Press release
Online Recruitment Market Comprehensive Insight by Growth Rate, Trends, Industry Status, Key Players Forecast till 2028, Fortune Business Insights
The global online recruitment market size was $28.68 billion in 2019 & is projected to reach $43.39 billion by 2027, at a CAGR of 7.1% during forecast period"
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
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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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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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