US Online recruitment market to grow by USD 3.17 billion from 2021 to 2026: Innovations in the hiring process to drive growth - Technavio

NEW YORK, March 13, 2023 /PRNewswire/ -- The size of the online recruitment market in US is estimated to increase by USD 3.17 billion from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 6.93%. Innovations in the hiring process are notably driving the online recruitment market growth in US, although factors such as the decline in profitability due to a high level of competition may impede the market growth. Discover some insights on the market before buying the full report - Request a sample report

Online recruitment market in US – Market dynamics

Leading drivers - Recruiters can adopt strategies such as creating a video describing a particular job and information related to the company. They can use tools such as AI to efficiently track the right candidate. AI-based tools can monitor large databases of candidates. Such innovations will propel the growth of the online recruitment market in the US.

Major challenges - The market is becoming fragmented, as new players are entering the market. Large vendors such as LinkedIn, Monster, CareerBuilder, and College Recruiter face intense competition from small vendors, which affects their pricing strategy. It is difficult for a recruiter to offer a single, customized solution. Thus, the high-level competition in the market will reduce the profitability of vendors, which may hamper the growth of the online recruitment market in the US.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Online recruitment market in US – Vendor analysis
Vendor landscape –

The global online recruitment market in US is fragmented, with the presence of several vendors. A few prominent vendors that offer online recruitment services in the US are CareerBuilder LLC, College Recruiter Inc., DHI Group Inc., Future US LLC, Hired, JobHat.com, Jobing.com LLC, Ladders Inc., Microsoft Corp., NationJob Inc., OPTnation, Randstad Holding NV, Recruit Holdings Co. Ltd., Robert Half International Inc., Self Management Group, Snagajob.com Inc., The Select Group LLC, TopUSAJobs.com, and ZipRecruiter Inc. and others.

There is intense competition among vendors to provide improved services. Vendors are focusing on innovation and technological advances to remain competitive in the market in terms of brand, quality, and reliability. Global vendors have a strong foothold in the market due to the extensive range of their flagship products. They are strengthening their customer base by enhancing their product offerings.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor offerings -

• CareerBuilder LLC - The company provides online recruitment for various jobs for top international firms and universities.
• College Recruiter Inc. - The company provides online recruitment for overseas jobs, job consulting, professional writing services, and prep guide for interviews.
• DHI Group Inc. - The company offers online recruitment for various jobs and provides consulting for global locations.
• For details on vendors and their offerings – Request a sample report

Online recruitment market in US - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (employers and job seekers) and application (hospitality, manufacturing, healthcare, BFSI, and others). 

• The employers segment will account for a significant share of the market growth during the forecast period. Online recruitment service providers can be classified into two types, namely job boards and job search engines. They provide recruiters with a platform to post job vacancies and access a large pool of candidates.

For insights on market segments - Download a sample report

Online recruitment market in US –Key trends

The increase in the use of AI-powered searches is a key trend in the market. Search engines provide recruiters with an extensive list of candidates that match their requirements. These search engines can send automated e-mails and notify applicants about the subsequent processes with the help of AI. This can make recruiters more proactive in hiring, determining the cultural fit of candidates, and using data to improve hiring decisions. Thus, the adoption of AI in the recruitment process will augment the growth of the online recruitment market in the US.

What are the key data covered in this report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the online recruitment market in US between 2022 and 2026
• Precise estimation of the size of the online recruitment market in US and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 15: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 22: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 23: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 24: Chart on Comparison by End-user
• Exhibit 25: Data Table on Comparison by End-user

• 5.3 Employers - Market size and forecast 2021-2026
• Exhibit 26: Chart on Employers - Market size and forecast 2021-2026 ($ million)
• Exhibit 27: Data Table on Employers - Market size and forecast 2021-2026 ($ million)
• Exhibit 28: Chart on Employers - Year-over-year growth 2021-2026 (%)
• Exhibit 29: Data Table on Employers - Year-over-year growth 2021-2026 (%)

• 5.4 Job seekers - Market size and forecast 2021-2026
• Exhibit 30: Chart on Job seekers - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Job seekers - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Job seekers - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Job seekers - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by End-user 
• Exhibit 34: Market opportunity by End-user ($ million)

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 35: Chart on Application - Market share 2021-2026 (%)
• Exhibit 36: Data Table on Application - Market share 2021-2026 (%)

• 6.2 Comparison by Application 
• Exhibit 37: Chart on Comparison by Application
• Exhibit 38: Data Table on Comparison by Application

• 6.3 Hospitality - Market size and forecast 2021-2026
• Exhibit 39: Chart on Hospitality - Market size and forecast 2021-2026 ($ million)
• Exhibit 40: Data Table on Hospitality - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Chart on Hospitality - Year-over-year growth 2021-2026 (%)
• Exhibit 42: Data Table on Hospitality - Year-over-year growth 2021-2026 (%)

• 6.4 Manufacturing - Market size and forecast 2021-2026
• Exhibit 43: Chart on Manufacturing - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Data Table on Manufacturing - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Chart on Manufacturing - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Data Table on Manufacturing - Year-over-year growth 2021-2026 (%)

• 6.5 Healthcare - Market size and forecast 2021-2026
• Exhibit 47: Chart on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)

• 6.6 BFSI - Market size and forecast 2021-2026
• Exhibit 51: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
• Exhibit 53: Chart on BFSI - Year-over-year growth 2021-2026 (%)
• Exhibit 54: Data Table on BFSI - Year-over-year growth 2021-2026 (%)

• 6.7 Others - Market size and forecast 2021-2026
• Exhibit 55: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 57: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 58: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 6.8 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 61: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 62: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 63: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 64: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 65: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 66: Matrix on vendor position and classification

• 10.3 CareerBuilder LLC 
• Exhibit 67: CareerBuilder LLC - Overview
• Exhibit 68: CareerBuilder LLC - Product / Service
• Exhibit 69: CareerBuilder LLC - Key offerings

• 10.4 College Recruiter Inc. 
• Exhibit 70: College Recruiter Inc. - Overview
• Exhibit 71: College Recruiter Inc. - Product / Service
• Exhibit 72: College Recruiter Inc. - Key offerings

• 10.5 DHI Group Inc. 
• Exhibit 73: DHI Group Inc. - Overview
• Exhibit 74: DHI Group Inc. - Business segments
• Exhibit 75: DHI Group Inc. - Key offerings
• Exhibit 76: DHI Group Inc. - Segment focus

• 10.6 Microsoft Corp. 
• Exhibit 77: Microsoft Corp. - Overview
• Exhibit 78: Microsoft Corp. - Business segments
• Exhibit 79: Microsoft Corp. - Key news
• Exhibit 80: Microsoft Corp. - Key offerings
• Exhibit 81: Microsoft Corp. - Segment focus

• 10.7 OPTnation 
• Exhibit 82: OPTnation - Overview
• Exhibit 83: OPTnation - Product / Service
• Exhibit 84: OPTnation - Key offerings

• 10.8 Randstad Holding NV 
• Exhibit 85: Randstad Holding NV - Overview
• Exhibit 86: Randstad Holding NV - Business segments
• Exhibit 87: Randstad Holding NV - Key news
• Exhibit 88: Randstad Holding NV - Key offerings
• Exhibit 89: Randstad Holding NV - Segment focus

• 10.9 Recruit Holdings Co. Ltd. 
• Exhibit 90: Recruit Holdings Co. Ltd. - Overview
• Exhibit 91: Recruit Holdings Co. Ltd. - Business segments
• Exhibit 92: Recruit Holdings Co. Ltd. - Key news
• Exhibit 93: Recruit Holdings Co. Ltd. - Key offerings
• Exhibit 94: Recruit Holdings Co. Ltd. - Segment focus

• 10.10 Robert Half International Inc. 
• Exhibit 95: Robert Half International Inc. - Overview
• Exhibit 96: Robert Half International Inc. - Business segments
• Exhibit 97: Robert Half International Inc. - Key news
• Exhibit 98: Robert Half International Inc. - Key offerings
• Exhibit 99: Robert Half International Inc. - Segment focus

• 10.11 The Select Group LLC 
• Exhibit 100: The Select Group LLC - Overview
• Exhibit 101: The Select Group LLC - Product / Service
• Exhibit 102: The Select Group LLC - Key offerings

• 10.12 TopUSAJobs.com 
• Exhibit 103: TopUSAJobs.com - Overview
• Exhibit 104: TopUSAJobs.com - Product / Service
• Exhibit 105: TopUSAJobs.com - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 106: Inclusions checklist
• Exhibit 107: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 108: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 109: Research methodology
• Exhibit 110: Validation techniques employed for market sizing
• Exhibit 111: Information sources

• 11.5 List of abbreviations 
• Exhibit 112: List of abbreviations

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