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Online Recruitment Market: The global market is expected to grow at a CAGR of 7.2% during the forecasted period.

07-12-2023 09:18 AM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Online Recruitment Market: The global market is expected to grow

As per the study initiated by Evolve Business Intelligence, the global Online Recruitment Market size accounted for USD 32.5 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The online recruitment market refers to the digital platform and services used by organizations and job seekers to connect and facilitate the process of recruiting and hiring employees. It encompasses the various online platforms, websites, and software solutions that enable companies to advertise job vacancies, receive applications, screen candidates, and ultimately make hiring decisions.
The online recruitment market has evolved significantly with the advancement of technology and the widespread use of the internet. Traditional methods of recruitment, such as newspaper advertisements and physical job fairs, have been largely replaced or complemented by online platforms.
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Key Highlights:
• The global Online Recruitment Market size was valued at USD 4.5billion in 2022 growing at a CAGR of 7.2% 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 recently released a new market research report on the Global Online Recruitment Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Online Recruitment Market report also includes the following data points:
• COVID19 Impact on Online 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 Online Recruitment Market
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Key Players
Some of the major Online Recruitment Market players holding high market share include Linked In, Self Management Group, Pymetrics and Hacker Rank. 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:
o Linked In
o Self Management Group
o Pymetrics
o Hacker Rank
o Ultimate Software
o iCIMS
o Monster Worldwide
o SAP SE
o Naukari.com
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Online Recruitment Market:
• Part Time
• Permanent
Market Segment By Application with focus on market share, consumption trend, and growth rate of Online Recruitment Market:
• Finance
• Sales and Marketing
• Engineering
• IT
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Global Online Recruitment Market 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 provides an 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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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

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