The online recruitment market in Europe is expected to grow from US$ 7,384.59 million in 2021 to US$ 12,656.76 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
The UK, Germany, and Russia are major economies in Europe. Digitalization of all business processes including recruitment are the major factor driving the growth of the Europe online recruitment market. Digital transformation is changing how businesses work (internal) or communicate with their customers (external). However, in most situations, digital transformation entails purchasing software and data technologies such as recruiting solutions and online recruitment channels, to reduce or remove administrative activities and improve operational performance within and across departments and hiring teams. There are various benefits of digitalization or shifting to the online mode of recruitment such as:Better productivity and time efficiency: In a variety of ways, online recruiting aids in the speeding up of everyday hiring procedures. Companies can automate administrative tasks such as keeping track of applicant paperwork or arranging interviews. Online recruiters use applicant tracking system (ATS) solutions to screen candidates quickly since the ATS stores all of the requisite candidate data in one location. They will not have to read a resume before moving on to the candidate's cover letter, portfolio, or appraisal because it will be on the same page. Recruiters are not the only ones that profit from online recruitment systems. Candidates can also apply quickly since the processes include auto-filling application forms and one-click apply buttons. Other factors promoting the digitalization are improved candidate analysis and access to vast number of applicants, among others. The above-mentioned factors are promoting the digitalization in recruitment process among companies across the globe, thereby fueling the growth of the online recruitment market, which is further anticipated to drive the market in Europe.In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare systems. According to a new study from Eurostat, the European Union's statistical office, the unemployment rate remained relatively constant from September to December in 2020, with an annual increase of 7.5% percent in 2020 compared to that of 6.5% in 2019. According to a Eurostat report In December 2020, 16 million men and women were unemployed, which indicates a surge of 2 million over that in the previous year. This had a negative impact on the European online recruitment market. However, with the declining COVID-19 cases across the country on average as well as manufacturing units, hospitality sector, and retail stores resuming their normal course of business have propelled the demand for employees across the European countries. This has led to the increase in recruitment across the region in many industries, thereby bolstering the online recruitment market growth
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Europe Online Recruitment Market Segmentation
Europe Online Recruitment Market – By Job Type
- Permanent
- Part-Time
Europe Online Recruitment Market – By Application
- Finance
- Sales and Marketing
- Engineering
- IT
- Others
Europe Online Recruitment Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Online Recruitment Market -Companies Mentioned
- Info Edge (India) Ltd. (naukri.com)
- iPlaceUSA, Inc.
- itForte
- LinkedIn Corporation
- SH Inc
- StepStone GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Job Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Online Recruitment Market – By Job Type
1.3.2 Online Recruitment Market – By Application
1.3.3 Online Recruitment Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Online Recruitment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Online Recruitment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Combination of Technologies in Online Recruitment
5.1.2 Digitalization of All Business Processes Including Recruitment
5.2 Market Restraints
5.2.1 Common Worries Faced in Online Recruitment
5.3 Market Opportunities
5.3.1 Emulsion of Artificial Intelligence (AI) in Recruitment
5.4 Future Trends
5.4.1 Initiation of Fully Remote Companies and Social Media Recruiting
5.5 Impact Analysis of Drivers and Restraints
6. Online Recruitment Market – Europe Analysis
6.1 Europe Online Recruitment Market Overview
6.2 Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Online Recruitment Market Analysis – By Job Type
7.1 Overview
7.2 Europe Online Recruitment Market, By Job Type (2020 and 2028)
7.3 Permanent
7.3.1 Overview
7.3.2 Permanent: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Part-Time
7.4.1 Overview
7.4.2 Part-Time: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Online Recruitment Market Analysis – By Application
8.1 Overview
8.2 Europe Online Recruitment Market, By Application (2020 and 2028)
8.3 Finance
8.3.1 Overview
8.3.2 Finance: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Sales and Marketing
8.4.1 Overview
8.4.2 Sales and Marketing: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Engineering
8.5.1 Overview
8.5.2 Engineering: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.6 IT
8.6.1 Overview
8.6.2 IT: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Online Recruitment Market – Country Analysis
9.1 Overview
9.1.1 Europe: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 Europe: Online Recruitment Market, by Key Country
9.1.2.1 Germany: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Germany: Online Recruitment Market, by Job Type
9.1.2.1.2 Germany: Online Recruitment Market, by Application
9.1.2.2 France: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 France: Online Recruitment Market, by Job Type
9.1.2.2.2 France: Online Recruitment Market, by Application
9.1.2.3 Italy: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Italy: Online Recruitment Market, by Job Type
9.1.2.3.2 Italy: Online Recruitment Market, by Application
9.1.2.4 UK: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 UK: Online Recruitment Market, by Job Type
9.1.2.4.2 UK: Online Recruitment Market, by Application
9.1.2.5 Russia: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Russia: Online Recruitment Market, by Job Type
9.1.2.5.2 Russia: Online Recruitment Market, by Application
9.1.2.6 Rest of Europe: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of Europe: Online Recruitment Market, by Job Type
9.1.2.6.2 Rest of Europe: Online Recruitment Market, by Application
10. Impact of COVID-19 Pandemic on Europe Online Recruitment Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Merger and Acquisition
11.2 New Development
12. Company Profiles
12.1 iPlaceUSA, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 itForte
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Info Edge (India) Ltd. (naukri.com)
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LinkedIn Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SH Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 StepStone GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Online Recruitment Market Segmentation
Figure 2. Europe Online Recruitment Market Segmentation – By Country
Figure 3. Europe Online Recruitment Market Overview
Figure 4. Permanent Job Type Segment held the Largest Share of Europe Online Recruitment Market
Figure 5. IT Segment held the Largest Share of Europe Online Recruitment Market
Figure 6. Germany to Show Great Traction During Forecast Period
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Online Recruitment Software Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Online Recruitment Market Revenue Share, by Job Type (2020 and 2028)
Figure 12. Permanent: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Part-Time: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Online Recruitment Market Revenue Share, by Application (2020 and 2028)
Figure 15. Finance: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Sales and Marketing: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Engineering: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. IT: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Europe Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Online Recruitment Market – Revenue by Country To 2028 (US$ Million)
Figure 21. Europe: Online Recruitment Market Revenue Share, By Key Country (2020 and 2028)
Figure 22. Germany: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. France: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Italy: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. UK: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Russia: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Rest of Europe: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic on Market in European Countries
- Info Edge (India) Ltd. (naukri.com)
- iPlaceUSA, Inc.
- itForte
- LinkedIn Corporation
- SH Inc
- StepStone GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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