ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a research document titled “Recruitment Process Outsourcing (RPO) (On-demand RPO and End-to-end RPO) Market - Southeast Asia Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.
According to the market research report, the Southeast Asia recruitment process outsourcing market is currently growing at a CAGR of 19.3% from 2014 to 2020. Prior to this frame of analysis, the market’s value in 2013 was US$45.6 million. If the report’s estimated CAGR holds true, the market’s value in 2020 should be US$154.7 million.
The report states that the Rest of Southeast Asia (RoSEA) region was the greatest contributor to the growth of the Southeast Asia recruitment process outsourcing market in 2013. The current market driver, however, has been revealed as Indonesia. The growth of the RPO market in Indonesia alone is calculated to be at a CAGR of 19.9% from 2014 to 2020. The primary growth driver for the Southeast Asia recruitment process outsourcing market is said to be the high level of growth of the industrial sector, especially in Indonesia. The growing sector is demanding an increasing number of RPO solutions. This includes pharmaceuticals, healthcare, and manufacturing.
The report also states the fast-growing IT and ITeS industries of Indonesia to be driving the Southeast Asia recruitment process outsourcing market. 78% of the 2013 Southeast Asia RPO market was held by RoSEA.
The Southeast Asia RPO market is divided on the basis of end-use industries, engagement type, and geographical regions. The largest market share of 81% was held by on-demand RPO in 2013, due to its higher cost-efficiency over end-to-end solutions. The on-demand RPO segment is currently growing at a CAGR of 19.3% from 2014 to 2020.
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