Asia Pacific Online Recruitment Market is expected to reach US$ 12,467.50 Mn by 2028

Permanent Segment to Dominate APAC Online Recruitment Market during 2020–2028

According to a new market research study on “APAC Online Recruitment Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Job Type and Application,” is expected to reach US$ 12,467.50 million by 2028 from US$ 6,825.11 million in 2021. The market is estimated to grow at a CAGR of 9.0% from 2021 to 2028. The report provides trends prevailing in the APAC online recruitment market along with the drivers and restraints pertaining to the market growth. Integration of technologies in online recruitment are the major factor driving the growth of the APAC online recruitment market. However, common difficulties faced in online recruitment hinder the growth of APAC online recruitment market.

The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. Many global brands and technological companies are headquartered in the region. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. The COVID-19 pandemic, according to the Asia–Pacific Employment and Social Outlook 2020, would have wiped out 81 million workers by 2020. As per the quarterly data available for 2020, employment levels fell in virtually all economies, compared to those in 2019. Working hours in Asia and the Pacific countries fell by 15.2% in the second quarter and 10.7% in the third quarter of 2020, compared to pre-crisis levels. Working-hour losses are also contributed to the fact that millions of people left the labor force or lost their jobs due to plummeted growth of enterprises. Thus, the online recruitment providers experienced adversely effects in APAC countries during the first three quarters of 2020. However, with the gradual opening of economic activity across the region, the demand for skilled workforce has begun to rise across all industries from the end of 2020, thereby contributing to the rise in demand of online recruitment across the region.

The APAC online recruitment market is segmented into job type, application, and country. In terms of job type, the online recruitment market is bifurcated into part-time, permanent. In 2020, the permanent segment held the largest share APAC online recruitment market. Based on application, the online recruitment market is categorized into finance, sales and marketing, engineering, IT, others. In 2020, the IT segment held the largest share APAC online recruitment market. 

ABC Consultants; Glassdoor, Inc.; Info Edge (India) Ltd. (naukri.com); iPlaceUSA, Inc.; itForte; LinkedIn Corporation; Multi Recruit; SH Inc; StepStone GmbH; TalenTECH Solutions Pvt Ltd (Hiring Plug);  are among the leading companies in the APAC online recruitment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, LinkedIn launched a new product to assist employers in managing candidate sourcing, interviewing, and hiring. LinkedIn is also experimenting with how it can assist businesses in improving their diversity by allowing recruiters to assess the gender proportions in a pool of candidates.

The report segments the APAC Online Recruitment Market as follows:

APAC Online Recruitment Market – By Job Type

• Permanent
• Part-Time

APAC Online Recruitment Market – By Application

• Finance
• Sales and Marketing
• Engineering
• IT
• Others

APAC Online Recruitment Market – By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC