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Recruitment Process Outsourcing Market Size, Share & Trends Analysis Report By Type (On-demand, Enterprise), By Service (On-site, Off-site), By Enterprise Size, By End Use, And Segment Forecasts, 2020 - 2027

August 2020 | 124 pages | ID: RB29897381F1EN
Grand View Research, Inc.

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Recruitment Process Outsourcing Market Growth & Trends
The global recruitment process outsourcing market size is expected to reach USD 20.8 billion by 2027, registering a CAGR of 18.5% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for streamlined recruitment processes and new hiring methodologies have augmented the growth prospects of the Recruitment Process Outsourcing (RPO) market. The emergence of the digital recruitment strategy is expected to provide a new horizon to hiring processes in terms of creating requirements that stand out, improved career site interference, and an efficient user interface.

In the coming decades, technology is expected to play a vital role in enhancing the recruitment process. HR automation is paving the way for a new age of recruitment by innovating hiring solutions across organizations. Many organizations are already using Artificial Intelligence (AI) for sourcing and screening candidates. The use of such advancements reduces human errors, manual workload, and smoothens the overall HR process. Moreover, the use of data-driven tools, mobile application platforms, and social media recruitment marketing simplifies the hiring process.

With the evolving relationship between Recruitment Process Outsourcing (RPO) providers and organizations, the complete talent solution is likely to become the main focus of the organization. RPO is not just limited to hiring people but also includes the management of people, processes, technology, and the talent acquisition strategy. RPO offers exceptional communication experience to the candidate by providing consistent, transparent, and honest feedback that can help the organization's reputation sterling. It also helps in amplifying the employer brand of the organization.

North America and Europe dominated the RPO market, whereas South America and the Middle East regions occupied relatively smaller revenue share, in 2019. Factors such as economic crisis, currency depreciation, and language barriers limit the growth of outsourced hiring activities in South America. Most employers in the Middle East have their in-house recruitment teams and RPO is yet to make inroads in the region. However, the current market scenario is expected to change in these regions owing to international brands entering the regional market. Real-estate and mega construction projects in the Middle East are expected to provide significant traction to the RPO market growth in the near future.

Recruitment Process Outsourcing Market Report Highlights
  • In terms of type, the on-demand RPO segment is expected to register significant growth over the forecast period owing to the rising demand for cost-effective and limited recruiting services
  • The provision of off-site RPO services is a scalable business model and can attract international talent on a large scale. The off-site service segment dominated the market in 2019
  • In an attempt to streamline the hiring process and build a strong employer brand, the adoption of recruitment process outsourcing services and solutions in small and medium enterprises is likely to increase over the forecast period
  • The development of labor-intensive industries in the Asia Pacific region is expected to accelerate the growth of the regional market
CHAPTER 1 MARKET SEGMENTATION AND SCOPE

1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Information Procurement
  1.3.1 Purchased Database
  1.3.2 GVR'S Internal Database
  1.3.3 Secondary Sources & Third-Party Perspectives
  1.3.4 Primary Research
1.4 Information Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing

CHAPTER 2 EXECUTIVE SUMMARY & MARKET SNAPSHOT

2.1 Market Outlook
2.2 Segmental Outlook

CHAPTER 3 RPO INDUSTRY OUTLOOK, TRENDS & SCOPE

3.1 Market Introduction
3.2 Market Size and Growth Prospects
3.3 Value Chain Analysis
3.4 Evolution of RPO
3.5 Changing Ladnscape of Talent Acquisition (TA)
3.6 Market Dynamics
  3.6.1 Market Driver Analysis
    3.6.1.1 The need for an efficient, centralized, and standard recruiting process
    3.6.1.2 Need for cost reduction
  3.6.2 Market Restraint Analysis
    3.6.2.1 Invasion of unconventional players in RPO ecosystem
3.7 Penetration & Growth Prospect Mapping
3.8 Business Environment Analysis Tools
  3.8.1 Pest Analysis
  3.8.2 Porter's Five Force Analysis
3.9 Price Point Analysis For Different RPO Models
3.10 Case Study

CHAPTER 4 RPO MARKET TYPE OUTLOOK

4.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
4.2 RPO Market: Type Movement Analysis
  4.2.1 On-demand RPO
    4.2.1.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  4.2.2 Function-based RPO
    4.2.2.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  4.2.3 Enterprise RPO
    4.2.3.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)

CHAPTER 5 RPO MARKET SERVICE OUTLOOK

5.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
5.2 RPO Market: Service Movement Analysis
  5.2.1 On-site
    5.2.1.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  5.2.2 Off-site
    5.2.2.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)

CHAPTER 6 RPO MARKET ENTERPRISE SIZE OUTLOOK

6.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
6.2 RPO Market: Enterprise Size Movement Analysis
  6.2.1 SMEs
    6.2.1.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  6.2.2 Large Enterprises
    6.2.2.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)

CHAPTER 7 RPO MARKET END USE OUTLOOK

7.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
7.2 RPO Market: End Use Movement Analysis
  7.2.1 BFSI
    7.2.1.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  7.2.2 Manufacturing
    7.2.2.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  7.2.3 Healthcare
    7.2.3.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  7.2.4 IT & Telecom
    7.2.4.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  7.2.5 Education
    7.2.5.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)
  7.2.6 Others
    7.2.6.1 Market estimates and forecast by region, 2016 - 2027 (USD Million)

CHAPTER 8 REGIONAL ESTIMATES & TREND ANALYSIS

8.1 Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
8.2 RPO Market Share by Region, 2019 & 2027
8.3 North America
  8.3.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
  8.3.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
  8.3.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
  8.3.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.3.5 The U.S.
    8.3.5.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.3.5.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.3.5.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.3.5.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.3.6 Canada
    8.3.6.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.3.6.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.3.6.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.3.6.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.3.7 Mexico
    8.3.7.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.3.7.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.3.7.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.3.7.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
8.4 Europe
  8.4.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
  8.4.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
  8.4.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
  8.4.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.4.5 Germany
    8.4.5.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.4.5.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.4.5.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.4.5.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.4.6 The U.K.
    8.4.6.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.4.6.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.4.6.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.4.6.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.4.7 France
    8.4.7.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.4.7.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.4.7.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.4.7.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
8.5 Asia Pacific
  8.5.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
  8.5.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
  8.5.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
  8.5.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.5.5 China
    8.5.5.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.5.5.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.5.5.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.5.5.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.5.6 Japan
    8.5.6.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.5.6.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.5.6.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.5.6.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.5.7 India
    8.5.7.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.3.7.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.3.7.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.3.7.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
8.6 South America
  8.6.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
  8.6.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
  8.6.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
  8.6.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
  8.6.5 Brazil
    8.6.5.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
    8.6.5.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
    8.6.5.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
    8.6.5.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)
8.7 The Middle East & Africa
  8.7.1 Market size estimates and forecast by type, 2016 - 2027 (USD Million)
  8.7.2 Market size estimates and forecast by service, 2016 - 2027 (USD Million)
  8.7.3 Market size estimates and forecast by enterprise size, 2016 - 2027 (USD Million)
  8.7.4 Market size estimates and forecast by end use, 2016 - 2027 (USD Million)

CHAPTER 9 COMPETITIVE ANALYSIS

9.1 Key Global Players, Recent Developments & Their Impact on the Industry
9.2 Key Company Categorization (Key innovators, Market leaders, Emerging players)
9.3 Market Share Analysis, 2019

CHAPTER 10 COMPETITIVE LANDSCAPE

10.1 ADP, Inc.
  10.1.1 Company overview
  10.1.2 Financial performance
  10.1.3 Product benchmarking
  10.1.4 Recent developments
10.2 Allegis Group, Inc.
  10.2.1 Company Overview
  10.2.2 Financial performance
  10.2.3 Product benchmarking
  10.2.4 Recent developments
10.3 Alexander Mann Solutions
  10.3.1 Company overview
  10.3.2 Product benchmarking
  10.3.3 Recent developments
10.4 Cielo, Inc.
  10.4.1 Company overview
  10.4.2 Product benchmarking
  10.4.3 Recent developments
10.5 Hudson Global Inc.
  10.5.1 Company overview
  10.5.2 Financial performance
  10.5.3 Product benchmarking
  10.5.4 Recent developments
10.6 IBM Corporation
  10.6.1 Company overview
  10.6.2 Financial performance
  10.6.3 Product benchmarking
  10.6.4 Recent developments
10.7 Korn Ferry
  10.7.1 Company overview
  10.7.2 Financial performance
  10.7.3 Product benchmarking
  10.7.4 Recent developments
10.8 ManpowerGroup
  10.8.1 Company overview
  10.8.2 Financial performance
  10.8.3 Product benchmarking
  10.8.4 Recent developments
10.9 PeopleScout (TrueBlue Company)
  10.9.1 Company overview
  10.9.2 Financial performance
  10.9.3 Product benchmarking
  10.9.4 Recent developments
10.10 Pontoon Solutions
  10.10.1 Company overview
  10.10.2 Product benchmarking
  10.10.3 Recent developments
10.11 Randstad N.V.
  10.11.1 Company overview
  10.11.2 Financial performance
  10.11.3 Product benchmarking
  10.11.4 Recent developments
10.12 Sevenstep
  10.12.1 Company overview
  10.12.2 Product benchmarking
  10.12.3 Recent developments
10.13 WilsonHCG
  10.13.1 Company overview
  10.13.2 Product benchmarking
  10.13.3 Recent developments

LIST OF TABLES

TABLE 1 Global RPO market, 2016 - 2027 (USD Million)
TABLE 2 Global market estimates and forecasts by type, 2016 - 2027 (USD Million)
TABLE 3 Global market estimates and forecasts by service, 2016 - 2027 (USD Million)
TABLE 4 Global market estimates and forecasts by enterprise size, 2016 - 2027 (USD Million)
TABLE 5 Global market estimates and forecasts by end use, 2016 - 2027 (USD Million)
TABLE 6 Global market estimates and forecasts by region, 2016 - 2027 (USD Million)
TABLE 7 Key driver impact
TABLE 8 Key restraint impact
TABLE 9 Global on-demand RPO market, by region, 2016 - 2027 (USD Million)
TABLE 10 Global function-based RPO market, by region, 2016 - 2027 (USD Million)
TABLE 11 Global enterprise RPO market, by region, 2016 - 2027 (USD Million)
TABLE 12 Global on-site RPO market, by region, 2016 - 2027 (USD Million)
TABLE 13 Global off-site RPO market, by region, 2016 - 2027 (USD Million)
TABLE 14 Global RPO market in SMEs, by region, 2016 - 2027 (USD Million)
TABLE 15 Global RPO market in large enterprises, by region, 2016 - 2027 (USD Million)
TABLE 16 Global RPO market in BFSI, by region, 2016 - 2027 (USD Million)
TABLE 17 Global RPO market in manufacturing, by region, 2016 - 2027 (USD Million)
TABLE 18 Global RPO market in healthcare, by region, 2016 - 2027 (USD Million)
TABLE 19 Global RPO market in IT & telecom, by region, 2016 - 2027 (USD Million)
TABLE 20 Global RPO market in education, by region, 2016 - 2027 (USD Million)
TABLE 21 Global RPO market in others, by region, 2016 - 2027 (USD Million)
TABLE 22 North America RPO market by type, 2016 - 2027 (USD Million)
TABLE 23 North America RPO market by service, 2016 - 2027 (USD Million)
TABLE 24 North America RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 25 North America RPO smarket by end use, 2016 - 2027 (USD Million)
TABLE 26 The U.S. RPO market by type 2016 - 2027 (USD Million)
TABLE 27 The U.S. RPO market by service 2016 - 2027 (USD Million)
TABLE 28 The U.S. RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 29 The U.S. RPO market by end use, 2016 - 2027 (USD Million)
TABLE 30 Canada RPO market by type, 2016 - 2027 (USD Million)
TABLE 31 Canada RPO market by service, 2016 - 2027 (USD Million)
TABLE 32 Canada RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 33 Canada RPO market by end use, 2016 - 2027 (USD Million)
TABLE 34 Mexico RPO market by type, 2016 - 2027 (USD Million)
TABLE 35 Mexico RPO market by service, 2016 - 2027 (USD Million)
TABLE 36 Mexico RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 37 Mexico RPO market by end use, 2016 - 2027 (USD Million)
TABLE 38 Europe RPO market by type, 2016 - 2027 (USD Million)
TABLE 39 Europe RPO market by service, 2016 - 2027 (USD Million)
TABLE 40 Europe RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 41 Europe RPO market by end use, 2016 - 2027 (USD Million)
TABLE 42 The U.K. RPO market by type, 2016 - 2027 (USD Million)
TABLE 43 The U.K. RPO market by service, 2016 - 2027 (USD Million)
TABLE 44 The U.K. RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 45 The U.K. RPO market by end use, 2016 - 2027 (USD Million)
TABLE 46 Germany RPO market by type, 2016 - 2027 (USD Million)
TABLE 47 Germany RPO market by service, 2016 - 2027 (USD Million)
TABLE 48 Germany RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 49 Germany RPO market by end use, 2016 - 2027 (USD Million)
TABLE 50 France RPO market by type, 2016 - 2027 (USD Million)
TABLE 51 France RPO market by service, 2016 - 2027 (USD Million)
TABLE 52 France RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 53 France RPO market by end use, 2016 - 2027 (USD Million)
TABLE 54 Asia Pacific RPO market by type, 2016 - 2027 (USD Million)
TABLE 55 Asia Pacific RPO market by service, 2016 - 2027 (USD Million)
TABLE 56 Asia Pacific RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 57 Asia Pacific RPO market by end use, 2016 - 2027 (USD Million)
TABLE 58 China RPO market by type, 2016 - 2027 (USD Million)
TABLE 59 China RPO market by service, 2016 - 2027 (USD Million)
TABLE 60 China RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 61 China RPO market by end use, 2016 - 2027 (USD Million)
TABLE 62 Japan RPO market by type, 2016 - 2027 (USD Million)
TABLE 63 Japan RPO market by service, 2016 - 2027 (USD Million)
TABLE 64 Japan RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 65 Japan RPO market by end use, 2016 - 2027 (USD Million)
TABLE 66 India RPO market by type, 2016 - 2027 (USD Million)
TABLE 67 India RPO market by service, 2016 - 2027 (USD Million)
TABLE 68 India RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 69 India RPO market by end use, 2016 - 2027 (USD Million)
TABLE 70 South America RPO market by type, 2016 - 2027 (USD Million)
TABLE 71 South America RPO market by service, 2016 - 2027 (USD Million)
TABLE 72 South America RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 73 South America RPO market by end use, 2016 - 2027 (USD Million)
TABLE 74 Brazil RPO market by type, 2016 - 2027 (USD Million)
TABLE 75 Brazil RPO market by service, 2016 - 2027 (USD Million)
TABLE 76 Brazil RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 77 Brazil RPO market by end use, 2016 - 2027 (USD Million)
TABLE 78 MEA RPO market by type, 2016 - 2027 (USD Million)
TABLE 79 MEA RPO market by service, 2016 - 2027 (USD Million)
TABLE 80 MEA RPO market by enterprise size, 2016 - 2027 (USD Million)
TABLE 81 MEA RPO market by end use, 2016 - 2027 (USD Million)

LIST OF FIGURES

FIG. 1 RPO market segmentation and scope
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Primary research process
FIG. 5 Market formulation and data visualization
FIG. 6 Industry Snapshot - RPO
FIG. 7 RPO market - Market size and growth prospects
FIG. 8 Penetration & growth prospect mapping
FIG. 9 Porter’s five forces analysis
FIG. 10 RPO - PEST analysis
FIG. 11 RPO market type outlook key takeaways
FIG. 12 RPO market: Type movement analysis
FIG. 13 Global on-demand RPO market, 2016 - 2027 (USD Million)
FIG. 14 Global function-based RPO market, 2016 - 2027 (USD Million)
FIG. 15 Global enterprise RPO market, 2016 - 2027 (USD Million)
FIG. 16 RPO market service outlook key takeaways
FIG. 17 RPO market: Service movement analysis
FIG. 18 Global on-site RPO market, 2016 - 2027 (USD Million)
FIG. 19 Global off-site RPO market, 2016 - 2027 (USD Million)
FIG. 20 RPO market enterprise size outlook key takeaways
FIG. 21 RPO market: Enterprise size movement analysis
FIG. 22 Global RPO market in SMEs, 2016 - 2027 (USD Million)
FIG. 23 Global RPO market in large enterprises, 2016 - 2027 (USD Million)
FIG. 24 RPO market end use outlook key takeaways
FIG. 25 RPO market: End use movement analysis
FIG. 26 Global RPO market in BFSI, 2016 - 2027 (USD Million)
FIG. 27 Global RPO market in manufacturing, 2016 - 2027 (USD Million)
FIG. 28 Global RPO market in healthcare, 2016 - 2027 (USD Million)
FIG. 29 Global RPO market in IT & telecom, 2016 - 2027 (USD Million)
FIG. 30 Global RPO market in education, 2016 - 2027 (USD Million)
FIG. 31 Global RPO market in others, 2016 - 2027 (USD Million)
FIG. 32 Regional market place: Key takeaways
FIG. 33 Regional outlook, 2019 & 2027
FIG. 34 North America RPO market, 2016 - 2027 (USD Million)
FIG. 35 Europe RPO market, 2016 - 2027 (USD Million)
FIG. 36 Asia Pacific RPO market, 2016 - 2027 (USD Million)
FIG. 37 South America RPO market, 2016 - 2027 (USD Million)
FIG. 38 MEA RPO market, 2016 - 2027 (USD Million)


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