Global Online Recruitment Market Report and Forecast 2024-2032

Global Online Recruitment Market Outlook

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.

Key Trends in the Market

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.

• The increasing availability of high-speed internet connection and internet-enabled devices such as tablets, laptops, and smartphones is a key trend driving the online recruitment market across the globe. Candidates can apply for a larger number of jobs with ease and companies also gain access to a broader range of candidates.

• With the growing shift from the traditional recruitment method to more cost-effective, and efficient online modes by several government organisations and corporations, the market demand for online recruitment is likely to fuel over the coming years.

• The advent of advanced technologies like artificial intelligence and data science is likely to support the market growth of online recruitment during the forecast period as these technologies can be used to screen large volumes of candidates automatically.

Market Analysis

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. 

• TalentLyft

• LinkedIn Corporation

• Info Edge (India) Limited

• Recruit Holdings Co., Ltd.

• HackerRank

• Pymetrics, Inc.

• ABC Consultants

• Others

Market Share by Type

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.

Market Share by Region

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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Competitive Landscape

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.

Key Highlights of the Report