Global Recruitment Process Outsourcing Market, By Type (On-Demand Recruitment Process Outsourcing, Function-Based Recruitment Process Outsourcing, and Enterprise Recruitment Process Outsourcing), Service (On-site and Off-Site), Enterprise Size (Small and Medium Enterprises (SMEs) and Large Enterprises), End-Users (BFSI, Healthcare, Manufacturing, IT and Telecom, Education and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Recruitment Process Outsourcing Market
The recruitment process outsourcing market is expected to witness market growth at a rate of 11.20% in the forecast period of 2021 to 2028 and is expected to reach USD 4444.774 million by 2028. Data Bridge Market Research report on recruitment process outsourcing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the need for an effective recruiting process is escalating the growth of the recruitment process outsourcing market.
Recruitment process outsourcing (RPO) is known to be a type of business process outsourcing (BPO) where an employer transfers all or part of its employment procedures to an external service provider. An RPO provider could provide the technology, necessary staff, and methodology needed to fulfill a client's recruitment requirements.
Major factors that are expected to boost the growth of the recruitment process outsourcing market in the forecast period are the decrease in the talent acquisition spend by the organizations. Furthermore, the rise in the acceptance of outsourcing services around the world is further anticipated to propel the growth of the recruitment process outsourcing market. Moreover, outsourcing the recruitment procedures to a third-party provider allows organizations to focus on their core competencies, thereby improvises their business operations is further estimated to cushion the growth of the recruitment process outsourcing market. On the other hand, the regulatory issues are further projected to impede the growth of the recruitment process outsourcing market in the timeline period.
- In addition, the tremendous benefits over traditional methods of recruitment will further provide potential opportunities for the growth of the recruitment process outsourcing market in the coming years. However, the threat of new companies entering into the industry might further challenge the growth of the recruitment process outsourcing market in the near future.
This recruitment process outsourcing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on recruitment process outsourcing market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Recruitment Process Outsourcing Market Scope and Market Size
The recruitment process outsourcing market is segmented on the basis of type, service, enterprise size, and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the recruitment process outsourcing market has been segmented into On-demand recruitment process outsourcing, Function-based recruitment process outsourcing and Enterprise recruitment process outsourcing.
- On the basis of service, the recruitment process outsourcing market has been segmented into on-site and off-site.
- On the basis of enterprise size, the recruitment process outsourcing market has been segmented into small and medium enterprises (SMEs) and large enterprises.
- On the basis of end-use, the recruitment process outsourcing market has been segmented into BFSI, healthcare, manufacturing, IT and telecom, education and others.
Recruitment Process Outsourcing Market Country Level Analysis
The recruitment process outsourcing market is analyzed, and market size, volume information is provided by country, type, service, enterprise size, and end-use as referenced above.
The countries covered in the recruitment process outsourcing market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the recruitment process outsourcing market due to the large manufacturing and tech giant companies. Furthermore, the rise in the healthcare sector will further boost the growth of the recruitment process outsourcing market in the region during the forecast period. Asia-Pacific is projected to observe a significant amount of rising in the number of small, medium, and large organizations. Moreover, the increase in the industrial sectors, including manufacturing, healthcare, pharmaceutical, and IT is further anticipated to propel the growth recruitment process outsourcing market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recruitment Process Outsourcing Market Share Analysis
The recruitment process outsourcing market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the recruitment process outsourcing market.
The major players covered in the recruitment process outsourcing market report are ADP, Inc., Alexander Mann Solutions (AMS), Cielo, Inc., Hudson Global Inc., ManpowerGroup Inc., Korn Ferry., PeopleScout- A TrueBlue Company., WilsonHCG, Sevenstep, Permira I.P. Limited, IBM, Randstad NV, Kenexa Corporation, Infosys Limited, Boston Consulting Group, Pontoon Solutions, Inc., Pinstripe Incorporated, Orion ICS, LLC, Talent Fusion and The RightThing, LLC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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