According to the recent research report titled ‘Global Online Recruitment Market (2021 Edition) - Analysis By Type (Permanent, Part Time), Application (????nuf????tur??ng, F??n??n???u, ???urv?????us, ??th?urs), By region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report, global online recruitment market was worth USD 2.76 billion in 2020 and is expected to accrue substantial revenues over 2021-2026.
 

Growing penetration of smartphones, increasing usage of social media, and effectiveness of online platforms in connecting job seekers with potential employers are significantly contributing to global online recruitment market development.
 

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Numerous companies are investing in research & development activities and technological advancements, which along with rising focus on automation are further adding to the industry progression.
 

Speaking of recent developments, the outbreak of COVID-19 pandemic severely impacted the regional and local supply chains, plummeting discretionary expenditure levels, consumer confidence, economic activity, as well as recruitment to a large extent, hence arresting the industry growth.
 

Based on application spectrum, global online recruitment market is split into service industry, finance industry, manufacturing industry, and others. As per type, the market segmentation comprises part time, and permanent.
 

Coming to regional front, Americas (the United States, Canada, Mexico, Brazil), Asia Pacific (Japan, China, South Korea, India), and Europe (Russia, Germany) are the leading contributors to the overall market remuneration.
 

The report states that Asia Pacific is projected to become the largest online recruitment industry over the coming years, owing to presence of major contenders offering diverse portfolios of candidates that could fulfill the recruiting companies or employer’s criteria. Further, these leading organizations have undertaken acquisitions and collaborations to expand their geographical reach, thereby adding to the regional market expansion.
 

Major contenders operating in worldwide online recruitment marketplace are Robert Walters Group, CPL Resources plc, Robert Half International, Randstad N.V., 51job Inc., New Work SE (XING), Seek Ltd., Info Edge (India) Ltd., HeadHunter Group, and Recruit Holdings Co. Ltd.