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Recruitment Process Outsourcing Market 2020 Global Key Players, Size, Trends, Applications & Growth Opportunities – Analysis to 2027

The global recruitment process outsourcing market is accounted to US$ 4.16 Bn in 2018 and is expected to grow at a CAGR of 29.1% during the forecast period 2019 – 2027, to account to US$ 40.57 Bn by 2027.

Recruitment process outsourcing module is adopted in a wide range of industries such as manufacturing, retail, hospitality, and construction. Availability of enormous size of job seekers and simplification of human resource operations are positively impacting the market in developed and developing regions. North American countries witness significant growth in a number of wide variety of industries, which demand huge employment have been beneficial for recruitment process outsourcing service providers. Further, growth in the manufacturing and retail industry across the globe have been boosting the recruitment process outsourcing market over the years.

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The Major Market Player Included in This Report are:

1. SevenStep RPO
2. Kites Consulting
3. Randstad Sourceright
4. ManpowerGroup Solutions
5. Alexander Mann
6. Adam Recruitment
7. Proven SA
8. Talent Hunters
9. TASC Outsourcing
10. Ajeets Management & Manpower Consulting

North America led the recruitment process outsourcing market globally followed by Europe and Asia Pacific region. Owing to the fact, that the industries in the continent are creating substantial job opportunities; several recruitment agencies, recruitment process outsourcing companies, and managed service providers are establishing their businesses in the countries. This is facilitating the recruitment companies to increase their annual revenues. In recent years the majority of human resource departments in the region have outsourced their hiring procedures in order to simplify other processes in the organization. This practice has showcased significant growth in the number of recruitment process outsourcing (RPO) companies which are consistently introducing new products and services, which has helped the recruitment process outsourcing market to propel over the years in North America.

The global recruitment process outsourcing market has been segmented on the basis of type and industry. The recruitment process outsourcing market by type has been segmented into the technical staff, sales & marketing, office/admin support, and others. Additionally, the global recruitment process outsourcing market has been segmented by industries into manufacturing, construction, retail, IT, hospitality, BFSI, oil & gas, telecom, and others. The recruitment process outsourcing service providers are heavily influenced by the significant growth in the manufacturing and retail sector, while the market is anticipated to witness growth with the increasing employment opportunity in the IT, telecom and BFSI industries across the globe.

The overall recruitment process outsourcing market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the recruitment process outsourcing market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the recruitment process outsourcing industry.

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TABLE OF CONTENTS

1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global Recruitment Process Outsourcing Market – By Type
1.3.2 Global Recruitment Process Outsourcing Market – By Industries
1.3.3 Global Recruitment Process Outsourcing Market – By Geography

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH

4. RECRUITMENT PROCESS OUTSOURCING MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis

5. RECRUITMENT PROCESS OUTSOURCING MARKET – KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Advantages of RPO over Traditional Recruiting – The RPO Shift
5.1.2 Time and Cost Savings Driving the Adoption of RPO
5.2 KEY MARKET RESTRAINTS
5.2.1 Data security and privacy concern
5.2.2 High attrition rates in some industries
5.2.3 Effects of technology and policy changes on the RPO market
5.3 KEY MARKET OPPORTUNITY:
5.3.1 Demand of Multi-Country RPOs
5.3.2 Adoption of Applicant tracking system
5.4 KEY FUTURE TRENDS:
5.4.1 Introduction of Big Data and advanced analytics in Recruitment Process Outsourcing solutions
5.5 IMPACT ANALYSIS

Continue…

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Recruitment Process Outsourcing Market and Impact of COVID-19 : Research Report By SevenStep RPO, Kites Consulting, Randstad Sourceright, ManpowerGroup Solutions, Alexander Mann, Adam Recruitment, Proven SA, Talent Hunters, TASC Outsourcing, Ajeets Management & Manpower Consulting

The Insight Partners delivers well-researched industry-wide information on the Recruitment Process Outsourcing market. It provides information on the market’s essential aspects such as top participants, factors driving Recruitment Process Outsourcing market growth, precise estimation of the Recruitment Process Outsourcing market size, upcoming trends, changes in consumer behavioral pattern, market’s competitive landscape, key market vendors, and other market features to gain an in-depth analysis of the market. Additionally, the report is a compilation of both qualitative and quantitative assessment by industry experts, as well as industry participants across the value chain. The report also focuses on the latest developments that can enhance the performance of various market segments.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Recruitment Process Outsourcing market. The report presents a broad assessment of the market and contains solicitous insights, historical data, and statistically supported and industry-validated market data.

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Key vendors engaged in the Recruitment Process Outsourcing market and covered in this report:

  • SevenStep RPO
  • Kites Consulting
  • Randstad Sourceright
  • ManpowerGroup Solutions
  • Alexander Mann
  • Adam Recruitment
  • Proven SA
  • Talent Hunters
  • TASC Outsourcing
  • Ajeets Management & Manpower Consulting

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Recruitment Process Outsourcing market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Recruitment Process Outsourcing market segments and regions.

Researchers also carry out a comprehensive analysis of the recent regulatory changes and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

Scope of the study:

The research on the Recruitment Process Outsourcing market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Recruitment Process Outsourcing market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Recruitment Process Outsourcing Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Major highlights of the report:

  • All-inclusive evaluation of the parent market
  • Evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of market value and volume in past, present, and forecast years
  • Evaluation of market share
  • Study of niche industrial sectors
  • Tactical approaches of market leaders
  • Lucrative strategies to help companies strengthen their position in the market

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