Latest News- Recruitment Process Outsourcing (Rpo) Market in APAC: Blended RPO is expected to lead the Service segment during 2024-2028

The Recruitment Process Outsourcing (Rpo) Market in APAC is being driven by Need to improve HR value chain and compliance

The Recruitment Process Outsourcing (Rpo) Market in APAC is expected to grow at a CAGR of 21.31% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3592.2 million. In the dynamic business landscape of APAC, the adoption of cloud technology has significantly transformed the Recruitment Process Outsourcing (RPO) market. RPO solutions, classified as Business Process-as-a-Service (BPaaS), are now hosted on remote infrastructure managed by cloud providers. These services enable businesses to outsource various processes such as recruitment, payroll, finance and accounting, contact centers, and specialized HR solutions. The flexibility offered by modern technologies in APAC has fueled the demand for agile BPO services. Firms can now choose RPO services that cater to their business size and modify them as needed to maintain a competitive edge in the global market. The increasing prevalence of BPaaS in organizations is driving the demand for cloud-based services, providing new opportunities for businesses to innovate and stay ahead in the evolving IT ecosystem. 

Get more information on Recruitment Process Outsourcing (Rpo) Market in APAC by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Blended RPO
  • MCRPO
• End-user
  • Manufacturing
  • BFSI
  • Services
  • Energy
  • Others
• Geography
  • APAC
    • Australia
    • China
    • India
    • Japan

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need to improve HR value chain and compliance
• Increased use of neo-sourcing
• Digital transformation

However, the market also witnesses some limitations, which are as follows:

• Quality of service concerns
• Regulatory issues
• High attrition rate

Benefits of Buying Global Recruitment Process Outsourcing (Rpo) Market in APAC Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Recruitment Process Outsourcing (Rpo) Market in APAC Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Recruitment Process Outsourcing (RPO) in the APAC region has gained significant traction among multinational companies looking to offload their recruitment-related operations to third-party service providers. RPO enables businesses to focus on their core abilities by outsourcing off-site services such as job posting, candidate screening, offer execution, and other recruitment-related tasks. RPO can help reduce overhead expenses related to the human resources department and staffing services. With a labor shortage and increasing recruitment costs, RPO has become an essential business task for many organizations. Employment laws in the APAC region can be complex, making it crucial for businesses to work with experienced external service providers. Automation, Applicant Tracking Systems (ATS), chatbots, machine learning, and artificial intelligence are transforming the RPO market in APAC. These technologies can streamline the recruitment process, improve candidate engagement, and reduce time-to-hire. Business associations play a vital role in promoting best practices and standards in the RPO industry. RPO providers in APAC cater to various talent segments, from postgraduates and fresh graduates to experienced professionals. The RPO market in APAC is expected to grow as businesses continue to seek cost reduction and improved efficiency in their talent acquisition strategies. Despite the benefits, it is essential to consider the attrition rate when outsourcing recruitment processes to ensure a consistent and high-quality talent pipeline.

Market Research Overview

The Recruitment Process Outsourcing (RPO) market in APAC falls under the broader IT services sector, specifically the Business Process Outsourcing (BPO) segment. This market encompasses organizations that specialize in managing a company's recruitment functions, from sourcing to onboarding. According to Technavio, the global IT services market, which includes IT consulting and other services, is projected to grow due to increasing government investments in modernizing IT infrastructure. This trend creates a demand for skilled IT professionals, leading to an increased need for RPO services to help organizations efficiently source and hire qualified candidates. Additionally, the adoption of advanced technologies such as AI and machine learning in recruitment processes further enhances the value proposition of RPO providers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/