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Recruitment and Staffing Market Analysis and Global Forecast 2021-2034
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Recruitment and Staffing Market Research Report: By Channel (Online, Offline), By Type (Permanent, Temporary, Others), By Service (General, Professional), and by Region — Forecast till 2034
Page: 135
Recruitment and Staffing Market Overview
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.
Global Recruitment and Staffing Market Synopsis
Global Recruitment and Staffing Market Dynamics
The major factors that have impacted the growth of Recruitment and Staffing are as follows:
Drivers:
⮚    Technological Advancements
The rise of digital technology, including AI and automation, has transformed recruitment processes. Tools like applicant tracking systems (ATS), AI-driven candidate matching, and recruitment analytics have streamlined hiring, improved efficiency, and enhanced the candidate experience. These advancements enable recruitment firms to manage larger volumes of applicants and find suitable candidates more effectively.
Restraint:
- Technological Disruptions
Rapid advancements in technology can disrupt traditional recruitment processes. While technology can enhance efficiency, it also poses challenges in terms of keeping up with the latest tools and integrating new systems. Staffing firms must invest in technology and training to stay competitive, which can be costly and complex.
Opportunity:
⮚    Growth of Remote Work
The shift towards remote and hybrid work arrangements has created opportunities for recruitment and staffing firms to tap into a global talent pool. Firms can help clients navigate the complexities of remote work, such as compliance with international labor laws and managing remote teams. Additionally, specialized services that address remote work challenges, such as virtual onboarding and remote team management, can be developed to meet the needs of companies and employees.
Recruitment and Staffing Market Segment Overview
By Channel
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.
By Type
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.
By Service
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.
Global Recruitment and Staffing Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Recruitment and Staffing, followed by those in Asia-Pacific and Europe.
Recruitment and Staffing North America Market
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.
Recruitment and Staffing Asia Pacific Market
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.
Competitive Landscape
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Adecco Staffing, Allegis Group, HAYS PLC, Insperity, and Kelly Services Inc are some of the leading players in the global Recruitment and Staffing Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- Adecco Staffing
- Allegis Group
- HAYS PLC
- Insperity
- Kelly Services Inc
- Manpower Group
- Randstad Holding NV
- Recruit Holdings Co
- Temp Holdings Co
- USG people
Key development:
In September 2022, Randstad Holding NV expanded its global presence by acquiring the majority stake in the Australian recruitment firm, “Hudson RPO,” enhancing its capabilities in recruitment process outsourcing and broadening its market reach.
Scope of the Report
Global Recruitment and Staffing Market, by Channel
- Online
- Offline
Global Recruitment and Staffing Market, by Type
- Permanent
- Temporary
- Others
Global Recruitment and Staffing Market, by Service
- General
- Professional
Global Recruitment and Staffing Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2034: USD 982.45 Billion |
| CAGR (2021-2034) | 9.60% |
| Base year | 2023 |
| Forecast Period | 2021-2034 |
| Historical Data | 2021 (2017 to 2020 On Demand) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Channel, Type, Service |
| Geographies Covered | North America, Europe, Asia-Pacific, South America, Middle East, Africa. |
| Key Vendors | Adecco Staffing, Allegis Group, HAYS PLC, Insperity, Kelly Services Inc, Manpower Group, Randstad Holding NV, Recruit Holdings Co, Temp Holdings Co, USG people |
| Key Market Opportunities | ·      Big Data promotes better product designs by utilizing technologies at lower costs and with less hardware. |
| Key Market Drivers | ·      Growing usage of advanced technologies Screening high-quality candidates from unlimited databases Improving time and efficiency Decreasing overall spending in companies’ HR budgets |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Recruitment and Staffing market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Recruitment and Staffing market historical market size for the year 2022, and forecast from 2021 to 2034
- Recruitment and Staffing market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Recruitment and Staffing market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Frequently Asked Questions (FAQ)
What are the 10 Years CAGR (2021 to 2034) of the global Recruitment and Staffing market?
The global Recruitment and Staffing market is growing at a CAGR of ~9.60% over the next 10 years
Which region has the highest growth rate in the market of Recruitment and Staffing?
Asia Pacific is expected to register the highest CAGR during 2021-2034
Which region accounted for the largest share of the market of Recruitment and Staffing?
North America holds the largest share in 2023
Major Key Players in the Market of Recruitment and Staffing?
Adecco Staffing, Allegis Group, HAYS PLC, Insperity, Kelly Services Inc, Manpower Group, Randstad Holding NV, Recruit Holdings Co, Temp Holdings Co, USG people
Do you offer Post Sale Support?
Yes, we offer 16 hours of analyst support to solve the queries
Do you deliver sections of a report?
Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives.
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Table of Content
CHAPTER 1. Executive Summary CHAPTER 2. Scope of the Study 2.1. Market Definition 2.2. Market Scope & Segmentation 2.2.1. Objective of Report CHAPTER 3. Evolve BI Methodology 3.1. Data Collection & Validation Approach 3.2. Market Size Estimation and Forecast CHAPTER 4. Exclusive Analysis 4.1. Market Opportunity Score 4.1.1. Channel Segement – Market Opportunity Score 4.1.2. Type Segment – Market Opportunity Score 4.1.3. Service Segment – Market Opportunity Score 4.2. Key Market Influencing Indicators CHAPTER 5. Market Insights and Trends 5.1. Value Chain Analysis 5.1.1. Raw Material 5.1.2. Manufacturing Process 5.1.3. Distribution Channel 5.1.4. End User 5.2. Porter’s Five Forces Analysis 5.2.1. Bargaining Power of Buyers 5.2.2. Bargaining Power of Suppliers 5.2.3. Threat of New Entrant 5.2.4. Threat of Substitute 5.2.5. Industry Rivalry 5.3. COVID-19 Impact and Post COVID Scenario on Recruitment and Staffing Market 5.3.1. Impact of COVID-19 5.3.2. Government Support and Industry Revival Policies 5.3.3. Measures Taken by Companies to Mitigate Negative Impact 5.3.4. Post COVID Trend CHAPTER 6. MArket Dynamics 6.1. Introduction 6.2. Drivers 6.2.1. Driver 1 6.2.2. Driver 2 6.2.3. Driver 3 6.3. Restraints 6.3.1. Restraint 1 6.3.2. Restraint 2 6.4. Opportunity 6.4.1. Opportunity 1 CHAPTER 7. Global Recruitment and Staffing Market, By Channel 7.1. Introduction 7.1.1. Online 7.1.2. Offline CHAPTER 8. Global Recruitment and Staffing Market, By Type 8.1. Introduction 8.1.1. Permanent 8.1.2. Temporary 8.1.3. Others CHAPTER 9. Global Recruitment and Staffing Market, By Service 9.1. Introduction 9.1.1. General 9.1.2. Professional CHAPTER 10. Global Recruitment and Staffing Market, By Region 10.1. Introduction 10.2. NORTH AMERICA 10.2.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.2.2. North America: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.2.3. North America: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.2.4. North America: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.2.5. US 10.2.5.1. US: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.2.5.2. US: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.2.5.3. US: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.2.6. CANADA 10.2.6.1. Canada: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.2.6.2. Canada: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.2.6.3. Canada: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.2.7. MEXICO 10.2.7.1. Mexico: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.2.7.2. Mexico: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.2.7.3. Mexico: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3. Europe 10.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.3.2. Europe: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.3. Europe: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.4. Europe: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.5. U.K. 10.3.5.1. U.K.: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.5.2. U.K.: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.5.3. U.K.: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.6. GERMANY 10.3.6.1. Germany: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.6.2. Germany: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.6.3. Germany: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.7. FRANCE 10.3.7.1. France: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.7.2. France: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.7.3. France: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.8. ITALY 10.3.8.1. Italy: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.8.2. Italy: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.8.3. Italy: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.9. SPAIN 10.3.9.1. Spain: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.9.2. Spain: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.9.3. Spain: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.10. BENELUX 10.3.10.1. BeNeLux: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.10.2. BeNeLux: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.10.3. BeNeLux: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.11. RUSSIA 10.3.11.1. Russia: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.11.2. Russia: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.11.3. Russia: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.3.12. REST OF EUROPE 10.3.12.1. Rest of Europe: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.3.12.2. Rest of Europe: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.3.12.3. Rest of Europe: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4. Asia Pacific 10.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.4.2. Asia Pacific: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.3. Asia Pacific: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.4. Asia Pacific: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.5. CHINA 10.4.5.1. China: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.5.2. China: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.5.3. China: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.6. JAPAN 10.4.6.1. Japan: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.6.2. Japan: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.6.3. Japan: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.7. INDIA 10.4.7.1. India: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.7.2. India: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.7.3. India: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.8. SOUTH KOREA 10.4.8.1. South Korea: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.8.2. South Korea: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.8.3. South Korea: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.9. THAILAND 10.4.9.1. Thailand: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.9.2. Thailand: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.9.3. Thailand: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.10. INDONESIA 10.4.10.1. Indonesia: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.10.2. Indonesia: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.10.3. Indonesia: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.11. MALAYSIA 10.4.11.1. Malaysia: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.11.2. Malaysia: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.11.3. Malaysia: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.12. AUSTRALIA 10.4.12.1. Australia: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.12.2. Australia: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.12.3. Australia: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.4.13. REST FO ASIA PACIFIC 10.4.13.1. Rest fo Asia Pacific: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.4.13.2. Rest fo Asia Pacific: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.4.13.3. Rest fo Asia Pacific: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.5. South America 10.5.1. South America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.5.2. South America: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.5.3. South America: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.5.4. South America: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.5.5. BRAZIL 10.5.5.1. Brazil: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.5.5.2. Brazil: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.5.5.3. Brazil: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.5.6. ARGENTINA 10.5.6.1. Argentina: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.5.6.2. Argentina: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.5.6.3. Argentina: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.5.7. REST OF SOUTH AMERICA 10.5.7.1. Rest of South America: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.5.7.2. Rest of South America: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.5.7.3. Rest of South America: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.6. Middle East & Africa 10.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.6.2. Middle East & Africa: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.6.3. Middle East & Africa: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.6.4. Middle East & Africa: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.6.5. SAUDI ARABIA 10.6.5.1. Saudi Arabia: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.6.5.2. Saudi Arabia: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.6.5.3. Saudi Arabia: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.6.6. UAE 10.6.6.1. UAE: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.6.6.2. UAE: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.6.6.3. UAE: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.6.7. EGYPT 10.6.7.1. Egypt: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.6.7.2. Egypt: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.6.7.3. Egypt: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.6.8. SOUTH AFRICA 10.6.8.1. South Africa: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.6.8.2. South Africa: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.6.8.3. South Africa: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) 10.6.9. REST OF MIDDLE EAST & AFRICA 10.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Channel, 2021 – 2034 ($ Million) 10.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Type, 2021 – 2034 ($ Million) 10.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By Service, 2021 – 2034 ($ Million) CHAPTER 12. Competitive Landscape 12.1. Competitior Benchmarking 2021 12.2. Market Share Analysis 12.3. Key Developments Analysis By Top 5 Companies 12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players CHAPTER 13. Company Profiles 13.1. Adecco Staffing 13.1.1. Business Overview 13.1.2. Financial Analysis 13.1.2.1. Business Segment Revenue, 2020, 2021, 2022, $ Million 13.1.2.2. Geographic Revenue Mix, 2022 (% Share) 13.1.3. Product Portfolio 13.1.4. Recent Development and Strategies Adopted 13.1.5. SWOT Analysis 13.2. Allegis Group 13.3. HAYS PLC 13.4. Insperity 13.5. Kelly Services Inc 13.6. Manpower Group 13.7. Randstad Holding NV 13.8. Recruit Holdings Co 13.9. Temp Holdings Co 13.10. Genie AI Ltd
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