Global Recruitment Process Outsourcing (Rpo) Market to Reach Us$ 10.67 Bn by 2022

Global Recruitment Process Outsourcing (RPO) Market to Reach US$ 10.67 Bn by 2022

According to a new market research report published by Credence Research “Recruitment Process Outsourcing (RPO) (On-demand RPO and End-to-end RPO) Market - Growth, Share, Opportunities, Competitive Analysis and Forecast 2015 - 2022” the global recruitment process outsourcing (RPO) market was valued at US$ 3,537.2 Mn in 2014 and is estimated to expand with a CAGR of 14.4% from 2015 to 2022.

Browse the full Recruitment Process Outsourcing (RPO) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022, report at: http://www.credenceresearch.com/report/recruitment-process-outsourcing-rpo-market

Market Insights

Recruitment process outsourcing (RPO) refers to an outsourced service where the client organization handovers all or some of the recruitment processes to a third-party (RPO) vendor. The most significant factor fueling the market growth is the reduction in overhead costs of the client organizations. Additionally, outsourcing recruitment processes makes hiring much easier, faster and productive as compared to the traditional recruitment processes. This has made large number of companies across the world turn towards adoption of RPO in recent years. Due to rising penetration of the overall outsourcing concept, the RPO market is expected to witness strong growth in the coming years.

RPO is popular majorly in North America and Europe where the adoption of these services dates back to early 2000’s. However, Asia Pacific is estimated to emerge as the highest growing market for RPO, in terms of revenue and adoption, in the coming years. The demand for RPO service is majorly governed by the rising number of business enterprises coupled with the need for productive recruitment. Due to strong growth across various industrial sectors in countries such as China, India and some of the Southeast Asia countries, the RPO market in Asia Pacific is expected to expand...