Southeast Asia’s recruitment process outsourcing market forecast to hit USD154.7m by 202

A new market report released by Transparency Market Research showed that the recruitment process outsourcing (RPO) market in Southeast Asia is poised to grow as much as USD154.7million by 2020. The forecast is for the industry to grow at a compounded annual growth rate (CAGR) of 19.3% from 2014 to 2020. The market was valued at USD45.6million in 2013.The report added that Indonesia will be the fastest growing market for RPO solutions, growing at a CAGR of 19.9% during the forecast period. Indonesia’s growth will be driven by the high growth in the country’s industrial sectors, according to the report.