Online Recruitment Market Update: Exceeding Expectations of Key Players That Shows Promising Future

Seattle, WA -- (SBWire) -- 12/02/2019 --Online recruitment is the process of using the Internet to seek out and recruit talented candidates for an organization actively. The trickiest part of online recruiting may be deciding the best way to introduce a job offer to a candidate. The purpose of online recruitment is to make the processes more efficient and effective, which would make them cost-effective also. Online recruitment can reach a larger number of potential employees and facilitate the selection process.

The increasing number of internet users is a major factor driving the growth of the online recruitment market. Further, the online social platform such as LinkedIn, Naukri.com, Glassdoor, Monster and others are contributing major growth into the recruitment industry across the globe. Moreover, the rising use of internets such as 4G and LTE is one of the major factors for the growth of the online recruitment market.

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Market drivers
- Growing usage of social media and easy access to hassle-free job information
- For a full, detailed list, view the full report

Market challenges
- Decline in profitability due to a high level of competition
- For a full, detailed list, view the full report

Market trends
- Increase in the use of AI-powered searches
- For a full, detailed list, view the full report

Additionally, growing adoption of online recruitment process across various sector such as, hospitality, sales, and marketing, BFSI sectors (Banking Financial Services & Insurance), engineering, manufacturing, and others are the key elements which are propelling the growth of online recruitment market. Further, online recruitment has a number of advantages such as time-saving, cost-effective, relevant information, and it also makes the recruitment process easier and faster for both employer and hire team during recruitment. These advantages are strongly driving the growth of the online recruitment market.

Market Segmentation:

On the basis of types of online recruitment solutions, the market is categorized into permanent and full-time. The market for online permanent recruitment dominated the market. However, the part-time job recruitment market is expected to grow with the highest CAGR of 8.3% during the forecast period.

On the basis of application categories, this market covers categories like Secretarial/Clerical, Accounting/Finance, Computing, Technical/Engineering, Professional/Managerial, Nursing/Medical/Care, Hotel/Catering, Sales/Marketing, and Industrial/Blue Collar, Construction, Education/Teaching, HR, Scientific, Drivers and others.

Regional Analysis:

On geographic front, the Asia-Pacific region had the highest market share in 2018 and is anticipated to remain the highest until 2025. Countries such as China, India, Japan, South Korea, Australia, and Indonesia contain greater technological infrastructure and majorly drive the APAC market.

North America was the second-largest market in 2018. The North American region has been the most forward to adopt newer technologies in the online recruitment environment. The major growth driver for this region is the technology penetration and awareness among the candidates. Another driver for the growth of the market in this region is the demand for operational efficiency and cost-effectiveness by small and medium enterprises.

Key Players:

LinkedIn, CareerBuilder, Monster, SEEK, Zhilian, 51job, Naukri, StepStone, DiceHoldings, Glassdoor, SimplyHired, TopUSAJobs, and 104 Job Bank.

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