IMARC Group, a leading market research company, has recently releases report titled “Recruitment Process Outsourcing (RPO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global recruitment process outsourcing (RPO) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the recruitment process outsourcing (RPO) market?
The global recruitment process outsourcing (RPO) market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.98 Billion by 2028, exhibiting a growth rate (CAGR) of 18.25% during 2023-2028.
What are recruitment process outsourcing (RPO)?
Recruitment process outsourcing (RPO) is a business strategy where an organization delegates its recruitment activities to an external provider. This service encompasses sourcing, screening, testing, interviewing, background checks, coordinating offer letters, and onboarding processes. RPO providers leverage their expertise, technology, and robust methodologies to streamline the recruitment function, leading to improved quality of hires, cost savings, and enhanced efficiency. Organizations opting for RPO can focus on their core competencies while leaving the complex task of talent acquisition to the experts. Thus, RPO is not just about filling positions, but building a strategic partnership with the provider to achieve a high-performing talent acquisition function aligning with the organization's objectives and talent needs.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/recruitment-process-outsourcing-market/requestsample
What are the growth prospects and trends in the recruitment process outsourcing (RPO) industry?
The rapid pace of globalization and the escalating competition for talent are compelling companies to seek more efficient and effective recruitment strategies which represents one of the significant factors driving the growth of the global recruitment process outsourcing (RPO) market. In addition to this, the rise of advanced technologies, such as artificial intelligence (AI) and machine learning (ML) in recruitment is adding a new dimension to RPO services, which is offering enhanced candidate sourcing, engagement, and assessment capabilities. The current trend of remote working due to the ongoing digital transformation in many industries is also contributing to the growing demand for RPO, as organizations seek agile and scalable recruitment solutions to navigate the dynamic talent landscape. Moreover, the increasing awareness of employer branding as a crucial element in attracting and retaining talent is boosting the growth of the market. RPO providers are uniquely positioned to enhance an organization's employer brand through a high-quality candidate experience. The rising integration of technology and increasing focus on strategic talent acquisition is creating a positive outlook for the market across the globe.\
Who are the key players operating in the industry?
The report covers the major market players including:
- Alexander Mann Group Limited
- Automatic Data Processing
- Cielo Inc.
- Hudson Global Inc.
- IBM Corporation
- Korn Ferry
- ManpowerGroup
- PeopleScout Inc. (Trueblue Inc.)
- Pontoon Solutions Inc. (The Adecco Group)
- Randstad N.V.
- Sevenstep
- WilsonHCG
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- On-demand RPO
- Function-based RPO
- Enterprise RPO
Service Insights:
- On-site
- Off-site
Enterprise Size Insights:
- Small and Medium Enterprises
- Large Enterprises
End Use Insights:
- BFSI
- Healthcare
- Manufacturing
- IT and Telecom
- Education
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=7860&flag=F
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
