Online Recruitment market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Online Recruitment market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Online Recruitment Market

The online recruitment market size was valued at USD 10.01 billion in 2023, and the market is now projected to grow from USD 11.48 billion in 2024 to USD 30.87 billion by 2032, exhibiting a CAGR of 15.2% during the forecast period of 2024 to 2032.

In order to exercise social distancing and limit physical contact in order to stop the virus from spreading, firms are steering clear of in-person interviews while hiring. These factors affected the online recruitment market growth. Many companies have already found themselves in the regrettable position of having to fire staff as a result of the new coronavirus.

Social media's ascent has transformed knowledge sharing and created new channels for communication. There are exciting prospects for the recruitment market as social networking infrastructure starts to expand and become more common. Social media now holds a far more prominent position in the context of the shifting global business environment. These factors affected the online recruitment market share. The revenue and share systems numbers are off the charts and demands are touching the skies.

The market has benefited from the advent of cutting-edge technologies like big data, cloud computing, and artificial intelligence. This particular product market has expanded rigorously after this trend has kicked in and has attributed the market shares. The consensus among hiring managers and management specialists is that the increasing accessibility of data is what propels the development of employment trends, which in turn helps companies draw in new workers.

Comprehensive Analysis of Online Recruitment Market

The market is separated into four categories based on the type of technology: chatbots, application tracking systems, candidate relationship management platforms, and AI-based video interviews. The market is divided into employment types that include secretarial/clerical, accounting/financial, computing, technical/engineering, professional/managerial, hotel/catering, sales/marketing, nursing/medical/care, and other industrial/blue collar.

North America is expected to be the leading region of this particular product market. As a result of growing health concerns and precautions against microbial or viral exposure. This particular product market is expanding due to various reasons. This is due to the fact that both large corporations and SMEs have adopted online recruiting technology solutions. The online recruiting sector has seen many changes in recent years, with the goal of enhancing the hiring procedures for local companies and employees. These developments range from the implementation of social media recruiting to the launch of mobile recruiting platforms.

Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. BambooHR LLC (U.S.), HireVue, Inc. (U.S.), TalentLyft (Croatia), Yello (U.S.), and Fountain (U.S.), are some of the major competitors of this particular product market.

In April 2023, the new Recruiter Marketplace platform was introduced by Recruiter.com. The goal of this platform is to completely change the approach to hiring new employees. It offers a flexible and affordable means for companies to engage with freelance applicants worldwide by automating the process of connecting with them.

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 15.2% from 2023 to 2030

Unit Value (USD billion)

Segmentation By Technology Type, Job Type, and Region

By Technology Type Chatbot

Candidate Relationship Management Platform

Application Tracking System

Video Interviewing (AI-based)

By Job Type Secretarial/Clerical

Accounting/Financial

Computing

Technical/Engineering

Professional/Managerial

Nursing/Medical/Care

Hotel/Catering

Sales/Marketing

Other Industrial/Blue Collar

By Region North America (By Technology Type, Job Type, and Country)

- U.S. (By Job Type)

- Canada (By Job Type)

- Mexico (By Job Type)

South America (By Technology Type, Job Type, and Country)

- Brazil (By Job Type)

- Argentina (By Job Type)

- Rest of South America

Europe (By Technology Type, Job Type, and Country)

- U.K. (By Job Type)

- Germany (By Job Type)

- France (By Job Type)

- Italy (By Job Type)

- Spain (By Job Type)

- Russia (By Job Type)

- Benelux (By Job Type)

- Nordics (By Job Type)

- Rest of Europe

Middle East & Africa (By Technology Type, Job Type, and Country)

- Turkey (By Job Type)

- Israel (By Job Type)

- GCC (By Job Type)

- North Africa (By Job Type)

- South Africa (By Job Type)

- Rest of the Middle East & Africa

Asia Pacific (By Technology Type, Job Type, and Country)

China (By Job Type)

India (By Job Type)

Japan (By Job Type)

South Korea (By Job Type)

ASEAN (By Job Type)

Oceania (By Job Type)

Rest of Asia Pacific


Please Note: It will take 5-6 business days to complete the report upon order confirmation.