Recruitment Process Outsourcing (RPO) Market Drivers, Top Players, Trends, Share 2024
Global recruitment process outsourcing market to grow at a CAGR of 17.66% during the period 2017-2021.
[UKPRwire, Mon Aug 12 2019] As per the current market trends and the promising nature of the “Recruitment process outsourcing (RPO) Market”, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during the period, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.
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Recruitment process outsourcing (RPO) is a type of business process outsourcing (BPO) which includes the outsourcing of different recruitment functions of an organization to third-party vendor. The RPO solutions primarily include screening of the candidates, interview scheduling, job posting, offer execution and other important activities in the recruitment process. The major difference between the RPO providers and staffing companies is the proficient recruitment process management and responsibility of its results by the RPO providers. Outsourcing recruitment processes to a RPO provider enables the client organization to focus on their core competencies. In addition, outsourcing these processes is highly beneficial for reducing the operating costs of the organization related to the recruitment functions. This is the most significant factor fuelling the adoption of RPO solutions among different end-use industries.
The market for recruitment process outsourcing (RPO) is segmented, based on the type of engagement, into on-demand and end-to-end RPO service. On-demand RPO refers to the RPO service in which some of the recruitment services are outsourced to the RPO provider. On the contrary, end-to-end RPO refers to outsourcing of all the recruitment processes to the RPO providing company. On-demand RPO enables the client organization to have better control over the recruitment processes as only a part of recruitment process is outsourced to the providing company. Moreover, the cost of on-demand RPO is lower as compared to the end-to-end RPO solution. Due to these advantages and higher flexibility and scalability, the penetration of on-demand RPO services is currently high as compared to the end-to-end RPO solutions.
This report studies the current scenario as well as the future market potential for recruitment process outsourcing in Southeast Asia. The market for recruitment process outsourcing has been segmented into six major end-use industries, namely, banks, financial services and insurance (BFSI); information technology (IT), IT enabled services (ITeS), and telecommunication; manufacturing; healthcare and pharmaceuticals; hospitality; and others. The others segment comprises aerospace, marine and construction industries. The market for these recruitment process outsourcing systems has been extensively analyzed on the basis of factors such as types of engagement service and countries in Southeast Asia region. On the basis of engagement type, the market has been segmented into on-demand RPO and end-to-end RPO. The market size and forecasts in terms of revenue (US$ Mn) for each of these segments have been provided for the period 2010 to 2020, considering 2012 and 2013 as the base years. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period 2014 to 2020.
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Geographically, the market for RPO in Southeast Asia has been segmented into four regions, namely, Thailand, Indonesia, Vietnam and Rest of Southeast Asia (RoSEA). The market size and forecast for each region has been provided for the period 2010 to 2020 along with the CAGR (%) for the forecast period 2014 to 2020. The study also includes qualitative analysis of the competitive scenario in these regions. The overview section of the report comprises qualitative analysis of the overall market highlighting the factors determining the market dynamics such as drivers, restraints and opportunities, along with the key trends analysis.
The report also provides a section on the competitive landscape, wherein the market positioning analysis of the leading players in Southeast Asia RPO market in 2013 has been discussed. The report concludes with the profiles of major players in the Southeast Asia RPO market such as Kenexa Corporation (an IBM Corporation Company), Randstad Holding Company, Accolo, Inc., Atterro Human Capital Group, Kelly Outsourcing and Consulting Group, Cielo, Inc. (Pinstripe, Inc.), ManpowerGroup Solutions, Pontoon Solutions, Zyoin Web Pvt. Ltd., Futurestep (a Korn Ferry Company), TalentFusion, Inc., Alexander Mann Solutions and Hudson Global, Inc.
Recruitment Process Outsourcing (RPO) Market Segmentation:
Recruitment Process Outsourcing (RPO) Market, by Engagement Type
- On-demand RPO
- End-to-end RPO
Recruitment Process Outsourcing (RPO) Market, by End-use Industry
- Banks, Financial Services and Insurance (BFSI)
- IT, ITeS and Telecommunication
- Healthcare and Pharmaceuticals
- Others (Aerospace, Marine and Construction Industry)
Recruitment Process Outsourcing (RPO) Market, by Geographic Region
- Rest of Southeast Asia (RoSEA)
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