Online Recruitment Technology Market to Experience 15.2% CAGR during 2023-2030; Advanced Features Developed by Key Companies to Bolster Market

The global online recruitment technology market size was USD 10.01 billion in 2022. The market is projected to grow from USD 11.48 billion in 2023 to USD 30.87 billion by 2030, exhibiting a CAGR of 15.2% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Online Recruitment Technology Market Size, Share & COVID-19 Impact Analysis, By Technology Type (Chatbot, Candidate Relationship Management Platform, Application Tracking System, and Video Interviewing (AI-based)), By Job Type (Secretarial/Clerical, Accounting/Financial, Computing, Technical/Engineering, Professional/Managerial, Nursing/Medical/Care, Hotel/Catering, Sales/Marketing, and Other Industrial/Blue Collar), and Regional Forecast, 2023– 2030”.

With more jobs available than ever, there is a huge need for online recruiting platforms to speed up hiring procedures, including resume management, personnel screening, assessment tools, and others. The business is primarily propelled by the widespread outsourcing of conventional workplace hiring procedures to online recruitment platforms. A fresh wave of employment opportunities and a favorable impact on the online recruitment sector have also been brought about by digital transformation and the fourth industrial revolution.

COVID-19 Pandemic to Accelerate Employers' Adoption of Online Recruitment Technology

Businesses are operating remotely within the COVID-19 environment, and they have encouraged their employees to work from home. In order to prevent additional viral transmission, it is important to avoid close contact and keep a social distance. Additionally, to exercise social distance and avoid physical contact to stop the virus from spreading, employers are avoiding face-to-face interviews when hiring new employees. Despite this unpredictability, businesses are experiencing a recession and are looking to reduce expenses to get through these trying times.

Corporations Concentrate on Developing Products with Advanced Features

A new product from SmartRecruiters was introduced in January 2023. It has new features such as zoom integration, the ability to adjust the start date for onboarding, modifications to the interview scheduler, which now supports multi-day scheduling and multi-country posting, support for remote work, and more. The experience of hiring candidates is much improved by this new product.

Exposure to Social Media will Increase Demand for Online Recruitment Technology

The emergence of social networking has transformed how knowledge is shared and created new opportunities for interaction. Exciting potential for the recruitment sector is presented as social networking infrastructure starts to spread and flourish. Social media now play a far larger role in the context of the evolving global corporate environment. Recruiters are aware of the need for more creative approaches to enhancing the business plan by interacting with talent across a wide range of social media platforms. These factors are expected to increase the global market share.

Since not all online recruitment technology firms provide a thorough analysis of data, it might be challenging to ascertain what is effective and how to enhance marketing, which may stifle the online recruitment technology market growth.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/online-recruitment-market-103730

Competitive Landscape

Principal Market Participants Concentrate on Partnerships to Strengthen Market Position

Leading companies in the market are introducing cutting-edge products and implementing cutting-edge technology to provide organizations with effective solutions such as BambooHR LLC, HireVue, Inc., TalentLyft, Recruitee.com, SmartRecruiters, TestGorilla, and others. In contrast, some significant competitors are forming strategic alliances with one another, including Fountain, Avature, Yello, and others to improve their market positions and build powerful brand recognition.

Notable Industry Development:

• June 2022 - SmartRecruiters expanded its global office facility in Northern Europe by opening a regional office. The opening of this new office facility would help the company strengthen its market presence in Denmark, Norway, and Finland.

List of Key Players Profiled in the Report:

• BambooHR LLC (U.S.)


• HireVue, Inc. (U.S.)


• TalentLyft (Croatia)


• Yello (U.S.)


• Fountain (U.S.)


• flair.hr (Germany)


• SmartRecruiters (U.S.)


• Avature (U.K.)


• Recruitee.com (Netherlands)


• TestGorilla (Netherlands)

Further Report Findings:

• The market share for online recruiting technology is dominated by North America, which was valued at USD 4.05 billion in 2022 and is anticipated to hold this position for some time to come. This is a result of SMEs and major businesses adopting digital solutions for online recruitment. In the past few years, the online recruitment business has undergone a number of changes, from the adoption of social media recruiting to the introduction of mobile recruiting platforms, all with the goal of enhancing the recruitment processes for employers and employees in the area.


• Even though the economies of Asia Pacific have grown rapidly in recent years, specific constraints are limiting their ability to create an effective hiring process.


• According to projections, Europe's economy will continue to grow strongly in 2019, which will help to create a good job market with high levels of confidence among employees and employers.

Table of Segmentation