RPO market to reach $21.69Bn by 2027

BANGALORE, INDIA — The global Recruitment Process Outsourcing (RPO) market size is projected to reach US$21.69 billion by 2027 at a compound annual growth rate (CAGR) of 17% during 2021-2027. 

According to market research firm Valuates Reports, the two primary factors driving the market growth are the need for an effective recruiting process and reducing overhead costs.

RPO providers are unrivaled in their ability to find and deliver high-quality talent to businesses. 

“The expertise of their recruiters is a significant reason for this,” Valuates Reports explained. “They hire recruitment experts and invest heavily in their education. Hiring managers must have a positive experience.”

RPO providers accomplish this through transparency, regular reporting, and unrestricted access to recruiters. This, in turn, is expected to drive the growth of the Recruitment Process Outsourcing market.

Valuates added that small and medium-sized enterprises (SMEs) are turning to RPO services to transition from traditional HR activities to strategic decision-making processes. RPO is becoming more popular as companies emphasize talent acquisition and workforce planning to meet the issues of maintaining human resources. 

Large companies, on the other hand, want a single solution to handle all of their HR needs. These factors are expected to drive the growth of the global RPO market.