Home / Market Research / Recruitment Process Outsourcing (RPO) Market By Engagement (On-Demand RPO, End-To-End RPO), By Industry Vertical (BFSI, IT & Telecommunication, ITES & BPO, Healthcare, Manufacturing & Heavy Industries) - Growth, Share, Opportunities & Competitive Analysis, 2022 – 2030

Recruitment Process Outsourcing (RPO) Market By Engagement (On-Demand RPO, End-To-End RPO), By Industry Vertical (BFSI, IT & Telecommunication, ITES & BPO, Healthcare, Manufacturing & Heavy Industries) - Growth, Share, Opportunities & Competitive Analysis, 2022 – 2030


The recruitment process outsourcing market worldwide is projected to expand with a CAGR of 13.9% during the forecast period from 2022 to 2030. The market for recruitment process outsourcing (RPO) is majorly governed by the increasing adoption of outsourcing services worldwide. Most of the companies are looking for external service providers which can help them reduce their overhead costs. Additionally, outsourcing the recruitment processes to a third-party provider enables organizations to focus on their core competencies thereby enhancing their business operations. Outsourcing recruitment processes enables business organizations to hire candidates as per their requirement without bearing any cost internally. Furthermore, the demand for RPO services has witnessed strong growth due to their tremendous advantages over traditional methods of recruitment. Due to these factors, the recruitment process outsourcing market is expected to witness high growth during the forecast period. 

Global Recruitment Process Outsourcing Market, By Engagement Model

As of 2021, the global recruitment process outsourcing market is dominated by the on-demand RPO segment. The segment contributed approximately 80% of the total market revenues in 2020. The dominance of the segment is majorly attributed to the low cost and better flexibility of the service. As a result, the segment is estimated retain its dominant position in the market throughout the forecast period. However, end-to-end RPO segment is projected to grow with the highest CAGR of about 14.3% during the forecast period of 2022 to 2030. 

Global Recruitment Process Outsourcing Market, By Industry Vertical

As of 2021, the global recruitment process outsourcing market is dominated by the IT and telecommunication segment. In 2021, the segment accounted for a market share, in terms of revenue, of over 28% in the global RPO market. The segment is followed by the ITeS & BPO and BFSI segments. These are among the industry verticals requiring large workforce and massive recruitment. Thus, these are the most prominent segments for RPO service vendors and are expected to retain the leading position in the market throughout the forecast period. Healthcare and others (including e-commerce) segments are projected to register the highest growth in the market during the forecast period of 17% and 16.2% respectively. 

Global Recruitment Process Outsourcing Market, By Geography

In 2021, the global recruitment process outsourcing (RPO) market was dominated by North America accounting to about 40% of the total market revenue. North America is among the first adopters of RPO services with strong penetration in small and medium as well as large enterprises. Additionally, due to presence of large number of major RPO vendors in the region, North America is predicted to hold its dominant position in the global market throughout the forecast period. 

Markets Remains Highly Fragmented

The increase in the number of service providers has ensured a highly competitive market, yet the service providers of recruitment process outsourcing are highly fragmented. ManpowerGroup Solution, Randstad Holding NV, ADP, LLC and Hudson Global, Inc. are identified as the leading recruitment process outsourcing market. The global recruitment process outsourcing market is characterized by the presence of large number of players with diversified business. Thus, new service development, innovation and focus on improving client base are some of the requisite market strategies adopted by the service providers in the market. 

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Recruitment Process Outsourcing (RPO) market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Recruitment Process Outsourcing (RPO) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2020-2030
Base Year 2021
Forecast Period  2022-2030
Historical Year  2020
Unit  USD Million
Segmentation
Engagement Model
  • Pac-Man Analysis
  • On-demand RPO
  • End-to-End RPO

Industry Vertical
  • Tornado Analysis
  • Banks, Financial Services and Insurance (BFSI)
  • ITeS & BPO
  • Healthcare
  • Manufacturing & Heavy Industries
  • Others (Retail, Education, Utilities etc.)

 Region Segment (2020–2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Recruitment Process Outsourcing (RPO) market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Recruitment Process Outsourcing (RPO) market?
  • Which is the largest regional market for Recruitment Process Outsourcing (RPO) market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Recruitment Process Outsourcing (RPO) market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Recruitment Process Outsourcing (RPO) market worldwide?
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