NEW YORK, July 26, 2022 /PRNewswire/ — The Recruitment Process Outsourcing Market size is segmented into two categories based on the end-user (IT and telecom, manufacturing, BFSI, healthcare, and others) and geography (North America, Europe, APAC, MEA, and South America). The market share is expected to increase by USD 4.55 billion, and the market’s growth momentum will accelerate at a CAGR of 13.51%. Request Sample Report.

North America will account for 41% of market growth. The main markets in North America for outsourcing the recruitment process are the US and Canada. However, the market in North America will expand at a slower rate than markets in other continents. Over the projection period, the growth of the recruitment process outsourcing market in North America would be facilitated by the rise in the usage of cutting-edge technologies like cloud computing, AI, and RPA.

Furthermore, countries such as the US, UK, Canada, Australia, and India are expected to emerge as prominent markets for the Recruitment Process Outsourcing Market during the forecast period.

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The Recruitment Process Outsourcing Market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment’s growth prospects while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of vendors operating in the Recruitment Process Outsourcing Market, including some the vendors such as Accenture Plc, Alexander Mann Solutions, Allegis Group, AMN Healthcare Services Inc., Automatic Data Processing Inc., Deloitte Touche Tohmatsu Ltd., Hudson Global Inc., Infosys Ltd., International Business Machines Corp., and Randstad Sourceright EMEA B.V. among others. 

• Accenture Plc- The company offers recruitment process outsourcing solutions that helps HR leaders achieve business outcomes through tailored solutions that embed data and analytics, artificial intelligence, and consumer-centric digital channels into the employee experience, under the brand name of Accenture.
• Alexander Mann Solutions- The company offers recruitment process outsourcing solutions that design, builds, and runs a fully optimized talent acquisition capability, under the brand name of Alexander Mann Solutions.
• Allegis Group- The company offers recruitment process outsourcing solutions that include talent acquisition strategy development, sourcing talent mapping, screening assessments selection, program performance tracking and reporting, internal candidate management, digital recruiting and social media strategy, and many more activities, under the brand name of Allegis.

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Companies are aggressively contacting RPO firms to lower the cost per employee. RPO is necessary to continuously increase business value and minimize operating costs. Demand-supply imbalances can be avoided with RPO under challenging market circumstances. To address such market asymmetries, RPO partners expedite the hiring process. Therefore, it is anticipated that the demand for various companies to lower their operational expenses by streamlining the recruiting process will fuel the expansion of the worldwide outsourcing market for the recruitment process.

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Table of Contents

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
• The threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• IT and telecom – Market size and forecast 2020-2025
• Manufacturing – Market size and forecast 2020-2025
• BFSI – Market size and forecast 2020-2025
• Healthcare – Market size and forecast 2020-2025
• Others – Market size and forecast 2020-2025
• Market opportunity by End-user

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America – Market size and forecast 2020-2025
• Europe – Market size and forecast 2020-2025
• APAC – Market size and forecast 2020-2025
• MEA – Market size and forecast 2020-2025
• South America – Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Accenture Plc
• Alexander Mann Solutions
• Allegis Group
• AMN Healthcare Services Inc.
• Automatic Data Processing Inc.
• Deloitte Touche Tohmatsu Ltd.
• Hudson Global Inc.
• Infosys Ltd.
• International Business Machines Corp.
• Randstad Sourceright EMEA B.V.

Appendix

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

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Technavio Research 
Jesse Maida 
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