Recruitment Process Outsourcing Market Expansion Continues, with Forecast Valuation of $14.58 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Recruitment Process Outsourcing Market Through 2025?
In recent years, the market size of recruitment process outsourcing has seen significant growth. The market, worth $7 billion in 2024, is predicted to reach $8.18 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.9%. This growth during the historical period is largely due to factors such as focus on core competencies, globalization, access to talent, the growing trend of remote work, and challenges related to compliance and regulatory matters.

What's the Projected Size of the Global Recruitment Process Outsourcing Market by 2029?
In the coming years, the market size of recruitment process outsourcing is projected to experience a swift expansion. With a compound annual growth rate (CAGR) of 15.5%, it is anticipated to reach $14.58 billion by 2029. The projected growth over this period can be credited to factors such as talent scarcities and skill deficiencies, flexibility and scalability, improved applicant experience, data-led decisions, and advances in recruitment technologies. Key trends for this period will include AI and automation assimilation, virtual recruitment platforms, improved employee value proposition (EVP), human-focused AI, talent pooling and pipelining.

View the full report here:
https://www.thebusinessresearchcompany.com/report/recruitment-process-outsourcing-global-market-report

Top Growth Drivers in the Recruitment Process Outsourcing Industry: What's Accelerating the Market?
The increasing predominance of a remote working environment is anticipated to fuel the expansion of the recruitment process outsourcing market in the future. This signifies an organizational change in normal operations and policies that allows employees to complete their tasks outside the conventional office space, often from their residences or other distant areas. The growth in remote working culture is motivated by the pursuit of a better work-life equilibrium, monetary savings for both businesses and employees, and technological advancements that facilitate effective remote team work. Remote work removes geographic restrictions, enabling companies to tap into a broader and more diverse pool of potential hires. Recruitment process outsourcing firms can use their knowledge and tools to seek out candidates from various places, enhancing the chances of locating the ideal candidate for remote roles. For instance, in June 2023, Forbes Media LLC, a media firm based in the United States, reported that approximately 12.7% of full-time employees were working from home in 2023, with 28.2% anticipated to adopt a hybrid work approach in the US. Moreover, it is projected that by 2025, 32.6 million people will be working remotely. Consequently, the surge in remote working culture is propelling the recruitment process outsourcing market's development.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14786&type=smp

What Are the Key Trends Driving Recruitment Process Outsourcing Market Growth?
Leading firms in the recruitment process outsourcing market are increasingly concentrating on creating AI-based tools like Kelly Arc in order to enhance their competitiveness. Kelly Arc, powered by artificial intelligence, revamps the recruitment routine by automating CV reviews, pinpointing qualified applicants, and enriching decision-making processes via data-driven understandings, in turn saving time and boosting aptitude acquisition efficiency. To illustrate, Kelly Services Inc., a company headquartered in the United States, introduced Kelly Arc in October 2023. This recruitment platform focuses on automation powered by artificial intelligence. The platform meets the escalating demand for AI and automated talent by linking employers to skilled professionals such as robotics process automation (RPA) developers and project managers.

What Are the Main Segments in the Recruitment Process Outsourcing Market?
The recruitment process outsourcing market covered in this report is segmented -

1) By Type: On-Demand, Function-Based, Enterprise-Based
2) By Service: On-Site, Off-Site
3) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-Use: Banking, Financial Services And Insurance, Healare, Manufacturing, Information Technology (IT) And Telecommunication, Education, Other End-users

Subsegments:
1) By On-Demand: Temporary Staffing, Project-Based Hiring
2) By Function-Based: Recruitment For Specific Functions, Talent Mapping And Pipelining, Screening And Assessment
3) By Enterprise-Based: End-To-End Recruitment Management, Global Recruitment Services, Employer Branding And Strategy Development

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14786&type=smp

Which Top Companies are Driving Growth in the Recruitment Process Outsourcing Market?
Major companies operating in the recruitment process outsourcing market are Plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Ltd., Randstad N.V., The Adecco Group AG, ManpowerGroup Inc., Infosys Ltd., Allegis Group Inc., Aon Hewitt LLC, Hays plc, AMN Healare Services Inc., Kelly Services Inc., Pontoon Solutions Inc., Korn Ferry International, Advantage Resourcing America Inc., Alexander Mann Solutions Ltd., PeopleScout Inc., Kenexa Corporation, Sevenstep RPO LLC, Hudson Global Inc., Orion Talent LLC, Atterro Human Capital Group, Accolo Inc.

Which Regions Will Dominate the Recruitment Process Outsourcing Market Through 2029?
North America was the largest region in the recruitment process outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the recruitment process outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14786

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.