Recruitment Process Outsourcing (RPO) Market Expected to Reach US$ 154.7 Mn in 2020: Transparency Market Research

According to a new market report published by Transparency Market Research “Recruitment Process Outsourcing Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the market was valued at US$ 45.6 Mn in 2013 and is expected to reach US$ 154.7 Mn by 2020, growing at a CAGR of 19.3% from 2014 to 2020. Rest of Southeast Asia (RoSEA) region was the largest contributor to the Southeast Asia recruitment process outsourcing (RPO) market in 2013. However, Indonesia is predicted to be the fastest growing market for RPO solutions during the forecast period, growing at a CAGR of 19.9% from 2014 to 2020. The demand for RPO solutions in Indonesia is majorly driven by the high growth in industrial sectors such as manufacturing, healthcare and pharmaceuticals and others. Another significant factor boosting the demand for RPO solutions is the rapidly rising IT and IT enabled services (ITeS) industries in the nation.

Recruitment process outsourcing (RPO) is outsourcing of a part or entire recruitment process to an RPO provider. The demand for RPO solutions is chiefly driven by the cost reduction advantage of these solutions. Outsourcing RPO solutions to an external service provider enables the organizations to eliminate the burden of recruitment processes and focus on their core competencies. In addition, the RPO providers have advanced tools and technologies required for recruitment processes that ensures quality recruitment results for the client organizations. RPO providers also assume the responsibility of hired candidates. Thus, if any hired candidate leaves the organization in a given period of time, the RPO companies provide free replacement for the candidate. Another significant factor fueling the growth of RPO market in Southeast Asia is high economic growth in the region. Growing industrialization creates large demand for skilled employees in any nation. With rising industrialization in the region, the demand for RPO solutions is expected to soar substantially during the forecast period.

Browse the full Recruitment Process Outsourcing (RPO) Market:
 http://www.transparencymarketresearch.com/south-east-asia-rpo-market.html

The market for recruitment process outsourcing (RPO) in Southeast Asia is segmented on the basis of engagement type, end-use industries and geographic regions. On the basis of engagement type, the RPO market in Southeast Asia is segmented into on-demand RPO and end-to-end RPO. In 2013, the on-demand RPO engagement type accounted for a market share of around 81% of the total RPO market in Southeast Asia. On-demand RPO solutions include outsourcing some part of the recruitment processes and are the more cost effective as compared to end-to-end RPO solutions. This is the most significant factor fueling the demand for these solutions in the region. The on-demand RPO segment is expected to grow at a CAGR of 19.3% from 2014 to 2020 in Southeast Asia RPO market.

On the basis of end-use industries, the Southeast Asia recruitment process outsourcing (RPO) market is segmented into banks financial services and insurance (BFSI); IT, IT enabled services (ITeS) and telecommunication; manufacturing; healthcare and pharmaceuticals; hospitality and others. Others segment comprises aerospace, marine and construction industries. In 2013, IT, ITeS and telecommunication segment accounted for the largest share of around 48.0%, in terms of revenue, of the Southeast Asia recruitment process outsourcing (RPO) market. This was majorly due to the high demand for recruitment in these industries. IT, ITeS and telecommunication segment is expected to remain the largest segment growing at the highest CAGR of 19.6% from 2014 to 2020.

Browse the full Press Release of Recruitment Process Outsourcing (RPO) Market: http://www.transparencymarketresearch.com/pressrelease/south-east-asia-rpo-market.htm

In 2013, Rest of Southeast Asia (RoSEA) led the Southeast Asia recruitment process outsourcing (RPO) market with the market share of around 78% of the Southeast Asia market. Countries such as Singapore and Malaysia are among the early adopters of RPO solutions in the region. In addition, the demand for RPO solutions is driven by rising industrialization in countries such as Myanmar and Philippines. The recruitment process outsourcing (RPO) market in RoSEA is predicted to grow at a CAGR of 19.2% from 2014 to 2020.

The Southeast Asia recruitment process outsourcing (RPO) market includes RPO providers such as Kenexa Corporation (an IBM Corporation Company), Randstad Holding Company, Accolo, Inc., Atterro Human Capital Group, Kelly Outsourcing and Consulting Group, Cielo, Inc. (Pinstripe, Inc.), ManpowerGroup Solutions, Pontoon Solutions, Zyoin Web Pvt. Ltd., Futurestep (a Korn Ferry Company), TalentFusion, Inc., Alexander Mann Solutions and Hudson Global, Inc.

The report studies the Southeast Asia recruitment process outsourcing (RPO) market, and provides estimates in terms of revenue (US$ Mn) from 2010 to 2020. Market estimates are provided on the basis of engagement type, end-use industries and geographic regions. The market has been segmented as follows:

Market Segmentation of Southeast Asia Recruitment Process Outsourcing (RPO) Market:

Recruitment Process Outsourcing (RPO) Market, by Engagement Type
  • On-demand RPO
  • End-to-end RPO
Recruitment Process Outsourcing (RPO) Market, by End-use Industry
  • Banks, Financial Services and Insurance (BFSI)
  • IT, ITeS and Telecommunication
  • Manufacturing
  • Healthcare and Pharmaceuticals
  • Hospitality
  • Others (Aerospace, Marine and Construction Industry)
Recruitment Process Outsourcing (RPO) Market, by Geographic Regions
  • Thailand
  • Indonesia
  • Vietnam
  • Rest of Southeast Asia (RoSEA)

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