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The recruitment process outsourcing market size in APAC has the potential to grow by USD 10.69 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (BFSI, manufacturing, energy, services, and others) and service (blended RPO and MCRPO). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Accenture Plc, Adecco Group AG, ADP LLC, Hays Plc, Infosys Ltd., International Business Machines Corp., Korn Ferry, ManpowerGroup Global Inc., Randstad NV, and TrueBlue Inc.
Browse TOC and LoE with selected illustrations and example pages of Recruitment Process Outsourcing (RPO) Market in APAC
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The RPO market in APAC is fragmented. Accenture Plc, Adecco Group AG, and ADP LLC are some of the major market participants. Although the need to improve the HR value chain and compliance will offer immense growth opportunities, quality of service concerns will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this recruitment process outsourcing market forecast report of APAC provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this recruitment process outsourcing market analysis report of APAC also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
The BFSI sector was the major revenue contributor in the RPO market in APAC in 2019. The expansion of banking and finance institutions, which has resulted in the growing demand for core financial knowledge and a talented workforce conversant with marketing skills is a major factor fueling market growth in this sector. This report provides an accurate prediction of the contribution of all the segments to the growth of the recruitment process outsourcing market size in APAC.
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Many organizations are focusing on blended workforce services with the support of both permanent and temporary hiring. The blended recruitment process has evolved as an alternative for firms that are struggling to manage their current recruitment process. These solutions are implemented by organizations strategically to achieve a long-term competitive advantage. This report provides an accurate prediction of the contribution of all the segments to the growth of the recruitment process outsourcing market size in APAC.
The recruitment process outsourcing market in APAC will register a CAGR of almost 19% during the forecast period. The rising need to improve the HR value chain and compliance will be one of the key factors driving recruitment process outsourcing market growth in APAC. With the increasing commoditization of outsourcing services, the RPO market in APAC has been ascending to the higher end of the value chain. Furthermore, clients are looking forward to innovations and seeking value elements including the enhanced functionality in the recruitment process. With continuous changes in payroll, grievance procedures, and recruitment process, organizations are focusing on outsourcing their whole recruitment cycle. This, in turn, will drive recruitment process outsourcing market in APAC during the forecast period.
With the growing integration of cloud technology in modern businesses, organizations across the emerging and advanced economies of APAC are continuously adopting cloud-based outsourcing solutions for maintaining data security. RPO solutions hosted on remote infrastructure and managed by cloud providers are often categorized as business process-as-a-service(BPaaS). This has encouraged leading RPO companies to acquire BPaaS specialized firms. With the growing adoption of BPaaS, organizations are gaining a competitive edge as these RPO services add flexibility to the IT infrastructure. The evolution of BPaaS will be one of the major recruitment process outsourcing market trends that will gain traction during 2020-2024.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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