Recruitment Process Outsourcing (RPO)

Recruitment Process Outsourcing (RPO)

Global Recruitment Process Outsourcing (RPO) Market to Reach $18.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Recruitment Process Outsourcing (RPO) estimated at US$5.9 Billion in the year 2020, is projected to reach a revised size of US$18.2 Billion by 2027, growing at a CAGR of 17.3% over the analysis period 2020-2027. Enterprise, one of the segments analyzed in the report, is projected to record a 17.3% CAGR and reach US$10.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the On-Demand segment is readjusted to a revised 18.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 16.4% CAGR

The Recruitment Process Outsourcing (RPO) market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2027 trailing a CAGR of 16.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.7% and 14.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.

Function-Based Segment to Record 16.4% CAGR

In the global Function-Based segment, USA, Canada, Japan, China and Europe will drive the 16.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$915.6 Million in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 47 Featured) -

• Accenture
• ADP LLC
• IBM Corporation
• Infosys Ltd.
• Randstad India Ltd.

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