Authored By: Sarah
15 Jul 2024

 Recruitment Process Outsourcing (Rpo) Market in APAC Size to grow by USD 3592.2 million between 2024-2028

According to a research report “ Recruitment Process Outsourcing (Rpo) Market in APAC” by Service (Blended RPO, MCRPO) End-user (Manufacturing, BFSI, Services, Energy, Others) Geography (APAC)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3592.2 million, at a CAGR of  21.31% during the forecast period. In the dynamic business landscape of APAC, Recruitment Process Outsourcing (RPO) providers are strategically extending their offerings to elevate the value chain and generate substantial returns on investment (ROI) for buyers. Amidst the commoditization of outsourcing services, RPO has evolved into a catalyst for innovation, harmonizing operational improvements and next-generation business value propositions. While cost savings remain a primary concern, clients increasingly seek value-added services, such as advanced recruitment functionalities, to optimize their hiring processes. RPOs in APAC are responding to this demand by delivering robust, customized solutions that go beyond traditional outsourcing models.

Browse market data tables, figures, and in-depth TOC on “Recruitment Process Outsourcing (Rpo) Market in APAC” by Service (Blended RPO, MCRPO) End-user (Manufacturing, BFSI, Services, Energy, Others) Geography (APAC) Global Forecast to 2028. Download Free Sample

 

By Service, the Blended RPO segment is projected to dominate the market size in 2024

In the highly competitive manufacturing landscape of APAC, where new players are emerging and existing ones are expanding, companies are confronted with increasing complexities in their shop floor and supply chain systems. To address these challenges, there is a growing demand for automation and flexible production techniques. This shift towards advanced manufacturing methods necessitates the hiring of experienced talent, particularly in the areas of technology and engineering. However, many manufacturing companies in APAC lack a well-defined HR function or the expertise to source talent effectively. Recruitment Process Outsourcing (RPO) providers offer a viable solution, delivering specialized recruitment services tailored to the unique needs of the manufacturing sector. By partnering with RPOs, manufacturing companies in APAC can streamline their hiring processes, secure top talent, and stay ahead of the competition.

By End-user, Manufacturing  segment is expected to hold the largest market size for the year 2024

The APAC Recruitment Process Outsourcing (RPO) market is witnessing significant growth, with the blended RPO segment experiencing more modest expansion compared to the Multi-Process Recruitment Process Outsourcing (MCRPO) segment during the forecast period. This trend is driven by an increasing number of organizations in the region opting for blended workforce solutions, which combine the management of both permanent and contingent hiring. Service providers specializing in contingent workforce management are referred to as Managed Service Providers (MSPs), while those managing permanent hiring are recognized as RPOs. Blended RPO offers numerous financial, strategic, and operational advantages, enabling organizations to streamline their talent acquisition processes through a single service provider. The APAC market is adopting blended RPO at a faster pace than mature markets like North America and Europe, where standalone RPO or MSP models have been prevalent for some time.

APAC is forecasted to hold the largest market size by region in 2024

The Recruitment Process Outsourcing (RPO) market in APAC is experiencing significant growth, driven by increasing demand for efficient and cost-effective talent acquisition solutions. Companies are leveraging RPO services to optimize their recruitment functions, improve candidate quality, and enhance hiring agility. Key trends include the adoption of advanced technologies such as AI and machine learning, and the rise of flexible engagement models. Market size is projected to reach USD10.5 billion by 2025, growing at a CAGR of 12.5% during the forecast period.

The Recruitment Process Outsourcing (Rpo) Market in APAC growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Accenture Plc
  • Adecco Group AG
  • Alexander Mann Solutions
  • Allegis Group
  • Automatic Data Processing Inc.
  • Cielo Inc.
  • EuroDev Holding B.V.
  • GECO Asia Pte. Ltd.
  • GlobalHunt India Pvt. Ltd.
  • Hays Plc
  • Hudson Global Inc.
  • Infosys Ltd.
  • International Business Machines Corp.
  • Kelly Services Inc.
  • Kite Consulting
  • Korn Ferry
  • ManpowerGroup Inc.
  • Randstad NV
  • Systemart LLC
  • TrueBlue Inc.
.

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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

Recruitment Process Outsourcing (RPO) in APAC has gained significant traction among multinational corporations (MNCs) and Small and Medium Enterprises (SMEs) due to the benefits of offshoring support offices to countries with lower labor costs and process efficiencies. RPOs offer web-based and cloud-based services for recruitment-related operations, including job posting, offer execution, candidate screening, and record-keeping. RPOs cater to various industries such as financial sector, manufacturing, IT and Telecom, healthcare, and more, providing talent acquisition solutions for high-skilled positions and recent graduates. Multi-Country RPOs enable companies to streamline their recruitment processes across multiple employment sectors and countries. Enterprise RPO, Function-based RPO, and On-demand RPO are popular recruitment models that offer selectivity, cost reduction, and flexibility. Automation tools like Applicant Tracking Systems, chatbots, machine learning, and artificial intelligence are increasingly being used to enhance candidate engagement and strategic workforce planning. RPOs help businesses reduce overhead expenses by outsourcing recruitment tasks to external service providers, enabling them to focus on their core business operations. Employment laws and labor shortage are significant challenges in APAC, but RPOs offer expertise in navigating these complexities. Recruitment audits and recruitment solutions are also provided by RPOs to help businesses optimize their recruitment processes and improve their talent pool. Business associations and industry experience are essential for RPOs to provide effective recruitment services, making them valuable partners for businesses looking to attract and retain a skilled workforce.

Contacts

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/

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