Recruitment process outsourcing market size to increase by USD 7,600.36 million: North America will account for 40% of market growth - Technavio

NEW YORK, Jan. 31, 2023 /PRNewswire/ -- The recruitment process outsourcing market by end-user, type, and geography - forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 15.2% and register an incremental growth of USD 7,600.36 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Company profiles

The recruitment process outsourcing market report includes information on the key products and recent developments of leading vendors, including:

• Accenture Plc: The company offers recruitment process outsourcing solutions for industries such as health, insurance and banking.
• Adecco Group AG: The company offers recruitment process outsourcing solutions by partnering with an organization to customize solutions that involve all or part of a client's recruiting operations, including, workforce planning, recruiting strategy, sourcing and screening and candidate assessment.
• Alexander Mann Solutions: The company offers recruitment process outsourcing solutions by removing bias from sourcing, screening, assessment and hiring processes.
• AMN Healthcare Services Inc.: The company offers recruitment process outsourcing solutions which helps to reduce ones reliance on contingent workforce by deploying a successful healthcare RPO program that is customized to the business needs.
• Automatic Data Processing Inc.
• Cielo Inc.
• Deloitte Touche Tohmatsu Ltd.
• Hays Plc.
• Hudson Global Inc.
• To gain access to more vendor profiles available with Technavio, buy the report!

Regional analysis

Based on region, the global recruitment process outsourcing market is segmented into North America, APAC, Europe, Middle East and Africa, and South America. One of the major factors driving the regional market is the continuous increase in the skilled workforce of staffing companies in North America. Another reason for market growth in the region is the rise in the adoption of advanced technologies such as cloud computing, AI, and RPA. Hence, BPO organizations leverage advanced technologies to improve their service offering to customers. Hence, the increase in the adoption of technologies, innovations in technological platforms, and partnerships across industries are likely to result in decent growth of the market in the region during the forecast period.

Market dynamics

The market is driven by factors such as increased use of neo-sourcing, cost reduction by streamlining the hiring process, and the emergence of nearshore outsourcing destinations. However, unstable labor laws and regulations are hindering the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market Segmentation

• Based on end-user, the market is segmented into IT and telecom, manufacturing, BFSI, healthcare, and others. The IT and telecom segment accounted for the largest share of the market in 2022.
• Based on geography, the market is segmented into North America, APAC, Europe, Middle East and Africa, and South America. North America held the largest share of the market in 2022.

Related Reports:

The business process outsourcing market size is expected to increase by USD 75.89 billion from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 6.5%. This report extensively covers market segmentation by end-user (IT and telecommunication, BFSI, retail, healthcare, and others), business segment (large enterprises and SMEs), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

The legal process outsourcing services market size is predicted to surge by USD 34,662.7 million from 2022 to 2027 at a CAGR of 34.76%. This report entails market segmentation by service (contract management, e-discovery services, litigation support, legal research, and others), location (offshore outsourcing and on-shore outsourcing), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

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What are the key data covered in this Recruitment process outsourcing market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the recruitment process outsourcing market between 2023 and 2027
• Precise estimation of the recruitment process outsourcing market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industry across North America, APAC, Europe, Middle East and Africa, and South America.
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of recruitment process outsourcing market vendors

Recruitment process outsourcing market Scope

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global recruitment process outsourcing market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global recruitment process outsourcing market 2017 - 2021 ($ million)

• 4.2 End user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 IT and telecom - Market size and forecast 2022-2027
• Exhibit 34: Chart on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on IT and telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on IT and telecom - Year-over-year growth 2022-2027 (%)

• 6.4 Manufacturing - Market size and forecast 2022-2027
• Exhibit 38: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)

• 6.5 BFSI - Market size and forecast 2022-2027
• Exhibit 42: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 6.6 Healthcare - Market size and forecast 2022-2027
• Exhibit 46: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 55: Chart on Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 57: Chart on Comparison by Type
• Exhibit 58: Data Table on Comparison by Type

• 7.3 Large enterprises - Market size and forecast 2022-2027
• Exhibit 59: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 7.4 SMEs - Market size and forecast 2022-2027
• Exhibit 63: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.11 Australia - Market size and forecast 2022-2027
• Exhibit 105: Chart on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Australia - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Australia - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Accenture Plc 
• Exhibit 120: Accenture Plc - Overview
• Exhibit 121: Accenture Plc - Business segments
• Exhibit 122: Accenture Plc - Key news
• Exhibit 123: Accenture Plc - Key offerings
• Exhibit 124: Accenture Plc - Segment focus

• 12.4 Adecco Group AG 
• Exhibit 125: Adecco Group AG - Overview
• Exhibit 126: Adecco Group AG - Business segments
• Exhibit 127: Adecco Group AG - Key offerings
• Exhibit 128: Adecco Group AG - Segment focus

• 12.5 Alexander Mann Solutions 
• Exhibit 129: Alexander Mann Solutions - Overview
• Exhibit 130: Alexander Mann Solutions - Product / Service
• Exhibit 131: Alexander Mann Solutions - Key offerings

• 12.6 Allegis Group 
• Exhibit 132: Allegis Group - Overview
• Exhibit 133: Allegis Group - Product / Service
• Exhibit 134: Allegis Group - Key offerings

• 12.7 AMN Healthcare Services Inc. 
• Exhibit 135: AMN Healthcare Services Inc. - Overview
• Exhibit 136: AMN Healthcare Services Inc. - Business segments
• Exhibit 137: AMN Healthcare Services Inc. - Key news
• Exhibit 138: AMN Healthcare Services Inc. - Key offerings
• Exhibit 139: AMN Healthcare Services Inc. - Segment focus

• 12.8 Automatic Data Processing Inc. 
• Exhibit 140: Automatic Data Processing Inc. - Overview
• Exhibit 141: Automatic Data Processing Inc. - Business segments
• Exhibit 142: Automatic Data Processing Inc. - Key news
• Exhibit 143: Automatic Data Processing Inc. - Key offerings
• Exhibit 144: Automatic Data Processing Inc. - Segment focus

• 12.9 Cielo Inc. 
• Exhibit 145: Cielo Inc. - Overview
• Exhibit 146: Cielo Inc. - Product / Service
• Exhibit 147: Cielo Inc. - Key offerings

• 12.10 Deloitte Touche Tohmatsu Ltd. 
• Exhibit 148: Deloitte Touche Tohmatsu Ltd. - Overview
• Exhibit 149: Deloitte Touche Tohmatsu Ltd. - Business segments
• Exhibit 150: Deloitte Touche Tohmatsu Ltd. - Key offerings
• Exhibit 151: Deloitte Touche Tohmatsu Ltd. - Segment focus

• 12.11 Hudson Global Inc. 
• Exhibit 152: Hudson Global Inc. - Overview
• Exhibit 153: Hudson Global Inc. - Business segments
• Exhibit 154: Hudson Global Inc. - Key offerings
• Exhibit 155: Hudson Global Inc. - Segment focus

• 12.12 Infosys Ltd. 
• Exhibit 156: Infosys Ltd. - Overview
• Exhibit 157: Infosys Ltd. - Business segments
• Exhibit 158: Infosys Ltd. - Key news
• Exhibit 159: Infosys Ltd. - Key offerings
• Exhibit 160: Infosys Ltd. - Segment focus

• 12.13 International Business Machines Corp.
• Exhibit 161: International Business Machines Corp. - Overview
• Exhibit 162: International Business Machines Corp. - Business segments
• Exhibit 163: International Business Machines Corp. - Key news
• Exhibit 164: International Business Machines Corp. - Key offerings
• Exhibit 165: International Business Machines Corp. - Segment focus

• 12.14 Korn Ferry 
• Exhibit 166: Korn Ferry - Overview
• Exhibit 167: Korn Ferry - Business segments
• Exhibit 168: Korn Ferry - Key offerings
• Exhibit 169: Korn Ferry - Segment focus

• 12.15 ManpowerGroup Global Inc. 
• Exhibit 170: ManpowerGroup Global Inc. - Overview
• Exhibit 171: ManpowerGroup Global Inc. - Business segments
• Exhibit 172: ManpowerGroup Global Inc. - Key news
• Exhibit 173: ManpowerGroup Global Inc. - Key offerings
• Exhibit 174: ManpowerGroup Global Inc. - Segment focus

• 12.16 PeopleScout Inc. 
• Exhibit 175: PeopleScout Inc. - Overview
• Exhibit 176: PeopleScout Inc. - Product / Service
• Exhibit 177: PeopleScout Inc. - Key offerings

• 12.17 Randstad Sourceright EMEA B.V. 
• Exhibit 178: Randstad Sourceright EMEA B.V. - Overview
• Exhibit 179: Randstad Sourceright EMEA B.V. - Product / Service
• Exhibit 180: Randstad Sourceright EMEA B.V. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

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