Recruitment Process Outsourcing (RPO) Market
Recruitment Process Outsourcing (RPO) Market Size, Share & Trends Analysis Report by Type (On-demand RPO, Function-based RPO, and Enterprise RPO), by Service (On-siteand Off-site), and by End-Use Industries (BFSI, Healthcare, Energy and Power, Manufacturing, IT & Telecom, Education, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
RPO market is anticipated to grow at a considerable CAGR of 17.3% during the forecast period. According to recent research commissioned by the Recruitment Process Outsourcing Association (RPOA), employers look to their RPO providers as trusted advisors to winning top talent in a competitive talent marketplace. In many cases, this includes bringing along a tech stack and supporting services to integrate with their customer relationship management (CRM) systems. The growth of the market is attributed to factors such as the increasing requirementfor efficient recruitment processes along with the cost-effectiveoutsourcing recruitment functions. Further, factors such as the demand for skilled talent, globalization of businesses, and the collaboration of market players to efficiently address recruitment processes for various industries are anticipated to propel the demand for the RPO market. For instance, in April 2021, Jobvite, the leading end-to-end talent acquisition solution provider, collaborated with JazzHR, the leading recruiting software provider for small and medium-sized businesses, and NXTThingRPO, a high-growth recruitment process outsourcing (RPO) company. Backed by K1 Investment Management, the transaction combines three complementary companies to form the most comprehensive provider of talent acquisition and recruiting solutions for organizations of all sizes, spanning from SMBs to global enterprises.
Segmental Outlook
The global RPO market is segmented based on its type, service, and end-use industries. Based on type, the market is segmented into on-demand RPO, function-based RPO, and enterprise RPO. Based on service, the market is categorized into on-site and off-site. Further, based on end-use industries, the market is sub-segmented into BFSI, healthcare, energy and power, manufacturing, IT & telecom, education, and others. Among the type segment, on-demand RPOsub-segment is anticipated to witness significant growth during the forecast period due to its flexibility and scalability in meeting the varying recruitment needs of organizations. In terms of end-use industries, the IT & telecom sector is expected to register substantial growth due to the constant demand for skilled IT professionals in a highly competitive market.
Energy and Power Sub-Swgment to Register Considerable Growth in Coming Years
Among the end-use industries segment, the energy and power sub-segment is anticipated to register considerable growth for the forecast period. The growth of the energy and power sub-segment is attributed to the rising demand for skilled employees in the sector. For instance, according to International Energy Agency (IEA), sectors such as clean energy industries, automotive, and construction would require a total of more than 30 million jobs by 2030. It also includes new roles for existing workers in construction, in the manufacturing of emissions-reducing products such as electric vehicles (EVs) and hyper-efficient appliances, and innovative technologies such as hydrogen.
Regional Outlooks
The global RPO market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed at a regional or country level as per the requirement. Among these, Europeis anticipated to cater to a prominent growth over the forecast period due to the increasing adoption of outsourcing practices by organizations and the need to manage talent acquisition effectively. However, the Asia-Pacific region is also projected to experience considerable growth in the RPO market due to the rapid industrialization, the presence of a large talent pool, and the focus of organizations on cost optimization.
Global Recruitment Process Outsourcing (RPO) Market Growth, by Region2023-2030
North America isAnticipated toHolda Significant Share ofthe Global Recruitment Process Outsourcing (RPO)Market
Among allregions, North America is anticipated to account for a significant share of the RPO market during the forecast period. The regional market growth is primarily driven by factors such as the rising demandfor specialized recruitment services and skilled talent, along withthe presence of a several multinational companies (MNCs). These companies are extensively focusing on developing and providing RPO services to the other sectors, which will propel the market growth in the region. For instance, in November 2019, Spherion Corp. entered into a strategic alliance with AMN Healthcare to jointly provide RPO services to healthcare organizations across the US. Spherion's team of RPO professionals manages the sourcing, screening, and on-boarding of candidates for-clinical positions, while AMN focuses on finding the most qualified candidates for clinical positions, which include nurses, allied health professionals, and physicians. Both firms will also continue to pursue individual RPO businesses as well.
Market Players Outlook
The major companies serving the global RPO market include Adecco Group, Randstad Holding NV, ManpowerGroup, Allegis Global Solutions, KellyOCG, IBM Corp., Korn Ferry, Hudson Global, Cielo, and Pontoon Solutions, among others. These market players are considerably contributing to the market growth by providing a range of RPO services, including candidate sourcing, screening, assessment, and onboarding. Additionally, they are adopting various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches to stay competitive in the market. For instance, in January 2020, ManpowerGroup launched Talent Solutions, combining 3of its current global offerings – RPO (Recruitment Process Outsourcing), TAPFIN MSP (Managed Service Provider), and Right Management – to provide innovative solutions and end-to-end, data-driven capabilities across the talent lifecycle. Talent Solutions will provide technology and extensive workforce insights across multiple countries at scale, from talent attraction and acquisition to upskilling, development, and retention. This new combination of offerings leverages industry expertise and new solutions to address organizations' complex global workforce needs.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global recruitment process outsourcing (RPO) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Adecco Group AG
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. AMN Healthcare
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Hays plc
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Korn Ferry
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. ManpowerGroup
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Recruitment Process Outsourcing (RPO) Market by Type
4.1.1. On-demand RPO
4.1.2. Function-based RPO
4.1.3. Enterprise RPO
4.2. Global Recruitment Process Outsourcing (RPO)Market by Service
4.2.1. On-site
4.2.2. Off-site
4.3. Global Recruitment Process Outsourcing (RPO) Market by End-use Industries
4.3.1. BFSI
4.3.2. Healthcare
4.3.3. Energy and Power
4.3.4. Manufacturing
4.3.5. IT & Telecom
4.3.6. Education
4.3.7. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Acara Solutions, Inc.Acara Solutions
6.2. Alexander Mann Solutions
6.3. Allegis Global Solutions Allegis Group
6.4. Automatic Data Processing, Inc. ADP, Inc.
6.5. Cielo, Inc.
6.6. Hudson Global Resources (Aust) Pty Limited
6.7. IBM Corp.
6.8. Kelly Services, Inc.
6.9. Motion Recruitment Partners LLC
6.10. PeopleScout, Inc.
6.11. Pinstripe, Inc.
6.12. Pontoon Solutions
6.13. Randstad Solutions Limited
6.14. Robert Walters plc (Resource Solutions)
6.15. Wilson Human Capital Group, Inc.
6.16. Yoh Services LLC
1. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBALON-DEMAND RPO MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBALFUNCTION-BASED RPO MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBALENTERPRISE RPO MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
6. GLOBAL ON-SITE RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL OFF-SITE RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2022-2030 ($ MILLION)
9. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR ENERGY AND POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. NORTH AMERICAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. NORTH AMERICAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
20. NORTH AMERICAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2022-2030 ($ MILLION)
21. EUROPEAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. EUROPEAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
23. EUROPEAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
24. EUROPEAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2022-2030 ($ MILLION)
25. ASIA-PACIFIC RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2022-2030 ($ MILLION)
29. REST OF THE WORLD RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
30. REST OF THE WORLD RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRIES, 2022-2030 ($ MILLION)
1. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL ON-DEMAND RPO MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL FUNCTION-BASED RPO MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL ENTERPRISERPO BY MARKET SHARE REGION, 2022 VS 2030 (%)
5. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SHARE BY SERVICE, 2022 VS 2030 (%)
6. GLOBAL ON-SITE RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL OFF-SITE RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SHARE BY END-USE INDUSTRIES, 2022 VS 2030 (%)
9. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) FOR ENERGY AND POWER MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO)FOR MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBALRECRUITMENT PROCESS OUTSOURCING (RPO) FOR IT & TELECOM MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBALRECRUITMENT PROCESS OUTSOURCING (RPO) FOR EDUCATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBALRECRUITMENT PROCESS OUTSOURCING (RPO)FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. US RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
18. CANADA RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
19. UK RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
20. FRANCE RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
21. GERMANY RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
22. ITALY RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
23. SPAIN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
24. REST OF EUROPE RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
25. INDIA RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
26. CHINA RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
27. JAPAN RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
28. SOUTH KOREA RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF ASIA-PACIFIC RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD RECRUITMENT PROCESS OUTSOURCING (RPO) MARKET SIZE, 2022-2030 ($ MILLION)
