Online Recruitment Market Size, Share, By Type (Permanent Online Recruitment, and Part Time Online Recruitment), By Application (Computing, Secretarial/Clerical, Accounting/Financial and Other and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis and Forecast till 2034

Report Code: PMI77619 | Publish Date: May 2023 | No. of Pages: 167

Global Online Recruitment Market By Overview

Online Recruitment Market Size was valued at USD 46.9 Billion in 2024 and is projected to grow at a CAGR of 11.5%to reach USD 126.3 Billion by 2034.

Online Recruitment Market has led to the digitization of all organizational processes, including hiring. To reduce or eliminate administrative tasks and improve operational performance within and across departments and hiring teams, digital transformation typically involves investing in software and data technologies, such as online hiring channels and hiring solutions.

The demand for sophisticated recruiting platforms has grown dramatically in tandem with the expansion of employment options. These systems are essential for streamlining hiring processes, including managing resumes, screening candidates, providing assessment tools, and more. The main factor driving the industry is the increased use of online recruiting platforms to handle traditional employment processes.

The expansion of social networking, the increasing use of cloud-based technologies, and the accessibility of high-bandwidth internet infrastructure are the main factors propelling the growth of the online recruitment market.

AI is being used by an increasing number of companies in their employment processes. The entire online hiring process is being improved globally by a number of technologies, such as application tracking software, interviewing software, and candidate relationship management software. To get the full benefits of online recruitment, recruitment firms are using data analytics-driven solutions for their candidate tracking procedures. Jobvite unveiled a data science strategy in January 2020 to complement its HR product range. By giving company recruiters access to the best applicants, this application aims to reduce the amount of time that both candidates and recruiters waste.

Online Recruitment Market Size

Global Online Recruitment Market By Dynamics

Online Recruitment Market Drivers:   

 Increasing visibility on social media to increase demand

  • Social networking's rise has changed the way individuals exchange information and opened up new avenues for communication. As social networking infrastructure begins to expand and become more widely used, the recruiting industry is provided with a complete picture of tremendous potential. Through engaging with talent on various social media platforms, recruiters are increasingly realizing the need for more innovative ways to improve the business plan. Thanks to social media's broad use, businesses are now aware of its potential as a marketing technique.  

Putting more emphasis on automation in the hiring process to support expansion:

  • Right now, businesses and government organizations are concentrating on making a significant shift away from the traditional approach of employing services and toward more efficient, cost-effective alternatives. Nowadays, more companies employ e-recruitment platforms instead of traditional hiring methods. Additionally, more and more potential employees are using online job search and application processes. Nowadays, e-recruitment is being used by many companies of various kinds. But today, most companies utilize e-recruitment to post job positions, approve interview requests, and send out emails to potential candidates. Consequently, the organization now has the opportunity to find potential candidates who meet the position's requirements thanks to the internet and information technology.

Advantages of hiring people online:

  • Online recruiting helps to expedite standard hiring procedures. Businesses can automate administrative tasks like organizing interviews and organizing application materials.
  •  Online recruiters utilize application tracking systems (ATS) to quickly screen applicants since they centrally maintain all the candidate data they need.
  •  Everything will be on the same page, so they won't have to read the resume before viewing the portfolio, assessment, or cover letter. Not just recruiters but also other parties can benefit from online recruitment tools.
  •  Candidates can apply quickly thanks to the procedures' one-click apply buttons and auto-filling application forms. Digitalization is supported by additional factors in addition to improved candidate analysis and access to a wide pool of applicants.

Restrains in the Online Recruitment Market:

Growing number of bogus online apps will impede market expansion:

  • The accessibility of internet access has led to a glut of online applications, making it difficult for hiring managers and companies to weed out unqualified candidates while choosing the suitable staff. Employers should exercise caution when defining job vacancies and be as clear as possible about the jobs and qualities they are seeking for in order to decrease the number of applications they receive. Most hiring procedures are handled online by businesses that might not even need testing. Interviews over the phone and in person are common, particularly for offshore companies. Because of certain cultural and contextual circumstances, hiring managers and recruiters are unable to ensure a candidate's professional ethics in this situation. Companies that post jobs online may have a lot of data, which could facilitate unethical hackers' access to the company's IT infrastructure.

Data Security and Privacy Concerns:

  • Issues with data security and privacy are a significant barrier to the online employment sector. Online recruiting platforms are vulnerable to cyberattacks and data breaches due to the large volume of personal and professional data they manage, which may jeopardize candidate and company information. Recruitment platforms that operate internationally have additional levels of complexity and costs associated with complying with various international data privacy rules, such as the GDPR in Europe.

Key Opportunities in Online Recruitment Market:

Growth in Emerging Markets

  • There are a lot of prospects for the internet recruitment sector to grow in emerging markets. There is an increasing need for job possibilities and recruitment services due to the rapid economic expansion, urbanization, and internet penetration of many countries in regions including Asia-Pacific, Latin America, and Africa.
  • Online recruitment techniques are being adopted by local businesses and international corporations in these locations more frequently in order to obtain a competitive edge and access a larger talent pool. Moreover, the proliferation of startup cultures and foreign investments in these regions present abundant prospects for online recruitment platforms to tailor and expand their offerings, thereby propelling their expansion and market share.

Global Online Recruitment Market By Segmentation

Online Recruitment Market is segmented based on based on by Type, Application and Region.

By Type

  • Permanent Online Recruitment - Hiring exceptionally bright and skilled individuals who are willing to grow with your business over time is the main goal of permanent recruitment. Employees hired through permanent recruiting are covered by full-time contracts and are entitled to company benefits.
  • Part Time Recruitment – A part-time job is any form of employment in which a worker puts in less hours per week than a full-time worker. Often called "part-timers," part-time workers put in 20 to 30 hours a week on average

By Application

  • Computing - A computer is a device that manipulates data in accordance with computer programs, which are collections of instructions. The computer can use the program's executable form to start the instructions' execution right away. An algorithm is a set of steps that can be studied and developed by a programmer using the same program in its human-readable source code version. A single set of source instructions translates to machine instructions based on the CPU type because the instructions can be executed on several kinds of computers
  • Secretarial/Clerical – The seamless daily operations of an organization are greatly dependent on clerical staff. Many times, clerical jobs involve a variety of tasks, including data entry, record and document organization, and report preparation.

Candidates will probably be given a number of questions during a clerical job interview to gauge their aptitude for the work

  • Accounting/Financial – A particular area of accounting called financial accounting deals with the process of documenting, compiling, and reporting the numerous transactions that arise from company operations over time. Financial statements, which show a company's operating performance over a certain time and include the balance sheet, income statement, and cash flow statement, are prepared using these transactions as a summary.
  • Other – This includes Technical/Engineering, Professional/Managerial, Nursing/media/care, Hotel/catering, Sales/Market, Industrial/Blue Collar

Online Recruitment Market Regional Insights:

On region the Online Recruitment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America particularly the United States and Canada, is a significant market for Online Recruitment due to strong regulatory frameworks and increasing investor demand for transparency in sustainability practices.
  • Asia Pacific region is rapidly growing in the Online Recruitment market due to increasing regulatory developments, investor interest, and corporate sustainability efforts. Countries like Japan, South Korea, and Australia are enhancing their ESG reporting requirements. China is also beginning to emphasize ESG reporting as part of its broader economic reforms.
  • Europe is expected to dominate the target market growth and this region is also considered a leader in the Online Recruitment market, driven by rigorous regulations and a strong cultural emphasis on sustainability and corporate responsibility.
  • Latin America is emerging as a promising market for ESG reporting software, driven by increasing awareness and regulatory initiatives. There is a growing awareness of the importance of ESG factors among businesses and investors in Latin America. This has led to increased adoption of ESG reporting practices.
  • Middle East & Africa region is a growing interest from both regional and international investors in ESG factors, driving companies to adopt ESG reporting tools to enhance transparency and attract investment.  

Online Recruitment Market Report Scope:

Attribute

Details

Market Size 2024

USD 46.9 Billion

Projected Market Size 2034

USD 126.3 Billion

CAGR Growth Rate

11.5%

Base year for estimation  

2023

Forecast period       

2024-2034

Market representation       

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type – Permanent online recruitment, Part time recruitment

By Application – Computing, Secretarial/Clerical, Accounting/Financial, Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Online Recruitment Market report based on by type, by Application and Region:

Online Recruitment Market, By Type:

  • Permanent Online Recruitment
  • Part Time Recruitment

Online Recruitment Market, By Application:

  • Computing
  • Secretarial/Clerical
  • Accounting/Financial
  • Others

Online Recruitment Market, By Region:

  • North America

  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Global Online Recruitment Market By Key Players

Key players in the online recruitment market includes, Zhilian, 104 Job Bank, SimplyHired, Dice Holdings, LinkedIn, CareerBuilder, Top USA Jobs, Naukri, 51job, and Monster, Glassdoor, Recruit, Robert Half, indeed, Craigslist.

Online Recruitment Market Key Players

Global Online Recruitment Market By Key Issues Addressed

  • On June 4, 2024, the new "Opportunity Card" for Germany was introduced in June. It offers skilled workers from non-EU nations a points-based system for job entry into Germany.The German Foreign Office states that it will also aim to expedite the German recognition of foreign professional qualifications. The card signifies the third and last component of Germany's recently implemented skilled worker migration strategy. According to Hubertus Heil, the minister of employment in Germany, at least seven million workers would need to be replaced in the country's workforce owing to retirement by 2035.The care and hospitality industries are now experiencing the greatest shortages. Another industry that is actively hiring new staff is IT.
  • In March 2024, according to a survey conducted by The Futurama Group 65 percent of university administrators stated that there is a greater pool of competent mainframe talent available now than there was five years ago. This shows that the pool of mainframe talents is expanding. 91 percent of employer respondents to a study by The Futurum Group stated that they want to invest in and expand their mainframe IT team by hiring personnel for new mainframe positions in the next one to two years. According to recent research from The Futuram Group, 66% of firms support their learning and talent development with third-party learning platforms or programs.
  • In November 2023, Due to the increase in job opportunities, there is a growing demand for online recruiting platforms to manage recruitment operations, such as employee screening, resume management, assessment tools, and others. One of the main factors propelling the industry is the substantial outsourcing of traditional workplace employment practices to online recruitment platforms. A new wave of job opportunities has also been brought about by the fourth industrial revolution and the digital transformation, which has also positively impacted the online recruitment industry.

Global Online Recruitment Market By Company Profile

  • Zhilian
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategy Overview
  • 104 Job Bank
  • SimplyHired
  • Dice Holdings
  • LinkedIn
  • CareerBuilder
  • Top USA Jobs
  • Naukri
  • 51job
  • Monster
  • Glassdoor
  • Recruit
  • Robert Half
  • Indeed
  • Craiglist

“*” marked represents similar segmentation in other categories in the respective section

Global Online Recruitment Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings
    • Key Questions this Study Will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Permanent Online Recruitment
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Part Time Recruitment
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Computing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Secretarial/Clerical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Accounting/Financial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Zhilian
  • 104 Job Bank
  • SimplyHired
  • Dice Holdings
  • LinkedIn
  • CareerBuilder
  • Top USA Jobs
  • Naukri
  • 51job
  • Monster
  • Glassdoor
  • Recruit
  • Robert Half
  • Indeed
  • Craiglist

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Online Recruitment Market Size was valued at US$ 46.9 billion in 2024 and is projected to grow at a CAGR of 11.5%to reach US$ 126.3billion by 2034

Online Recruitment Market is segmented into type and application

Factors driving the Online Recruitment Market include Increasing visibility on social media to increase demand, putting more emphasis on automation in the hiring process to support expansion, Advantages of hiring people online.

Restraints of the Online Recruitment Market include Increasing visibility on social media to increase demand, putting more emphasis on automation in the hiring process to support expansion, Advantages of hiring people online

Online Recruitment Market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is expected to dominate the Market.

Key players in the online recruitment market includes, Zhilian, 104 Job Bank, SimplyHired, Dice Holdings, LinkedIn, CareerBuilder, Top USA Jobs, Naukri, 51job, and Monster, Glassdoor, Recruit, Robert Half, indeed, Craigslist