Southeast Asia Recruitment Process Outsourcing (RPO) Market- Industry Analysis, Size and Forecast 2014-2020

The Southeast Asia recruitment process outsourcing market is estimated to undergo a substantial development, when it comes to recruiting the right personnel for the job , in the span of coming years. As per the TMR analyst, the key players are making efforts to make their facility quicker, credible, and easily available for the clients. Thi sis lieklyto get them an edge over their competitors. Rising globalization is significantly visible in the market since increasing number of firms are opting for RPO service for skilled professional in the region. Resultantly, the RPO firms have also rolled over their sleeves to deal with the grwoing Zyoin Web Pvt. Ltd., competition in the Southeast Asia Market for RPO. key players operating in the RPO market are Kelly Outsourcing and Consulting Group, Hudson Global, Inc., Atterro Human Capital Group, Talent Fusion, and Randstad Holding NV.

According to a recent report by Transparency Market research (TMR), the Southeast Asia recruitment process outsourcing market is prognosticated to project a whooping CAGR of 19.3% during the forecast period from 2014 to 2020. In 2013, the RPO market in Southeast Asia was valued around worth of US$45.6 mn and this figure is estimated to reach around US$154.7 mn by the end of 2020.

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On the basis of engagement type, the Southeast Asia RPO market is classified as end-to-end RPO and on-demand RPO. Among these types, in 2013, the segment of on-demand RPO dominated the Southeast Asia market in terms of revenue share. This was attributed to better benefits of on-demand RPO segment when compared to the other segment. Based on geography, the Rest of Southeast Asia (RoSEA) in 2013, led the entire Southeast Asia market with 78% of market share in the recruitment process outsourcing (RPO) market. This development id credited to increasing popularity of RPO services in Singapore and Malaysia. Moreover, the demand regarding RPO solutions in RoSEA is propelled by the surging IT outsourcing sector in Myanmar and Philippines.