Online Recruitment Market - By Recruitment Type (Permanent Online Recruitment, Part Time Online Recruitment), By Application (Accounting/Finance, Computing, Engineering, Nursing and other Medical Care, Hotel/Catering, Sales/Marketing, Teaching, HR, Others
The Online Recruitment Market is forecasted to thrive at XX% CAGR to reach notable market value by the end of 2025. The online recruitment is the sourcing method of searching for new employees for appropriate jobs using the Internet in related organizations. This process is generally carried out by the human resource departments and with the help of other recruiting agencies that are external recruiters. The duty of the external recruiter is to post new job openings by using different job search websites, screening of candidates for various designations and select and appoint the staff in numerous organizations. These recruitments include both permanent and temporary staffing.
Growth Drivers & Restrain
The increasing number of internet users is a major factor driving the growth of the online recruitment market. Further, the online social platform such as LinkedIn, Naukri.com, Glassdoor, Monster and others are contributing major growth into the recruitment industry across the globe. Moreover, the rising use of internets such as 4G and LTE is one of the major factors for the growth of the online recruitment market. For instance, according to a report by the Internet Assigned Number Authority (IANA), the number of internet users worldwide increased to 3.38 billion in 2016 from 3.25 billion in 2015.
Additionally, growing adoption of online recruitment process across various sector such as, hospitality, sales, and marketing, BFSI sectors (Banking Financial Services & Insurance), engineering, manufacturing, and others are the key elements which are propelling the growth of online recruitment market. Further, online recruitment has a number of advantages such as time-saving, cost-effective, relevant information, and it also makes the recruitment process easier and faster for both employer and hire team during recruitment. These advantages are strongly driving the growth of the online recruitment market.
Moreover, the increasing implementation of technologies such as big data, mobile technology, and artificial intelligence in the online recruitment processes are fostering the market growth as more employers and job seekers will look to adapt to e-recruitment services according to their options. Based on applications, online recruitment is segmented into banking, sales, and marketing, hotel, healthcare, engineering, and others. The employers at these sectors are hiring employees through online recruitment processes, according to their job profile which is boosting the market growth of online recruitment. In terms of the region, the Asia Pacific region led the online recruitment market in terms of revenue. Rising expenditure by the organization on the online advertisement for job openings and an increasing number of broadband connections are the key drivers for the growth of online recruitment in the Asia Pacific region.
However, issues related to online recruitment such as high volume of response, technological issues, and other technical issues are likely to hinder the growth of the online recruitment market.
The research offers a comprehensive analysis of online recruitment market with respect to following sub-markets:
By Recruitment Type
- Permanent Online Recruitment
- Part Time Online Recruitment
- IT (Information Technology)
- Nursing and other Medical Care
- HR (Human Resources)
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as,
- SEEK Ltd
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in online recruitment market.
Timeline Considered for Analysis:
- 2019- Base Year
- 2020 – Estimated Year
- 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the online recruitment market by the following segments:
- By Recruitment Type
- By Applications.
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Online Recruitment Market Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?