The online recruitment market in APAC is expected to grow from US$ 6,825.11 million in 2021 to US$ 12,467.50 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
The China, Japan, and India are major economies in APAC. Integration of technologies in online recruitment are the major factor driving the growth of the APAC online recruitment market. Recruiters are constantly using HR automation software in their work. These integrated technology solutions aid in the identification, attraction, engagement, nurturing, and conversion of candidates into applicants. These tools streamline the recruiting process by automating it, making it more effective and quicker. AI is being used by a growing number of companies in their recruiting processes. Various solutions such as applicant tracking software, interviewing software, and candidate relationship management software are enhancing the overall online recruitment processes. To take optimum advantage of online recruitment, recruitment firms are implementing data analytics-driven solutions for their applicant tracking processes. Jobvite unveiled a data science strategy to power its HR product portfolio in January 2020. This program aims to ensure that company recruiters are given the best-fit applicants and that both candidates and recruiters are not wasting time. This data-driven approach combines various algorithms and data sources to cover both enterprise-wide recruiting preferences and employee recruiter preferences. To increase technology adoption in online recruitment processes, recruitment firms are forming several cutting-edge technology alliances. For example, Talview, an AI recruitment startup, announced in January 2020 that it had become an integration partner with LinkedIn's Talent Hub applicant tracking system. Talview's live interviewing services are now incorporated into the LinkedIn Talent Hub experience, allowing businesses to source, manage, and recruit applicants from a single source. Thus, the above-mentioned factors, coupled with the availability of various recruitment solutions in the market, are influencing the adoption of online recruitment processes, thereby driving the market, which is further anticipated to drive the market in APAC.The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. Many global brands and technological companies are headquartered in the region. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. The COVID-19 pandemic, according to the Asia–Pacific Employment and Social Outlook 2020, would have wiped out 81 million workers by 2020. As per the quarterly data available for 2020, employment levels fell in virtually all economies, compared to those in 2019. Working hours in Asia and the Pacific countries fell by 15.2% in the second quarter and 10.7% in the third quarter of 2020, compared to pre-crisis levels. Working-hour losses are also contributed to the fact that millions of people left the labor force or lost their jobs due to plummeted growth of enterprises. Thus, the online recruitment providers experienced adversely effects in APAC countries during the first three quarters of 2020. However, with the gradual opening of economic activity across the region, the demand for skilled workforce has begun to rise across all industries from the end of 2020, thereby contributing to the rise in demand of online recruitment across the region
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APAC Online Recruitment Market Segmentation
APAC Online Recruitment Market – By Job Type
- Permanent
- Part-Time
APAC Online Recruitment Market – By Application
- Finance
- Sales and Marketing
- Engineering
- IT
- Others
APAC Online Recruitment Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Online Recruitment Market -Companies Mentioned
- ABC Consultants
- Glassdoor, Inc.
- Info Edge (India) Ltd. (naukri.com)
- iPlaceUSA, Inc.
- itForte
- LinkedIn Corporation
- Multi Recruit
- SH Inc
- StepStone GmbH
- TalenTECH Solutions Pvt Ltd (Hiring Plug)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Job Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Online Recruitment Market – By Job Type
1.3.2 Online Recruitment Market – By Application
1.3.3 Online Recruitment Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Online Recruitment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Online Recruitment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Integration of Technologies in Online Recruitment
5.1.2 Digitalization of All Business Processes Including Recruitment
5.2 Market Restraints
5.2.1 Common Difficulties Faced in Online Recruitment
5.3 Market Opportunities
5.3.1 Integration of Artificial Intelligence (AI) in Recruitment
5.4 Future Trends
5.4.1 Emergence of Fully Remote Companies and Social Media Recruiting
5.5 Impact Analysis of Drivers and Restraints
6. Online Recruitment Market – APAC Analysis
6.1 APAC Online Recruitment Market Overview
6.2 APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
7. APAC Online Recruitment Market Analysis – By Job Type
7.1 Overview
7.2 APAC Online Recruitment Market, By Job Type (2020 and 2028)
7.3 Permanent
7.3.1 Overview
7.3.2 Permanent: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Part-Time
7.4.1 Overview
7.4.2 Part-Time: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Online Recruitment Market Analysis – By Application
8.1 Overview
8.2 APAC Online Recruitment Market, By Application (2020 and 2028)
8.3 Finance
8.3.1 Overview
8.3.2 Finance: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Sales and Marketing
8.4.1 Overview
8.4.2 Sales and Marketing: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Engineering
8.5.1 Overview
8.5.2 Engineering: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.6 IT
8.6.1 Overview
8.6.2 IT: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Online Recruitment Market – Country Analysis
9.1 Overview
9.1.1 APAC: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 APAC: Online Recruitment Market, by Key Country
9.1.2.1 Australia: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Australia: Online Recruitment Market, by Job Type
9.1.2.1.2 Australia: Online Recruitment Market, by Application
9.1.2.2 China: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 China: Online Recruitment Market, by Job Type
9.1.2.2.2 China: Online Recruitment Market, by Application
9.1.2.3 India: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 India: Online Recruitment Market, by Job Type
9.1.2.3.2 India: Online Recruitment Market, by Application
9.1.2.4 Japan: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 Japan: Online Recruitment Market, by Job Type
9.1.2.4.2 Japan: Online Recruitment Market, by Application
9.1.2.5 South Korea: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 South Korea: Online Recruitment Market, by Job Type
9.1.2.5.2 South Korea: Online Recruitment Market, by Application
9.1.2.6 Rest of APAC: Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of APAC: Online Recruitment Market, by Job Type
9.1.2.6.2 Rest of APAC: Online Recruitment Market, by Application
10. Impact of COVID-19 Pandemic on APAC Online Recruitment Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Merger and Acquisition
11.2 New Development
12. Company Profiles
12.1 ABC Consultants
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Glassdoor, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 iPlaceUSA, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 itForte
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Info Edge (India) Ltd. (naukri.com)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LinkedIn Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Multi Recruit
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SH Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 StepStone GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 TalenTECH Solutions Pvt Ltd ( Hiring Plug )
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Online Recruitment Market, by Job Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Online Recruitment Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Online Recruitment Market Segmentation
Figure 2. APAC Online Recruitment Market Segmentation – By Country
Figure 3. APAC Online Recruitment Market Overview
Figure 4. Permanent Job Type Segment held the Largest Share of APAC Online Recruitment Market
Figure 5. IT Segment held the Largest Share of APAC Online Recruitment Market
Figure 6. China to Show Great Traction During Forecast Period
Figure 7. Asia-Pacific: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Online Recruitment Software Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Online Recruitment Market Revenue Share, by Job Type (2020 and 2028)
Figure 12. Permanent: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Part-Time: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Online Recruitment Market Revenue Share, by Application (2020 and 2028)
Figure 15. Finance: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Sales and Marketing: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Engineering: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. IT: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: APAC Online Recruitment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC: Online Recruitment Market – Revenue by Country To 2028 (US$ Million)
Figure 21. APAC: Online Recruitment Market Revenue Share, By Key Country (2020 and 2028)
Figure 22. Australia: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. China: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. India: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Japan: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. South Korea: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Rest of APAC: Online Recruitment Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic on Market in APAC Countries
- ABC Consultants
- Glassdoor, Inc.
- Info Edge (India) Ltd. (naukri.com)
- iPlaceUSA, Inc.
- itForte
- LinkedIn Corporation
- Multi Recruit
- SH Inc
- StepStone GmbH
- TalenTECH Solutions Pvt Ltd (Hiring Plug)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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