Recruitment Advertising Agency Market Report Overview
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The global recruitment advertising agency market size was USD 2.062 billion in 2021. As per our research, the market is expected to reach USD 5.456 billion in 2031, exhibiting a CAGR of 10.07 % during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with recruitment advertising agency experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The method of communication used by organizations to entice and impress job searchers is recruitment advertising. There are several ways to advertise for jobs, and corporate recruitment is no exception. Digital media currently dominates all forms of advertising. The research offers insights into the numerous best practices and vendors that assist recruitment advertising as organizations investigate new choices for talent acquisition.
Employer branding campaigns can be developed or improved with the aid of recruiting marketing companies, ensuring consistent and effective recruitment messaging. To assist businesses in achieving their talent acquisition objectives, recruitment professionals use a variety of techniques that create, manage, and sustain authentic employer branding. Recruitment marketing firms are in charge of media planning and audits, user-focused communication strategies, and candidate interaction on social, digital, and mobile platforms.
COVID-19 Impact: Shut Down of Enterprises to Disrupt Manufacturing
The world's coronavirus-infected countries are predicted to cause the global technology market to go bankrupt. Small and medium-sized businesses have been severely damaged by coronavirus on a global scale. After the financial crisis, the market should offer prospects for growth. Without a doubt, the pandemic has presented certain difficulties for businesses in the consumer goods industry. Importantly, supply chain disruptions have appeared all over the world, and according to research from the Institute for Supply Management, organizations have had to lower their revenue targets by a large average.
Latest Trends
"Adoption of Cutting-Edge Technology to Uplift Market Profile"
It is projected that the uptake of new technologies would open up commercial opportunities for solution providers to give the answer for simple registration, information access, and personnel administration. This is anticipated to boost recruitment advertising agency market growth.
Recruitment Advertising Agency Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into strategy, digital and job posting.
In terms of product, is the largest segment.
- By Application Analysis
Based on application, the market can be divided into large company and SMEs.
In terms of application, is the largest segment.
Driving Factors
"Rising Demand for Software to Fuel Market Growth"
The market for recruitment advertising agency is anticipated to expand as a result of rising demand for software platforms that automate and streamline recruitment processes including hiring and registrations. Cloud-based platforms are provided by solution providers to secure corporate data and enable users to access it from any location. During the projection period, the cloud-based solution is anticipated to increase demand for technical recruitment platforms.
"Increased Brand Awareness to Provide Impetus to the market "
All job postings ought to, in theory at least (more on this later), draw candidates to your openings. Good advertisements (those that absolutely scream originality) can increase brand awareness right away and leave a lasting impact. However, the amount of money you have to spend has a significant impact on the inventiveness and quality of an advertisement, as well as its reach and duration. The adverts stop after your money is used up, along with the applicant flow they had previously produced. We'll discuss how to use organic content to capitalize on the interest generated by paid advertisements below.
Restraining Factors
"Availability of Different Open-Source Software Versions Expected to Hinder the Market"
The market expansion of technical recruitment advertising agency may be constrained by the availability of open-source platforms from a number of platform providers enabling enterprises and organizations to handle personnel information and data. To manage organizational activities and cut operational costs, small recruitment companies use the free online version.
Recruitment Advertising Agency Market Regional Insights
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"North America to Dominate the Market Due to Rising Awareness About Technology"
Due to the presence of significant solution providers in the region and the adoption of technical recruitment platforms by companies to handle technical professional requirements, North America accounts for a sizable portion of the recruitment advertising agency market share for technical recruitment advertising agency. Due to the rising use of technologically cutting-edge software and solutions in personnel management by businesses and organizations, the market for technical recruiting platforms in the Asia Pacific region is anticipated to rise rapidly during the forecast period.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Symphony Talent (U.S.)
- Bayard Advertising (U.S.)
- Universum (Sweden)
- Buyer Advertising (U.S.)
- HireClix (U.S.)
- Recruitics (U.S.)
- eQuest (U.S.)
- NAS Recruitment (U.S.)
- Radancy (U.S.)
- Havas People (U.S.)
- Shaker Recruitment Marketing (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2.062 Billion in 2021 |
Market Size Value By |
US$ 5.456 Billion by 2031 |
Growth Rate |
CAGR of 10.07% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global recruitment advertising agency market expected to touch by 2031?
The global recruitment advertising agency market is expected to touch USD 5.456 billion in 2031.
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What CAGR is the recruitment advertising agency market expected to exhibit during 2022-2031?
The recruitment advertising agency market is expected to exhibit a CAGR of 10.07% over 2022-2031.
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Which are the driving factors of the recruitment advertising agency market?
Rising demand for software and increased brand awareness are the driving factors of the recruitment advertising agency market.
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Which are the top companies operating in the recruitment advertising agency market?
Taleo Corporation, SAP SE, Ceridian HCM, Inc., IBM Corporation, PeopleAdmin, Inc. and SumTotal Systems, Inc. are the top companies operating in the recruitment advertising agency market.