Online Recruitment Market Size, Share, Growth Analysis, By Job Type(Permanent, Part-time), By Application(Finance, Sales, Marketing, Engineering), By Region - Industry Forecast 2024-2031

Online Recruitment Market size was valued at USD 29292.3 million in 2019 and is poised to grow from USD 31372.05 million in 2023 to USD 58163.19 million by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

Leading Online Recruitment Market players like LinkedIn, Naukri.com, TalentLyft, Zoho Corporation Pvt. Ltd., Indeed, HackerRank, and others are introducing novel products and implementing cutting-edge technology to provide organisations effective solutions. On the other hand, other significant businesses, including Tribepad Ltd., WeLove9am, and others, are forming strategic alliances to improve their competitiveness and produce powerful brand advertising. For instance, Talview, an AI recruitment start-up, announced in January 2020 that it had become an integration partner with LinkedIn's Talent Hub applicant tracking system. Talview's live interviewing services are now incorporated into the LinkedIn Talent Hub experience, allowing businesses to source, manage, and recruit applicants from a single source 'LinkedIn Corporation', 'Glassdoor, Inc.', 'Indeed, Inc.', 'CareerBuilder, LLC', 'Monster Worldwide, Inc.', 'Seek Limited', 'Naukri.com (Info Edge India Ltd.)', 'StepStone Group', 'Bayt.com', 'Recruit Holdings Co., Ltd.', 'Upwork Inc.', 'Guru.com', 'Freelancer Technology Pty Limited', 'SimplyHired Inc.', 'ZipRecruiter, Inc.', 'Snagajob, Inc.', 'CareerArc Group LLC', 'Jobvite, Inc.', 'iCIMS Inc.', 'ManpowerGroup Inc.'

Increasing social media exposure to spur demand

Businesses are adapting to meet their employees' requirements as flexible schedules and work from home options become one of the most sought-after benefits by job seekers. This has led to an increase of completely remote firms around the world. Because businesses can now access global talent without being restricted by regional borders, companies are encouraging employees to work remotely in order to grow their online talent pool. As a result, it has been noticed that more people are using apps and technology including online recruitment tools, virtual workplaces, augmented and virtual reality work environments, and sophisticated multi-media networking platforms to manage remote hiring and teams.

North America is anticipated to dominate the global online recruitment market over the forecast period owing to rising use of social media platforms and other online services for recruiting that will support Online Recruitment Market growth in this region. The major firms in this region are also working on AI technologies to continue to dominate global technological advancements. Employers and recruiters in the region would be able to expand further recruiting-related administrative tasks, such as fielding questions, setting up interviews, and even doing preliminary candidate screenings due to recruitment marketing technologies and AI. This might boost output by more than 50%, giving recruiters more time to concentrate on technical responsibilities. Additionally, recruiters in the area use software and assessment tools to confirm the qualifications of the candidates.