Southeast Asia Recruitment Process Outsourcing (RPO) Market to Expand at 19.3% CAGR till 2020, Driven by Advancement in Technology

Transparency Market Research (TMR) has announced the release of the new report, titled “Recruitment Process Outsourcing Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. According to this report, the global recruitment process outsourcing (RPO) market will expand at a CAGR of 19.3% during the forecast period from 2014 to 2020. In 2013, the Southeast Asia recruitment process outsourcing market was worth US$45.6 million and by 2020, the market is projected to be worth US$154.7 million.

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The Southeast Asia recruitment process outsourcing (RPO) market is driven by the economic development in Southeast Asia. Furthermore, the tremendous advantages of RPO are also fueling the Southeast Asia recruitment process outsourcing market. On the other hand, the Southeast Asia RPO market will be suppressed by the lack of confidence about RPO providers.

By engagement type, the Southeast Asia recruitment process outsourcing (RPO) market is divided into on-demand and end-to-end RPO. The on-demand RPO segment held a massive market share of 81% in the Southeast Asia recruitment process outsourcing market in 2013. On-demand RPO solutions involve outsourcing some part of the recruitment process and are considered more cost-effective as compared to end-to-end RPO solutions. This is the key driver of the on-demand RPO market segment. The on-demand RPO sector will expand at a CAGR of 19.3% during the forecast period in the Southeast Asia recruitment process outsourcing market.

By end use, the Southeast Asia recruitment process outsourcing (RPO) market is segmented into hospitality; healthcare and pharmaceuticals; manufacturing; IT, ITeS, and telecommunication; banks, financial services, and insurance (BFSI); others. In 2013, the IT, ITeS, and telecommunication sector dominated the market with a revenue share of 48%. The IT, ITeS, and telecommunication sector in the Southeast Asia RPO market is projected to expand at a 19.6% CAGR during the forecast period.

By geography, the Southeast Asia recruitment process outsourcing (RPO) market is divided into Vietnam, Indonesia, Thailand, and Rest of Southeast Asia (RoSEA). The Southeast Asia market is highly heterogeneous in nature and different regions have distinct characteristics. Furthermore, companies have diverse mindsets and service providers need to personalize their offerings accordingly. This will help RPO providers survive and thrive in the Southeast Asia recruitment process outsourcing market.

Indonesia in the Southeast Asia recruitment process outsourcing (RPO) market is anticipated to be the fastest growing regional market during the forecast period. The Indonesia recruitment process outsourcing market is expected to expand at a CAGR of 19.9% during the forecasting horizon. In Indonesia, the demand for RPO solutions is driven by industrial sectors such as pharmaceuticals, healthcare, and manufacturing.

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The report on the Southeast Asia recruitment process outsourcing (RPO) market offers a detailed analysis of the key companies operating in this market. These include: Randstad Holding NV, Atterro Human Capital Group, Talent Fusion, Hudson Global, Inc., Zyoin Web Pvt. Ltd., and Kelly Outsourcing and Consulting Group. Players in the Southeast Asia recruitment process outsourcing market will benefit from their rising application in small and medium businesses (SMBs).

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This release was published on openPR.