+91-8668442535

Online Recruitment Market By Job Type (Part-Time, Permanent) By Deployment Application (Finance, Marketing, Sales, Engineering, IT, Hotel & Catering, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The study on the global online recruiting market examines the industry's critical analysis using important factors. The report includes investment ideas, information on the need for investments in the online recruitment sector, and details on the many advantages for investors. This report outlines significant modifications to international technological standards governing the internet recruitment market as well as how obstacles of both a financial and nonfinancial kind are promoting its expansion. Additionally, the report examines historical and projected online recruitment market size at the global, regional, and national levels. The report also offers a thorough analysis of the most important investment propositions, the demand and supply gap, the positioning of the competition, and the STAR, SRC, and Tornado analyses. Important technology advancements and other evaluations, like Porter's Five Forces, PESTEL, and Value Chain Analysis.

REPORT ATTRIBUTE DETAILS

Online Recruitment Market by Volume

Yes

Online Recruitment Market by Value

Yes

Online Recruitment Market, Tornado Analysis

Yes

Online Recruitment Market, STAR Analysis

Yes

Online Recruitment Market, SRC Analysis

Yes

Online Recruitment Market, Import-Export Data

Yes (On Demand)

Online Recruitment Market Pricing Analysis

Yes (On Demand)

Online Recruitment Market Segment Analysis

·         By Job Type (Part-Time and Permanent)

·         By Deployment Application (Finance, Marketing, Sales, Engineering, IT, Hotel & Catering, and Others)

 

Online Recruitment Market, Regional Analysis

·         North America (US and Canada)

·         Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

·         Latin America (Brazil, Mexico, and Rest of Latin America)

·         Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Online Recruitment Market Key Companies

LinkedIn, Self-Management Group, Pymetrics, HackerRank, Ultimate Software (UltiPro), iCIMS, Monster Worldwide, Jobvite, Ideal, SAP SE, Textio, Recruiterbox, Naukri.com, Zoho Corporation, and TalentLyft.

Online Recruitment Market Competitive Landscape

·         Market Share Analysis

·         Competitive Benchmarking

·         Key Players Market Positioning

·         Geographical Presence Analysis

·         Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the online recruitment market?

  • In 2021, the permanent segment held the largest share in the global online recruitment market owing to the advantages of permanent job compared to temporary jobs. A permanent job, often known as a full-time job, is an employment situation in which a person works for and is paid directly by an employer.
  • In 2021, the IT segment held the highest revenue share in the market due to the ongoing demand for competent professionals in the IT sector.

Which region dominated the online recruitment market?

In 2021, North America led the global online recruitment market throughout the forecast period owing to the increasing usage of social media platforms and other online recruiting services, which would boost the market growth in this region. Moreover, the big companies in this region are also focusing on AI technologies in order to maintain their dominance in global technological advancements.

online-recruitment-market

What is the competitive environment of the online recruitment market?

The online recruitment industry's competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the Online Recruitment market share globally, the business organization summary, the introduction of new products, and the opportunities for the online recruitment market. In addition, the primary expansion strategies of recruiters for reaching out to candidates includes a convenient mode of communication between them.

Executive Summary

How artificial intelligence (AI) is transforming the online recruitment industry?

Artificial intelligence (AI) is a cutting-edge technological invention that is quickly reshaping our world today. AI is bringing about good improvements in almost every main industry. Talent acquisition is no exception. For example, 35% of talent acquisition executives and recruiting managers said that artificial intelligence is already influencing their company's hiring process. As this technology is perfectly suited to find you the ideal employees for your firm, AI has become nothing less than a facilitator in simplifying recruiting. Hiring managers may exercise bias management using AI-enabled recruiting automation. The vast amounts of data extracted by AI from your employment funnel can also enable you to make more informed hiring decisions. AI-powered recruiting use algorithms to find particular keywords in a CV, assisting hiring managers in intelligent candidate screening. In addition, integrating AI with your company's Application Tracking System (ATS) might assist in matching individuals with job openings based on their existing expertise. The use of AI in hiring aids in reducing workplace equality and discrimination issues.  

Which are the key investments by the online recruitment market players?

Leading players operating in the online recruitment market focus on technological advancements in the online recruitment portal. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations and creating awareness among the businesses via various advertisement campaigns and awareness programs for helping the recruiters to promote the usage of online portals in the industry, which further helps for the convenient recruitment process in global online recruitment market to gain a competitive edge. Private equity companies, venture capitalists, and strategic partners have invested in the online recruitment industry. With a long-term perspective, savvy investors may recognize the potential for online recruitment to provide large returns on their investment in this industry.

Some major players in the online recruitment market are LinkedIn, Self-Management Group, Pymetrics, HackerRank, Ultimate Software (UltiPro), iCIMS, Monster Worldwide, Jobvite, Ideal, SAP SE, Textio, Recruiterbox, Naukri.com, Zoho Corporation, and TalentLyft.

What are the major driving factors for the online recruitment market?

The global online recruitment market is being driven by rising internet penetration and the growing demand for advanced recruitment techniques. Because of features such as broad geographical reach, speed, cheaper prices, time and labor-saving strategy, automated procedure, and improved engagement with applicants, traditional recruiting techniques have given way to online recruitment jobs. This results in fueling the amazing growth of the online recruitment market over the coming years. Moreover, the digitalization of all corporate processes, including hiring, is driving the growth of the online recruitment industry. As a result of the digital revolution, firms' internal business operations and consumer interactions are altering. The acquisition of software and data technologies, such as recruiting solutions and online recruitment channels, is frequently associated with digital transformation in order to decrease or eliminate administrative duties and increase operational performance inside departments and among hiring teams.

What are the major risks for the online recruitment market?

Because of the large number of online applications made possible by the ease of internet access, hiring managers and companies have difficulty selecting the top prospects while filtering out the unqualified ones. Although spammers can use internet data to promote a service to businesses through online recruiting, many applications may be fake in order to obtain information about the organization or the hiring manager.

Which is the key application in the online recruitment market?

The permanent segment accounted for the largest share in global online recruitment market. As a result of the continually developing business sector, there are now substantially more people searching for permanent jobs. There are various advantages to having a steady job. In addition to a stable salary and job stability, permanent workers receive perks such as paid time off, health insurance, and retirement savings programs.

How is the online recruitment market performing in regions?

North America dominated the global online recruitment market during the forecast period due to increased use of social media platforms and other online recruiting services across the region. Furthermore, to preserve their supremacy in global technological breakthroughs, the major corporations in this region are focused on AI technology, which further drives the growth of the online recruitment market in North America. On the other side, Asia-Pacific held the second-largest global online recruitment market share. This growth is ascribed to the growing usage of AI-based online recruitment in the emerging economies such as China, Japan, and India.

What is the market size of online recruitment regarding value?

The global online recruitment market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. The global online recruitment industry was estimated to be worth USD 28.9 billion in 2021 and was expected to be worth USD 42.1 billion by 2028.

What are the major players planning for the future of the online recruitment market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. For instance, in July 2020, LinkedIn introduced talent assessment tools for its social networking site, allowing job searchers to evaluate their skills in software, computer languages, and other services. This provides job candidates a greater opportunity to exhibit their professional self through multiple-choice questions.

Segmentation of Global Online Recruitment Market-

Global Online Recruitment Market – By Job Type

  • Part-Time
  • Permanent

Global Online Recruitment Market – By Deployment Application

  • Finance
  • Marketing
  • Sales
  • Engineering
  • IT
  • Hotel & Catering
  • Others

Global Online Recruitment Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia

Frequently asked questions about the global online recruitment market

The COVID-19 pandemic outbreak negatively impacts the online recruitment industry. COVID-19 has an influence on hiring procedures in businesses all across the world.

North America accounted for the major global online recruitment market revenue.

The major drivers responsible for the market's growth include growing smartphone penetration, increasing demand of sophisticated recruitment techniques, and technological advancements in the hiring procedures.

The permanent segment had a major share in the global market in 2021.

The IT segment had a major share in the global market.

Online Recruitment Market Scope

Report Attribute Details
Market Value in 2021 USD 28.9 billion
Market Value in 2028 USD 42.1 billion
CAGR 6.5%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Outsourcing Services
Report ID:   60771
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support