Global Recruitment Market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
Global Recruitment Market by Type (Permanent Recruitment and Part-Time Recruitment), Application (IT, Sales & Marketing, Finance, Engineering, and Others), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032
The Recruitment market size was valued at USD 29.8 billion in 2022 and is expected to surpass USD 48.4 billion by 2032, expanding at a CAGR of 7.9 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing demand for talent, the rise of remote work, and the adoption of AI and other technology-enabled solutions in recruitment.
INTRODUCTION
Recruitment refers to the process of attracting, screening, and selecting potential job candidates for an organization. This process typically involves job advertising, resume screening, conducting interviews, and making offers of employment. The goal of recruitment is to find and hire the best candidates to fill open positions and meet the needs of the organization.
The global recruitment market refers to the market for human resources services, including staffing and recruitment services, provided by companies to organizations worldwide. This market has grown significantly in recent years, driven by factors such as the increasing demand for skilled labor, the rise of the gig economy, and the growth of technology-enabled recruitment solutions. The global recruitment market is highly competitive, with a large number of players operating across different geographies and segments, including staffing firms, recruitment agencies, and technology-enabled recruitment platforms.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
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Report Title | Recruitment Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2022 |
Historic Data | 2021–2022 |
Forecast Period | 2022–2032 |
Segmentation | Type (Permanent Recruitment and Part-Time Recruitment), Application (IT, Sales & Marketing, Finance, Engineering, and Others) |
Regional Scope | APAC, Europe, North America, and LAMEA |
Key Players Covered in the Report | IKYA; ADP; Aon Hewitt; Temp Holdings; Jobrapido; Career Builder |
Market Segment Insights
The permanent recruitment segment is expected to register a considerable CAGR
Based on type, the recruitment market is divided into permanent recruitment and part-time recruitment. The permanent recruitment segment is expected to expand rapidly during the forecast period owing to the growing demand for skilled manpower across various industries.
The IT application segment is expected to spur at a rapid pace
Based on application, the recruitment market is divided into IT, sales & marketing, finance, engineering, and others. The IT segment is expected to expand rapidly during the forecast period.
The Asia Pacific region dominates the global recruitment market
In terms of regions, the recruitment market is classified as APAC, Europe, North America, and LAMEA. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period owing to growing awareness among job seekers regarding job opportunities and salaries offered by various companies. Middle East & Africa is anticipated to expand at a rapid pace in the global recruitment market during the forecast period due to increasing government initiatives related to creating more job opportunities.
Competitive Landscape
Key players competing in the Recruitment market are IKYA; ADP; Aon Hewitt; Temp Holdings; Jobrapido; Career Builder.
FAQs
How much is the market worth?
The Recruitment market size was valued at USD 29.8 billion in 2022 and is expected to surpass USD 48.4 billion by 2032.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is expected to be 7.9%.
What are the key drivers of the market?
The market's growth is attributed to the increasing demand for talent, the rise of remote work, and the adoption of AI and other technology-enabled solutions in recruitment.
What segments are covered in the Recruitment report?
The segments covered in the report are type (permanent recruitment and part-time recruitment), application (it, sales & marketing, finance, engineering, and others).
Mention which region is expected to hold the highest share of the Recruitment market.
The Asia Pacific region is expected to hold the highest share of the Recruitment market.
Which segment holds the largest market share in Recruitment by 2032?
The Permanent Job segment holds the largest market share in Recruitment by 2032.
Mention the key players in the market.
Key players competing in the Recruitment market are IKYA; ADP; Aon Hewitt; Temp Holdings; Jobrapido; Career Builder.
1 INTRODUCTION TO GLOBAL RECRUITMENT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL RECRUITMENT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL RECRUITMENT MARKET, BY TYPE
5.1 Overview
5.2 Permanent Recruitment
5.3 Part-Time Recruitment
6 GLOBAL RECRUITMENT MARKET, APPLICATION
6.1 Overview
6.2 IT
6.3 Sales & Marketing
6.4 Finance
6.5 Engineering
6.6 Others
7 GLOBAL RECRUITMENT MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 The Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 The Middle East & Africa
8 GLOBAL RECRUITMENT MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 IKYA
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 ADP
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Aon Hewitt
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Temp Holdings
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Jobrapido
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Career Builder
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
10 Appendix
10.1 Related Research
Segments Covered in the Report
Type
Application
Regions
Key Players
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