The biggest companies operating in the Human Resources & Benefits Administration market in Mexico are SAS Empresarial, Human Resources Mexico S de RL and DAMSA Soluciones Integrales en Capital Humano
What does the Human Resources & Benefits Administration in Mexico include?
Administrative and business management services and Executive management services are part of the Human Resources & Benefits Administration industry.
Which companies have the highest market share in the Human Resources & Benefits Administration in Mexico?
The company holding the most market share in Mexico is SAS Empresarial.
How many people are/were employed in the Human Resources & Benefits Administration in Mexico in 2019?
There are 99,558 employed in the Human Resources & Benefits Administration industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- Companies in this industry provide human resource management and administration services to client businesses, often through a co-employment relationship.
- Management consultants advise businesses, nonprofits and public-sector agencies in organizational design, human resources, corporate strategy, marketing and sales, finances and logistics.
- Companies in this industry are certified to audit the accounting records of public and private organizations and to demonstrate compliance to generally accepted accounting practices.
Methodology
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
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