Online Recruitment Technology Market Size Worth $46.72 Billion By 2032 | CAGR: 15.3%

The global online recruitment technology market size is expected to reach USD 46.72 billion by 2032, according to a new study by Polaris Market Research. The report “Online Recruitment Technology Market Share, Size, Trends, Industry Analysis Report, By Technology Type (Chatbot, Candidate Relationship Management Platform, Application Tracking System, and Video Interviewing); By Job Type; By Enterprise Size; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The drastic growth in the opportunities for employment across almost every field and industry and growing awareness among businesses regarding the use of artificial intelligence and other advanced technologies in their hiring procedures, along with the development and launch of new, more innovative online recruitment platforms, are among the key factors fostering the global market growth.

For instance, in December 2023, RedNevada.AI, a leading provider of AI-enabled software, introduced RAI, the most comprehensive and advanced recruitment and resourcing solution available in the market. It helps hiring managers save a huge amount of time from manual hiring processes and allows them to concentrate on other HR projects.

Additionally, the rising penetration of social media and internet usage has changed the way businesses look at their hiring processes and focus on its usage as an effective marketing and hiring method for top talent, which has led to significant adoption of these platform solutions globally.

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Furthermore, online recruitment has created a massive leap in the history of recruitment, as it has been an excellent and convenient way of finding the most suitable applicants for companies desirous of filling vacancies in their organizations. Because online recruitments have benefits for both job seekers and employers like wider scope, time-saving, cost-saving, advertising benefits, a larger number of opportunities, quick responses, and wider geographic search, among others, their adoption worldwide has grown drastically in recent years.

In recent years, online recruitment has become significantly easier and less burdensome as it eliminates the need to send individual emails and get on the phone calls that require a considerable amount of time. Now, companies are bringing innovations like modern hiring software that allow us to send mass personalized messages and shortlist the best suitable candidates seamlessly, which results in cost-efficiency and a faster hiring process.  

Online Recruitment Technology Market Report Highlights

• The candidate relationship management platform segment led the market, on account of its widespread adoption among businesses to find the best relevant candidates
• The technical/engineering segment held the majority market share, which is driven by a rapid boost in the number of job openings in the IT field over the years
• Small and medium-sized enterprises segment will grow at the fastest pace, mainly due to their inclination towards technology-based solutions for different processes
• North America dominated the global market with a notable share, owing to the region’s significant investment in the development of advanced online recruitment solutions
• The key market players include BambooHR LLC, Avature, ABC Consultants, Multi Recruit, SH Inc., TalenTECH Solutions, and Info Edge

Polaris Market Research has segmented the online recruitment technology market report based on technology type, job type, enterprise size, and region:

Online Recruitment Technology, Technology Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Chatbot
• Candidate Relationship Management Platform
• Application Tracking System
• Video Interviewing

Online Recruitment Technology, Job Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Accounting/Financing
• Secretarial/Clerical Computing
• Technical/Engineering
• Hotel/Catering
• Sales/Marketing
• Others

Online Recruitment Technology, Enterprise Size Outlook (Revenue - USD Billion, 2019 - 2032)

• Small and Medium-sized Enterprises
• Large Enterprises

Online Recruitment Technology, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Online Recruitment Technology Market Report Scope