SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

RPO market in APAC could post 21% CAGR through 2018-2022

Calling all L&D and corporate training professionals! Do not miss Asia’s premier conference on learning, training and corporate development strategy, Training & Development Asia. Register now!

閱讀中文版本

In new market research by Technavio, the recruitment process outsourcing (RPO) market in Asia Pacific is expected to grow at a CAGR of over 21% between 2018-2022, driven by a need to improve the HR value chain and compliance.

Among the key RPO target sectors, BFSI holds 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%.

ALSO READ: Easing the salary cycle: Asia’s best payroll outsourcing partners

Amongst countries, Japan was the leading nation for the RPO market in APAC in 2017.

Additionally, one of the key upcoming trends highlighted in the report is the evolution of BPaaS, i.e. RPO solutions hosted on remote infrastructure, managed by cloud providers (business process-as-a-service). Recruitment, payroll, finance and accounting, contact centres, and specialised HR solutions are some of the business processes being enabled by cloud-based BPOs.

technavio report

 

Infographic / Technavio



Employee Healthcare Interactive: Asia’s only regional conference on workforce healthcare and corporate wellness strategy. Request your invite now to this exclusive, by-invite forum

Read More News

Trending