Powering Workforce Growth: Global Recruitment Market Worth USD 30.2 Billion in 2022, Expected to Grow at a CAGR of 9.2% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Recruitment market size accounted for USD 30.2 Billion in 2022, growing at a CAGR of 9.2% from 2023 to 2033. The recruitment market refers to the global market for services and solutions related to the process of sourcing, attracting, evaluating, and hiring individuals for employment. It encompasses various activities and stakeholders involved in matching job seekers with job opportunities, including recruitment agencies, job boards, HR technology providers, and in-house HR departments of organizations. The recruitment market is driven by factors such as the increasing demand for talent in various industries, evolving recruitment practices and technologies, and the need for organizations to attract and retain skilled and qualified employees. The market includes a wide range of services and solutions, including job advertising, candidate sourcing, resume screening, applicant tracking systems (ATS), video interviews, assessment tools, and recruitment process outsourcing (RPO) services.
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Key Highlights:
• The global Recruitment Market size was valued at USD 30.2 billion in 2022 growing at a CAGR of 9.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Recruitment Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Recruitment market report also includes the following data points:
• COVID19 Impact on Recruitment market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Recruitment market
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Key Players
Some of the major Recruitment players holding high market share include LinkedIn (California, United States), Naukri.com (Noida, India), TalentLyft (Croatia, Europe) and Zoho Corporation Pvt. Ltd. (Chennai, India).These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• 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)
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Recruitment Market:
o Permanent Online Recruitment
o Part-Time Online Recruitment
Market Segment By Application with focus on market share, consumption trend, and growth rate of Recruitment Market:
o Secretarial/Clerical
o Accounting/Financial
o Computing
o Technical/Engineering
o Professional/Managerial
o Nursing/Medical/Care
o Hotel/Catering
o Sales/Marketing
o Other Industrial/Blue Collar
o Others

Parameters Details
Market Size (2022) $ 30.2 Billion
CAGR (2023 to 2033) 9.2%
Market Segmentation Type, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Recruitment Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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