Recruitment Process Outsourcing (RPO)
Recruitment Process Outsourcing (RPO) can increase the efficiency of recruitment and get quality hires. Lack of essential internal resources for employers to hire employees is why RPO needed. Organizations that provide Recruitment Process Outsourcing (RPO) services are liable for performing tasks including job posting, vacancy monitoring, application tracking, candidate/resume searching, resume processing, resume screening, candidate short listing, resume marketing, maintaining the database, and finding skilled recruiters.
Market Synopsis
According to the report, the global Recruitment Process Outsourcing (RPO) market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
The reduction in overhead costs of the client organizations has become the most significant factor to fuel the demand and increasing application of such outsourcing services. Moreover, the utilization of RPO solutions makes hiring much faster, easier, and productive while compared to conventional recruitment processes. This has made a majority of enterprises throughout the world turn to adopt RPO in their business in the past decades. Due to the growing penetration of the overall outsourcing concept, the Recruitment Process Outsourcing market is expected to witness notable growth over the analyzed period.
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Regional Highlight
The global Recruitment Process Outsourcing (RPO) market can be bifurcated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
As a well-known developed economy in terms of economy and technology, North America has become a most attractive market for Recruitment Process Outsourcing (RPO) systems and generated the revenue up to XX billion US dollars which is quite notable. The high penetration can be ascribed to the early adoption of such services so that having a good end-user base to generate revenue and push forward the regional industry.
Likewise, the Asia-Pacific area is estimated to emerge as another fast-expanding market for RPO solutions, both in terms of revenue and application, in the coming years. The demand for RPO service is mainly governed by the increasing number of small and medium enterprises along with the requirement for effective recruitment. Due to substantial growth through different industrial sectors in countries such as China, India and several Southeast Asia countries, the RPO market in the Asia Pacific is expected to expand nearly -fold by 2026.
Global Recruitment Process Outsourcing (RPO) Market, by Types
l On-demand RPO models
l End-to-end RPO models
Global Recruitment Process Outsourcing (RPO) Market, by End Users
l Banks
l Financial services and insurance (BFSI)
l IT & telecommunication
l IT enabled services (ITeS)
l Others
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Competitive Landscape
Important players profiled in the Global Recruitment Process Outsourcing (RPO) market report include Seven Step RPO, Randstad Holding Company, Argus Recruitment Solutions, Pinstripe, Inc., Accolo, Inc., Futurestep, Zyoin, Pontoon Solutions, The Rightthing, TalentFusion, Kelly Outsourcing and Consulting Group, Manpower Group Solutions, Alexander Mann Solutions, and etc.
In-depth Recruitment Process Outsourcing (RPO) Market Report: Intended Audience
• Recruitment Process Outsourcing (RPO) Service Providers
• Raw material suppliers of Recruitment Process Outsourcing (RPO) Hardware
• Downstream Vendors and End Users
• Recruitment Solution Company, Outsourcing Technology Corporation
• Internetwork Industry Associations and Research Bodies
• Product managers, Networks and IT Hardware industry administrator, C-level executives of the industries
• Market Research and Consulting Firms
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Years considered for the study
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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