The global Recruitment Process Outsourcing (RPO) Market size is anticipated to account for USD 20.8 billion by 2027, according to a new report by Million Insights. The market is estimated to register over 18.0% CAGR over the forecast duration. Increasing need to streamline the recruitment processes and reduce the overall hiring cost is driving the market growth. In addition, the emergence of digital tools and the growing adoption of innovative technologies such as AI and machine learning have further transformed the hiring processes.
Technology is projected to play a key role in future recruitment. The use of AI is gaining traction among enterprises for screening and sourcing candidates. These technological advancements reduce human errors and help automate the hiring processes. Moreover, social media platform and data-driven recruitment are gaining traction among enterprises.
To download the sample pdf of Recruitment Process Outsourcing Market Report “Please” click here: https://www.millioninsights.com/industry-reports/global-recruitment-process-outsourcing-rpo-market/request-sample
Large organizations are increasingly adopting RPO services owing to their global expansion and diversified business. Different countries have different rules regarding recruitment processes. Outsourcing services help in adhering to different rules across the globe while recruiting. In addition, large organizations have higher budgets for recruitment, which further, drive the adoption of RPO services.
North America and Europe led the RPO market in 2019 owing to the presence of leading enterprises in the regions. In addition, the U.S. is witnessing significant growth in the manufacturing and healthcare sectors, which in turn, is anticipated to drive the recruitment needs. The Asia Pacific also offers a lucrative growth opportunity for the industry players owing to growing manufacturing and IT hubs in countries such as China and India.
To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-recruitment-process-outsourcing-rpo-market
Further key findings from the report suggest:
• Based on the type, the on-demand segment is projected to register the considerable growth in the market over the forecast duration.
• Depending on the service, the off-site segment held the highest share in the market of more than 65.0% in 2019.
• Large enterprises were dominant and accounted for more than 68.0% share in the market in 2019.
• On the basis of end-use, the BFSI sector held the dominant share in the market in 2019 owing to their changing business models.
Million Insights has segmented the global recruitment process outsourcing market based on type, service, enterprise size, end-use and region:
RPO Type Outlook (Revenue, USD Million, 2016 – 2027)
• On-demand RPO
• Function-based RPO
• Enterprise RPO
RPO Service Outlook (Revenue, USD Million, 2016 – 2027)
• On-site
• Off-site
RPO Enterprise Size Outlook (Revenue, USD Million, 2016 – 2027)
• Small & Medium Enterprises (SMEs)
• Large Enterprises
RPO End-Use Outlook (Revenue, USD Million, 2016 – 2027)
• BFSI
• Healthcare
• Manufacturing
• IT & Telecom
• Education
• Others
RPO Regional Outlook (Revenue, USD Million, 2016 – 2027)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• The U.K.
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• The Middle East & Africa
List of Key Players of Recruitment Process Outsourcing (RPO) Market
• ADP, Inc.
• Alexander Mann Solutions
• Cielo, Inc.
• Hudson Global Inc.
• IBM Corporation
• ManpowerGroup
• Korn Ferry
• PeopleScout (TrueBlue Company)
• Pontoon Solutions
• Randstad N.V.
• Sevenstep
• WilsonHCG
Read the Latest Press Releases by Million Insights:
• Cashmere Clothing Market: The global cashmere clothing market size is expected to register a revenue of USD 3.50 Billion by the end of 2025. It is expected to grow with a CAGR of 3.96% from 2019 to 2025. This growth can be attributed to availability of finest quality cashmere yarn which is lighter, stronger and softer than the other types of wool.
• Baby Apparel Market: The global baby apparel market size is projected to value USD 198.8 billion by 2025, with a CAGR of 5.6% from 2019 to 2025. Increasing awareness for safety, comfort, and convenience of toddlers and infants are anticipated to be the major factor in surging the global market in the upcoming years.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-recruitment-process-outsourcing-rpo-market