Recruitment Process Outsourcing Market in APAC to Post 21% CAGR Through 2022 | Technavio
May 16 2018 - 3:10PM
Business Wire
Technavio’s latest market research report on the
recruitment process outsourcing (RPO) market in APAC
provides an analysis of the most important trends expected to
impact the market outlook from 2018-2022.
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the full release here:
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Technavio has published a new market
research report on the recruitment process outsourcing (RPO) market
in APAC from 2018-2022. (Graphic: Business Wire)
According to Technavio market research analysts, the
recruitment process outsourcing market in APAC will grow at
a CAGR of over 21% during the forecast period. The need to
improve the HR value chain and compliance is a major factor driving
the market’s growth.
RPO providers in APAC are extending the value chain to deliver a
robust value chain structure and significantly increase the return
on investment (ROI) of buyers. It has become inevitable for the RPO
market in APAC to ascend to the higher end of the value chain owing
to the commoditization of outsourcing services. Currently, RPO has
transformed itself as an enabler of innovation, simultaneously
driving operational improvements. Its strategies are being
considered as the next-generation business value propositions.
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In this report, Technavio highlights the evolution of BPaaS as
one of the key emerging trends in the recruitment process
outsourcing market in APAC:
Evolution of BPaaS
Cloud technology has transformed the mode of outsourcing
business processes. RPO solutions are hosted on remote
infrastructure, managed by cloud providers, and categorized as
business process-as-a-service (BPaaS). Recruitment, payroll,
finance and accounting, contact centers, and specialized HR
solutions are some of the business processes that are being enabled
by cloud-based BPOs. The advent of modern technologies in the APAC
market has led to flexibility to the IT architecture, which has
created a demand for flexible BPO services. Based on the size of
their business, firms can select RPO services and modify the
services in the future to remain competitive in the international
market.
“The adoption of BPaaS is growing rapidly in
organizations, and the demand for cloud-based services will also
witness an increase to gain a competitive edge and new platform
solutions in the IT ecosystem,” says a senior analyst at Technavio
for research on ITO and BPO.
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Recruitment process outsourcing market
in APAC – segmentation analysis
This market research report segments the recruitment process
outsourcing market in APAC into the following end users (BFSI,
manufacturing, energy, and services) and key leading countries
(Japan, China, India, Australia, Malaysia, Singapore, South Korea,
Indonesia, and Rest of APAC).
The BFSI segment held the largest market share in 2017,
accounting for nearly 30% of the market. The market share for this
end user is expected to decrease nearly 3% by 2022. However, by
2022, the manufacturing segment is expected to surpass the BFSI
segment to become the leading segment, accounting for a market
share of 30%.
Japan was the leading country for the recruitment process
outsourcing market in APAC in 2017. It is one of the most
technologically advanced countries in the world. The flourishing
industrial and private sectors, as well as the penetration of key
end-user industries, makes it one of the most significant
markets.
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version on businesswire.com: https://www.businesswire.com/news/home/20180516006352/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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