Recruitment Market By Staffing Type (Temporary Staffing, Permanent Staffing, Employee Leasing, Others); By Offering (Software, Services, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Recruitment Market Overview and Definition
The global recruitment market size was valued at around USD 15.4 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 8.8% from 2022 to 2032.The market size is projected to succeed in USD 35.8 billion by 2032.
The recruitment market refers to the process of identifying, attracting, and hiring qualified candidates for job openings in organizations. Recruitment services are offered by staffing agencies, headhunting firms, and internal human resources departments. Recruitment includes sourcing potential candidates, reviewing resumes and applications, conducting interviews and assessments, and extending job offers.
The global recruitment market is expected to grow significantly in the coming years due to increasing demand for qualified talent, technological advancements in recruitment processes, and the growing adoption of artificial intelligence (AI) and machine learning in recruitment. The market includes various types of recruitment services, such as executive search, temporary staffing, and permanent placement, and is segmented based on industry verticals, such as healthcare, IT, and finance.
The market is also segmented based on region, with North America and Europe being the largest markets due to the presence of well-established staffing agencies, high demand for qualified talent, and a growing gig economy. The Asia-Pacific region is also a growing market due to the increasing number of small and medium-sized enterprises (SMEs), the growing adoption of digital platforms for recruitment, and a rise in the number of job seekers. The market includes various players, including recruitment agencies, job boards, and HR technology companies, who offer recruitment services and platforms.
The Global Recruitment Market is anticipated to flourish at a CAGR of 8.8% during the forecast period i.e., 2022-2032. Development of new recruitment solutions by various companies are believed to impel the growth of recruitment market. Other major growth driving factors of the market include growing global GDP and expansion of various sectors across the globe.
Recruitment Market Segmentation
The research offers a comprehensive analysis of Recruitment Market with respect to following sub-markets:
By Staffing Type
- Temporary Staffing
- Permanent Staffing
- Employee Leasing
- 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 Key Players such as:
- ADP, LLC
- Randstad Sourceright
- Alexander Mann Solutions
- Allegis Global Solutions
- Future Step
- Kelly Outsourcing & Consulting Group
- The Adecco Group
- Randstad NV
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial 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 Recruitment Market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: 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 global recruitment market by the following segments:
- Staffing Type
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 is in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Recruitment Industry Report:
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e., 2022-2032?
- 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?