DUBLIN, Sept. 5, 2022 /PRNewswire/ — The “Recruitment Process Outsourcing (RPO) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added to ResearchAndMarkets.com’s offering.
The recruitment process outsourcing market worldwide is projected to expand with a CAGR of 13.9% during the forecast period from 2022 to 2030. The market for recruitment process outsourcing (RPO) is majorly governed by the increasing adoption of outsourcing services worldwide.
Most of the companies are looking for external service providers which can help them reduce their overhead costs. Additionally, outsourcing the recruitment processes to a third-party provider enables organizations to focus on their core competencies thereby enhancing their business operations.
Outsourcing recruitment processes enables business organizations to hire candidates as per their requirements without bearing any cost internally. Furthermore, the demand for RPO services has witnessed strong growth due to their tremendous advantages over traditional methods of recruitment. Due to these factors, the recruitment process outsourcing market is expected to witness high growth during the forecast period.
Global Recruitment Process Outsourcing Market, By Engagement Model
As of 2021, the global recruitment process outsourcing market is dominated by the on-demand RPO segment. The segment contributed approximately 80% of the total market revenues in 2020. The dominance of the segment is majorly attributed to the low cost and better flexibility of the service. As a…