Evolve Business Intelligence has published a research report on the Global Recruitment and Staffing Market, 2021–2034. The global Recruitment and Staffing market is projected to exhibit a CAGR of around 4.41%during the forecast period of 2021 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Recruitment and Staffing Market: Adecco Staffing, Allegis Group, HAYS PLC, Insperity, Kelly Services Inc, Manpower Group, Randstad Holding NV, Recruit Holdings Co, Temp Holdings Co, USG people
More Information: https://evolvebi.com/report/recruitment-and-staffing-market-analysis/
Market Highlights
The Recruitment and Staffing Market size accounted for USD 514.33 Billion in 2023 and is estimated to account for 611.20 Billion in 2024. The Market is expected to reach USD 982.45 Billion by 2034 growing at a compound annual growth rate (CAGR) of 9.60% from 2024 to 2034. The Recruitment and Staffing Market focuses on the services and solutions that help organizations find, attract, and manage talent. This market includes a range of activities such as job placement, temporary staffing, executive search, and recruitment process outsourcing (RPO). Companies in this sector offer expertise in sourcing candidates, screening resumes, conducting interviews, and managing employment processes. The market is driven by factors like workforce demand, economic conditions, technological advancements, and evolving workforce trends. With increasing competition for skilled labor, businesses are relying more on specialized recruitment firms to streamline hiring processes and secure top talent. The market is characterized by a growing emphasis on digital solutions, including AI and automation, to enhance recruitment efficiency and effectiveness.
Segmental Analysis
The global Recruitment and Staffing market has been segmented based on Channel, Type, Service
Based on the Channel, the market is segmented based on Online, Offline. the Online channel dominates. This is driven by the widespread use of digital platforms and job boards, which offer greater reach and efficiency in connecting employers with candidates compared to traditional offline methods.
Based on the Type, the market has been divided into Permanent, Temporary, Others. the Temporary staffing segment generally dominates. This is due to its flexibility and the increasing demand for short-term and contract-based labor solutions across various industries
Based on Service, the market has been divided into General, Professional. the Professional segment typically dominates over the General segment. This is because professional staffing services focus on specialized roles and high-level positions, which are in higher demand and often command higher fees compared to general staffing services.
More Information: https://evolvebi.com/report/recruitment-and-staffing-market-analysis/
Regional Analysis
The Recruitment and Staffing market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, &Africa. North America dominates the Recruitment and Staffing market due to several factors. In North America, the Recruitment and Staffing Market is highly developed and competitive, driven by a robust job market and diverse industries. The region’s strong emphasis on technology and innovation has led to significant adoption of digital and AI-driven recruitment solutions. Additionally, the demand for specialized and temporary staffing solutions remains high, reflecting the dynamic and evolving nature of the workforce The Asia-Pacific region has been witnessing remarkable growth in recent years. In the Asia-Pacific region, the Recruitment and Staffing Market is experiencing rapid growth due to economic expansion and increasing industrial activity. The market is characterized by a rising demand for skilled professionals and a growing adoption of digital recruitment technologies. Diverse workforce needs and varying regulatory environments across countries present both opportunities and challenges for staffing firms in this dynamic region.
