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The recruitment process outsourcing market size is forecast to increase by USD 11.41 billion at a CAGR of 18.68% between 2023 and 2028. The Recruitment Process Outsourcing (RPO) market is witnessing significant growth, driven by the industrial sectors' increasing focus on cost reduction through the outsourcing of non-core HR functions. Core competencies of RPO providers, such as access to a large talent pool, expertise in recruitment processes, and advanced technologies like data analytics and artificial intelligence, are key factors fueling market growth. Recent graduates and postgraduates are increasingly opting for RPO services due to the convenience and on-demand nature of these offerings. Cloud-based and web-based services are gaining popularity, enabling fresh new businesses and function-selective RPO solutions. The market caters to various industries and enterprise-level clients, offering on-site, on-demand, and function-based RPO services. However, the risk of overdependence on a single company for recruitment needs can pose challenges, necessitating a balanced approach to RPO engagement. Financial restrictions and scalability requirements are other factors influencing the market landscape.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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