Global Recruitment Process Outsourcing Market to 2022 - Industry Share,Size,Trends and Forecasts,Credence Research

Global Recruitment Process Outsourcing (RPO) Market to Reach US$ 10.67 Bn by 2022
According to a new market research report published by Credence Research “Recruitment
Process Outsourcing (RPO) (On-demand RPO and End-to-end RPO) Market - Growth, Share,
Opportunities, Competitive Analysis and Forecast 2015 - 2022” the global recruitment process
outsourcing (RPO) market was valued at US$ 3,537.2 Mn in 2014 and is estimated to expand
with a CAGR of 14.4% from 2015 to 2022.
Browse the full Recruitment Process Outsourcing (RPO) Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 - 2022, report at:
http://www.credenceresearch.com/report/recruitment-process-outsourcing-rpo-market
Market Insights
Recruitment process outsourcing (RPO) refers to an outsourced service where the client
organization handovers all or some of the recruitment processes to a third-party (RPO) vendor.
The most significant factor fueling the market growth is the reduction in overhead costs of the
client organizations. Additionally, outsourcing recruitment processes makes hiring much easier,
faster and productive as compared to the traditional recruitment processes. This has made
large number of companies across the world turn towards adoption of RPO in recent years. Due
to rising penetration of the overall outsourcing concept, the RPO market is expected to witness
strong growth in the coming years.
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.
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Competitive Insights:
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
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According to a new market research report published by Credence Research “Recruitment Process Outsourcing (RPO) (On-demand RPO and End-to-end RPO) Market - Growth, Share, Opportunities, Competitive Analysis and Forecast 2015 - 2022” the global recruitment process outsourcing (RPO) market was valued at US$ 3,537.2 Mn in 2014 and is estimated to expand with a CAGR of 14.4% from 2015 to 2022.

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