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The global online recruitment market is expected to grow in the forecast period of 2024-2032 at a CAGR of 8.20%, driven by the high rates of unemployment in countries worldwide along with the increasing penetration of the internet across the globe.
Online recruitment or internet recruiting also known as E-recruitment refers to conducting hiring and recruitment through internet and online modes. It has made the recruiting process easier by sourcing candidates online and performing interviews. Online recruitment has reduced the paperwork that was done earlier to find and hire candidates. It offers business firms a cheaper and more efficient way to fill vacant positions.
Based on the type, the online recruitment market can be segmented into permanent online recruitment and part time online recruitment. On the basis of application, the market is categorised into secretarial/clinical, accounting/financial, computing, technical/engineering, professional/managerial, nursing/medical care, hotel/catering, and sales/marketing, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global online recruitment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
The permanent online recruitment segment is expected to boost the online recruitment market growth during the forecast period on account of the rising corporate sector and increasing demand for stability among employees and employers. The increasing implementation of innovative recruitment solutions that are intuitive and efficient are helping job seekers find permanent and suitable jobs.
Due to the potential benefits of permanent jobs like paid time off, retirement saving plans, and health insurance, with better income as well as employment security, among others, the demand for permanent online recruitment is likely to increase among employees. Meanwhile, the part-time online recruitment segment is expected to witness growth in the market of online recruitment due to increasing demand for contractual staff in different sectors.
Geographically, the North American region is expected to augment the online recruitment market share on account of the increasing implementation of innovative recruitment solutions in large as well as small and medium enterprises. Various market players focusing to enhance the recruitment processes for employees as well as employers are likely to fuel the market growth of online recruitment in the region. This is due to the introduction of mobile recruiting platforms along with the increasing adoption of social media recruiting.
With the growing adoption of advanced technologies like data mining, and AI, among others, employers are gaining more assistance as well as have improved recruitment efficiency in the region. This is further expected to boost the market growth of online recruitment in North America.
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LinkedIn Corporation is the largest professional network across the globe. Established in 2002, the company aims to link professionals across the world to make them more successful as well as productive. It aims to transform the way firms market, hire, learn, and sell. It sells advertising and provides free login as well as paid premium memberships that include additional tools.
Info Edge (India) Limited is a leading company that provides internet-related services. Its deals in matrimony, recruitment, education, and real estate, among other related services. The company provides its services through different service portals offering data for job searchers, with different jobs as well as value-added services like visual resume writing, text resume writing, and real estate properties with developers and agents.
Recruit Holdings Co., Ltd. is a leading company that offers marketing media, temporary staffing services, and human resource technology. It offers cutting-edge technological solutions for recruitment and hiring to aid employers and job seekers. The company offers online advertising platforms as well as sales promotions for several industries like travel, dining, beauty, and housing.
Other market players include TalentLyft, HackerRank, Pymetrics, Inc., and ABC Consultants, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is assessed to grow at a CAGR of 8.20% between 2024 and 2032.
The major market drivers include high rates of unemployment in countries around the world, increasing penetration of the internet, and openness of workers to switch jobs.
The key online recruitment market trends include the growing demand for innovative recruitment strategies across the globe, increasing technological advancements, and rising adoption of smartphones.
The various types of online recruitment include permanent online recruitment and part time online recruitment.
The different applications of online recruitment include secretarial/clinical, accounting/financial, computing, technical/engineering, professional/managerial, nursing/medical care, hotel/catering, and sales/marketing, among others.
The major players in the market are TalentLyft, LinkedIn Corporation, Info Edge (India) Limited, Recruit Holdings Co., Ltd., HackerRank, Pymetrics, Inc., and ABC Consultants, among others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The challenges in online recruitment are logistical problems, high volumes of respondents, and verifying authenticity of candidates as well as companies.
Candidates can apply to a wider range of jobs through online mode, while companies can choose from a larger pool of potential candidates.
Online recruitment helps in saving money and time by enabling candidates to apply for jobs through the internet, without having to personally visit or send documents to companies.
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