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Saudi Arabia Manpower Outsourcing Market Research: Key Companies Adam Recruitment, Littelfuse, Proven SA, Talents Hunters, TASC Outsourcing, Advanced Electronics, Massadr HR Services

04-26-2019 02:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Saudi Arabia Manpower Outsourcing Market

Saudi Arabia Manpower Outsourcing Market

The manpower outsourcing market on a Saudi Arabia scenario is estimated to account for US$ 2.35 Bn in 2018 and is expected to grow at a CAGR of 10.9% during the forecast period 2019 – 2027, to generate US$ 5.67 Bn by 2027.

Worldwide Saudi Arabia Manpower Outsourcing Market Analysis to 2027 is a specialized and in-depth study of the Saudi Arabia Manpower Outsourcing Market industry with a focus on the global market trend. The report aims to provide an overview of global Saudi Arabia Manpower Outsourcing Market with detailed market segmentation by product/application and geography. The global Saudi Arabia Manpower Outsourcing Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Saudi Arabia Manpower Outsourcing Market players and offers key trends and opportunities in the Market.

Key Benefits-

- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Saudi Arabia Manpower Outsourcing Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

Get Sample Copy of this Report at https://bit.ly/2vmpC0b

The market for manpower outsourcing in Saudi Arabia is progressing steadily year on year on account of rise in industrialization and commercialization in the current scenario. Saudi Arabian government is constantly focusing on increasing the number of jobs for the nationalities. The government of the Kingdom is heavily attracting foreign direct investments in order to expand industries across the country.

Retail in Saudi Arabia is one of the emerging sectors, owing to the significant demand growth of hypermarkets and supermarkets apart from the local retailers. The key factors influencing the retail sector in Saudi Arabia are rising population, infrastructure/ real estate growth and consistently increasing purchasing power of consumers. Saudi Arabia retail sector constitutes approx. 70% of the overall retail sector in GCC Countries. The food & grocery segment in the retail sector accounted for the largest shares in Saudi Arabia. The modern retail outlets or hypermarkets and supermarkets accounts for approx. 35% of the Saudi retail sector and the count for the same is approx. 1,225 in the current scenario. The retail and wholesale sectors in Saudi Arabia are currently are heavily captured by the expatriates or foreign nationals.

The List of Companies

- AJEETS MANAGEMENT & HR CONSULTANCY
- ADAM RECRUITMENT
- LITTELFUSE INC.
- PROVEN SA
- TALENTS HUNTERS
- TASC OUTSOURCING
- ADVANCED ELECTRONICS COMPANY
- MASSADR
- HRM OUTSOURCING

The Saudi government is investing substantially in the retail industry and is aiming to create 1.2 million jobs in the sector. The interest in catalyzing retail industry is anticipated to facilitate manpower outsourcing companies to generate substantial revenue. This is attributed to the fact that the retail sector demands a huge number of employees from various verticals, and the trend of manpower outsourcing is expected to soar in the coming years in the region. Another sector which is growing slowly in the current scenario, and has the potential to attract customers in the coming years is the e-commerce industry. In the recent past, the e-commerce industry has flourished significantly in the developed countries and developing nations including some of the GCC countries. The increasing penetration of the internet and smartphones have led the Saudi youths to opt for online retail in the recent market status, and the trend is expected to rise in the future.

Type Insights

Saudi Arabia manpower outsourcing market is categorized on basis of different type of job opportunities as technical staffs, sales & marketing, office / admin staffs, and others. The others segment includes teachers and training development individuals, and nurses and medical staffs. The technical staffs segment dominated the type segment owing to the significant demand for the technical professionals across industries.

Industry Insights

The Saudi Arabia manpower outsourcing market is segmented on basis of different industries namely; manufacturing, retail, ITES & Telecom, food & beverage, BFSI, hospitality and others. The others segment constitutes of educational institutes, medical & healthcare, and entertainment industries. The Saudi Arabia manpower outsourcing market based on industry was led by manufacturing segment.

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Strategic Insights

The companies adopt partnership strategies to enhance its capabilities and expand its footprint in different geographies was observed as the most adopted strategy in Manpower Outsourcing industry in Saudi Arabia.

- Talents Hunters partnered with iDOX Soft to outsource technical staffs and sales & marketing professionals
- Adam recruitment partnered with Misk schools in Riyadh to provide its services in educational sector.
- Adam recruitment partnered with King Abdullah group to provide manpower outsourcing services.

GLOBAL MANOPOWER OUTSOURCING SERVICES MARKET - SEGMENTATION

Saudi Arabia Manpower Outsourcing Market – By Type

Technical Staff
Sales & Marketing
Office / Admin Support
Others
Saudi Arabia Manpower Outsourcing Market – By Industry

Manufacturing
Retail
ITES & Telecom
Food & Beverage
Hospitality
BFSI
Others

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Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Saudi Arabia Manpower Outsourcing Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Saudi Arabia Manpower Outsourcing Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:

The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com

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