Report : Europe On-Demand Staffing Platform Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Small and Medium Enterprises and Large Enterprises)
At 15.3% CAGR, the Europe On-Demand Staffing Platform Market is speculated to be worth US$ 101.23 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe on-demand staffing platform market was valued at US$ 43.14 million in 2022 and is expected to reach US$ 101.23 million by 2028, registering an annual growth rate of 15.3% from 2022 to 2028. Surge in need for talent acquisition and management and temporary employee recruitment to meet organization needs are the critical factors attributed to the Europe on-demand staffing platform market expansion.
Talent acquisition leaders continually strive for data-driven mindsets and essential technology that enable their organizations to execute the recruitment process. Real-time analytics and insights to analyze the quality and cost of new hires, as well as candidate feedback scores, are closely evaluated. With the advancements in technology and increasingly agile workplaces, organizations are adopting on-demand staffing platforms across several industry verticals. Manually emailing prospects is time consuming and is becoming an unsustainable approach to build relationships with prospective hires and manage the recruitment funnel. In line with this, on-demand staffing platforms tend to eliminate the needless complexity and inefficiency of manual communications by automating the hiring process. Thus, the growing need for talent acquisition and management is driving the Europe on-demand staffing platform market growth.
On the contrary, misconceptions about on-demand employment hurdles the growth of Europe on-demand staffing platform market.
Based on deployment, the Europe on-demand staffing platform market is bifurcated into on-premise and cloud. The cloud segment held 67.2% share of the Europe on-demand staffing platform market in 2022, amassing US$ 28.99 million. It is projected to garner US$ 71.30 million by 2028 to expand at 16.2% CAGR during 2022–2028.
Based on enterprise size, the Europe on-demand staffing platform market is segmented into small and medium enterprises and large enterprises. The large enterprises segment held 62.5% share of the Europe on-demand staffing platform market in 2022, amassing US$ 26.97 million. It is projected to garner US$ 60.54 million by 2028 to expand at 14.4% CAGR during 2022–2028.
Based on country, the Europe on-demand staffing platform market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 22.2% share of the Europe on-demand staffing platform market in 2022. It was assessed at US$ 9.58 million in 2022 and is likely to hit US$ 24.30 million by 2028, exhibiting a CAGR of 16.8% during the forecast period.
Key players profiles in the Europe on-demand staffing platform market report are Appjobs Sweden AB; Hire an Esquire Inc; MyWorkChoice LLC; Snagajob.com Inc; Traba Inc; and Ubeya Technologies Ltd among others.
- Jul-2022, Traba announced that it raised $20 million in a Series A funding round led by Khosla Ventures, with participation from Founders Fund, General Catalyst, SciFi V.C., and Atomic. The startup has raised $23.6 million; Founders Fund and General Catalyst led Traba’s seed round to date.
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