Recruitment Process Outsourcing Market
Worth $20.8 Billion By 2027
The global recruitment process outsourcing (RPO) market size is anticipated to account for USD 20.8 billion by 2027.
The market is estimated to register over 18.0% CAGR over the forecast duration. Increasing need to streamline the
recruitment processes and reduce the overall hiring cost is driving the market growth. In addition, the emergence of
digital tools and the growing adoption of innovative technologies such as AI and machine learning have further
transformed the hiring processes.
Technology is projected to play a key role in future recruitment. The use of AI is gaining traction among enterprises for
screening and sourcing candidates. These technological advancements reduce human errors and help automate the
hiring processes. Moreover, social media platform and data-driven recruitment are gaining traction among enterprises.
Large organizations are increasingly adopting RPO services owing to their global expansion and diversified business.
Different countries have different rules regarding recruitment processes. Outsourcing services help in adhering to
different rules across the globe while recruiting. In addition, large organizations have higher budgets for recruitment,
which further, drive the adoption of RPO services.
North America and Europe led the RPO market in 2019 owing to the presence of leading enterprises in the regions. In
addition, the U.S. is witnessing significant growth in the manufacturing and healthcare sectors, which in turn, is
anticipated to drive the recruitment needs. The Asia Pacific also offers a lucrative growth opportunity for the industry
players owing to growing manufacturing and IT hubs in countries such as China and India.
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“The global recruitment process outsourcing (RPO) market size is anticipat