Saudi Arabia Manpower Outsourcing¬ Market to Boom in Near Future by 2027: Business Opportunities, I

Saudi Arabia Manpower Outsourcing Market to 2027

No of Pages: 91 Published: Apr 2019 Single User PDF: US$ 3000

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Saudi Arabia Manpower Outsourcing Market to 2027

Introduction

Saudi Arabia Manpower Outsourcing market is expected to grow US$ 5.67 billion by 2027 from US$ 2.35 billion in 2018. The sales and marketing manpower outsourcing are expected to attain the highest growth trajectory in the manpower outsourcing market, by growing at the estimated CAGR of 10.9%. However, Technical staff would continue its dominance throughout the forecast period. Several international companies have lately established their business offices in Saudi Arabia, this has further resulted in increased demand for sales & marketing professionals in order to grow their business. These companies are also outsourcing their recruitment process to manpower outsourcing agencies based in Saudi Arabia. Some of the prominent sectors generating demand in manpower outsourcing market include sales & marketing jobs include; manufacturing sector, retail sector, food & beverage, hospitality among others.

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Saudi Arabia Manpower Outsourcing Market to 2027

The government in Saudi Arabia has been taking various initiatives with the aim to advance the country’s economy through industrialization. These initiatives are expected to predominantly influence the manpower outsourcing market in the coming year. For instance; the Saudi Government unveiled an infrastructure, education and amenities project in Riyadh worth US$ 22 Bn in 2019. These projects include 16 educational centers and seven medical & healthcare cities. This initiative is anticipated to create job opportunities from various expertise for both local Saudis as well as foreign nationals, which is further foreseen to drive the businesses of the manpower outsourcing companies in Saudi Arabia and internationally.

Saudi Arabia Manpower Outsourcing market by industry vertical is segmented into manufacturing, retail, ITES & telecom, food & beverage, hospitality, and BFSI. The other segment constitutes educational institutes, medical & healthcare, and entertainment industries. Rising industrialization has led the country to witness increased manpower in every sector in the past years. The requirement of manpower in the above mentioned industries is constantly increasing over the years, as the Saudi government has undertaken several initiatives to promote Saudi nationals in both public and private sector jobs.

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Saudi Arabia Manpower Outsourcing Market to 2027

Companies Mentioned

1. AJEETS MANAGEMENT & HR CONSULTANCY 2. ADAM RECRUITMENT 3. LITTELFUSE INC. 4. PROVEN SA 5. TALENTS HUNTERS 6. TASC OUTSOURCING 7. ADVANCED ELECTRONICS COMPANY 8. MASSADR 9. HRM OUTSOURCING

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Saudi Arabia Manpower Outsourcing Market to 2027

The overall Manpower Outsourcing market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Manpower Outsourcing market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Saudi Arabian manpower outsourcing industry.

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