Global Recruiting and Job Placement Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Recruiting and Job Placement Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Recruiting and Job Placement market finds that the global Recruiting and Job Placement market reached a value of USD 318192.02 million in 2022. It’s expected that the market will achieve USD 452718.14 million by 2028, exhibiting a CAGR of 6.05% during the forecast period.

Influence of COVID-19 Outbreak on Recruiting and Job Placement Industry Development

All industries have been affected by COVID-19 to varying degrees, leading to a general decline in the number of job offers and the number of industries.

From the perspective of industry, during the outbreak of COVID-19, the number of recruitment positions in the cultural media industry, service industry, cultural and sports education industry, IT Internet industry, financial industry and trade wholesale and retail industry has dropped significantly. Agriculture, forestry, animal husbandry, fishery and manufacturing industries have also declined to a certain extent. The real estate, transportation and business service industries have seen a smaller decline than other industries. The least affected industries are government non-profit institutions.

From the perspective of enterprise size, the smaller the enterprise, the greater the impact of the epidemic and the greater the decline in the number of jobs. The outbreak of COVID-19 led to the largest decline in the recruitment needs of small and micro enterprises. Part of the decline came from the surviving companies reducing their labor, and the other part came from the fact that some small and micro enterprises stopped their recruitment

Strengths

Randstad has been established for a long time, with high market influence and customer recognition.
Randstad has strong cash flow.
Successful acquisition expands its market.

Weaknesses

Accused by the Ministry of Justice for affecting corporate image.
High labor cost.

Opportunities

Broad potential market in emerging economies.
International demand rises overall.
Continuous integration of innovative technology.

Threats

Fierce competition in the international market Product homogeneity.
The outbreak of COVID-19 leads to the tightening of market demand.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Randstad, Adecco, Manpower Group with the revenue market share of 5.62%, 5.55%, and 4.54% in 2019.

Randstad NV provides temporary employment services. The Company places workers for temporary assignments in educational, secretarial and banking, information technology, engineering, and finance positions. Randstad operates worldwide.

Adecco is a personnel and temporary employment company. The Company supplies personnel and temporary help, and offers permanent placement services for professionals and specialists in a range of occupations. Adecco Group conducts its placement services internationally.

Segmentation Overview:

Among different product types, Offline Recruitment segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the SEMs segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Recruiting and Job Placement market covered in Chapter 3:

Hays
ClearCompany
Alexander Mann Solutions
ADP
Allegis Group
Workable
Korn Ferry
JobDiva
Kelly Outsourcing & Consulting Group (KellyOCG)
Adecco
Manpower Group
Randstad
Recruit
TripleByte
Jobvite
Hyrell
Hired

In Chapter 4 and Chapter 14.2, on the basis of types, the Recruiting and Job Placement market from 2018 to 2029 is primarily split into:

Online Recruitment
Offline Recruitment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Recruiting and Job Placement market from 2018 to 2029 covers:

Large Enterprise
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)