The on-demand staffing platform market size is projected to reach US$ 577.9 million by 2031 from US$ 185.83 million in 2023. The market is expected to register a CAGR of 15.2% during 2023–2031. Automation in the hiring process is likely to remain a key trend in the market.
On-demand staffing eliminates these challenges by providing instant access to pre-screened and qualified professionals. Companies can save considerable resources and resources by avoiding the lengthy hiring process. Additionally, on-demand staffing allows businesses to engage talent on an as-needed basis, reducing labor costs and avoiding the burden of full-time salaries and benefits. This cost-effectiveness makes on-demand staffing an attractive solution for both startups and established enterprises.
On-demand staffing is a dynamic approach that allows companies to quickly locate qualified and flexible talent when they need it the most. One of the primary advantages of on-demand staffing is the unprecedented level of flexibility it offers. Companies can rapidly increase their workforce based on their current requirements. On-demand staffing is particularly useful when companies have specific and niche requirements. It is difficult to locate professionals who possess extensive knowledge or expertise for short-term projects or temporary assignments. However, on-demand staffing platforms bring together a diverse pool of talent with varied skill sets, ensuring that companies can quickly find the right person for the job.
BFSI has evolved into a highly competitive industry that needs to constantly adapt to the changing market and cater to clients more effectively. The BFSI industry is witnessing a higher demand for better systems and software to handle the workload and a rising demand for competent or proficient individuals to manage these systems. Thus, the BFSI industry is opting for staffing and recruitment solutions to fulfill such needs. The banking sector in the UAE has started hiring new employees on a large scale. According to the Central Bank of UAE (CBUAE), the number of banking staff increased by 738 employees at the end of December 2021 compared to Q3 2021. According to the Ministry of Labour's Civil Service and Government Development Bureau (CSGDB) recruitment statistics, 7,127 positions were created in 2022 for Qatar nationals in government and commercial sectors. The healthcare sector is witnessing continuous growth due to increasing health awareness, affordable and accessible healthcare facilities, an aging population, growing health concerns, and changing attitudes toward preventive healthcare. Healthcare is among the sectors that require employees in huge volume. Staffing and recruitment solutions play an essential role in the healthcare industry by providing qualified staff and ensuring the facility has the right personnel for the job. According to the National Skilled Network, as of August 2023, the demand for a skilled healthcare workforce in India has surged to unprecedented levels, with projections indicating the creation of over 100,000 new jobs in the coming year.
AI will significantly reduce the amount of time you spend searching for resumes or screening applicants, making it easier for you to complete the interview process faster – without sacrificing the quality of candidates. AI can play a major role. AI can become an assistant to recruiters. The use of scheduling software ensures that your work is completed smoothly without wasting your entire day. Chatbots and automated messaging services are becoming increasingly popular in the field of employment. These can reduce the tedious task of sending emails and messages. AI will significantly reduce the amount of time you spend searching for resumes or screening applicants, making it easier for you to complete the interview process faster – without sacrificing the quality of candidates.
Key segments that contributed to the derivation of the on-demand staffing platform market analysis are deployment and enterprise size.
The geographic scope of the on-demand staffing platform market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The industry that witnessed the most significant growth in formal jobs in Mexico is transportation and communications. According to Mexico's Social Security Institute (IMSS), as of November 2022, with 207,968 new positions created in the formal sector in October, Mexico's overall number of formal jobs reached 21.6 million as of October 2022. This was the most significant monthly rise in the sector's history. Despite the financial setback, the average daily wage showed an increase of 11.1% from October 2021, and the employment rate now is 4.87% greater than it was before the COVID-19 pandemic, according to IMSS. Thus, with the increase in formal jobs, the need for ron-demand staffing is increasing, which is propelling the growth of the market.
The regional trends and factors influencing the On-Demand Staffing Platform Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses On-Demand Staffing Platform Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 185.8 Million |
| Market Size by 2031 | US$ 577.9 Million |
| Global CAGR (2023 - 2031) | 15.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The On-Demand Staffing Platform Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the On-Demand Staffing Platform Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The on-demand staffing platform market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the on-demand staffing platform market are listed below:
(Source: Ontario Municipal Corp., August 2022)
The “On-Demand Staffing Platform Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
North America region dominated the on-demand staffing platform market in 2023.
The increasing need for staffing across various industries is the major factors that propel the global on-demand staffing platform market.
Automation in the hiring process to play a significant role in the global on-demand staffing platform market in the coming years.
The leading players operating in the global on-demand staffing platform market are Appjobs Sweden AB, Graphite Solutions, Inc., Hire an Esquire, Inc., Instawork, MyWorkChoice, QWICK, INC., Snagajob, Traba, Ubeya, and Wonolo Inc..
The global on-demand staffing platform market is expected to reach US$ 577.9 million by 2031.
The market is expected to register a CAGR of 15.2% during 2023–2031.