Recruitment Process Outsourcing Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DOT55 | Last Updated On: Sep 10 2020 | No. of Pages: 221 | Available Formats

> Global Recruitment Process Outsourcing Market Expected to reach at a high CAGR by 2027: DataM Intelligence

Global Recruitment Process Outsourcing Market is segmented By Type of Outsourcing (IT and telecom, Manufacturing, BFSI, Healthcare, Others), By Industry Vertical (Partially outsourced, Fully outsourced), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Recruitment Process Outsourcing Market is expected to grow at a high CAGR during the forecasting period (2020-2027). The rise in the demand for efficient recruitment processes with reduction in talent acquisition spend will drive Recruitment Process Outsourcing market in the forecast period.

Recruitment process outsourcing (RPO) is a form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider, according to the Recruitment Process Outsourcing Association (RPOA). An RPO provider can deliver the necessary staff, technology, and methodology needed to fulfill a client’s recruitment requirements.

The report covers all the major trends and drivers playing a vital role in the growth of the global Recruitment Process Outsourcing market. The global Recruitment Process Outsourcing market has been segmented based on Type of Outsourcing, Industry Vertical, and Region.

Market Dynamics

The global Recruitment Process Outsourcing market growth is primarily driven by the growing demand for efficient recruitment processes coupled with reduction in talent acquisition spend by the organizations. Under a full, end-to-end RPO solution, hiring processes are more efficient – with all permanent hiring centralized. Because RPO providers work with businesses across the globe, they also have the knowledge, experience and best practices required to deliver the best results for a client. Outsourcing recruitment through an RPO solution is one of the most effective ways for businesses to reduce their talent acquisition spend. Finding talent is a time-consuming process, even for the best talent acquisition and HR professionals.

As every business knows, time is money. According to Glassdoor, unfilled jobs in the US tech market add up to a total value of $20.1 billion, and that’s just the tech market. For every position that remains vacant within an organization, a business is losing money. RPO providers, however, can quickly fill even the most difficult roles thanks to their dedicated expertise, and their ready-made talent pools.

However, the regulatory issues will hinder the growth of the Recruitment Process Outsourcing market for the forecast period.

Market Segmentation

By Type of Outsourcing, the global Recruitment Process Outsourcing market is Partially outsourced and Fully outsourced. Fully outsourced RPO market players are responsible for conducting the entire recruitment process. Additionally, they are responsible for document verification of the hired employee. Partially outsourced RPO providers are responsible for understanding the profile requirements for the employer and search & shortlist candidates for the company. However, the market for fully outsources segment is expected to grow at a higher CAGR in the forecast period, owing to the new analytical software adoption by the industry to have more efficient and accurate recruitments.

By Industry Vertical, the global Recruitment Process Outsourcing market is segmented IT and telecom, Manufacturing, BFSI, Healthcare, and Others. IT and telecom have the dominant position in the RPO Industry vertical segment and are expected to retain its dominance in the forecasted period owing to large requirement of people now and then due to change of technology regularly. However, with the growing e-commerce retail segment will grow with a higher CAGR for the forecast period.

Regional Analysis

By geography, the global Recruitment Process Outsourcing Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

North America holds the largest market share for Recruitment Process Outsourcing Market, due to the presence of large manufacturing and tech giant companies in the region. The region is the first adopter of the RPO services. U.S. manufacturing is the largest in the world. It produces 18.2 percent of the world's goods. That's more than the entire economic output of Canada, Korea, or Mexico. Manufacturing is an essential component of gross domestic product. In 2018, it was $2.33 trillion. That drove 11.6 percent of U.S. economic output, according to the Bureau of Economic Analysis. The healthcare sector has also grown. It was grown from 5 percent of the economy in 1960 to 18 percent in 2015.

Asia Pacific region is estimated to grow considerably over the forecast period in the RPO market owing to a growing number small, medium, and large organizations. Additionally, the global expansion of organizations is expected to drive the regional market. India and China are estimated to grow in the forecast period owing to high growth in industrial sectors including manufacturing, healthcare, pharmaceutical, and IT. According to NASSCOM, the sector aggregated revenues of US$160 billion in 2017, with export revenue standing at US$99 billion and domestic revenue at US$48 billion, growing by over 13%. The United States accounts for two-thirds of India's IT services exports.

Competitive Analysis

Key players are adopting strategies such as investing in R&D, new product launches, expansion in Industry Verticals to stand out as strong competitors in the market. Global Recruitment Process Outsourcing Market is a fragmented market with the presence of various global and regional players in the market. The major players include Accenture, ADP, Hudson RPO, Infosys, and Randstad Sourceright. Other key players in the market include Alexander Mann Solutions, ManpowerGroup Solutions, Kenexa Corporation, Randstad Holdings NV, and Atterro Human Capital Group.

 

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**The global Recruitment Process Outsourcing market report would provide access to an approx., 53 market data table, 43 figures, and 150 pages.

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Table of Contents

  1. Recruitment Process Outsourcing Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Recruitment Process Outsourcing Market– Market Definition and Overview

  3. Recruitment Process Outsourcing Market– Executive Summary

    1. Market Snippet by Type of Outsourcing
    2. Market Snippet by Industry Vertical
    3. Market Snippet by Region
  4. Recruitment Process Outsourcing Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Growing attrition rate across several industries
      2. Restraints
        1. Regulatory issues  
    2. Impact Analysis
    3. Opportunities
  5. Recruitment Process Outsourcing Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
  6. Recruitment Process Outsourcing Market– By Type of Outsourcing

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type of Outsourcing
      2. Market Attractiveness Index, By Type of Outsourcing
    2. IT and telecom*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Manufacturing
    4. BFSI
    5. Healthcare
    6. Others
  7. Recruitment Process Outsourcing Market– By Industry Vertical

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry Vertical
      2. Market Attractiveness Index, By Industry Vertical
    2. Partially outsourced*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Fully outsourced
  8. Recruitment Process Outsourcing Market– By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type of Outsourcing
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry Vertical
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type of Outsourcing
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry Vertical
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type of Outsourcing
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry Vertical
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type of Outsourcing
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry Vertical
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type of Outsourcing
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Industry Vertical
  9. Recruitment Process Outsourcing Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Recruitment Process Outsourcing Market – Company Profiles

    1. Accenture*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. ADP
    3. Hudson RPO
    4. Infosys
    5. Randstad Sourceright
    6. Alexander Mann Solutions
    7. ManpowerGroup Solutions
    8. Kenexa Corporation
    9. Randstad Holdings NV
    10. Atterro Human Capital Group (**List not Exhaustive)
  11. Recruitment Process Outsourcing Market– Premium Insights

  12. Recruitment Process Outsourcing Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables
Table 1 Global Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2018,2022 & 2027 ($ Million)
Table 2 Global Recruitment Process Outsourcing Market Value, By Industry Vertical, 2018,2022 & 2027 ($ Million)
Table 3 Global Recruitment Process Outsourcing Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 4 Global Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2018,2022 & 2027 ($ Million)
Table 5 Global Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2017-2027 ($ Million)
Table 6 Global Recruitment Process Outsourcing Market Value, By Industry Vertical, 2018,2022 & 2027 ($ Million)
Table 7 Global Recruitment Process Outsourcing Market Value, By Industry Vertical, 2017-2027 ($ Million)
Table 8 Global Recruitment Process Outsourcing Market Value, By Region, 2018,2022 & 2027 ($ Million)
Table 9 Global Recruitment Process Outsourcing Market Value, By Region, 2017-2027 ($ Million)
Table 10 North America Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2017-2027 ($ Million)
Table 11 North America Recruitment Process Outsourcing Market Value, By Industry Vertical, 2017-2027 ($ Million)
Table 12 North America Recruitment Process Outsourcing Market Value, By Country, 2017-2027 ($ Million)
Table 13 South America Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2017-2027 ($ Million)
Table 14 South America Recruitment Process Outsourcing Market Value, By Industry Vertical, 2017-2027 ($ Million)
Table 15 South America Recruitment Process Outsourcing Market Value, By Country, 2017-2027 ($ Million)
Table 16 Europe Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2017-2027 ($ Million)
Table 17 Europe Recruitment Process Outsourcing Market Value, By Industry Vertical, 2017-2027 ($ Million)
Table 18 Europe Recruitment Process Outsourcing Market Value, By Country, 2017-2027 ($ Million)
Table 19 Asia-Pacific Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2017-2027 ($ Million)
Table 20 Asia-Pacific Recruitment Process Outsourcing Market Value, By Industry Vertical, 2017-2027 ($ Million)
Table 21 Asia-Pacific Recruitment Process Outsourcing Market Value, By Country, 2017-2027 ($ Million)
Table 22 Middle East & Africa Recruitment Process Outsourcing Market Value, By Type of outsourcing, 2017-2027 ($ Million)
Table 23 Middle East & Africa Recruitment Process Outsourcing Market Value, By Industry Vertical, 2017-2027 ($ Million)
Table 24 Accenture: Overview
Table 25 Accenture: Product Portfolio
Table 26 Accenture: Key Developments
Table 27 ADP: Overview
Table 28 ADP: Product Portfolio
Table 29 ADP: Key Developments
Table 30 Hudson RPO: Overview
Table 31 Hudson RPO: Product Portfolio
Table 32 Hudson RPO: Key Developments
Table 33 Infosys: Overview
Table 34 Infosys: Product Portfolio
Table 35 Infosys: Key Developments
Table 36 Randstad Sourceright: Overview
Table 37 Randstad Sourceright: Product Portfolio
Table 38 Randstad Sourceright: Key Developments
Table 39 Alexander Mann Solutions: Overview
Table 40 Alexander Mann Solutions: Product Portfolio
Table 41 Alexander Mann Solutions: Key Developments
Table 42 ManpowerGroup Solutions: Overview
Table 43 ManpowerGroup Solutions: Product Portfolio
Table 44 ManpowerGroup Solutions: Key Developments
Table 45 Kenexa Corporation: Overview
Table 46 Kenexa Corporation: Product Portfolio
Table 47 Kenexa Corporation: Key Developments
Table 48 Randstad Holdings NV: Overview
Table 49 Randstad Holdings NV: Product Portfolio
Table 50 Randstad Holdings NV: Key Developments
Table 51 Atterro Human Capital Group: Overview
Table 52 Atterro Human Capital Group: Product Portfolio
Table 53 Atterro Human Capital Group: Key Developments

List of Figures
Figure 1 Global Recruitment Process Outsourcing Market Share, By Type of outsourcing, 2018 & 2027 (%)
Figure 2 Global Recruitment Process Outsourcing Market Share, By Industry Vertical, 2018 & 2027 (%)
Figure 3 Global Recruitment Process Outsourcing Market Share, By Region, 2018 & 2027 (%)
Figure 4 Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 5 Global Recruitment Process Outsourcing Market Y-o-Y Growth, By Type of outsourcing, 2018-2027 (%)
Figure 6 Partial outsourced: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 7 Fully outsourced: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 8 Global Recruitment Process Outsourcing Market Y-o-Y Growth, By Industry Vertical, 2018-2027 (%)
Figure 9 IT and telecom: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 10 Manufacturing: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 11 BFSI: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 12 Healthcare: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 13 Others: Global Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 14 Global Recruitment Process Outsourcing Market Y-o-Y Growth, By Region, 2018-2027 (%)
Figure 15 North America Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 16 North America Recruitment Process Outsourcing Market Share, By Type of outsourcing, 2018 & 2027 (%)
Figure 17 North America Recruitment Process Outsourcing Market Share, By Industry Vertical, 2018 & 2027 (%)
Figure 18 North America Recruitment Process Outsourcing Market Share, By Country, 2018 & 2027 (%)
Figure 19 South America Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 20 South America Recruitment Process Outsourcing Market Share, By Type of outsourcing, 2018 & 2027 (%)
Figure 21 South America Recruitment Process Outsourcing Market Share, By Industry Vertical, 2018 & 2027 (%)
Figure 22 South America Recruitment Process Outsourcing Market Share, By Country, 2018 & 2027 (%)
Figure 23 Europe Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 24 Europe Recruitment Process Outsourcing Market Share, By Type of outsourcing, 2018 & 2027 (%)
Figure 25 Europe Recruitment Process Outsourcing Market Share, By Industry Vertical, 2018 & 2027 (%)
Figure 26 Europe Recruitment Process Outsourcing Market Share, By Country, 2018 & 2027 (%)
Figure 27 Asia-Pacific Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 28 Asia-Pacific Recruitment Process Outsourcing Market Share, By Type of outsourcing, 2018 & 2027 (%)
Figure 29 Asia-Pacific Recruitment Process Outsourcing Market Share, By Industry Vertical, 2018 & 2027 (%)
Figure 30 Asia-Pacific Recruitment Process Outsourcing Market Share, By Country, 2018 & 2027 (%)
Figure 31 Middle East & Africa Recruitment Process Outsourcing Market Value, 2017-2027 ($ Million)
Figure 32 Middle East & Africa Recruitment Process Outsourcing Market Share, By Type of outsourcing, 2018 & 2027 (%)
Figure 33 Middle East & Africa Recruitment Process Outsourcing Market Share, By Industry Vertical, 2018 & 2027 (%)
Figure 34 Accenture: Financials
Figure 35 ADP: Financials
Figure 36 Hudson RPO: Financials
Figure 37 Infosys: Financials
Figure 38 Randstad Sourceright: Financials
Figure 39 Alexander Mann Solutions: Financials
Figure 40 ManpowerGroup Solutions: Financials
Figure 41 Kenexa Corporation: Financials
Figure 42 Randstad Holdings NV: Financials
Figure 43 Atterro Human Capital Group: Financials

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