NEW YORK, Dec. 9, 2021 /PRNewswire/ -- The recruitment
process outsourcing market is expected to observe maximum growth in
North America during the forecast
period. Businesses in the region are making significant investments
in the latest technologies such as cloud computing, AI, and RPA to
enhance the quality of their products and services.
Also, many businesses across industries such as healthcare,
banking, and telecommunication sectors, among others are highly
investing in BPO companies to focus on their key business
operations, including recruitment. All these factors are expected
to generate significant growth opportunities for recruitment
process outsourcing service providers in North America during the forecast period.
Technavio's 120-page report analyzes the recruitment process
outsourcing market by End-user (IT and telecom, Manufacturing,
BFSI, Healthcare, and Others) and Geography (North America, Europe, APAC, MEA, and South America). According to the report, the
market will observe an incremental growth of USD 4.55 billion between 2020 and 2025,
accelerating at a CAGR of 13.51% during the forecast period.
Purchase our full report to know the exact
growth variance and end explore opportunities across various
regions.
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The recruitment process outsourcing market growth will be
driven by the need for reducing operational costs by streamlining
the hiring process. Businesses across the world are actively
approaching recruitment process outsourcing (RPO) companies to
reduce their cost per hire. RPO firms help businesses streamline
the hiring process by reducing the supply-demand imbalance in the
market. Outsourcing of the recruitment process also helps
businesses to share the price-associated risks with their RPO
partners. Such benefits are encouraging businesses to actively look
out for recruitment process outsourcing firms, which is driving the
growth of the market.
In addition, the increased use of neo-sourcing is expected to
have an accelerating effect on the growth of the market. However,
the risk of overdependence on a single vendor might reduce the
growth potential in the market.
Get additional insights on other trends and
drivers impacting the future of the recruitment process outsourcing
market.
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Major Five Recruitment Process Outsourcing Companies:
Accenture Plc:
The company offers recruitment process outsourcing solutions that
help HR leaders achieve business outcomes through tailored
solutions that embed data and analytics, artificial intelligence,
and consumer-centric digital channels into the employee experience,
under the brand name Accenture.
Alexander Mann Solutions:
The company offers recruitment process outsourcing solutions that
design, build, and run a fully optimized talent acquisition
capability, under the brand name Alexander Mann Solutions.
Allegis Group:
The company offers recruitment process outsourcing solutions that
include talent acquisition strategy development, sourcing talent
mapping, screening assessments selection, program performance
tracking and reporting, internal candidate management, digital
recruiting and social media strategy, and many more activities,
under the brand name Allegis.
AMN Healthcare Services Inc.:
The company offers recruitment process outsourcing solutions that
streamline permanent workforce planning and recruitment process
through one efficient, agile solution by providing technology and
data intelligence that enable sustainable, long-term improvement,
under the brand name AMN Healthcare.
Automatic Data Processing Inc.:
The company offers recruitment process outsourcing solutions using
data, experience, and scalability to help improve quality of hire
and process efficiency, while managing complex business needs and
aggressive timelines, under the brand name of ADP.
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identify other dominant players listed in our full report on the
recruitment process outsourcing market.
Recruitment Process Outsourcing Market End-user Outlook
(Revenue, USDBn, 2020-2025)
- IT and telecom - size and forecast 2020-2025
- Manufacturing - size and forecast 2020-2025
- BFSI - size and forecast 2020-2025
- Healthcare - size and forecast 2020-2025
- Others - size and forecast 2020-2025
Recruitment Process Outsourcing Market Geography Outlook
(Revenue, USD Bn, 2020-2025)
- North America - size and
forecast 2020-2025
- Europe - size and forecast
2020-2025
- APAC - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
- South America - size and
forecast 2020-2025
Related Reports:
Recruitment Process Outsourcing
(RPO) Market in APAC by End-user, Service, and Geography - Forecast
and Analysis 2021-2025
Human Capital Management Solutions
Market by Application and Geography - Forecast and Analysis
2021-2025
Recruitment
Process Outsourcing Market Scope
|
Report
Coverage
|
Details
|
Page
number
|
120
|
Base
year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum
& CAGR
|
Accelerate at a CAGR
of 13.51%
|
Market growth
2021-2025
|
USD 4.55
billion
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
7.34
|
Regional
analysis
|
North America,
Europe, APAC, MEA, and South America
|
Performing market
contribution
|
North America at
41%
|
Key consumer
countries
|
US, UK, Canada,
Australia, and India
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
Companies
profiled
|
Accenture Plc,
Alexander Mann Solutions, Allegis Group, AMN Healthcare Services
Inc., Automatic Data Processing Inc., Deloitte Touche Tohmatsu
Ltd., Hudson Global Inc., Infosys Ltd., International Business
Machines Corp., and Randstad Sourceright EMEA B.V.
|
Market
Dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period.
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Technavio
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