Recruitment Process Outsourcing Market Size, Growth Trends by 2027

Recruitment Process Outsourcing Market to 2027 - Global Analysis and Forecasts by Type (Technical Staff, Sales & Marketing, Office / Admin Support, & Others) and Industry (Manufacturing, Construction, Retail, IT, Hospitality, BFSI, Oil & Gas, Telecom, & Others)

Publication Month : Mar 2019

  • Report Code : TIPRE00003658
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 186
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The recruitment process outsourcing market expected to grow from US$ 5,267.8 million in 2019 to US$ 40,566.3 million by 2027; it is estimated to grow at a CAGR of 29.1% from 2019 to 2027.

Advantages of RPO over traditional recruiting- The RPO shift is attributing to the growth of the market. In the recruitment marketplace, RPO offers a much wider range of services/benefits over traditional recruiting agencies. The scope of traditional recruitment firms is limited to sourcing and placing the candidate in the required role whereas an RPO service provider offers a much broader range of services from designing and managing the entire recruitment process to taking responsibility of outcomes. RPO provides multiple services including talent engagement, candidate management, strategic sourcing, compliance and risk management, hiring manager engagement, recruitment analytics support, employer brand consultation, vendor partnering, and supply chain management and many others.

Unlike traditional recruitment firms, RPOs offer customized solutions to their clients after understanding company specific hiring needs, company culture and brand. In addition to this, RPO also looks at scalability, turnover rates, technology, and time required in hiring good talent which makes RPO a much better choice for today’s employers. All these benefits offered by RPO service providers over traditional hiring agencies/firms are driving the growth of the RPO market

Lucrative Regions in Recruitment Process Outsourcing Market


Lucrative Regions in Recruitment Process Outsourcing Market
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Market Insights–Recruitment Process Outsourcing Market

Demand of Multi-Country RPOs

With the increasing demand for RPO services by global companies, employers are now looking at multi-Country RPOs who offer services in various geographic regions. For employers, it is becoming difficult to hire top talent, especially in high skilled jobs due to fierce competition in the recruitment market. Due to this companies are recognizing the benefits of investing in RPO service providers. The adoption of RPO over traditional staffing agencies is increasing in all major geographical regions such as North America, Europe, and the Asia Pacific. Global companies in these regions are looking for multi-country RPOs who can provide global processes and governance structure. With these developments, RPO service providers are exploring the possibilities of increasing process efficiencies by offshoring and distributing work through support offices set up around the world. The Multi-Country RPO model offers exciting opportunities for existing RPOs and new entrants to serve a more significant global customer base.



Type-Based Insights

Based on type, the recruitment process outsourcing market is segmented into technical staff, sales & marketing, office / admin support, and others. The technical staff segment held the largest market share in 2018.

End-user-Based Insights

Based on end-user, the recruitment process outsourcing market is segmented into manufacturing, construction, retail, it, hospitality, BFSI, oil & gas, telecom, and others. The manufacturing sector segment held the largest market share in 2018.

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Recruitment Process Outsourcing Market: Strategic Insights

recruitment-process-outsourcing-market
Market Size Value inUS$ 5,267.8 Million in 2019
Market Size Value byUS$ 40,566.3 Million by 2027
Growth rateCAGR of 29.1% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Players operating in the recruitment process outsourcing market are mainly focused on the development of advanced and efficient products.

  • In 2019, Saudi Arabia announced US$ 22Bn projects in RIYADH to improve the amenities, education and infrastructure in the region. The development is expected to include 315,000 square meter environmental area, airport expansions and the development and upgrade of the area’s roads.
  • In 2018, Randstad Sourceright expanded its RPO operations to meet the increasing demand for advanced talent acquisition models and advanced technologies. The company announced expansion plan in Asia through investments.

The recruitment process outsourcing market has been segmented as follows:


Recruitment Process Outsourcing Market – by Type

  • Technical Staff
  • Sales & Marketing
  • Office/Admin Support
  • Others

Recruitment Process Outsourcing Market – by End-User                       

  • Manufacturing
  • Construction
  • Retail
  • IT
  • Hospitality
  • BFSI
  • Oil & Gas
  • Telecom
  • Others

Recruitment Process Outsourcing Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Netherlands
    • U.K
    • Rest of Europe
  • Asia Pacific (APAC)

    • Japan
    • China
    • India
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Recruitment Process Outsourcing Market – Company Profiles

  • Seven Step Recruitment Process Outsourcing
  • Kites Consulting
  • Randstad Sourceright
  • ManpowerGroup Solutions
  • Alexander Mann
  • Adam Recruitment
  • Proven SA
  • Talent Hunters
  • TASC Outsourcing
  • Ajeets Management & Manpower Consultancy
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Recruitment Process Outsourcing Market

  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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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