The North America on-demand staffing platform market is expected to grow from US$ 70.71 million in 2022 to US$ 159.33 million by 2028; it is estimated to grow at a CAGR of 14.5% during 2022–2028.
Talent acquisition leaders continually strive for data-driven mindsets and essential technology that enable their organizations to execute the recruitment process. Real-time analytics and insights to analyze the quality and cost of new hires, as well as candidate feedback scores, are closely evaluated. With the advancements in technology and increasingly agile workplaces, organizations are adopting on-demand staffing platforms across several industry verticals. Manually emailing prospects is time consuming and is becoming an unsustainable approach to build relationships with prospective hires and manage the recruitment funnel. In line with this, on-demand staffing platforms tend to eliminate the needless complexity and inefficiency of manual communications by automating the hiring process. Thus, the growing need for talent acquisition and management is driving the North America on-demand staffing platform market growth.
Impact of COVID-19 Pandemic on North America On-Demand Staffing Platform Market
Although APAC is characterized by many developing countries, a high industrial presence, and a positive economic outlook, a significant reduction in noise levels was observed during the shutdown of industries in response to the COVID-19 pandemic. However, in 2021, with reopening of industrial activities in phases, the need for measuring noise levels escalated the demand for noise dosimeters. The manufacturing industries in Asia Pacific countries such as Indonesia, the Philippines, Vietnam, Singapore, and Thailand began recovering at a faster rate from 2022, thereby highlighting the demand for noise dosimeters. In July 2022, Indonesia increased the investment in the manufacturing sector to US$ 15.4 billion from US$ 11.2 billion in 2021—an increase of 38%. Thus, such growth prospects in industrialization during the pandemic recovery period are ensuring the demand for noise dosimeters, bolstering the North America On-Demand Staffing Platform market growth.
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North America On-Demand Staffing Platform Market: Strategic Insights
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North America On-Demand Staffing Platform Market: Strategic Insights
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North America On-Demand Staffing Platform Market Insights
The e-commerce sector has been positively impacted due to remote and hybrid work arrangements after the emergence of the COVID-19 pandemic. With the rising adoption of working-from-home models, the staffing industry has witnessed tremendous growth. In addition, the temporary staffing model is widely preferred in the healthcare sector. For this sector, the staffing firms are focused on specific tasks such as bringing the offer letter process in-house under one person, using one person to manage sick pay for traveling nurses, and consolidating employee drug testing and background check processes with one vendor. Therefore, such time-consuming and traditional processes augmented the need for on-demand staffing platforms across several industry verticals. Many companies, especially those providing IT and IT-enabled services, are hiring additional temporary or flexible staff over permanent placements as a part of cost-cutting measures due to delayed projects owing to the COVID-19 pandemic. This is further boosting the North America on-demand staffing platform market growth.
The staffing industry is increasingly investing in and adopting new recruitment technologies and adjusting to a completely unfamiliar staff hiring environment to fulfill temporary employment needs. Temporary employees are hired for a specific project while not having to commit on long-term benefits. Several on-demand staffing platform companies engage in partnerships and new product launches to pilot new organizational structures and increase business productivity. For instance, in September 2022, Workfall, a remote staffing startup, launched a new product Automated Work Contracts. The product aims to create a seamless experience, enabling both partners and hiring companies to discuss terms of hiring and ensuring that payments are linked to the delivery of services and provide security to both parties. As a result, the growing need for instant hiring temporary staff is boosting the North America on-demand staffing platform market growth.
Deployment-Based North America On-Demand Staffing Platform Market Insights
The North America on-demand staffing platform market, by deployment, is bifurcated into on premise and cloud-based. In 2021, the cloud-based segment accounted for a larger market share.
Enterprise Size-Based North America On-Demand Staffing Platform Insights
The North America on-demand staffing platform market, based on enterprise size, is further divided into small and medium enterprises and large enterprises. In 2021, the large enterprises segment accounted for the largest market share.
The players operating in the North America on-demand staffing platform market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key market players are listed below:
- In 2022, The leading on-demand staffing platform for hospitality businesses and professionals has completed its $40 million Series B investment. Tritium Partners led the round, with participation by existing investors Kickstart, Album VC, Desert Angels, and Revolution's Rise of the Rest Seed Fund.
- In 2022, Traba announced that it raised $20 million in a Series A funding round, led by Khosla Ventures with participation from Founders Fund, General Catalyst, SciFi VC and Atomic. To date, the startup has raised $23.6 million; Founders Fund and General Catalyst led Traba’s seed round.
The North America On-Demand Staffing Platform market has been segmented as mentioned below:
The North America on-demand staffing platform market, by deployment, is bifurcated into on premises and cloud-based. The market, based on enterprise size, is further divided into small and medium enterprises and large enterprises. By country, the North America on-demand staffing platform market is segmented into US and Canada.
Company Profiles
- Myworkchoice
- Wonolo
- Hireanesquire
- Qwick
- Graphite
- Appjobs
- Instawork
- Snagajob
- Traba
- Ubeya
North America On-Demand Staffing Platform Market Regional Insights
The regional trends and factors influencing the North America On-Demand Staffing Platform Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America On-Demand Staffing Platform Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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North America On-Demand Staffing Platform Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 70.71 Million |
| Market Size by 2028 | US$ 159.33 Million |
| Global CAGR (2022 - 2028) | 14.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
North America On-Demand Staffing Platform Market Players Density: Understanding Its Impact on Business Dynamics
The North America 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 North America On-Demand Staffing Platform Market are:
- Myworkchoice
- Wonolo
- Hireanesquire
- Qwick
- Graphite
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the North America On-Demand Staffing Platform Market top key players overview
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment, and Enterprise Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico
Frequently Asked Questions
The estimated North America on-demand staffing platform market size in 2022 is expected to be around US$ 70.71 million.
The factors such as surge in need for talent acquisition and management, temporary employee recruitment to meet organization needs, and focus on candidate experience and employee engagement are contributing to the North America on-demand staffing platform market growth.
The staffing industry is focusing on integrating skilled contractors into primary workforces. As the labor market continues to expand across all facets of business, companies seek to hire more contingent workers to control costs. Choosing the right on-demand staffing platform help staffing teams hire contingent workers and nurture learning within the workplace. Moreover, the demand for contingent workers is growing tremendously, primarily for freelance, gig, or contract work in addition to conventional employment. As a result, the staffing industry is moving toward contingent staffing, thereby becoming a major market trend.
Myworkchoice; Wonolo; Hireanesquire; Qwick; and Graphite are the key market players expected to hold a major market share of North America on-demand staffing platform market in 2021
US is expected to register high growth rate during the forecast period
US is expected to hold a major market share of North America on-demand staffing platform market in 2021.
The North America on-demand staffing platform market is expected to register an incremental growth value of US$ 88.62 million during the forecast period.
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The List of Companies - North America On-Demand Staffing Platform Market
- Myworkchoice
- Wonolo
- Hireanesquire
- Qwick
- Graphite
- Appjobs
- Instawork
- Snagajob
- Traba
- Ubeya
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