May 25, 2023

Key Industry Development: December 2022 – Fountain launched a new platform for high volume hiring with enhanced capabilities to empower and support employers. This platform enables seamless scheduling and interviewing. Key Takeaways The increasing spending by key companies on introducing fraud solutions across different industries, such as BFSI, healthcare, manufacturing, and others, is projected to fuel market growth. Increasing Demand for Cloud-based Solutions across the Healthcare Industry to Aid Growth Growing Adoption of Cloud Increased the Adoption Rate of Fraud Detection Solutions By Solution Analysis: Rising Demand for Authentication Solutions to Aid Market Growth Online Recruitment Technology Market Size in North America was USD 15.44 Billion in 2022 Discover the Leading Players Featured in the Report: “Companies leading the Online Recruitment Technology Market are BambooHR LLC (U.S.), HireVue, Inc. (U.S.), TalentLyft (Croatia), Yello (U.S.), Fountain (U.S.), flair.hr (Germany), SmartRecruiters (U.S.), Avature (U.K.), Recruitee.com (Netherlands), TestGorilla (Netherlands)” Report Scope & Segmentation Emphasizing Automation to Support Market Expansion in the Hiring Process The method by which the online recruitment process is carried out has changed dramatically in recent years due to the development of internet technology. Companies and governmental bodies are currently focused on making a big transition from the conventional manner of hiring services to more effective, economical methods. The majority of businesses now use e-recruitment platforms rather than more conventional hiring techniques. Additionally, online job hunting and application processes became more popular among prospective employees. Companies strive to build engaging, rich content that is simple to use and user-friendly for recruiting on their platforms or through online job portals to generate the necessary pool of candidates. These factors will result in an increase in the online recruitment technology market share. It is challenging to ascertain what works and how to enhance advertisements as not all online recruitment technology services provide a complete examination of reporting, and this may impede the online recruitment technology market growth. Segments: North America Dominates the Market due to SMEs and Major Businesses Adopting the Technology North America holds a substantial market share, which was valued at USD 4.05 billion in 2022 and is expected to continue to dominate in the years to come. This is a result of SMEs and major businesses adopting online recruitment technology solutions. The online recruitment sector has undergone several changes in recent years, from the adoption of social media recruiting to the introduction of mobile recruiting platforms, all with the goal of enhancing recruitment procedures for both companies and employees. Quick Buy - Online Recruitment Technology Market Research Report: Key Market Participants Prioritize Partnerships to Improve their Market Position Leading companies in the market, including BambooHR LLC, HireVue, Inc., TalentLyft, Recruitee.com, SmartRecruiters, TestGorilla, and others are introducing novel products and implementing cutting-edge technology to give businesses effective solutions. Conversely, other significant competitors such as Fountain, Avature, Yello, and others are forming strategic alliances to improve their market positions and create powerful brand promotion. FAQ’s Online Recruitment Technology Market size was USD 10.01 billion in 2022. How fast is the Online Recruitment Technology Market growing? The Online Recruitment Technology Market will exhibit a CAGR of 15.2% during the forecast period, 2023-2030 Related Reports: