Companies Profiled in the Market are LinkedIn.Com, TalentLyft, Zoho Corporation Pvt. Ltd, Indeed, HackerRank, Self-Management Group, Pymetrics, iCIMS, Ultimate Software (Ultipro), Monster Worldwide, Inc., Jobvite, Inc., Ideal, Texito, SAP SE, Recruiterbox Inc., BambooHR LLC, CEIPAL Corp., iSmartRecruit
The global online recruitment market size is anticipated to reachUSD 43.39 billionby 2027. This information is provided byFortune Business Insights™, in its report, titled,“Online Recruitment MarketSize, Share and COVID-19 Impact Analysis, By Type (Permanent Online Recruitment, Part Time Online Recruitment), By Application (Secretarial/ Clerical, Accounting/ Financial, Computing, Technical/ Engineering, Professional/ Managerial, Nursing/ Medical/ Care, Hotel/ Catering, Sales/ Marketing, Other Industrial/ Blue Collar) and Regional Forecast, 2020 2027.”
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Companies Covered in the Online Recruitment Market Report
- Naukri. Com
- TalentLyft
- Zoho Corporation Pvt. Ltd
- Indeed
- HackerRank
- Self-Management Group
- Pymetrics
- iCIMS
- Ultimate Software (Ultipro)
- Monster Worldwide, Inc.
- Jobvite, Inc.
Drivers and Restraints
Increasing Demand for Global Automation to Simulate Market Growth
The increasing demand for automation in all sectors has led to the development of evolved technologies applicable in all sectors. There has been a substantial shift from conventional and traditional methods of job hunting to the utilization of digital platforms to search for a job. The majority of the companies are switching to online platforms to recruit employees as the process is convenient and hassle-free. Whereas, the employees too are applying on these portals, as it is more involving and reduces time consumption in traveling. All communication processes such as job postings, confirming employees’ job applications and online interviews to are done via the internet by companies. This is expected to steer market growth during the forecast period.
Report Coverage
The report provides a holistic evaluation of the current market trends, investment opportunities, restraints, and a general insulated jacket market overview. An in-depth analysis of the competitors and their prominent strategies to hoist their position in the market. Furthermore, regional dynamics shaping the market’s structure are explained. Tangible insights on the driving factors of the market and how they bolster the market growth are explained. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better.
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Regional Insights
North America to Lead Global Market Backed by Heavy Adoption of Social Media Platforms
North America generated USD 11.49 in 2019 in terms of revenue. The rising adoption of social media platforms and other online services for recruiting purposes is likely to propel growth in this region during the forecast period. Additionally, the key players in this region are developing AI technologies to further maintain their domination over the globe in terms of technological advances.
Asia Pacific is expected to hold the second-largest share in the global online recruitment market owing to the dramatic growth rates regarding the adoption of AI in leading nations of this region such as China, Japan and India among others. Furthermore, talent acquisition and HR recruiters are observing substantial growth as the business owners are switching to the automated hiring process to fulfill technical advances.
Competitive Landscape
New Product Launches By key Players to Create Growth Opportunity
Key players use strategic plans to bolster their position as top players in the market. Their efficient strategies include acquisitions, mergers, partnerships, and launching products among many others.
For example, in September 2019, LinkedIn launched several skill-assessing tools to warrant job-seeking candidates to find their skills and test their knowledge. This helps the candidates to present their caliber in the form of certificates provided by LinkedIn to their employers. This initiative is expected to work in favor of LinkedIn in the long run.
Related Blogs-
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Online Recruitment Market Size, Share, Growth, Demand till 2027
