Press release
Online Recruitment Market is projected to reach USD 41.83 Billion by 2029 : Cognitive Market Research
Online Recruitment Market is projected to reach USD 41.83 Billion by 2029 : Cognitive Market Research
Online recruitment is also known as E-recruitment, it uses web-based technology for the various processes of attracting, assessing, selecting, recruiting, and onboarding job candidates. Online recruitment is a way to provide businesses with an efficient and cheaper way to fill positions.
Market Dynamics:
• An increasing number of job openings has created a massive demand for modern recruiting software, to streamline hiring processes which, include resume management, employee evaluation, assessment tools, and others. According to the Bureau of Labor Statistics 2022, the U.S. economy is projected to add 8.3 million jobs from 2021 to 2031 and it is projected to o increase from 158.1 million to 166.5 million and grow 0.5 percent annually. The growing expansion of cloud-based technologies, availability of high-bandwidth internet infrastructure, and rising use of mobile-based recruitment are some of the major driving factors for the growth of the online recruitment market. Increasing focus on automation will create lucrative opportunities for the online recruitment market and the increasing incidents of online fraud can hinder the growth of the market.
Read Full Report with Table of Contents :
@-https://www.cognitivemarketresearch.com/online-recruitment-market-report
Regional Analysis of the Global Online Recruitment Market:
• North America is anticipated to be boosted by the adoption of advanced technologies, the rising use of social media platforms, and other factors. Further, the Asia Pacific region is estimated to grow with significant CAGR in the forecast period and it held the second largest market share in 2021, due to the adoption of AI technologies and growing industrialization in countries like China, India, Japan, and others.
Top players involved in the Global Online Recruitment market:
• TalentLyft
• LinkedIn Corporation
• Info Edge (India) Limited
• Recruit Holdings Co., Ltd.
• HackerRank
• Pymetrics, Inc.
• ABC Consultants
• Self-Management Group
• Pymetrics
• Zoho Corporation
• Others
Current Trends of Manufacturers:
• The adoption of advanced technologies such as big data, cloud computing, AI, and others is positively impacting the online recruitment market. A major trend driving the global online recruiting industry is the expansion of high-speed internet access and internet-capable devices like tablets, laptops, and smartphones. Individuals can easily apply for more positions, and companies have access to a wider choice of candidates.
Segment Analysis:
• Based on the type of online recruitment, the market is bifurcated into permanent and part-time online recruitment. Permanent online recruitment held the largest market share in 2021, this is due to the increasing number of job seekers, who are searching for permanent job roles.
• Based on application, the market is segmented into, Marketing, Finance, Sales, IT, and Others. The IT industry held the largest market share during 2021, owing to the global pandemic and increasing job vacancies in the IT sector.
Related Report:
• Recruitment Software Market - https://www.cognitivemarketresearch.com/recruitment-software-market-report
• HR Software Market - https://www.cognitivemarketresearch.com/hr-software-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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