Employee Benefit Broker Market Size, Share & Trend Analysis Report By Benefit Type, By Application (Healthcare, IT & Telecom), By Region, And Segment Forecasts, 2024 - 2030

PUBLISHED: January 8, 2024

PAGES: 130 Pages

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The global employee benefit broker market size is anticipated to reach USD 61.37 billion by 2030 and is anticipated to expand at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The growth of the employee benefits broker market can be attributed to grabbing the top talents in the industry. The perfect employee benefits package can help employers attract and retain their employees. Furthermore, these benefits make an employer stand out from the competition and eventually drive overall business growth.

The market growth is propelled by continuous technological advancements, particularly in the IT industry. Furthermore, the development of employee benefits platforms enabling employees to better communicate with HR professionals is driving the market's growth. In addition, the remote work culture and increased focus on work-life balance are anticipated to drive the market's growth.

The global pandemic had a slight positive impact on the growth of the market. As employers navigate the challenges of the pandemic and beyond, the market continues to grow, reflecting the commitment of organizations to support their employees in an ever-changing work landscape. Furthermore, employers, understanding the profound impact of the pandemic on their workforce, have adapted their benefit packages to accommodate the evolving needs of employees.

Employee Benefit Broker Market Report Highlights:

The healthcare insurance segment dominated the market in 2023. The segment's growth can be attributed to the increasing demand for healthcare insurance post the COVID-19 pandemic globally
The IT & telecom segment dominated the market in 2023. IT professionals across the globe are well-paid and expect their employers to provide perks and employee benefits
The North American region dominated the market in 2023. The presence of prominent market players and the rising demand for employee benefits by employees across the region is anticipated to fuel regional growth
The rising launches of various programs and products related to employee benefits are anticipated to fuel the growth of the market. For instance, in July 2023, City of San Diego's introduced an employee benefit program to help with childcare costs. This program was aimed at supporting the City of San Diego's workforce with a childcare benefit program

Product Code: GVR-4-68040-183-4

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
1.5. Research Scope and Assumptions
1.6. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot

Chapter 3. Market Variables, Trends, and Scope

3.1. Market Introduction/Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
  - 3.3.1.1. The employers striving to retain their employees
  - 3.3.1.2. The favorable regulatory framework
- 3.3.2. Market Challenge Impact Analysis
  - 3.3.2.1. The cost of the company
- 3.3.3. Market Opportunity Impact Analysis
  - 3.3.3.1. Employers providing employee benefit to stand out of the competition
3.4. Employee Benefit Broker Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Employee Benefit Broker Market: Benefit Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Employee Benefit Broker Market: Benefit Type Movement Analysis, USD Million, 2023 & 2030
4.3. Healthcare Insurance
- 4.3.1. Healthcare Insurance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.4. Retirement Savings Plan
- 4.4.1. Retirement Savings Plan Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.5. International Benefits
- 4.5.1. International Benefits Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 5. Employee Benefit Broker Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Employee Benefit Broker Market: Application Movement Analysis, USD Million, 2023 & 2030
5.3. Healthcare
- 5.3.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.4. IT & Telecom
- 5.4.1. IT & Telecom Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.5. Manufacturing
- 5.5.1. Manufacturing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.6. Retail
- 5.6.1. Retail Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 6. Employee Benefit Broker Market: Regional Estimates & Trend Analysis

6.1. Employee Benefit Broker Market Share, By Region, 2023 & 2030, USD Million
6.2. North America
- 6.2.1. North America Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Europe Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.3.2. U.K.
  - 6.3.2.1. UK Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.3.3. Germany
  - 6.3.3.1. Germany Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.3.4. France
  - 6.3.4.1. France Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.4.2. China
  - 6.4.2.1. China Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.4.3. India
  - 6.4.3.1. India Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.4.4. Japan
  - 6.4.4.1. Japan Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.4.5. Australia
  - 6.4.5.1. Australia Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.4.6. South Korea
  - 6.4.6.1. South Korea Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
6.5. Latin America
- 6.5.1. Latin America Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.5.3. Mexico
  - 6.5.3.1. Mexico Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.6.2. The Kingdom Of Saudi Arabia (KSA)
  - 6.6.2.1. The Kingdom Of Saudi Arabia (KSA) Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.6.3. UAE
  - 6.6.3.1. The UAE Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)
- 6.6.4. South Arica
  - 6.6.4.1. South Africa Employee Benefit Broker Market Estimates & Forecasts, 2017 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Market Positioning
7.4. Company Market Share Analysis
7.5. Company Heat Map Analysis
7.6. Strategy Mapping
- 7.6.1. Expansion
- 7.6.2. Mergers & Acquisition
- 7.6.3. Partnerships & Collaborations
- 7.6.4. New Product Launches
- 7.6.5. Research and Development
7.7. Company Profiles
- 7.7.1. AON
  - 7.7.1.1. Participant's Overview
  - 7.7.1.2. Financial Performance
  - 7.7.1.3. Product Benchmarking
  - 7.7.1.4. Recent Developments
- 7.7.2. Marsh & McLennan
  - 7.7.2.1. Participant's Overview
  - 7.7.2.2. Financial Performance
  - 7.7.2.3. Product Benchmarking
  - 7.7.2.4. Recent Developments
- 7.7.3. Willis Towers Watson
  - 7.7.3.1. Participant's Overview
  - 7.7.3.2. Financial Performance
  - 7.7.3.3. Product Benchmarking
  - 7.7.3.4. Recent Developments
- 7.7.4. Arthur J. Gallagher
  - 7.7.4.1. Participant's Overview
  - 7.7.4.2. Financial Performance
  - 7.7.4.3. Product Benchmarking
  - 7.7.4.4. Recent Developments
- 7.7.5. NFP
  - 7.7.5.1. Participant's Overview
  - 7.7.5.2. Financial Performance
  - 7.7.5.3. Product Benchmarking
  - 7.7.5.4. Recent Developments
- 7.7.6. Hub International
  - 7.7.6.1. Participant's Overview
  - 7.7.6.2. Financial Performance
  - 7.7.6.3. Product Benchmarking
  - 7.7.6.4. Recent Developments
- 7.7.7. USI
  - 7.7.7.1. Participant's Overview
  - 7.7.7.2. Financial Performance
  - 7.7.7.3. Product Benchmarking
  - 7.7.7.4. Recent Developments
- 7.7.8. Lockton
  - 7.7.8.1. Participant's Overview
  - 7.7.8.2. Financial Performance
  - 7.7.8.3. Product Benchmarking
  - 7.7.8.4. Recent Developments
- 7.7.9. Brown & Brown
  - 7.7.9.1. Participant's Overview
  - 7.7.9.2. Financial Performance
  - 7.7.9.3. Product Benchmarking
  - 7.7.9.4. Recent Developments
- 7.7.10. OneDigital Health and Benefits
  - 7.7.10.1. Participant's Overview
  - 7.7.10.2. Financial Performance
  - 7.7.10.3. Product Benchmarking
  - 7.7.10.4. Recent Developments

Product Code: GVR-4-68040-183-4

List of Tables

Table 1 Employee benefit broker market, 2017 - 2030 (USD Million)
Table 2 Global market estimates and forecasts, by region, 2017 - 2030
Table 3 Global market estimates and forecasts, by benefit type, 2017 - 2030
Table 4 Global market estimates and forecasts, by application, 2017 - 2030
Table 5 Healthcare insurance employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 6 Retirement savings plan employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 7 International benefits employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 8 Others employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 9 Healthcare employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 10 IT & telecom employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 11 Manufacturing employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 12 Retail employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 13 Others employee benefit broker market, by region, 2017 - 2030 (USD Million)
Table 14 North America employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 15 North America employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 16 U.S. employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 17 U.S. employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 18 Canada employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 19 Canada employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 20 Europe employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 21 Europe employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 22 UK employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 23 UK employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 24 Germany employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 25 Germany employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 26 France employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 27 France employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 28 Asia Pacific employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 29 Asia Pacific employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 30 China employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 31 China employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 32 India employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 33 India employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 34 Japan employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 35 Japan employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 36 Australia employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 37 Australia employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 38 South Korea employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 39 South Korea employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 40 Latin America employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 41 Latin America employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 42 Brazil employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 43 Brazil employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 44 Mexico employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 45 Mexico employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 46 Middle East & Africa employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 47 Middle East & Africa employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 48 UAE employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 49 UAE employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 50 Kingdom of Saudi Arabia (KSA) employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 51 Kingdom of Saudi Arabia (KSA) employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 52 South Africa employee benefit broker market, by benefit type, 2017 - 2030 (USD Million)
Table 53 South Africa employee benefit broker market, by application, 2017 - 2030 (USD Million)
Table 54 Company Market Share, 2023
Table 55 Company Heat Map Analysis
Table 56 Key companies undergoing expansion
Table 57 Key companies undergoing collaborations
Table 58 Key companies undergoing new product launch
Table 59 Key companies undergoing mergers & acquisitions
Table 60 Key companies undergoing other strategies

List of Figures

Fig. 1 Employee benefit broker market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and valudation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Competitive landscape snapshot
Fig. 9 Parent Market Value, 2023 (USD Million)
Fig. 10 Employee benefit broker market - Industry value chain analysis
Fig. 11 Employee benefit broker market dynamics
Fig. 12 Employee benefit broker market: Porters's analysis
Fig. 13 Employee benefit broker market: PESTEL analysis
Fig. 14 Employee benefit broker market, by benefit type: key takeaways
Fig. 15 Employee benefit broker market, by benefit type: market share, 2023 & 2030
Fig. 16 Employee benefit broker market estimates & forecasts, by healthcare insurance, 2017 - 2030 (USD Million)
Fig. 17 Employee benefit broker market estimates & forecasts, by retirement savings plan, 2017 - 2030 (USD Million)
Fig. 18 Employee benefit broker market estimates & forecasts, by international benefits, 2017 - 2030 (USD Million)
Fig. 19 Employee benefit broker market estimates & forecasts, by others, 2017 - 2030 (USD Million)
Fig. 20 Employee benefit broker market, by: application key takeaways
Fig. 21 Employee benefit broker market, by applicaition: market share, 2023 & 2030
Fig. 22 Employee benefit broker market estimates & forecasts, by healthcare, 2017 - 2030 (USD Million)
Fig. 23 Employee benefit broker market estimates & forecasts, by IT & telecom, 2017 - 2030 (USD Million)
Fig. 24 Employee benefit broker market estimates & forecasts, by manufacturing, 2017 - 2030 (USD Million)
Fig. 25 Employee benefit broker market estimates & forecasts, by retail, 2017 - 2030 (USD Million)
Fig. 26 Employee benefit broker market estimates & forecasts, by others, 2017 - 2030 (USD Million)
Fig. 27 Employee benefit broker market revenue, by region, 2023 & 2030 (USD Million)
Fig. 28 Regional marketplace: key takeways
Fig. 29 Regional marketplace: Key takeways
Fig. 30 North America employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 31 U.S. employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 32 Canada employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 33 Europe employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 34 UK employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 35 Germany employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 36 France employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 37 Asia Pacific employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 38 China employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 39 India employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 40 Japan employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 41 Australia employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 42 South Korea employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 43 Latin America employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 44 Brazil employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 45 Mexico employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 46 Middle East & Africa employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 47 The Kingdom of Saudi Arabia (KSA) employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 48 UAE employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 49 South Africa employee benefit broker market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 50 Key company categorization
Fig. 51 Company market positioning
Fig. 52 Company market share analysis, 2023
Fig. 53 Strategic framework