IDC Identifies Greater China as Potential Gold Mine for eRecruiting Firms

Greater China's eRecruiting Market Will Generate $500 Million by 2004



Apr 17, 2001, 01:00 ET from IDC

    FRAMINGHAM, Mass., April 17 /PRNewswire/ -- If you're a recruiter looking
 for a golden opportunity, IDC says you should head east -- Far East.
 According to the global market intelligence and advisory firm, Greater China
 -- China, Hong Kong, and Taiwan -- represent a gold mine of untapped
 opportunity for the erecruiting market.
     "Several factors in addition to the region's large population contribute
 to our belief that online executive search firms, online job boards, Internet
 media and services firms, and niche recruitment sites have an excellent
 opportunity to increase their business in Greater China," said Ellen Julian,
 director of Career and Learning Services at IDC. "Like in other rapidly
 developing markets, enterprises in Greater China are experiencing a shortage
 of high-level managers and skilled individuals in a variety of vertical
 industries and occupations.  These factors, combined with a loosening of
 government restrictions on the Internet market, make the region ripe for
 erecruiting."
     IDC estimates erecruiting in Greater China will generate nearly US$500
 million by 2004 -- remarkable considering the market was under US$5 million in
 1999.
     Seizing this opportunity won't be without its challenges, however.
 According to IDC, Taiwanese and Chinese Internet users strongly prefer to surf
 the Web in their native languages.  "Recruiting sites in these countries that
 aren't steeped in local language and culture will face an uphill battle,"
 warned Christopher Boone, an analyst for IDC's eRecruiting research program.
 "Also, the soft Internet advertising climate can be seen as a serious
 inhibitor of online recruitment Web sites in Greater China, which receive a
 large portion of their revenue from advertising."
     Nevertheless, IDC is optimistic about erecruiting's potential in Greater
 China. "In the short term, job seekers and employers will be drawn to the
 Internet as a resource for recruiting. Longer term, they will be drawn to the
 Internet as a source of career management activities," Boone said.
     IDC recently published The eRecruiting Market in Greater China: Forecast
 and Analysis, 2000-2004 (IDC #B24222). This report forecasts revenue in
 Greater China's erecruiting market through 2004, segmented by the following
 countries: China, Hong Kong, and Taiwan. Regional trends in each country are
 examined. Overall market drivers and inhibitors are discussed in detail.
 Additionally, the report includes a listing of executive search firms,
 Internet media and services firms, online job boards, and targeted specialty
 sites that currently serve the market.
     To purchase this report, contact Jim Nagle at 1-800-343-4952, extension
 4549, or at jnagle@idc.com.
 
     About IDC
     IDC is the foremost global market intelligence and advisory firm helping
 clients gain insight into technology and ebusiness trends to develop sound
 business strategies. Using a combination of rigorous primary research, in-
 depth analysis, and client interaction, IDC forecasts worldwide markets and
 trends to deliver dependable service and client advice. More than 700 analysts
 in 43 countries provide global research with local content. IDC's customers
 comprise the world's leading IT suppliers, IT organizations, ebusiness
 companies and the financial community. Additional information can be found at
 www.idc.com.
     IDC is a division of IDG, the world's leading IT media, research and
 exposition company.
     All product and company names may be trademarks or registered trademarks
 of their respective holders.
 
 

SOURCE IDC
    FRAMINGHAM, Mass., April 17 /PRNewswire/ -- If you're a recruiter looking
 for a golden opportunity, IDC says you should head east -- Far East.
 According to the global market intelligence and advisory firm, Greater China
 -- China, Hong Kong, and Taiwan -- represent a gold mine of untapped
 opportunity for the erecruiting market.
     "Several factors in addition to the region's large population contribute
 to our belief that online executive search firms, online job boards, Internet
 media and services firms, and niche recruitment sites have an excellent
 opportunity to increase their business in Greater China," said Ellen Julian,
 director of Career and Learning Services at IDC. "Like in other rapidly
 developing markets, enterprises in Greater China are experiencing a shortage
 of high-level managers and skilled individuals in a variety of vertical
 industries and occupations.  These factors, combined with a loosening of
 government restrictions on the Internet market, make the region ripe for
 erecruiting."
     IDC estimates erecruiting in Greater China will generate nearly US$500
 million by 2004 -- remarkable considering the market was under US$5 million in
 1999.
     Seizing this opportunity won't be without its challenges, however.
 According to IDC, Taiwanese and Chinese Internet users strongly prefer to surf
 the Web in their native languages.  "Recruiting sites in these countries that
 aren't steeped in local language and culture will face an uphill battle,"
 warned Christopher Boone, an analyst for IDC's eRecruiting research program.
 "Also, the soft Internet advertising climate can be seen as a serious
 inhibitor of online recruitment Web sites in Greater China, which receive a
 large portion of their revenue from advertising."
     Nevertheless, IDC is optimistic about erecruiting's potential in Greater
 China. "In the short term, job seekers and employers will be drawn to the
 Internet as a resource for recruiting. Longer term, they will be drawn to the
 Internet as a source of career management activities," Boone said.
     IDC recently published The eRecruiting Market in Greater China: Forecast
 and Analysis, 2000-2004 (IDC #B24222). This report forecasts revenue in
 Greater China's erecruiting market through 2004, segmented by the following
 countries: China, Hong Kong, and Taiwan. Regional trends in each country are
 examined. Overall market drivers and inhibitors are discussed in detail.
 Additionally, the report includes a listing of executive search firms,
 Internet media and services firms, online job boards, and targeted specialty
 sites that currently serve the market.
     To purchase this report, contact Jim Nagle at 1-800-343-4952, extension
 4549, or at jnagle@idc.com.
 
     About IDC
     IDC is the foremost global market intelligence and advisory firm helping
 clients gain insight into technology and ebusiness trends to develop sound
 business strategies. Using a combination of rigorous primary research, in-
 depth analysis, and client interaction, IDC forecasts worldwide markets and
 trends to deliver dependable service and client advice. More than 700 analysts
 in 43 countries provide global research with local content. IDC's customers
 comprise the world's leading IT suppliers, IT organizations, ebusiness
 companies and the financial community. Additional information can be found at
 www.idc.com.
     IDC is a division of IDG, the world's leading IT media, research and
 exposition company.
     All product and company names may be trademarks or registered trademarks
 of their respective holders.
 
 SOURCE  IDC