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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 Marketing, Engineering, IT, and Others)

Code: TIPRE00023573 | Pages: 72 | Industry: Technology, Media and Telecommunications | Date: Jul 2021
Covid

Market Introduction

The MEA online recruitment market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The Middle East & Africa is a robust and vast-resource job market. Stability and lucrative compensation packages continue to attract talented individuals willing to work in organizations offering growth opportunities. HR continuously provides pragmatic solutions to the government and private employers’ inherently conflicting goals. In addition, candidate engagement is becoming more important in the efficient fulfillment of job vacancies. Moreover, it is estimated that over 230 million job profiles will require employees with digital skillset by 2030, resulting in nearly 650 million training opportunities, including retraining, as reported in the IFC Digital Skills study in sub-Saharan Africa. The digital skillset is often verified by employers through keen observation of activities on online platforms, which is promoting the adoption of online recruitment in the region. More than 40% of Middle East & African companies in 2015 took a long-time to fulfill job vacancy. The average time taken by them was 2–3 months. However, the advent and adoption of internet across the region not only helped companies to speed up their recruitment process but also attract better talent for the empty positions. With the various online platforms available in the region, companies are now able to search through millions of CVs and extract out the exact candidate required for their job with the help of various filters such as candidate location, skills, and certifications. For instance, Simplify, a company based in Africa, efficiently tracks, screens, and filters applicants with the intuitive applicant management software. With a single click, it automatically posts multiple free and premium job boards, job search engines, and social profiles. This way, the software helps companies hire employees efficiently. The ease provided by automation is creating the demand for online recruitment

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




Market Overview and Dynamics

The online recruitment market in MEA is expected to grow from US$ 1,939.15 million in 2021 to US$ 2,512.43 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.Combination of technologies in online recruitment; Recruiters are constantly using HR automation software in their work. These integrated technology solutions aid in the identification, attraction, engagement, nurturing, and conversion of candidates into applicants. These tools streamline the recruiting process by automating it, making it more effective and quicker. AI is being used by a growing number of companies in their recruiting processes. Various solutions such as applicant tracking software, interviewing software, and candidate relationship management software are enhancing the overall online recruitment processes. To take optimum advantage of online recruitment, recruitment firms are implementing data analytics-driven solutions for their applicant tracking processes. Jobvite unveiled a data science strategy to power its HR product portfolio in January 2020. This program aims to ensure that company recruiters are given the best-fit applicants and that both candidates and recruiters are not wasting time. This data-driven approach combines various algorithms and data sources to cover both enterprise-wide recruiting preferences and employee recruiter preferences. To increase technology adoption in online recruitment processes, recruitment firms are forming several cutting-edge technology alliances. Thus, the above-mentioned factors, coupled with the availability of various recruitment solutions in the market, are influencing the adoption of online recruitment processes, thereby driving the market This is bolstering the growth of the online recruitment market.

Key Market Segments

In terms of job type, the permanent segment accounted for the largest share of the MEA online recruitment market in 2020. In terms of application, the IT segment held a larger market share of the online recruitment market in 2020. Further, the energy & power segment held a larger share of the market based on end user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the online recruitment market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Info Edge (India) Ltd. (naukri.com); itForte; LinkedIn Corporation; SH Inc; StepStone GmbH; SH Inc; are among a few players operating in the MEA online recruitment market.

 

Reasons to buy report

  • To understand the MEA online recruitment market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA online recruitment market
  • Efficiently plan M&A and partnership deals in MEA online recruitment market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA online recruitment market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEAONLINE RECRUITMENT MARKETSEGMENTATION
MEA Online Recruitment Market – By Job Type

  • Permanent
  • Part-Time

 

MEA Online Recruitment Market – By Application

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

 

 

MEA Online Recruitment Market – By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

    

MEA Online Recruitment Market -Companies Mentioned

  • Info Edge (India) Ltd. (naukri.com)
  • itForte
  • LinkedIn Corporation
  • SH Inc
  • StepStone GmbH
 

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.             MEA Online Recruitment Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        MEA

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             MEA 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 Obstacles Faced in Online Recruitment

5.3       Market Opportunities

5.3.1        Fusion of Artificial Intelligence (AI) in Recruitment

5.4       Future Trends

5.4.1        Rise of Fully Remote Companies and Social Media Recruiting

5.5       Impact Analysis of Drivers and Restraints

6.             Online Recruitment Market – MEA Analysis

6.1       MEA Online Recruitment Market Overview

6.2       MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

7.             MEA Online Recruitment Market Analysis – By Job Type

7.1       Overview

7.2       MEA Online Recruitment Market, By Job Type (2020 and 2028)

7.3       Permanent

7.3.1        Overview

7.3.2        Permanent: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

7.4       Part-Time

7.4.1        Overview

7.4.2        Part-Time: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

8.             MEA Online Recruitment Market Analysis – By Application

8.1       Overview

8.2       MEA Online Recruitment Market, By Application (2020 and 2028)

8.3       Finance

8.3.1        Overview

8.3.2        Finance: MEA 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: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

8.5       Engineering

8.5.1        Overview

8.5.2        Engineering: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

8.6       IT

8.6.1        Overview

8.6.2        IT: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

8.7       Others

8.7.1        Overview

8.7.2        Others: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

9.             MEA Online Recruitment Market – Country Analysis

9.1       Overview

9.1.1        MEA: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2        MEA: Online Recruitment Market, by Key Country

9.1.2.1      South Africa: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1.1       South Africa: Online Recruitment Market, by Job Type

9.1.2.1.2       South Africa: Online Recruitment Market, by Application

9.1.2.2      Saudi Arabia: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.2.1       Saudi Arabia: Online Recruitment Market, by Job Type

9.1.2.2.2       Saudi Arabia: Online Recruitment Market, by Application

9.1.2.3      UAE: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.1       UAE: Online Recruitment Market, by Job Type

9.1.2.3.2       UAE: Online Recruitment Market, by Application

9.1.2.4      Rest of MEA: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.4.1       Rest of MEA: Online Recruitment Market, by Job Type

9.1.2.4.2       Rest of MEA: Online Recruitment Market, by Application

10.          Impact of COVID-19 Pandemic on MEA Online Recruitment Market

10.1    Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Merger and Acquisition

11.2    New Development

12.          Company Profiles

12.1    itForte

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    Info Edge (India) Ltd. (naukri.com)

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    LinkedIn Corporation

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    SH Inc.

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    StepStone GmbH

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

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

Table 1.             MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             South Africa: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028  (US$ Million)

Table 3.             South Africa: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Saudi Arabia: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Saudi Arabia: Online Recruitment Market, by Application –Revenue and Forecast to 2028  (US$ Million)

Table 6.             UAE: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             UAE: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Rest of MEA: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Rest of MEA: Online Recruitment Market, by Application –Revenue and Forecast to 2028 US$ Million)

Table 10.              List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Online Recruitment Market Segmentation

Figure 2.           MEA Online Recruitment Market Segmentation – By Country

Figure 3.           MEA Online Recruitment Market Overview

Figure 4.           Permanent Job Type Segment held the Largest Share of MEA Online Recruitment Market

Figure 5.           IT Segment held the Largest Share of MEA Online Recruitment Market

Figure 6.           UAE to Show Great Traction During Forecast Period

Figure 7.           MEA: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           MEA Online Recruitment Software Market: Impact Analysis of Drivers and Restraints

Figure 10.        MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        MEA Online Recruitment Market Revenue Share, by Job Type (2020 and 2028)

Figure 12.        Permanent: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Part-Time: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        MEA Online Recruitment Market Revenue Share, by Application (2020 and 2028)

Figure 15.        Finance: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Sales and Marketing: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Engineering: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        IT: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Others: MEA Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        MEA: Online Recruitment Market – Revenue by Country To 2028 (US$ Million)

Figure 21.        MEA: Online Recruitment Market Revenue Share, By Key Country (2020 and 2028)

Figure 22.        South Africa: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23.        Saudi Arabia: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24.        UAE: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 25.        Rest of MEA: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic on Market in Middle East and African Countries

  1. Info Edge (India) Ltd. (naukri.com)
  2. itForte
  3. LinkedIn Corporation
  4. SH Inc
  5. StepStone GmbH
  • To understand the MEA online recruitment market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA online recruitment market
  • Efficiently plan M&A and partnership deals in MEA online recruitment market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA online recruitment market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region

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