About Recruitment Process Outsourcing (RPO) Services
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 |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Recruitment Process Outsourcing (RPO) Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Recruitment Process Outsourcing (RPO) Services market by Type (Enterprise RPO, Project RPO, Staff Augmentation and Others) 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).
If we see Market by , the sub-segment i.e. will boost the Recruitment Process Outsourcing (RPO) Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Introduction of New Services and Softwares across the Globe and Rising need for RPO Benefits
Market Growth Drivers:
Rising Usage of Recruitment Process Outsourcing (RPO) Services in Healthcare and Manufacturing Sectors and Increasing Attrition Rate in Various Industries
Restraints:
Unavailability of Skilled Operators
Opportunities:
Rising Adoption of New Technologies can Create Opportunities for The Recruitment Process Outsourcing (RPO) Services and Increasing Demand for more Streamlined Recruiting Processes
Market Leaders and their expansionary 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.
Key Target Audience
Recruitment Process Outsourcing (RPO) Services Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.