Published Date : May 23, 2016
ALBANY, New York, May 23, 2016 – MarketResearchReports.biz has announced the addition of a new study on the U.S. market for online recruitment to its vast repository. The research report, titled “Online Recruitment Market In The US 2016-2020,” offers a comprehensive assessment of this market, taking the current and imminent market trends into consideration.
According to this research study, the U.S. market for online recruitment is expected to rise at a CAGR of 6.47% during the period from 2016 to 2020, surpassing US$10 bn by the end of the forecast period. The increasing application of big data services in the human resources sector is likely to boost this market significantly over the forecast period.
The rising penetration of mobiles, smartphones, and tablets has stimulated the trend of posting job notifications through online recruitment sites. This trend is showing a positive impact on this market as, with this, candidates can connect with employers irrespective of the place and the time.
Apart from this, recruiting agencies are also focusing on introducing mobile apps and mobile-friendly websites to gain profits from the heightened usage of mobile devices. The increased investments in online recruitment technology by major vendors are also projected to propel the growth of this market in the U.S. over the forecast period, notes the research study.
The recent boom in social media has created multiple business opportunities for online recruitment service providers in the U.S. A number of companies are utilizing social recruitment platforms for hiring employees. The rising popularity of various social media networks such as Facebook and LinkedIn has also bolstered this market as these platforms feature a large number of job postings and have a sizeable audience.
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Analysts expect the growing significance of social networks for recruitments to fuel the demand for online recruitment tools, resulting in the growth of this market over the forecast period. In addition to this, the increasing awareness regarding the benefits of online recruitment such as easy referrals, optimum candidate engagement, and higher chances to identify suitable candidates is prompting more organizations to modify their recruitment structure using social media platforms, adding significantly to the market’s rise, states the research report.
The competitive landscape of the U.S. online requirement market has also been studied in this research report. The study presents the existing market hierarchy by analyzing profiles of major market players.
According to it, the online recruitment market in the U.S. is moderately fragmented. CareerBuilder, LinkedIn, Indeed, Monster are the leading players in this market. Facebook, Top USA Jobs, talentReef, Dice, Idealist, iCIMS, Lumesse, Health Jobs Nationwide, ZipRecruiter, Craigslist, Simply Hired Inc., College Recruiter, Glassdoor, and Pinterest are the other significant market participants mentioned in this research study.
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