North America Staffing and Recruitment Market Forecast to 2030 - Regional Analysis - by Staffing Type (Permanent and Temporary), Recruitment Channel (Online, Hybrid, and Offline), and End User (IT and Telecom, BFSI, Healthcare, Retail and E-Commerce, and Others)

BMIRE00030285 | Pages: 85 | Technology, Media and Telecommunications | Jun 2024 | Type: Regional | Status: Published

The North America staffing and recruitment market is expected to grow from US$ 2,54,120.96 million in 2022 to US$ 6,13,063.00 million by 2030. It is estimated to record a CAGR of 11.6% from 2022 to 2030.

Huge Job Opportunities in BFSI and IT Sectors Fuel North America Staffing and Recruitment Market

The BFSI and IT industry at global level is growing at an unprecedented pace. According to The World Bank data, small and medium enterprises (SMEs) play a major contributor to job creation and global economic development. It represents around 90% of businesses and over 50% of employment worldwide. According to the same source, by 2030, SMEs will create approximately 600 million jobs, due to government initiatives & support to expand the private sector. The growth in SME sector has made a significant impact on economic growth, which is essential for sustainable development. SMEs help to create jobs, generate income, and promote innovation by providing opportunities for entrepreneurship and innovation, which increases business productivity and economic growth. The expansion of SMEs is generating more job opportunities in the economy. These factors are projected to fuel the market in the near future. Within the BFSI industry, technology accounts for about a third of all new jobs, owing to increasing demand for development, IT management, and IT analyst roles. According to Project Management Institute, Inc., vast vacancy for project management positions is expected to open in the coming years, and nearly 2.3 million employees are needed to fill all of the project management-oriented positions each year. Companies are focusing on hiring problem solvers and relationship builders for delivering strategic value by remain competitive in the market, which require staffing and recruitment professionals to fulfil these positions. The rapid digitalization is also one of biggest drivers increasing demand for project professionals. Such an increase in job opportunities in the information technology sectors is propelling the need for staffing & recruitment solutions.

North America Staffing and Recruitment Market Overview

The US, Canada, and Mexico are the major contributors to the North America staffing and recruitment market. North America is a leading region in terms of developing and accepting new, advanced technologies. The staffing and recruitment industry is projected to increase significantly due to the presence of various human resource management (HRM) solution providers. Businesses in the US are focusing on enhancing employee's efficiency and productivity by implementing HRM (human resource management) solutions in numerous activities such as payroll, time & attendance, and talent management, which fuels the market. Cloud-based solutions offer robust processing and ease of accessing the software for employers. According to Glassdoor, each job opening gets more than 250 applications. The use of AI-based intelligent algorithms supports employers in filtering the candidate's profiles that match closely to the job descriptions. The rising adoption of new technologies such as AI, cloud, and automation by small & medium size enterprises (SMEs) and other employers is boosting the global staffing and recruitment market in the region.

North America Staffing and Recruitment Market Revenue and Forecast to 2030 (US$ Million)

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North America Staffing and Recruitment Market Segmentation

The North America staffing and recruitment market is segmented into staffing type, recruitment channel, end user, and country.

Based on staffing type, the North America staffing and recruitment Market is bifurcated into permanent and temporary. The permanent segment held a larger share of the North America staffing and recruitment market in 2022.

In terms of recruitment channel, the North America staffing and recruitment market is categorized into online, hybrid, and offline. The online segment held the largest share of the North America staffing and recruitment market in 2022.

By end user, the North America staffing and recruitment Market is categorized into IT and telecom, BFSI, healthcare, retail and E-Commerce, and others. The IT and telecom segment held the largest share of the North America staffing and recruitment market in 2022.

Based on country, the North America staffing and recruitment market is segmented into the US, Canada, and Mexico. The US dominated North America staffing and recruitment market in 2022.

Adecco Group AG, Alliance Recruitment Agency, Brunel International NV, Hays Plc, Korn Ferry, Medacs Global Group Ltd, Morgan Philips Group SA, NES Fircroft, and Randstad NV are some of the leading companies operating in the North America staffing and recruitment market.

Table of Content

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Staffing and Recruitment Market Landscape

4.1 Overview

4.2 Ecosystem Analysis

4.2.1 List of Vendors in Value Chain

5. North America Staffing and Recruitment Market - Key Industry Dynamics

5.1 North America Staffing and Recruitment Market - Key Industry Dynamics

5.2 Market Drivers

5.2.1 Huge Job Opportunities in BFSI and IT Sectors

5.2.2 Rise in Youth Population

5.3 Market Restraints

5.3.1 Lack of Qualified Job Seekers

5.4 Market Opportunities

5.4.1 Growing adoption of Remote Working and Hybrid Business Model Across the Globe

5.5 Future Trends

5.5.1 Automation and AI-Driven Recruitment

5.6 Impact of Drivers and Restraints:

6. Staffing and Recruitment Market - North America Market Analysis

6.1 North America Staffing and Recruitment Market Revenue (US$ Million), 2020 - 2030

6.2 North America Staffing and Recruitment Market Forecast and Analysis

7. North America Staffing and Recruitment Market Analysis - Staffing Type

7.1 Temporary

7.1.1 Overview

7.1.2 Temporary: Market Revenue and Forecast to 2030 (US$ Million)

7.2 Permanent

7.2.1 Overview

7.2.2 Permanent: Market Revenue and Forecast to 2030 (US$ Million)

8. North America Staffing and Recruitment Market Analysis - Recruitment Channel

8.1 Online

8.1.1 Overview

8.1.2 Online: Market Revenue and Forecast to 2030 (US$ Million)

8.2 Hybrid

8.2.1 Overview

8.2.2 Hybrid: Market Revenue and Forecast to 2030 (US$ Million)

8.3 Offline

8.3.1 Overview

8.3.2 Offline: Market Revenue and Forecast to 2030 (US$ Million)

9. North America Staffing and Recruitment Market Analysis - End User

9.1 IT and Telecom

9.1.1 Overview

9.1.2 IT and Telecom: Market Revenue and Forecast to 2030 (US$ Million)

9.2 BFSI

9.2.1 Overview

9.2.2 BFSI: Market Revenue and Forecast to 2030 (US$ Million)

9.3 Healthcare

9.3.1 Overview

9.3.2 Healthcare: Market Revenue and Forecast to 2030 (US$ Million)

9.4 Retail & E-Commerce

9.4.1 Overview

9.4.2 Retail & E-Commerce: Market Revenue and Forecast to 2030 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: Market Revenue and Forecast to 2030 (US$ Million)

10. North America Staffing and Recruitment Market - Country Analysis

10.1 North America Staffing and Recruitment Market Overview

10.1.1 North America Staffing and Recruitment Market Breakdown by Country

10.1.1.1 North America Staffing and Recruitment Market Revenue and Forecasts and Analysis - By Country

10.1.1.2 US Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.1.2.1 US Staffing and Recruitment Market Breakdown by Staffing Type

10.1.1.2.2 US Staffing and Recruitment Market Breakdown by Recruitment Channel

10.1.1.2.3 US Staffing and Recruitment Market Breakdown by End User

10.1.1.3 Canada Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.1.3.1 Canada Staffing and Recruitment Market Breakdown by Staffing Type

10.1.1.3.2 Canada Staffing and Recruitment Market Breakdown by Recruitment Channel

10.1.1.3.3 Canada Staffing and Recruitment Market Breakdown by End User

10.1.1.4 Mexico Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)

10.1.1.4.1 Mexico Staffing and Recruitment Market Breakdown by Staffing Type

10.1.1.4.2 Mexico Staffing and Recruitment Market Breakdown by Recruitment Channel

10.1.1.4.3 Mexico Staffing and Recruitment Market Breakdown by End User

11. Competitive Landscape

11.1 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger and Acquisition

13. Company Profiles

13.1 Adecco Group AG

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Alliance Recruitment Agency

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Brunel International NV

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Hays Plc

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Korn Ferry

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Medacs Global Group Limited

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Morgan Philips Group SA

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 NES Fircroft

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Randstad NV

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

 

 

 

List of Tables

Table 1. North America Staffing and Recruitment Market Segmentation

Table 2. North America Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million)

Table 3. North America Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million) - Type

Table 4. North America Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million) -Recruitment Channel

Table 5. North America Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million) - End User

Table 6. North America Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Country

Table 7. US Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type

Table 8. US Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel

Table 9. US Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User

Table 10. Canada Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type

Table 11. Canada Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel

Table 12. Canada Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User

Table 13. Mexico Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type

Table 14. Mexico Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel

Table 15. Mexico Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User

Table 16. Company Positioning & Concentration

Table 17. List of Abbreviation

 

List of Figures

Figure 1. North America Staffing and Recruitment Market Segmentation, By Country

Figure 2. Ecosystem: North America Staffing and Recruitment Market

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. North America Staffing and Recruitment Market Revenue (US$ Million), 2020 - 2030

Figure 5. North America Staffing and Recruitment Market Share (%) - Staffing Type, 2022 and 2030

Figure 6. Temporary: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 7. Permanent: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 8. North America Staffing and Recruitment Market Share (%) - Recruitment Channel, 2022 and 2030

Figure 9. Online: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 10. Hybrid: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 11. Offline: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 12. Staffing and Recruitment Market Share (%) - End User, 2022 and 2030

Figure 13. IT and Telecom: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 14. BFSI: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 15. Healthcare: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 16. Retail & E-Commerce: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 17. Others: Market Revenue and Forecasts to 2030 (US$ Million)

Figure 18. Staffing and Recruitment Market Revenue by key Country - Revenue (2022) (US$ Mn)

Figure 19. Staffing and Recruitment Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 20. US Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)

Figure 21. Canada Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)

Figure 22. Mexico Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)

1. Adecco Group AG

2. Alliance Recruitment Agency

3. Brunel International NV

4. Hays Plc

5. Korn Ferry

6. Medacs Global Group Ltd

7. Morgan Philips Group SA

8. NES Fircroft

9. Randstad NV

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America staffing and recruitment market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in North America staffing and recruitment market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
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