Report : Middle East and Africa Online Recruitment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Job Type (Permanent and Part-Time) and Application (Finance, Sales and
IT Segment to Dominate MEA Online Recruitment Market during 2020–2028
According to a new market research study on “MEA Online Recruitment Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Job Type and Application,” is expected to reach US$ 2,512.43 million by 2028 from US$ 1,939.15 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The report provides trends prevailing in the MEA online recruitment market along with the drivers and restraints pertaining to the market growth. Fusion of Artificial Intelligence (AI) in recruitment are the major factor driving the growth of the MEA online recruitment market. However, common obstacles faced in online recruitment hinder the growth of MEA online recruitment market.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia's economy shrank by 7% in the Q2 2020, and unemployment reached a new high of 15.4% in the country during the same period. According to the General Authority for Statistics, both the private and public sectors experienced negative growth rates of 10.1% and 3.5%, respectively. These adversities have significantly contributed to the unemployment across the Middle East, thereby negatively impacting the online recruitment market performance. Similarly, in Q4 2020, South Africa's unemployment rate reached a new peak of 32.5%, implying that 7.2 million people were unemployed. However, with the slowly fading effect of COVID-19 across the MEA, leading to the normalization of the industries, the demand for skilled employees is also on rise, which is rising the demand for online recruitment across the region thereby, maintaining the social distancing rules of the government.
The MEA 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 MEA 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 MEA online recruitment market.
Info Edge (India) Ltd. (naukri.com); itForte; LinkedIn Corporation; SH Inc; StepStone GmbH; SH Inc; are among the leading companies in the MEA 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 MEA Online Recruitment Market as follows:
MEA Online Recruitment Market – By Job Type
MEA Online Recruitment Market – By Application
- Sales and Marketing
MEA Online Recruitment Market – By Country
- South Africa
- Saudi Arabia
- Rest of MEA
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