DUBLIN--(BUSINESS WIRE)--The "Global Recruitment Process Outsourcing (RPO) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025" report has been added to Research and Markets' offering.
The global recruitment process outsourcing (RPO) market was valued at US$ 5.01 Bn in 2017 and is estimated to expand with a CAGR of 14.4% from 2017 - 2025.
RPO is popular majorly in North America and Europe where the adoption of these services dates back to early 2000's. However, Asia Pacific is estimated to emerge as the highest growing market for RPO, in terms of revenue and adoption, in the coming years. The demand for RPO service is majorly governed by the rising number of business enterprises coupled with the need for productive recruitment. Due to strong growth across various industrial sectors in countries such as China, India and some of the Southeast Asia countries, the RPO market in Asia Pacific is expected to expand nearly fourfold by 2022.
The global recruitment process outsourcing market is highly consolidated in nature with few major players contributing to over eighty percent of the total market revenue. Some of the major players in RPO market are ManpowerGroup Solutions, Alexander Mann Solutions, Hudson Global, Randstad Holding NV, Kenexa Corporation and others.
Nevertheless, these players witness significant penetration challenges due to presence of local/regional players. Most of the global RPO vendors have partnered/acquired the regional players in order to establish their presence in concerned markets. Additionally, due to increasing popularity of RPO services, more number of regional players are expected to emerge in the coming years making the market further competitive.
Key Trends:
- Acquisition of small and medium scale RPO vendors; partnership with regional RPO vendors
- Shift towards countries/regions with major labor shortage
- Offering customized and low cost solutions in order to compete with the local players
- Focus on emerging economies such as India, China, Brazil, Argentina and some of the Eastern Europe countries
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Recruitment Process Outsourcing Market Analysis, By Engagement Model
Chapter 5 Global Recruitment Process Outsourcing Market Analysis, By Industry Vertical
Chapter 6 North America Recruitment Process Outsourcing Market Analysis
Chapter 7 Europe Recruitment Process Outsourcing Market Analysis
Chapter 8 Asia Pacific Recruitment Process Outsourcing Market Analysis
Chapter 9 Rest of the World (RoW) Recruitment Process Outsourcing Market Analysis
Chapter 10 Company Profiles
- Alexander Mann Solutions
- ManpowerGroup Solutions
- Hudson Global, Inc.
- Kenexa Corporation (an IBM Company)
- Randstad Holdings NV
- ADP, LLC
- Atterro Human Capital Group
- Accolo, Inc.
- Kelly Outsourcing and Consulting Group
- Cielo, Inc.
- Futurestep (a Korn Ferry company)
- Hays Plc.
For more information about this report visit https://www.researchandmarkets.com/research/398swh/global
