Asia Pacific Staffing and Recruitment Market Forecast to 2030 - Regional Analysis - by Staffing Type (Permanent and Temporary), Recruitment Channel (Online, Hybrid, and Offline), and End User (IT and Telecom, BFSI, Healthcare, Retail and E-Commerce, and Others)
The Asia Pacific staffing and recruitment market is expected to grow from US$ 1,41,769.35 million in 2022 to US$ 3,87,083.75 million by 2030. It is estimated to record a CAGR of 13.4% from 2022 to 2030.
Growing adoption of Remote Working and Hybrid Business Model Boosts Asia Pacific Staffing and Recruitment Market
The COVID-19 pandemic shifted consumer preference towards the adoption of remote or hybrid work models. Millions of workers across the globe have already started working from home. Businesses have seen opportunities and resounding success while working from home. Today, many companies worldwide have fully adopted work from home model. According to the Pew Research Center, only 6% of employees primarily worked remotely, and it is expected to increase by 25% by the end of 2023. In 2022, 60% of workers want to work from home, which encourage businessman to adopt a remote or hybrid business model for offering work-life balance to their employees. Remote work allows employees to access a broader and more diverse talent pool beyond geographical boundaries. Remote or hybrid work models benefited both employers and candidates. Staffing and recruitment solutions help employers to connect candidates across the globe.
The adoption of remote and hybrid working model mandate businesses to create or adopt staffing and recruitment protocols for designing job offers, recruiting appropriate candidate, and hiring & onboarding new candidates regardless of where they live. Furthermore, remote and hybrid working helps businesses to reduce overhead costs associated with traditional office space. Efficient staffing and recruitment solutions help employers to minimize the cost incurred in their numerous hiring processes such as advertising, administrative, and traveling expenses. Staffing agencies offer companies with temporary, contract, and freelance workers as per their needs. This flexibility is particularly valuable in a remote work environment where entrepreneurs commonly use project-based or seasonal work. For instance, according to the Indian Staffing Federation, Flexi hiring is expected to grow by 14% over last year's volumes in the festive season, especially in job roles. Festive season created job opportunities for delivery personnel and support functions, supply chain and logistics operations, and packaging and warehouse management. At this time, enterprises require workers to fulfill consumer needs, which increases the demand for staffing and recruitment solutions. These solutions support entrepreneurs in hiring remote or contractual-based workers. Staffing and recruitment agencies help entrepreneurs by connecting with the right candidate, reducing costs, and ensuring compliance while offering flexibility in remote working, thereby enhancing the adoption of staffing & recruitment solutions to streamline the hiring process.
Asia Pacific Staffing and Recruitment Market Overview
The Asia Pacific staffing and recruitment market is segmented into Australia, China, South Korea, India, Japan, and the Rest of Asia Pacific. The market has massive growth potential, with rapidly-growing countries such as China and India as well as developed nations such as Japan. The region has a well-established manufacturing sector, including electronics, food & beverages, automobiles, and healthcare industries, among others. The manufacturing sector in Asia Pacific is rapidly adopting automation, AI, cloud-based solutions, and other new technologies. The staffing and recruitment market in Asia Pacific is highly fragmented due to the increasing number of players that offer customized staffing and recruitment solutions and services to their clients across developing nations.
According to the Asian Development Bank (ADB) Institute survey, Asia Pacific lost 8% of working hours in 2020 due to the COVID-19 pandemic. Growing employment rates increase the demand for staffing and recruitment services as it simplifies the hiring process. The India government has introduced the concept of universal employment. In December 2020, the Ministry of Employment and Labour of India established a roadmap to gradually extend employment insurance coverage to all workers by 2025. Thus, initiatives by governments of various nations are likely to create employment opportunities for the unemployed population among enterprises in the region in the coming years.
Asia Pacific Staffing and Recruitment Market Revenue and Forecast to 2030 (US$ Million)
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Asia Pacific Staffing and Recruitment Market Segmentation
The Asia Pacific staffing and recruitment market is segmented into staffing type, recruitment channel, end user, and country.
Based on staffing type, the Asia Pacific staffing and recruitment Market is bifurcated into permanent and temporary. The permanent segment held a larger share of the Asia Pacific staffing and recruitment market in 2022.
In terms of recruitment channel, the Asia Pacific staffing and recruitment market is segmented into online, hybrid, and offline. The online segment held the largest share of the Asia Pacific staffing and recruitment market in 2022.
By end user, the Asia Pacific staffing and recruitment Market is categorized into IT and telecom, BFSI, healthcare, retail and E-Commerce, and others. The IT and telecom segment held the largest share of the Asia Pacific staffing and recruitment market in 2022.
Based on country, the Asia Pacific staffing and recruitment market is segmented into China, Japan, India, South Korea, Australia, Thailand, Vietnam, and the Rest of Asia Pacific. China dominated Asia Pacific staffing and recruitment market in 2022.
Adecco Group AG, Alliance Recruitment Agency, Brunel International NV, Hays Plc, Korn Ferry, Medacs Global Group Ltd, Morgan Philips Group SA, NES Fircroft, and Randstad NV are some of the leading companies operating in the Asia Pacific staffing and recruitment market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Staffing and Recruitment Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. Asia Pacific Staffing and Recruitment Market - Key Industry Dynamics
5.1 Asia Pacific Staffing and Recruitment Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Huge Job Opportunities in BFSI and IT Sectors
5.2.2 Rise in Youth Population
5.3 Market Restraints
5.3.1 Lack of Qualified Job Seekers
5.4 Market Opportunities
5.4.1 Growing adoption of Remote Working and Hybrid Business Model Across the Globe
5.5 Future Trends
5.5.1 Automation and AI-Driven Recruitment
5.6 Impact of Drivers and Restraints:
6. Staffing and Recruitment Market - Asia Pacific Market Analysis
6.1 Asia Pacific Staffing and Recruitment Market Revenue (US$ Million), 2020 - 2030
6.2 Asia Pacific Staffing and Recruitment Market Forecast and Analysis
7. Asia Pacific Staffing and Recruitment Market Analysis - Staffing Type
7.1 Temporary
7.1.1 Overview
7.1.2 Temporary: Market Revenue and Forecast to 2030 (US$ Million)
7.2 Permanent
7.2.1 Overview
7.2.2 Permanent: Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Staffing and Recruitment Market Analysis - Recruitment Channel
8.1 Online
8.1.1 Overview
8.1.2 Online: Market Revenue and Forecast to 2030 (US$ Million)
8.2 Hybrid
8.2.1 Overview
8.2.2 Hybrid: Market Revenue and Forecast to 2030 (US$ Million)
8.3 Offline
8.3.1 Overview
8.3.2 Offline: Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Staffing and Recruitment Market Analysis - End User
9.1 IT and Telecom
9.1.1 Overview
9.1.2 IT and Telecom: Market Revenue and Forecast to 2030 (US$ Million)
9.2 BFSI
9.2.1 Overview
9.2.2 BFSI: Market Revenue and Forecast to 2030 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare: Market Revenue and Forecast to 2030 (US$ Million)
9.4 Retail & E-Commerce
9.4.1 Overview
9.4.2 Retail & E-Commerce: Market Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Market Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Staffing and Recruitment Market - Country Analysis
10.1 Asia Pacific Staffing and Recruitment Market Overview
10.1.1 Asia Pacific Staffing and Recruitment Market Breakdown, by Country
10.1.1.1 Asia Pacific Staffing and Recruitment Market Revenue and Forecasts and Analysis - By Country
10.1.1.2 China Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 China Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.2.2 China Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.2.3 China Staffing and Recruitment Market Breakdown by End User
10.1.1.3 Japan Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Japan Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.3.2 Japan Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.3.3 Japan Staffing and Recruitment Market Breakdown by End User
10.1.1.4 South Korea Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 South Korea Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.4.2 South Korea Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.4.3 South Korea Staffing and Recruitment Market Breakdown by End User
10.1.1.5 India Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 India Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.5.2 India Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.5.3 India Staffing and Recruitment Market Breakdown by End User
10.1.1.6 Australia Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Australia Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.6.2 Australia Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.6.3 Australia Staffing and Recruitment Market Breakdown by End User
10.1.1.7 Thailand Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.7.1 Thailand Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.7.2 Thailand Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.7.3 Thailand Staffing and Recruitment Market Breakdown by End User
10.1.1.8 Vietnam Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.8.1 Vietnam Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.8.2 Vietnam Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.8.3 Vietnam Staffing and Recruitment Market Breakdown by End User
10.1.1.9 Rest of Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.9.1 Rest of Asia Pacific Staffing and Recruitment Market Breakdown by Staffing Type
10.1.1.9.2 Rest of Asia Pacific Staffing and Recruitment Market Breakdown by Recruitment Channel
10.1.1.9.3 Rest of Asia Pacific Staffing and Recruitment Market Breakdown by End User
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Adecco Group AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Alliance Recruitment Agency
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Brunel International NV
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hays Plc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Korn Ferry
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Medacs Global Group Limited
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Morgan Philips Group SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NES Fircroft
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Randstad NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Asia Pacific Staffing and Recruitment Market Segmentation
Table 2. Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 4. Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million) -Recruitment Channel
Table 5. Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Million) - End User
Table 6. Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
Table 7. China Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 8. China Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 9. China Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 10. Japan Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 11. Japan Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 12. Japan Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 13. South Korea Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 14. South Korea Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 15. South Korea Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 16. India Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 17. India Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 18. India Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 19. Australia Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 20. Australia Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 21. Australia Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 22. Thailand Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 23. Thailand Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 24. Thailand Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 25. Vietnam Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 26. Vietnam Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 27. Vietnam Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 28. Rest of Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Staffing Type
Table 29. Rest of Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By Recruitment Channel
Table 30. Rest of Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
Table 31. Company Positioning & Concentration
Table 32. List of Abbreviation
List of Figures
Figure 1. Asia Pacific Staffing and Recruitment Market Segmentation, By Country
Figure 2. Ecosystem: Asia Pacific Staffing and Recruitment Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Staffing and Recruitment Market Revenue (US$ Million), 2020 - 2030
Figure 5. Asia Pacific Staffing and Recruitment Market Share (%) - Staffing Type, 2022 and 2030
Figure 6. Temporary: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Permanent: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Asia Pacific Staffing and Recruitment Market Share (%) - Recruitment Channel, 2022 and 2030
Figure 9. Online: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Hybrid: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Offline: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Staffing and Recruitment Market Share (%) - End User, 2022 and 2030
Figure 13. IT and Telecom: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. BFSI: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Healthcare: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Retail & E-Commerce: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Others: Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Staffing and Recruitment Market, by Key Country - Revenue (2022) (US$ Mn)
Figure 19. Staffing and Recruitment Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. China Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Japan Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. South Korea Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. India Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Australia Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Thailand Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Vietnam Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Rest of Asia Pacific Staffing and Recruitment Market Revenue and Forecasts to 2030 (US$ Mn)
1. Adecco Group AG
2. Alliance Recruitment Agency
3. Brunel International NV
4. Hays Plc
5. Korn Ferry
6. Medacs Global Group Ltd
7. Morgan Philips Group SA
8. NES Fircroft
9. Randstad NV
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific staffing and recruitment market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific staffing and recruitment market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.