As per Cognitive Market Research's latest published report, the Global Online Recruitment market size was $27.98 Billion in 2021 and it is forecasted to reach $41.83 Billion by 2029. Online Recruitment Industry's Compound Annual Growth Rate will be 7.3% from 2023 to 2030.
As per Cognitive Market Research's latest published report, the Global Online Recruitment market size was $27.98 Billion in 2021 and it is forecasted to reach $41.83 Billion by 2029. Online Recruitment Industry's Compound Annual Growth Rate will be 7.3% from 2023 to 2030.
2. INTRODUCTION
Online recruitment is also known as E-recruitment,
it uses web-based technology for the various
processes of attracting, assessing, selecting,
recruiting, and onboarding job candidates. Online
recruitment is a way to provide businesses with an
efficient and cheaper way to fill positions.
6. Drivers
Trends
An increasing number of job openings has
created a massive demand for modern
recruiting software, to streamline hiring
processes which, include resume
management, employee evaluation,
assessment tools, and others.
The adoption of advanced technologies such
as big data, cloud computing, AI, and others is
positively impacting the global online
recruitment market.
7. AUTHOR'S PERSPECTIVE
Global Online Recruitment Market Report 2023 talks about crucial
market insights with the help of segments and sub-segments
analysis.
The Type of online recruitment, the market is bifurcated into
permanent and part-time online recruitment. Permanent online
recruitment held the largest market share in 2021, this is due to the
increasing number of job seekers, who are searching for permanent
job roles.
On Application, the market is segmented into, marketing, finance,
sales, it, and others. The IT industry held the largest market share,
accounting for about 25.19% during 2021, owing to the global
pandemic and increasing job vacancies in the IT sector.
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