--- title: RPO Experts Remain Positive About Global RPO Market's Future description: Get an exclusive look at the current state of the global RPO market, and learn why leading global RPO experts are optimistic about this vital industry. image: https://blog.rpoassociation.org/hubfs/businessman-working-with-digital-finance-business-graph-of-perceptive-technology.jpg_s=1024x1024%26w=is%26k=20%26c=QrYlggcmyWvrQjoNJKXGp5TanfxZIpt5kctq2inKmng=-min.jpg --- [![rpoa-logo-color](https://blog.rpoassociation.org/hs-fs/hubfs/rpoa-logo-color.png?width=494&height=46&name=rpoa-logo-color.png "rpoa-logo-color")](http://www.rpoassociation.org) [![RPO ACADEMY](https://no-cache.hubspot.com/cta/default/157743/712c5082-6a2a-4f5f-9203-f0c22a63ceaa.png)](https://cta-redirect.hubspot.com/cta/redirect/157743/712c5082-6a2a-4f5f-9203-f0c22a63ceaa) [![FIRM DIRECTORY](https://no-cache.hubspot.com/cta/default/157743/2a3957f4-056b-45b4-a64c-52523425d820.png)](https://cta-redirect.hubspot.com/cta/redirect/157743/2a3957f4-056b-45b4-a64c-52523425d820) The RPO Market Report News and updates from the RPO marketplace. # RPO Experts Remain Positive About Global RPO Market's Future by [Tim Plamondon](https://blog.rpoassociation.org/rpo-market-report/author/tim-plamondon) . Fri, Aug 04, 2023 . ** Share [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future) [**](https://twitter.com/intent/tweet?url=https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future&text=) [**](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future&title=&summary=&source=) ![businessman-working-with-digital-finance-business-graph-of-perceptive-technology.jpg_s=1024x1024&w=is&k=20&c=QrYlggcmyWvrQjoNJKXGp5TanfxZIpt5kctq2inKmng=-min](https://blog.rpoassociation.org/hs-fs/hubfs/businessman-working-with-digital-finance-business-graph-of-perceptive-technology.jpg_s=1024x1024%26w=is%26k=20%26c=QrYlggcmyWvrQjoNJKXGp5TanfxZIpt5kctq2inKmng=-min.jpg?width=800&height=533&name=businessman-working-with-digital-finance-business-graph-of-perceptive-technology.jpg_s=1024x1024%26w=is%26k=20%26c=QrYlggcmyWvrQjoNJKXGp5TanfxZIpt5kctq2inKmng=-min.jpg) Global RPO experts share their optimism about the future of the global RPO market despite its estimated muted growth for 2023. During our [2023 Global RPO Expert panel](https://resources.rpoassociation.org/2023-state-of-global-rpo-with-rpoa-and-everest-group) discussion, Lokesh Goyal and Sailesh Hota, Practice Directors with Everest Group and leading RPO experts, discussed Everest Group's recent research findings on the global recruitment process outsourcing (RPO) market. They expressed optimism for the market's future. The discussion explored the current state of the global RPO market, described challenges businesses face that impact their hiring of talent and purchasing of outsourced recruiting solutions, highlighted the emerging trends in the outsourced recruitment market, and shared what business and RPO leaders need to focus on for successful talent acquisition and management in preparation for the future recovery of this robust industry.    Over the next four weeks, we will publish a summary for each discussion segment. This first summary will focus on the current state of the global RPO market and why these experts are optimistic about the future of the global RPO market.   ## Optimistic For Mid-to-Long-Term Gains The mid-to-long-term outlook for the global RPO market is positive. For their PEAK Matrix® 2023 research, the Everest Group analyzed 45 RPO providers across broader RPO engagements. Their data shows that the Global RPO market will only grow by 3 percent this year and projects the North American RPO market to stay flat or decline by 2.5 percent in 2023. However, they anticipate a Compounded Annual Growth Rate (CAGR) of 13 to 15 percent by 2027. Goyal noted that slow decision-making has impacted the Eurozone. The North American market has experienced stagnation or a slight decline because of inflation and slow decision-making. Towards the end of 2024, the North American market is expected to recover. The highest demand for RPO comes from manufacturing, technology, and telecom, with new significant interest from the pharmaceutical and life sciences industries. Strategic priorities for the market, he said, consist of employer branding, investments in new-gen technologies like AI and ML, and consulting and advisory services. The larger RPOs also have a potential advantage in data analytics. ### Lokesh Goyal describes a positive outlook and increased demand for strategic talent acquisition services, with North America leading the way. ## Building RPO Partnerships During the Lull From their collective experiences, RPO experts Joe Marino and Kim Davis strongly believe that RPO will remain relatively healthy even if the economy moves from a lull to a recession.  Davis, a serial entrepreneur who started his RPO business during the 2008 recession, said in a recent interview with the RPOA that if there is an economic recession in 2023, it will be mild because of the enormous demand and the talent shortage. He did point out that some RPO providers will feel the pain while others will not.  > [Recommended Reading: Kim Davis Gives Valuable Advice for RPO Leaders to Survive a Recession ](https://blog.rpoassociation.org/blog/how-rpo-leaders-can-survive-a-recession) As Chief Operating Officer at Hueman People Solutions, Marino’s experience and insights support the claim that RPO will remain healthy in a down economy. During the panel discussion, he said RPO providers are getting exposure and forming new partnerships. He noted that these partnerships might take longer to formalize and start small, but consistent activities remain. He highlighted opportunities for organizations to downsize their HR teams, where RPO businesses could flex up without having a headcount tied to the organization. Marino shared that Hueman’s RPO business grew by over 50 percent from 2021 to 2022 but expects only single-digit growth from 2022 to 2023. He pointed out that his company has large partnerships and many recruiters deployed for partner organizations, allowing them to withstand decreases in job openings. He has noticed a recent uptick in business and said that Everest Group's current data makes sense in terms of a temporary lull before an expected improvement.  ### Joe Marino describes his experience in the current global RPO market. In conclusion, the Everest Group's research findings show delayed decision-making and inflation slowing growth in 2023. However, it also indicates the mid-to-long-term outlook for the global and North American RPO markets remains positive. Kim Davis and Joe Marino agree that there is still an enormous need for RPO services, regardless of the current state of the economy. Marino's experience indicates that partnerships are forming despite clients' delayed decision-making. Some partnerships may take longer to develop and will likely start on a smaller scale. Additionally, the downsizing of HR teams in 2023 creates an opportunity for RPO businesses to flex up without having a headcount tied to their organization. We encourage you to watch the [2023 State of Global RPO Market webinar](https://resources.rpoassociation.org/2023-state-of-global-rpo-with-rpoa-and-everest-group) to understand the global RPO market and its opportunities. With this up-to-date knowledge, you can prepare your organization to navigate these times of change and set up your recruiting for future success.  [Global RPO](https://blog.rpoassociation.org/rpo-market-report/topic/global-rpo) ** Share [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future) [**](https://twitter.com/intent/tweet?url=https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future&text=) [**](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future&title=&summary=&source=) [![Blog Side Banner](https://no-cache.hubspot.com/cta/default/157743/interactive-185799248130.png) ](https://blog.rpoassociation.org/hs/cta/wi/redirect?encryptedPayload=AVxigLIJOT9Blmu0sEE1zKuVi8%2FXSZnldaC3cZrodrNigdtRrZ%2FYbb1ZhvONBcZMPvc1cc6qlSGeCUpgA7oP13PT5j1dLiX7hmL6z3adh4Tw%2Bjcd7Ry7e5%2Bmf3duxCXimkhf0j1Ypbri3ED%2FKV%2BbM9dFZHY0sjFPRd0SSAj%2Fdb3zX6cyyqwbbaswJ5rFcHQ3C5hkbqVFg4rzLrlUh1e0GYIkK4h6rck5VN%2FKsASlUuRGbJ0WvoLjnxVdahFK9JjMBF0Y6aoQRc2OC2QDAFJ0tRlhrukxPymf2h1OhQOVObexoe50hwdNfmEOrgtk8NmeReQSOXYbQQ%3D%3D&webInteractiveContentId=185799248130&portalId=157743) [![Become an RPOA Partner](https://no-cache.hubspot.com/cta/default/157743/03844a31-b1c5-40a8-b210-35b85654d6d4.png)](https://cta-redirect.hubspot.com/cta/redirect/157743/03844a31-b1c5-40a8-b210-35b85654d6d4) ### Featured Posts [ClearEdge Unveils New Brand Identity](https://blog.rpoassociation.org/rpo-market-report/clearedge-unveils-new-brand-identity) [Orion Talent Hires RPO and Talent Acquisition Industry Veteran Sarah Peiker as CEO](https://blog.rpoassociation.org/rpo-market-report/orion-talent-hires-rpo-and-talent-acquisition-industry-veteran-sarah-peiker-as-ceo) [Orion Talent Appoints Three New Members to Board of Directors](https://blog.rpoassociation.org/rpo-market-report/orion-talent-appoints-three-new-members-to-board-of-directors) [Orion Novotus Has Acquired RPO Provider Accolo](https://blog.rpoassociation.org/rpo-market-report/rpo-provider-accolo-acquired-by-orion-novotus) [Aleron Enhances Service Offerings with TalentRISE Acquisition](https://blog.rpoassociation.org/rpo-market-report/aleron-enhances-service-offerings-with-talentrise-acquisition) ### Subscribe to the RPO Market Report #### Related articles [![The Rise of Global RPO](https://blog.rpoassociation.org/hubfs/images/RPOAImg252.jpg)](https://blog.rpoassociation.org/rpo-market-report/the-rise-of-global-rpo-1) [Global RPO](https://blog.rpoassociation.org/rpo-market-report/topic/global-rpo) ### [The Rise of Global RPO](https://blog.rpoassociation.org/rpo-market-report/the-rise-of-global-rpo-1) [Read more **](https://blog.rpoassociation.org/rpo-market-report/the-rise-of-global-rpo-1) [![Everest Group 2021 Assessment of Global RPO](https://blog.rpoassociation.org/hubfs/images/EG%20RPO%20Market%20Growth.png)](https://blog.rpoassociation.org/rpo-market-report/everest-group-2021-assessment-of-global-rpo) [Global RPO](https://blog.rpoassociation.org/rpo-market-report/topic/global-rpo) ### [Everest Group 2021 Assessment of Global RPO](https://blog.rpoassociation.org/rpo-market-report/everest-group-2021-assessment-of-global-rpo) [Read more **](https://blog.rpoassociation.org/rpo-market-report/everest-group-2021-assessment-of-global-rpo) [![Geometric RPO: A New Global RPO Partnership Rooted in Brand and Candidate Experience](https://blog.rpoassociation.org/hubfs/images/geometric%20announcement.jpg)](https://blog.rpoassociation.org/rpo-market-report/geometric-rpo-a-new-global-rpo-partnership-rooted-in-brand-and-candidate-experience) [RPO Market Report](https://blog.rpoassociation.org/rpo-market-report/topic/rpo-market-report) ### [Geometric RPO: A New Global RPO Partnership Rooted in Brand and Candidate Experience](https://blog.rpoassociation.org/rpo-market-report/geometric-rpo-a-new-global-rpo-partnership-rooted-in-brand-and-candidate-experience) [Read more **](https://blog.rpoassociation.org/rpo-market-report/geometric-rpo-a-new-global-rpo-partnership-rooted-in-brand-and-candidate-experience) ### Subscribe to RPOA Monthly Newsletter ![](https://blog.rpoassociation.org/hubfs/RPOA_2020/Blog/upcoming-events.png) Receive announcements of upcoming events ![](https://blog.rpoassociation.org/hubfs/RPOA_2020/Blog/latest-content.png) Keep informed of the latest content ![](https://blog.rpoassociation.org/hubfs/RPOA_2020/Blog/review-news.png) Review industry insights and association news ### Sign Up ## RPO Academy Search and access free RPO ebooks, webinars, research reports and more [![Browse Content](https://no-cache.hubspot.com/cta/default/157743/07e4d245-1890-481a-b820-b86f296ed6e9.png)](https://cta-redirect.hubspot.com/cta/redirect/157743/07e4d245-1890-481a-b820-b86f296ed6e9) ![Blog Template Academy Image](https://blog.rpoassociation.org/hubfs/RPOA_2020/Blog/Blog%20Template%20Academy%20Image.png) ## RPO Leadership Forum Browse and access RPO webinars by top industry leaders on-demand [![Browse Webinars](https://no-cache.hubspot.com/cta/default/157743/be362e5b-4b2b-4f4b-834b-a14198056125.png)](https://cta-redirect.hubspot.com/cta/redirect/157743/be362e5b-4b2b-4f4b-834b-a14198056125) ## iCoCo Marketplace Find and connect with technology and service providers that are part of the iCoCo partner community. [![Find Providers](https://no-cache.hubspot.com/cta/default/157743/fadd3150-e609-4fe2-9b9b-8a9daa03b224.png)](https://cta-redirect.hubspot.com/cta/redirect/157743/fadd3150-e609-4fe2-9b9b-8a9daa03b224) [![rpoa-Logo-white](https://blog.rpoassociation.org/hs-fs/hubfs/rpoa-Logo-white.png?width=489&height=37&name=rpoa-Logo-white.png "rpoa-Logo-white")](http://www.rpoassociation.org) Recruitment Process Outsourcing Association Richmond, Virginia 23114 [info@rpoassociation.org](mailto:info@rpoassociation.org) Stay Connected [**](https://www.facebook.com/rpoassociation) [**](https://twitter.com/rpoassociation) [**](https://www.linkedin.com/company/recruitment-process-outsourcing-association-rpoa-) [**](https://www.youtube.com/channel/UC8jKps3jVNAnCl66rep2fJw) Learn - [Recruitment process outsourcing](https://resources.rpoassociation.org/learn?type=all-types&topic=rpo) - [Recruiting best practices](https://resources.rpoassociation.org/learn?topic=recruitingbestpractices)  - [Recruiting trends](https://resources.rpoassociation.org/learn?topic=recruitingtrends) - [Talent acquisition strategy](https://resources.rpoassociation.org/learn?type=all-types&topic=talentacquisitionstrategy) Research - [RPO provider firms](https://resources.rpoassociation.org/rpo-discovery-center) - [RPO Academy](https://resources.rpoassociation.org/learn) Read - [RPO Market Report ](https://blog.rpoassociation.org/rpo-market-report) - [The RPO Voice](https://blog.rpoassociation.org/blog) - [RPOA Press Room](https://blog.rpoassociation.org/press-room) About Us We are a professional membership association committed to serving and elevating the recruitment process outsourcing industry. Learn more about who we are and what we do. [Terms of Use](https://www.rpoassociation.org/Terms-of-Use) | [Privacy Policy](https://www.rpoassociation.org/Privacy-Police) (c) 2026 Recruitment Process Outsourcing Association  [**](https://www.rpoassociation.org/Sys/Login) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Tim Plamondon", "url" : "https://blog.rpoassociation.org/rpo-market-report/author/tim-plamondon" }, "dateModified" : "2023-11-09T13:26:28.102Z", "datePublished" : "2023-08-04T19:35:00.000Z", "headline" : "RPO Experts Remain Positive About Global RPO Market's Future", "image" : [ "https://blog.rpoassociation.org/hubfs/businessman-working-with-digital-finance-business-graph-of-perceptive-technology.jpg_s=1024x1024&w=is&k=20&c=QrYlggcmyWvrQjoNJKXGp5TanfxZIpt5kctq2inKmng=-min.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.rpoassociation.org/rpo-market-report/rpo-experts-remain-positive-about-global-rpo-markets-future", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.rpoassociation.org/hs-fs/rpoa-logo-white-bcgd.png" }, "name" : "RPOA" } } ``` ```json { "@context" : "https://schema.org", "@type" : "VideoObject", "contentUrl" : "https://157743.fs1.hubspotusercontent-na1.net/hubfs/157743/Clip%20of%20Lokesh%20Goyal%20comments%20on%20outlook%20of%20Global%20RPO.mp4", "dateModified" : "2023-11-09T13:19:19.707Z", "description" : "Lokesh Goyal describes a positive outlook and increased demand for strategic talent acquisition services, with North America leading the way.", "duration" : "PT3M8.565S", "height" : 1080, "name" : "Muted Global RPO growth but a positive long-term outlook", "thumbnailUrl" : "https://api-na1.hubapi.com/filemanager/api/v3/files/thumbnail-redirect/144532112214?portalId=157743&size=medium", "uploadDate" : "2023-11-08T14:32:15.938Z", "width" : 1920 } ``` ```json { "@context" : "https://schema.org", "@type" : "VideoObject", "contentUrl" : "https://157743.fs1.hubspotusercontent-na1.net/hubfs/157743/RPO%20Expert%20describes%20his%20current%20experience%20in%20the%20Global%20RPO%20Market.mp4", "dateModified" : "2023-11-09T13:25:56.087Z", "description" : "Joe Marino of Hueman People Solutions describes his experience in today's global RPO Market. ", "duration" : "PT1M37.247S", "height" : 1080, "name" : "RPO Expert Talks Global RPO Market", "thumbnailUrl" : "https://api-na1.hubapi.com/filemanager/api/v3/files/thumbnail-redirect/144547127815?portalId=157743&size=medium", "uploadDate" : "2023-11-08T15:05:00.160Z", "width" : 1920 } ```