What is Recruitment Process Outsourcing (RPO) Services Market Scope?
Recruitment Process Outsourcing (RPO) is a business model where a company transfers all or some part of its permanent recruitment to an external provider. These services deliver the necessary staff, technology, and methodology to fulfill a client’s requirements. These services deliver talent acquisition services for professional and non-professional positions. Demand to increase efficiencies of recruitment functions and the need for finding sought-after quality hires can create opportunities for the Recruitment Process Outsourcing (RPO) services market. The service delivers on-site through a team of recruiters that act as an extension of the client’s talent acquisition team, off-site, or through a combination of both, across country-aligned, multi-regional or global remits.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Cielo (Brazil), Sevenstep (United States), ManpowerGroup (United States), Orion Talent (United States), PeopleScout (United States), Korn Ferry (United States), Randstad (India), WilsonHCG (United States) and IBM Corporation (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Recruitment Process Outsourcing (RPO) Services market study is being classified by Type (Enterprise RPO, Project RPO, Staff Augmentation and Others) and major geographies with country level break-up.
Global Recruitment Process Outsourcing (RPO) Services is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Services and Softwares. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Recruitment Process Outsourcing (RPO) Services market throughout the predicted period.
Cielo (Brazil), Sevenstep (United States), ManpowerGroup (United States), Orion Talent (United States), PeopleScout (United States), Korn Ferry (United States), Randstad (India), WilsonHCG (United States) and IBM Corporation (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Recruitment Process Outsourcing (RPO) Services market by Type, Application and Region.
On the basis of geography, the market of Recruitment Process Outsourcing (RPO) Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 5th March 2020, Cielo the strategic Recruitment Processor Outsourcing Partner acquires AsiaNet China, to enhance the market presence and global footprint. With this acquisition, Cielo strengthen the capabilities in RPO and executive search
On 21st January 2020, Cielo the strategic Recruitment Processor Outsourcing Partner and Josh Bersin announced the launch of new informational series named, “Guide to Talent Acquisition for Future”. The reason behind this launch is the increasing need for a comprehensive resource that consolidates talent acquisition insights and techniques in one place.
Influencing Market Trend
- Introduction of New Services and Softwares across the Globe
- Rising need for RPO Benefits
Market Drivers
- Rising Usage of Recruitment Process Outsourcing (RPO) Services in Healthcare and Manufacturing Sectors
- Increasing Attrition Rate in Various Industries
Opportunities
- Rising Adoption of New Technologies can Create Opportunities for The Recruitment Process Outsourcing (RPO) Services
- Increasing Demand for more Streamlined Recruiting Processes
Restraints
- Unavailability of Skilled Operators
Key Target Audience
Recruitment Process Outsourcing (RPO) Services Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.