Global Recruitment Process Outsourcing (RPO) Market : Industry Analysis
Global Recruitment Process Outsourcing (RPO) Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 22.3% through 2020 to 2027, reaching US$ XX Bn.
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Recruitment process outsourcing (RPO) is more commonly used as a method for employers to recruit direct-hire personnel, particularly in the United States. In Europe, contingent workers will also be included within that scope in some cases.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The global RPO market is majorly governed by the growing adoption of outsourcing services worldwide. Most of the companies are looking for external service providers which can aid them in reducing their overhead prices. Furthermore, outsourcing the recruitment processes to a third-party provider allows organizations to focus on their core competencies so enhancing their business operations. Outsourcing recruitment processes permits business organizations to hire candidates as per their requirements without bearing any cost internally. Additionally, the demand for RPO services has witnessed strong growth owing to their incredible advantages over traditional methods of recruitment. Because of these factors, the recruitment process outsourcing market is expected to witness high growth during 2020-2027. The report contains a detailed list of factors that will drive and restrain the growth of the recruitment process outsourcing (RPO) market.
The report covers the segments in the RPO market such as type, engagement models, and application. Based on engagement models, the on-demand segment accounting for more than XX% of the global market share, in terms of revenue. On-demand RPO denotes the service wherein, the consumer organizations transfer some of the recruitment processes to an RPO provider. This model proposal greater scalability, flexibility, and convenience to the customer organization. Hence, the segment is estimated to hold its dominant position in the market during the forecast period.
North America led the RPO market globally followed by APAC and European regions. Because of the fact, that the industries in the continent are creating considerable job opportunities; numerous recruitment agencies, RPO companies, and managed service providers are establishing their businesses in the economies. This is facilitating the recruitment companies to upsurge their annual revenues. China & India are estimated to grow significantly over the next six years thanks to high growth in industrial sectors including, pharmaceutical, healthcare, and manufacturing.
The report also focuses on global major leading industry players of the global recruitment process outsourcing (RPO) market providing information such as company profiles, product picture and specification, production, capacity, cost, and revenue.
Manpower Group is one of the leading worldwide workforce solutions companies, helps organizations transform in a fast-changing globe of work by assessing, sourcing, developing and managing the talent that allows them to win. The company develops innovative solutions for hundreds of thousands of organizations each year, providing them with skilled talent while finding meaningful, viable employment for millions of people across an extensive range of industries and skills.
The objective of the report is to present a comprehensive analysis of the Global Recruitment Process Outsourcing (RPO) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Vehicle on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Recruitment Process Outsourcing (RPO) Market dynamics, structure by analyzing the market segments and project the Global Recruitment Process Outsourcing (RPO) Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Recruitment Process Outsourcing (RPO) Market make the report investor’s guide.
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Scope of the Global Recruitment Process Outsourcing (RPO) Market: Inquire before buying
Global Recruitment Process Outsourcing (RPO) Market, by Type
• Blended RPO
Global Recruitment Process Outsourcing (RPO) Market, By Engagement Models
• End-to-end RPO models
Global Recruitment Process Outsourcing (RPO) Market, By Application
• IT and Telecom
Global Recruitment Process Outsourcing (RPO) Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Recruitment Process Outsourcing (RPO) Market
• AlexanderMann Solutions
• Aon Hewitt
• Randstad Sourceright
• Korn Ferry
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