RPO canvas is growing. Check out the future….

RPO Company IndiaAfter the world of recruitment underwent a paradigm shift, Recruitment Process Outsourcing (RPO) mushroomed to occupy a prominent place in the economy. The South-East Asian market valued at US$ 45.6 Mn in 2013 is expected to reach US$ 154.7 Mn by 2020. This reflects a direct CAGR growth of 19.3% between 2014 and 2020!

I mean, these stats are really a revelation and give a glimpse of what lies in the future!

Rome was not built in a day; equally, RPO industry also did not augment overnight. The ultimate objective of client organizations to associate with RPO services percolates down to their priority to focus on their core business areas. The economy need vis-à-vis the competence of RPO firms, their proven progressive tools and methodologies adopted, no wonder has created a revolutionary impact on recruitment world.

And this is exactly the reason for the RPO industry to throng and build up a niche.

Now, let’s dive into the flashback as well as the future to check out the optimistic trend.

In 2013, On-demand RPO services lead the South-Asian market, occupying almost a chunk of 81% of the entire RPO industry. Low cost and ease in managing the recruitment process, added up the icing on cake! This category will contribute to 19.3% of CAGR growth between 2014 and 2020.

From the User-industry perspective, ITeS & Telecommunication and IT segments contributed a share of approximately 48% to the revenue of Southeast Asian market. Remaining at the forefront, this industry will contribute to a CAGR of 19.6% between 2014 and 2020.

Geographically, as in 2013, Southeast countries such as Singapore and Malaysia were the ones to thrive for RPO services. With the industrialization canvas booming up in Philippines and Myanmar, the geographical trend showcases a CAGR growth of 19.2% during 2014-2020.

With promising figures, RPO industry will no doubt be seen rising on the horizon. The onus of capitalizing on this and creating a win-win situation for client organizations is bestowed on RPO companies in India like us!! :)

Source: WhaTech

Content Credit: My Entire Team