Global Online Recruitment Market to Grow at a CAGR of 8.20% During 2024-2032, Driven by the Advancements in Technology

North America is witnessing healthy growth due to the presence of leading companies, MNCs and startups such as Meta Platforms (NASDAQ: META) in the region. The expansion of business parks such as Wilmington Trade Center and The King Hussein Business Park in the region also supports the online recruitment market expansion.

Businesses in the region are actively leveraging the benefits of online recruitment solutions to efficiently source candidates and reduce the time to hire. The wide talent pool, enhanced management of recruitment processes, and improved employer brand offered by online recruitment platforms further boost their adoption. Such solutions also support organisations to reach a wider range of professionals, making it easier to find the ideal candidate.

Furthermore, the high adoption of innovative technologies such as automation and artificial intelligence (AI) in the region is expected to maximise the efficiency of recruitment, improve hiring quality, and enhance the experience of candidates.

There is also a shift towards mobile recruitment as employers and job hunters use mobile devices to post vacancies and search for new jobs. Moreover, the rising norm of remote work is expected to provide lucrative opportunities for the market expansion.

Partnerships among organisations such as LinkedIn and TalentLyft support the market expansion. For instance, in September 2023, TalentLyft announced a partnership with Kandio to make the recruitment process easier and simpler. Through the partnership, TalentLyft’s applicant tracking system is integrated with Kandio’s assessment test to recruit the best candidates. Such collaborations are expected to support businesses build the best teams in the forecast period.

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Market Analysis by Type, Application, and Region:

• The market, on the basis of type, can be divided into permanent online recruitment and part time online recruitment.

• Based on application, the market can be divided into secretarial/clinical, accounting/financial, computing, technical/engineering, professional/managerial, nursing/medical care, hotel/catering, and sales/marketing, among others.

• The major regional markets for online recruitment include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The hiring process has changed dramatically in recent years due to the development of internet technology and the digitisation of businesses. Businesses and government organisations are becoming increasingly concerned about the big shift away from traditional recruitment techniques due to their efficiency and cost-effectiveness.

• The growth of remote working and work-from-home culture fosters the adoption of online recruitment as hiring platforms provide a platform to screen resumes and interview candidates.

• The incorporation of advanced technologies such as cloud computing and artificial intelligence drives the online recruitment market growth as recruiters can find appropriate candidates with skills for the designated position by leveraging such technologies.

• Social media recruitment has become a crucial market trend to hire employees. Businesses are also adopting such trends to improve the online recruitment drive.

Key Offerings of the Report:

• The EMR report gives an overview of the global online recruitment market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the type, applications, and major regions of online recruitment.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global online recruitment market are TalentLyft, LinkedIn Corporation, Info Edge (India) Limited, Recruit Holdings Co., Ltd., HackerRank, Pymetrics, Inc., and ABC Consultants, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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