Online Recruitment Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2028, Fortune Business Insights

Posted on May 17 2021 11:49 AM

""Online Recruitment Market Size, Share & COVID-19 Impact Analysis, By Type (Permanent Online Recruitment, Part Time Online Recruitment), By Application (Secretarial/ Clerical, Accounting/ Financial, Computing, Technical/ Engineering, Professional/ Managerial, Nursing/ Medical/ Care, Hotel/ Catering, Sales/ Marketing, Other Industrial/ Blue Collar) and Regional Forecast, 2020 – 2027 " "

According to the report, The online recruitment Forecast size is expected to showcase considerable growth by reaching USD 43.39 billion by 2027. This is attributable to the growing adoption of social media platforms and the increasing adoption of advanced technologies that will propel the demand for online recruitment globally. Fortune Business Insights, in its latest report, titled, “Online Recruitment Market Size, Share & COVID-19 Impact Analysis, By Type (Permanent Online Recruitment, Part Time Online Recruitment), By Application (Secretarial/ Clerical, Accounting/ Financial, Computing, Technical/ Engineering, Professional/ Managerial, Nursing/ Medical/ Care, Hotel/ Catering, Sales/ Marketing, Other Industrial/ Blue Collar) and Regional Forecast, 2020 – 2027.”, observes that the market stood at USD 28.68 billion in 2019 and is likely to exhibit a CAGR of 7.1% between 2020 and 2027.

Online recruitment or e-recruitment is a type of practice that involves technology to fulfill the recruiting process of a company by securing employment applications through online method. The implementation of this solution enables the recruitment agencies to easily streamline different processes such as candidate verification, interview scheduling, and employee screening, among others.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

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Industry Development:

  • August 2020 - Tribepad Ltd., a recruitment software provider, announced its collaboration with WeLove9am, a marketing and advertising firm. The collaboration is aimed at supporting Signature Senior Lifestyle Care Homes to facilitate a smooth online recruitment process in its care homes.

List of Key Companies Profiled in Online Recruitment Market:

  • LinkedIn (California, United States)
  • Naukri.com (Noida, India)
  • TalentLyft (Croatia, Europe)
  • Zoho Corporation Pvt. Ltd. (Chennai, India)
  • Indeed (Texas, United States)
  • HackerRank (California, United States)
  • Self Management Group (Canada, United States)
  • Pymetrics (New York, United States)
  • iCIMS (New Jersey, United States)
  • Ultimate Software (UltiPro) (Florida, United States)
  • Monster Worldwide, Inc. (Monster.com) (Massachusetts, United States)
  • Jobvite, Inc. (California, United States)
  • Ideal (Ontario, United States)
  • Textio (Washington, United States)
  • SAP SE (Walldorf, Germany)
  • Recruiterbox Inc (Seattle, United States)
  • Recruitee.com (Amsterdam, Europe)
  • BambooHR LLC (United States, North America)
  • CEIPAL Corp. (Rochester, United States)
  • iSmartRecruit (New Jersey, United States)

DRIVING FACTORS

Growing Social Media Influence to Favor Growth

The rapid emergence of social networking has led to a paradigm shift in the way people convey and share knowledge. With more active users and another joining every day, social media platforms have become strategically important for recruitment companies to hire talent through this type of recruitment. The companies are building effective strategies to leverage the opportunities provided by social media platforms and recruit prospective applicants. The changing business dynamics and the emergence of social media are expected to bode well for the growth of the global market in the forthcoming years.

SEGMENTATION

Hotel/Catering Segment Held 20.5% Market Share in 2019

The hotel/catering segment, based on application, held a market share of about 20.5% and is likely to gain momentum owing to the high turnover rate of candidates seeking jobs in hospitality sectors across the globe.

REGIONAL INSIGHTS

Adoption of Advanced Technologies in North America to Spur Demand

Among all the regions, North America is expected to remain dominant and hold the highest position in the global online recruitment market in the forthcoming years. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence (AI) by the recruitment companies for this type of recruitment process in the region.

The market in Europe is expected to showcase exponential growth backed by the high rate of hiring by the engineering and IT firms in the region between 2020 and 2027.

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COMPETITIVE LANDSCAPE

LinkedIn and SAP SE Focus on Collaborations to Strengthen Their Market Positions

The global online recruitment market is fragmented by the presence of key players such as LinkedIn and Naukri.com that are striving to consolidate their positions by collaborating amongst each other and further expanding the online recruitment services. The other key players are adopting strategies such as partnership, merger and acquisition, and the introduction of new products to gain a major chunk of the market share during the forecast period.

Market Segmentation:

1. By Type

 

  • Permanent Online Recruitment
  • Part-Time Online Recruitment

2. By Application

 

  • Secretarial/Clerical
  • Accounting/Financial
  • Computing
  • Technical/Engineering
  • Professional/Managerial
  • Nursing/Medical/Care
  • Hotel/Catering
  • Sales/Marketing
  • Other Industrial/Blue Collar

3. By Geography

 

  • North America
    • The U.S.
      • By Application
    • Canada
      • By Application
    • By Type
    • By Application
    • By Country
  • Europe
    • The U.K.
      • By Application
    • Germany
      • By Application
    • France
      • By Application
    • Rest of Europe
    • By Type
    • By Application
    • By Country
  • Asia Pacific
    • China
      • By Application
    • Japan
      • By Application
    • India
      • By Application
    • Southeast Asia
      • By Application
    • Rest of Asia Pacific
    • By Type
    • By Application
    • By Country
  • Middle East & Africa
    • GCC
      • By Application
    • South Africa
      • By Application
    • Rest of Middle East & Africa
    • By Type
    • By Application
    • By Country
  • Latin America
    • Mexico
      • By Application
    • Brazil
      • By Application
    • By Type
    • By Application
    • By Country

Rest of Latin America

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Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
  • Global Online Recruitment Key Players Market Share Insights and Analysis, 2019
  • Companies Profiled (Covered for key 10 players only)
    • Overview
      • Key Management
      • Headquarters etc
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Past and Current Revenue
      • Geographical Share
      • Business Segment Share
    • Recent Developments
  • Annexure/Appendix
    • Global Online Recruitment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
      • By Type (Value)
        • Permanent Online Recruitment
        • Part Time Online Recruitment
      • By Application (Value)
        • Secretarial/Clerical
        • Accounting/Financial
        • Computing
        • Technical/Engineering
        • Professional/Managerial
        • Nursing/Medical/Care
        • Hotel/Catering
        • Sales/Marketing
        • Other Industrial/Blue Collar 
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America

Continued….!!

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/press-release/global-online-recruitment-market-10275 

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