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Recruitment Process Outsourcing (RPO) Market in APAC by End-user, Service, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR40662
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 Recruitment Process Outsourcing (RPO) Market in APAC - 2021-2025

The recruitment process outsourcing (RPO) market size in APAC is expected to reach a value of USD 1.08 billion during 2021-2025 at a CAGR of 14.07%. This research study helps in deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as need to improve the HR value chain and compliance are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Recruitment Process Outsourcing (RPO) Market in APAC Size

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Recruitment Process Outsourcing (RPO) Market in APAC - Segments

Navigate through market segmentation by end-user (BFSI, manufacturing, energy, services, and others), geography (Australia, India, Japan, China, and Rest of APAC), and service (blended RPO and MCRPO) in this recruitment process outsourcing (RPO) market in APAC report to pursue growth opportunities.

Get actionable insights on the recruitment process outsourcing (RPO) market in APAC segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic recruitment process outsourcing (RPO) market in APAC predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Recruitment Process Outsourcing (RPO) Market in APAC - Vendors and Competitive Analysis

The recruitment process outsourcing (RPO) market in APAC is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full recruitment process outsourcing (RPO) market in APAC forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Recruitment Process Outsourcing (RPO) Market in APAC Vendors

Recruitment Process Outsourcing (RPO) Market in APAC - Region Opportunities 2021-2025

48% of the recruitment process outsourcing (RPO) market growth in APAC will originate from Rest of APAC during the forecast period. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Recruitment Process Outsourcing (RPO) Market in APAC Share by Geography

Rest of APAC has been exhibiting a significant growth rate for recruitment process outsourcing (RPO) market vendors in APAC. Factors such as faster adoption rate of technologies across industries and the influx of SMEs are accelerating the recruitment process outsourcing (RPO) market growth in Rest of APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The recruitment process outsourcing (RPO) market share growth in Rest of APAC will be slower than the growth of the market in Australia and India. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Recruitment Process Outsourcing (RPO) Market in APAC Insights by End-user

Recruitment-Process-Outsourcing-(RPO)-Market-In-APAC-Market-Share-by-End-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The recruitment process outsourcing (RPO) market in APAC share growth by the BFSI segment will be significant during the forecast period. The BFSI sector is a significant revenue contributor to the RPO market in APAC owing to the expansion of banking and finance institutions, which resulted in the growing demand for core financial knowledge and a talented workforce conversant with marketing skills. This report provides an accurate prediction of the contribution of all the segments to the growth of the recruitment process outsourcing (RPO) market size in APAC.

From the recruitment process outsourcing (RPO) market in APAC segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID19 impact on each segment.

Recruitment Process Outsourcing (RPO) Market in APAC Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding recruitment process outsourcing (RPO) market growth in APAC  is quality of service concerns. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The growing need to improve the HR value chain and compliance is a key driver boosting the recruitment process outsourcing (RPO) market growth in APAC. Labor laws and employment regulations are constantly changing in APAC. Employers must stay abreast of the latest regulations and amendments that affect the workplace. Changes in payroll, recruitment, employee benefits, and grievance procedures have put HR professionals under tremendous pressure. Therefore, to prevent major lawsuits and legal hassles, organizations in APAC outsource their whole recruitment cycle to help them comply with the latest laws and regulations. In addition, they outsource their services audit and maintain company practices and policies according to the interests of the organization, which is driving the market for RPO in APAC during the forecast period.

This recruitment process outsourcing (RPO) market in APAC analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Recruitment Process Outsourcing (RPO) Market in APAC Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive recruitment process outsourcing (RPO) market growth in APAC during the next five years
  • Precise estimation of the recruitment process outsourcing (RPO) market size in APAC and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the recruitment process outsourcing (RPO) market in APAC 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of recruitment process outsourcing (RPO) market vendors in APAC 

Buy the Recruitment Process Outsourcing (RPO) Market In APAC report now to reimage your business strategies!

 

Recruitment Process Outsourcing (RPO) Market In APAC Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14.07%

Market growth 2021-2025

USD 1.08 billion

Market structure

Fragmented

YoY growth (%)

10.27

Regional analysis

Australia, India, Japan, China, and Rest of APAC

Performing market contribution

Rest of APAC at 48%

Key consumer countries

Australia and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Adecco Group AG, Automatic Data Processing Inc., Hays Plc, Infosys Ltd., International Business Machines Corp., Korn Ferry, ManpowerGroup Global Inc., Randstad Holding NV, and TrueBlue Inc.

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 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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • BFSI - Market size and forecast 2020-2025
    • Manufacturing - Market size and forecast 2020-2025
    • Energy - Market size and forecast 2020-2025
    • Services - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • Blended RPO - Market size and forecast 2020-2025
    • MCRPO - Market size and forecast 2020-2025
    • Market opportunity by Service

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • Australia - Market size and forecast 2020-2025
    • India - Market size and forecast 2020-2025
    • Japan - Market size and forecast 2020-2025
    • China - Market size and forecast 2020-2025
    • Rest of APAC - Market size and forecast 2020-2025
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Accenture Plc
    • Adecco Group AG
    • Automatic Data Processing Inc.
    • Hays Plc
    • Infosys Ltd.
    • International Business Machines Corp.
    • Korn Ferry
    • ManpowerGroup Global Inc.
    • Randstad Holding NV
    • TrueBlue Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    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.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The recruitment process outsourcing (rpo) market growth will increase by $10.69 billion during 2019-2024.
    The recruitment process outsourcing (rpo) market is expected to grow at a CAGR of 18.62% during 2019-2024.
    Technavio has segmented the recruitment process outsourcing (rpo) market by end user (BFSI, Manufacturing, Energy, Services, and Others) and other 1 (Lead generation, Brand awareness, Thought leadership, and Others).
    Accenture Plc, Adecco Group AG, ADP LLC, Hays Plc, Infosys Ltd., International Business Machines Corp., Korn Ferry, ManpowerGroup Global Inc., Randstad NV, TrueBlue Inc. are a few of the key vendors in the recruitment process outsourcing (rpo) market.
    UK will register the highest growth rate of 39.66% among the other regions. Therefore, the recruitment process outsourcing (rpo) market in UK is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the recruitment process outsourcing (rpo) market growth are:
    • Need to improve the HR value chain and compliance
    • Integration of EHRs with electronic data collection systems
    The recruitment process outsourcing (rpo) market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
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