The Recruiting Market Report Segments the Industry Into by Service Type (Permanent Staffing, Temporary & Contract Staffing, and More), by Recruitment Channel (Offline / Agency-Led, Online Platforms & Job Boards, and More), by Geography (North America, South America, and More), and More Segments. The Market Forecasts are Provided in Terms of Value (USD).

The staffing industry took a significant hit in 2020 owing to the coronavirus pandemic, however bounced back strong and had a ****************** in 2022. The value of this market shrunk again in 2023, with this trend also expected to continue for 2024.Staffing and recruitingThe staffing and recruiting industry includes companies which help other organizations find staff. This can be achieved through either assisting companies to recruit new internal staff (recruiting), or directly providing temporary staff to fill specific functions (temporary or agency staffing). The temporary staffing segment is significantly larger than recruitment segment. Temporary workersContrary to popular belief, the number of temporary workers in the United States is not higher now than it was in the year 2000. Nor is the portion of temporary workers any larger in the U.S. than in other developed economies – in fact, it is lower than most. However, owing to the size of the overall economy, the U.S. temporary worker industry is the world’s largest. On average, temporary workers in the U.S. are engaged for 10 to 11 weeks.

According to Cognitive Market Research, the global Recruitment & Staffing market size is USD 519848.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 207939.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 155954.55 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 119565.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 25992.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 10396.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Recruiting held the domiant position in the Recruitment & Staffing market

Market Dynamics of Recruitment & Staffing Market

Key Drivers for Recruitment & Staffing Market

Huge job opportunities in the BFSI and IT sectors drive staffing and recruitment market growth

IT hiring and recruitment sector is rapidly expanding. According to research from the online hiring site Monster, the banking, financial services, and insurance (BFSI) industry in India will see a 27% increase in job posts year over year in February 2023. According to Monster data, finance-related employment will account for around 8% of all jobs posted on the site by 2023. Furthermore, India is seeing a significant increase in job prospects as a result of digitization, payment innovations, and expanded financial inclusion, as well as the forthcoming 5G deployment. According to the Monster Employment Index, hiring in the BFSI industry increased by 25% in August 2022, after experiencing a 21% increase in July 2022.

Rising young populations

The presence of young workers in the job market and the desire of recruitment agencies for budget-friendly approaches are significantly impacting the expansion of the Recruitment & Staffing Market. Recruitment helps connect skilled and capable young individuals with organizations that are seeking employees, ensuring companies find the right candidates for their needs. Similarly, the focus on expenses has led companies to choose recruitment solutions that are both efficient and cost-effective. These elements contribute to the expansion of the Recruitment & Staffing Market by meeting the demand for cost-effective and effective recruitment services, enabling businesses to acquire the appropriate talent.

Restraint Factor for the Recruitment & Staffing Market

Rising Costs and Margin Pressure

The Recruitment & Staffing Market is restrained by increasing cost and margin pressure. As the operational cost increases in the industry (for eg technology investment, talent acquisition cost etc.), it leads to margin pressure for the recruitment agencies, as every business tries to maintain the profit margin, which directly impact the competitive pricing for the services offered. The rising operational cost may also affect the smaller agencies to invest in cutting edge technologies, training programs etc., which directly impact their competitiveness in the market. Hence the increasing cost in the industry will definitely be a challenge and how efficiently businesses manage this cost pressure will define their sustained growth and profitability.

Impact of Covid-19 on the Recruitment & Staffing Market

The Covid-19 pandemic changed the Recruitment & Staffing market dynamically with its impact across the entire global market. As a result of the COVID-19 pandemic that led to some shutdowns, economic instability and business disruption, many organizations were compelled to freeze or even downsize their employee intake, hence reducing the demand for recruitment services. Nevertheless, as the economis slowly turns into improvement there is observed the shift in the focus on remote work and virtual hiring what accelerates the employment of digital recruitment solutions and platforms. Temporary and contract st...

In 2023, staffing and recruiting industry sales in the United States grew significantly to reach approximately *** billion U.S. dollars. This was an increase of roughly ** billion U.S. dollars when compared to the previous year. In 2020, the largest staffing and recruitment firm worldwide was Randstad, with more than ** billion U.S. dollars in revenue. The staffing and recruiting industry in the United States Over the last several years, the staffing and recruiting industry in the United States has experienced components of growth and evolution driven by various factors, including changes in the labor market, technological advancements, and shifts in workforce demographics. This has led to an increasing market size in the industry, with the largest share of staffing and recruiting industry sales coming from temporary and contract work. Leading players The leading staffing and recruitment firms have consistently generated revenues of billions of U.S. dollars annually. Randstad, one of the global leaders, generated a revenue worldwide of roughly ** billion U.S. dollars in 2024. The Adecco Group, a competitor of Randstad, had a revenue of approximately *** billion U.S. dollars in the Americas region alone in the same year.

Snapshot img

US Online Recruitment Market Size 2025-2029

The us online recruitment market size is forecast to increase by USD 4.39 billion at a CAGR of 7.3% between 2024 and 2029.

The Online Recruitment Market in the US is experiencing significant shifts, driven by innovations in the hiring process. Companies are increasingly adopting artificial intelligence (AI) technologies to streamline their recruitment efforts, with AI-powered searches becoming a norm. This trend is transforming the way organizations attract and select talent, enabling faster and more accurate matching of candidates to job openings. However, this dynamic market also presents challenges. The rise in competition has led to a decline in profitability for many players. With numerous recruitment solutions available, differentiating offerings and maintaining a competitive edge becomes crucial. Companies must continually innovate and adapt to meet the evolving needs of clients and candidates. Additionally, ensuring data security and privacy in the digital recruitment process is a growing concern, requiring robust security measures and compliance with regulations. To thrive in this market, organizations must effectively balance innovation, competition, and security to capitalize on opportunities and navigate challenges.

What will be the size of the US Online Recruitment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleIn the dynamic US recruitment market, employers increasingly leverage various strategies to attract and retain top talent. Recruitment advertising through multiple channels, including social media marketing and pay-per-click (PPC) advertising, plays a significant role in reaching a wider candidate pool. Employer reviews, a critical component of brand reputation, influence potential applicants' decisions. Email marketing and referral bonuses are effective tools for engaging current employees and expanding the talent pool. Performance reviews, leadership development, and behavioral interviewing are essential elements of a robust talent acquisition strategy. Social media marketing and talent marketplaces foster diversity recruitment and employee advocacy. Organizational culture, job satisfaction, and employee well-being are crucial factors in retaining top talent. HR dashboards, benefits administration, and workforce analytics provide valuable insights into workforce trends. Inclusive hiring, bias mitigation, and training and development are essential for fostering a diverse and inclusive work environment. Career development opportunities, competency-based interviewing, and structured interviewing contribute to total rewards and skills-based hiring. Employers prioritize these trends to stay competitive in the evolving US recruitment landscape.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationHospitalityManufacturingHealthcareBFSIOthersEnd-userEmployersNon-employersPlatform TypeJob PortalsSocial Media RecruitingAI-Based MatchingTechnologyTechnologyHealthcareFinanceEducationService ModeJob PostingCandidate ScreeningEmployer BrandingJob TypeFull-TimePart-TimeFreelanceInternshipsGeographyNorth AmericaUS

By Application Insights

The hospitality segment is estimated to witness significant growth during the forecast period.

The online recruitment market in the US is witnessing significant growth, particularly in the hospitality sector, which currently holds the largest share. Macroeconomic factors and industry developments have fueled this demand, leading companies to automate routine tasks and focus on customer engagement. Consequently, the skillset requirements have evolved, necessitating the hiring of a larger workforce. Moreover, the increase in Meetings, Incentives, Conferences, and Exhibitions (MICE) activities has further boosted the need for employees with soft and operational skills. Video interviewing and social media recruitment have emerged as popular trends, enabling employers to assess candidates more efficiently and engage with a larger talent pool. Talent mobility, executive search, and workforce planning have gained prominence, as companies strive to retain top performers and plan for succession. Psychometric testing, permanent placements, and learning and development have become essential components of the recruitment process, ensuring a good fit and continuous skill development. Compensation benchmarking, mobile recruitment, and hr analytics have become crucial for employers to remain competitive in the market. Cloud-based solutions and hr technology have streamlined processes, while data security and legal regulations

China's online recruitment market reached approximately ** billion yuan in 2021, an increase from about **** billion yuan in the previous year. China's internet hiring industry is scaling up, with its size expected to reach over ** billion yuan by 2023.

Recruitment And Staffing Market size was valued at USD 474.61 Billion in 2024 and is projected to reach USD 553.91 Billion by 2032, growing at a CAGR of 1.95% from 2026 to 2032.Global Recruitment and Staffing Market: Definition/ OverviewRecruitment and staffing encompass a range of services aimed at sourcing, selecting, and placing qualified candidates in suitable positions. These services are essential for organizations to build and maintain a skilled workforce, ensuring operational efficiency and business growth.Recruitment and staffing services are utilized across diverse industries, including technology, healthcare, finance, manufacturing, and retail. These services help organizations address talent shortages, find specialized skills, and manage workforce fluctuations. By streamlining the hiring process and reducing time-to-hire, recruitment and staffing firms enable organizations to focus on their core competencies and achieve strategic objectives.

The global online recruitment market size was valued at USD 36.95 Billion in 2024. The industry is expected to grow at a CAGR of 9.80% during the forecast period of 2025-2034 to reach a value of USD 94.11 Billion by 2034. AI-driven automation has emerged as a powerful combined force in the market, as platforms increasingly deploy both predictive matching engines and generative AI tools to streamline hiring.

Rather than relying on manual, keyword-based workflows, systems now use machine learning to anticipate candidate fit and generative models to compose job descriptions, outreach messages, and personalized coaching. This, in turn, is boosting the online recruitment market revenue. For instance, in April 2024, Indeed launched its Smart Sourcing suite, leveraging AI to recommend ideal candidates, summarize profiles, draft recruiter messages, and schedule interviews.

Around the same time, in June 2024, LinkedIn announced a global rollout of its AI-enhanced Recruiter product and job-search features, enabling users to communicate in natural language, optimize resumes and cover letters, and receive tailored role matches. These dual innovations not only boost engagement and matching precision but also reduce administrative burden, making AI-powered hiring tools increasingly indispensable for both employers and jobseekers, thereby contributing to the online recruitment market development.

The Employment and Recruitment Agencies industry surged at an unprecedented rate in the immediate aftermath of the COVID-19 pandemic. A tight labor market with record high quits saw businesses turn to agencies to help fill recruitment gaps, resulting in revenue growth of 52.0% in 2021 alone. The need for workers in this tight labor market translated into higher service prices, supporting record-setting profit growth during the year. However, strong inflation prompted the Federal Reserve to raise interest rates, slowing the pace of expansion. As companies tamped down on recruitment, employment and recruiting agency services saw revenue drop in consecutive years. Nonetheless, agencies have ridden the never-before-seen surge, with industry revenue forecast to rise at a CAGR of 1.8% to reach $32.1 billion through 2025, although the industry is forecast to shrink 6.7% during the current year.Agencies have embraced long-term digital trends and data analytics in decision-making processes. Advanced software tools now enable simultaneous job postings across multiple platforms, broadening their reach and efficiency. Through data analytics, agencies gain valuable insights into candidate behavior and market trends, sharpening their recruitment strategies. However, local social networks are emerging as formidable alternatives, offering direct access to potential candidates, challenging traditional methods. To maintain competitiveness, many agencies are diversifying their services. Agencies have expanded beyond conventional staffing to offer human resource consulting, talent management solutions and tailored recruitment services specializing in specific industries. This shift not only meets the evolving needs of clients, but also positions agencies as multifaceted service providers in a rapidly changing job market.The Federal Reserve is expected to lower interest rates in the coming years despite inflation fears stemming from tariffs initiated by the Trump administration, prompting hiring across the economy to rise at a faster rate. Agencies will be crucial to helping companies staff up in a tightening labor market, as their services remain essential for matching employers with qualified candidates. Industry revenue is forecast to grow at a CAGR of 2.0% over the next five years, reaching $34.4 billion in 2030. As technology continues to dominate the global economy, recruiters specializing in tech talent, especially in high-demand fields like cybersecurity, will be poised for growth. Talent shortages in high-tech fields will persist, making it incumbent on agencies to expand their offerings to include training partnerships and upskilling initiatives.

Online recruitment market is estimated to reach USD 63.8 billion by 2033, Riding on a Strong 6.5% CAGR throughout the forecast period.

As per Cognitive Market Research's latest published report, the Global Online Recruitment market size was $27.98 Billion in 2021 and it is forecasted to reach $41.83 Billion by 2029. Online Recruitment Industry's Compound Annual Growth Rate will be 7.3% from 2023 to 2030. Factors Impacting on Online Recruitment Market

An increasing number of job openings has created a massive demand for modern recruiting software, to streamline hiring processes which, include resume management, employee evaluation, assessment tools, and others. According to the Bureau of Labor Statistics 2022, the U.S. economy is projected to add 8.3 million jobs from 2021 to 2031 and it is projected to increase from 158.1 million to 166.5 million and grow 0.5 percent annually.

https://www.bls.gov/news.release/pdf/ecopro.pdf

On the other hand, the growing expansion of cloud-based technologies, availability of high-bandwidth internet infrastructure, and rising use of mobile-based recruitment are some of the other major driving factors for the growth of online recruitment market. Increasing focus on automation is estimated to create lucrative opportunities for the online recruitment market and the increasing incidents of online fraud can hinder the growth of the market.

Market Trends:

The adoption of advanced technologies such as big data, cloud computing, AI, and others is positively impacting the global online recruitment market. A major trend driving the global online recruiting industry is the expansion of high-speed internet access and internet-capable devices like tablets, laptops, and smartphones. Due to this, individuals can easily apply for more positions, and companies have access to a wider choice of candidates. Introduction of Online Recruitment.

Online recruitment is also known as E-recruitment, it uses web-based technology for the various processes of attracting, assessing, selecting, recruiting, and onboarding job candidates. Online recruitment is a way to provide businesses with an efficient and cheaper way to fill positions.

Unlock data-backed intelligence on North America Staffing and Recruitment Market, size at USD 281 billion in 2023, featuring industry analysis and strategic insights.

This statistic shows the market size of the staffing and recruiting industry in the United States in 2018 and 2019 and gives a projection through 2021, broken down by category. In 2019, the market size of the U.S. temporary staffing segment was ***** billion U.S. dollars. Due to the coronavirus outbreak, this segment is forecasted to decrease to ***** billion U.S. dollars in 2020.

Recruitment & Staffing Market Outlook

The global recruitment and staffing market size was valued at approximately USD 550 billion in 2023, and it is projected to reach USD 920 billion by 2032, with a Compound Annual Growth Rate (CAGR) of around 6.2% during the forecast period. This robust growth is primarily driven by the increasing demand for skilled talent across various industries and the evolving nature of work that emphasizes flexibility and adaptability. As businesses continue to expand and adapt to changing market conditions, the need for efficient recruitment and staffing solutions becomes more pronounced, contributing to the overall market growth. The integration of technology into recruitment practices and the rising trend of outsourcing HR functions further accelerate the expansion of this market.

A significant growth factor for the recruitment and staffing market is the digital transformation taking place across industries, which is reshaping the workforce by increasing the demand for specialized skills and competencies. With the rise of technologies such as artificial intelligence, machine learning, and data analytics, companies are increasingly seeking talent with expertise in these areas. This trend is not only prevalent in the IT and telecommunications sector but is also expanding into other industries such as healthcare, finance, and manufacturing, thereby driving the demand for recruitment services. Additionally, the gig economy is gaining traction, with more professionals opting for temporary or flexible work arrangements, which is further boosting the need for staffing solutions.

Another crucial driver of this market is the demographic shift occurring in the global workforce. As baby boomers retire, there is a growing need to fill the resulting talent gap with younger, digitally-savvy employees. This demographic change is prompting organizations to rethink their talent acquisition strategies and rely on recruitment and staffing firms to source and onboard new talent efficiently. Additionally, globalization and the expansion of multinational corporations are leading to an increased demand for staffing services that can cater to diverse cultural and regulatory environments, which is driving market growth.

The increasing emphasis on cost efficiency and operational agility is also propelling the recruitment and staffing market. Companies are increasingly recognizing the advantages of outsourcing recruitment functions to professional staffing agencies as a means to streamline processes and reduce costs. By leveraging the expertise of these agencies, businesses can focus on their core operations while ensuring that they have access to a continuous pipeline of qualified candidates. This trend is particularly evident in small and medium enterprises (SMEs), which often lack the resources to maintain in-house human resource departments and are thus turning to staffing firms to meet their recruitment needs.

Regionally, North America stands as a dominant player in the recruitment and staffing market, due to its well-established industries and a high degree of technological adoption. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by rapid economic development, a large and youthful workforce, and increased investment in technology infrastructure. Europe also presents significant opportunities, particularly in countries with strong industrial bases and a demand for skilled professionals in sectors such as manufacturing and healthcare. Meanwhile, Latin America and the Middle East & Africa are emerging markets with increasing adoption of recruitment services as they develop their industrial and technological capabilities.

Service Type Analysis

The recruitment and staffing market is segmented by service type into permanent staffing, temporary staffing, executive search, and other services. Permanent staffing remains a critical segment, driven by companies' needs for long-term, stable workforce solutions. Organizations across sectors are seeking to build a reliable team of permanent employees who can contribute to sustained growth and stability. This segment is particularly strong in industries where domain expertise and company-specific knowledge are essential, such as healthcare and financial services. The demand for permanent staffing is also bolstered by the increasing complexity of business operations, which require skilled professionals who can navigate industry-specific challenges.

Temporary staffing is another significant segment, reflecting the growing trend toward workforce

Online Recruitment Market is Segmented by Type (Part-Time, Permanent), Industry Application (IT and Telecom, Finance, Sales and Marketing, and More), Platform Category (Job Boards, Applicant Tracking Systems (ATS), and More), Enterprise Size (Large Enterprises, Small and Medium Enterprises), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global AI recruitment market size was valued at around USD 707.52 million in 2025 and is projected to grow at a CAGR of more than 7% from 2026 to 2035, due to the integration with other HR software solutions.

Snapshot img

AI In Recruitment Industry Market Size 2025-2029

The AI in recruitment industry market size is forecast to increase by USD 287.2 million, at a CAGR of 7.4% between 2024 and 2029.

The recruitment industry is experiencing a significant shift towards automation, driven by the integration of artificial intelligence (AI) analytics tools. This trend is fueled by the increasing demand for efficient and data-driven hiring processes. AI technologies, such as machine learning and natural language processing, enable recruiters to streamline tasks like resume screening and candidate matching, reducing time-to-hire and enhancing the overall candidate experience. However, the adoption of AI in recruitment also presents challenges. One major concern is the threat from open-source AI solutions, which can potentially disrupt the market by offering cost-effective alternatives to proprietary software. Companies must navigate this competitive landscape by focusing on providing value-added services and ensuring data security and privacy.
Additionally, addressing ethical concerns surrounding AI's impact on diversity and inclusion in hiring processes will be crucial for market success. By staying abreast of these trends and challenges, organizations can effectively capitalize on the opportunities presented by the evolving recruitment technology landscape.

What will be the Size of the AI In Recruitment Industry Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The recruitment industry continues to witness dynamic market activities as Artificial Intelligence (AI) increasingly permeates various sectors, revolutionizing the way organizations source, assess, and onboard talent. Employee onboarding processes are streamlined through AI-driven tools, ensuring a seamless transition for new hires. Compensation and benefits packages are optimized using data-driven insights, enhancing competitiveness in the job market. Gamified assessments provide a more engaging and effective way to evaluate candidates, while resume screening is made more efficient with AI algorithms. Employer branding efforts are bolstered by AI-powered tools that analyze social media and other online platforms to enhance reputation and attract top talent.

Employee satisfaction is prioritized through AI-driven performance management systems, which provide personalized feedback and development plans. Job matching algorithms ensure a better fit between candidates and open positions, leading to higher retention rates and improved ROI. Market intelligence and talent pipelines are enriched with AI-generated insights, enabling organizations to stay informed about industry trends and emerging talent pools. Automated interview scheduling and GDPR compliance are also facilitated through AI, ensuring transparency and accountability in the recruitment process. Skill assessment and bias detection are made more accurate and unbiased with AI-driven tools, promoting diversity and inclusion in the workplace. Behavioral analytics and learning and development programs are also enhanced through AI, providing personalized training and development opportunities for employees.

Succession planning and employee retention are optimized through AI-driven predictive analytics, enabling organizations to identify and address potential talent gaps before they become critical. Virtual interviews and talent pool analysis are also facilitated through AI, enabling organizations to expand their candidate pool and optimize cost structures. Compliance and regulations are ensured through AI-driven tools that monitor and enforce industry standards, promoting ethical considerations and transparency in the recruitment process. AI-powered chatbots provide 24/7 candidate engagement, enhancing the overall candidate experience and promoting a positive brand image. In conclusion, the continuous unfolding of market activities in the recruitment industry underscores the evolving role of AI in talent acquisition and management.

From employee onboarding to performance management, AI is transforming the way organizations attract, assess, and retain top talent, driving innovation and growth in the industry.

How is this AI In Recruitment Industry segmented?

The AI in recruitment industry industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Services
  Solutions


Deployment

  Cloud
  On-premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    Japan
    Singapore


  South America

    Brazil


  Rest of World (ROW)

By Co

[204+ Pages Report] The global AI Recruitment market size is expected to grow from USD 610.3 million in 2021 to USD 890.51 million by 2028, at a CAGR of 6.5% from 2022-2028

Discover Market Research Intellect's Third Party Recruitment Market Report, worth USD 45.12 billion in 2024 and projected to hit USD 78.90 billion by 2033, registering a CAGR of 7.8% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.