E-recruitment Market Scope
E-recruitment involves the use of electronic resources to assist in the hiring process. It is web-based technology for the different processes of drawing in, assessing, selecting, recruiting, and onboarding candidates. E-recruitment is the process of attracting, assessing, choosing, recruiting, and onboarding people through the use of web-based technologies. Employers can reach a bigger number of potential employees by using e-recruitment. The goal of e-recruitment is to make recruiting more efficient and cost-effective. Professional networks such as LinkedIn, Viadeo, Xing, and odnoklassniki.ru are the second-largest market in terms of growth. However, the number of players in this industry is substantially smaller, and while recruitment is not their primary activity, it accounts for more than half of LinkedIn's revenue. Their business approach allows them to offer both consumer and business-to-business services. For the past few years, this site has been quickly expanding, and it is expected to continue doing so.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Appvizer (Europe), ABC Consultants (India), Glassdoor, Inc. (United States), iPlaceUSA, Inc. (United States), itForte (India), Info Edge Ltd. (India), LinkedIn Corporation (United States), Multi Recruit (India), SH Inc. (United States) and StepStone GmbH (Germany) |
CAGR | % |
With the rapid development in E-recruitment technologies. The companies operating in this industry are heavily focusing on enhancing various product development, research, and development. And also adopting strategic activities like partnerships, mergers, and acquisitions will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that India Players will contribute to the maximum growth of Global E-recruitment market throughout the predicted period.
Appvizer (Europe), ABC Consultants (India), Glassdoor, Inc. (United States), iPlaceUSA, Inc. (United States), itForte (India), Info Edge Ltd. (India), LinkedIn Corporation (United States), Multi Recruit (India), SH Inc. (United States) and StepStone GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are TalenTECH Solutions Pvt Ltd (India), Recruitee (Germany), Lumesse (Netherlands) and Seek (Australia).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global E-recruitment market by Type and Region with country level break-up.
On the basis of geography, the market of E-recruitment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In June 2023, iCIMS, Inc., a leading provider of talent acquisition software, acquired TalentInc., a company specializing in virtual career fairs and recruitment events. This merger strengthens iCIMS's position in the virtual recruiting space and expands its suite of recruitment solutions.
In September 2023, LinkedIn launched its "Talent Hub" feature, connecting companies with diverse talent pools in underrepresented communities. This new initiative aims to promote inclusive hiring practices and expand access to job opportunities.
Influencing Trend:
Increasing use of online recruitment, internet recruitment, and e-recruitment and The emergence of advanced technologies such as big data, cloud computing, and AI
Market Growth Drivers:
Increasing the number of job seekers and hiring the best talent for the company at a less cost, Factors such as less time required in hiring the potential candidate for the firm, beneficial for both employer and the job seeker and The rapidly growing use of the internet for recruitment and testing
Challenges:
Lack of data-driven recruitment process, Bad candidate experience and Difficult to measure candidate’s efficiency
Restraints:
Lack of knowledge and Attracts fraudulent application
Opportunities:
Rising adoption of new technology in recruitment and selection and Increasing innovative ideas in adopting new technology in a selection process
Key Target Audience
Research & Development, Enterprises and Businesses, Government Agency, Recruitment Channel, Government Regulatory Bodies, Private Research Orgnaization, Government Research Organizations and Others