Middle East and Africa Online Recruitment Market
No. of Pages: 72 | Report Code: TIPRE00023573 | Category: Technology, Media and Telecommunications
No. of Pages: 72 | Report Code: TIPRE00023573 | Category: Technology, Media and Telecommunications
The MEA online recruitment market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The Middle East & Africa is a robust and vast-resource job market. Stability and lucrative compensation packages continue to attract talented individuals willing to work in organizations offering growth opportunities. HR continuously provides pragmatic solutions to the government and private employers’ inherently conflicting goals. In addition, candidate engagement is becoming more important in the efficient fulfillment of job vacancies. Moreover, it is estimated that over 230 million job profiles will require employees with digital skillset by 2030, resulting in nearly 650 million training opportunities, including retraining, as reported in the IFC Digital Skills study in sub-Saharan Africa. The digital skillset is often verified by employers through keen observation of activities on online platforms, which is promoting the adoption of online recruitment in the region. More than 40% of Middle East & African companies in 2015 took a long-time to fulfill job vacancy. The average time taken by them was 2–3 months. However, the advent and adoption of internet across the region not only helped companies to speed up their recruitment process but also attract better talent for the empty positions. With the various online platforms available in the region, companies are now able to search through millions of CVs and extract out the exact candidate required for their job with the help of various filters such as candidate location, skills, and certifications. For instance, Simplify, a company based in Africa, efficiently tracks, screens, and filters applicants with the intuitive applicant management software. With a single click, it automatically posts multiple free and premium job boards, job search engines, and social profiles. This way, the software helps companies hire employees efficiently. The ease provided by automation is creating the demand for online recruitment
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia's economy shrank by 7% in the Q2 2020, and unemployment reached a new high of 15.4% in the country during the same period. According to the General Authority for Statistics, both the private and public sectors experienced negative growth rates of 10.1% and 3.5%, respectively. These adversities have significantly contributed to the unemployment across the Middle East, thereby negatively impacting the online recruitment market performance. Similarly, in Q4 2020, South Africa's unemployment rate reached a new peak of 32.5%, implying that 7.2 million people were unemployed. However, with the slowly fading effect of COVID-19 across the MEA, leading to the normalization of the industries, the demand for skilled employees is also on rise, which is rising the demand for online recruitment across the region thereby, maintaining the social distancing rules of the government
Strategic insights for the Middle East and Africa Online Recruitment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,939.15 Million |
| Market Size by 2028 | US$ 2,512.43 Million |
| Global CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Job Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Online Recruitment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The online recruitment market in MEA is expected to grow from US$ 1,939.15 million in 2021 to US$ 2,512.43 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.Combination of technologies in online recruitment; Recruiters are constantly using HR automation software in their work. These integrated technology solutions aid in the identification, attraction, engagement, nurturing, and conversion of candidates into applicants. These tools streamline the recruiting process by automating it, making it more effective and quicker. AI is being used by a growing number of companies in their recruiting processes. Various solutions such as applicant tracking software, interviewing software, and candidate relationship management software are enhancing the overall online recruitment processes. To take optimum advantage of online recruitment, recruitment firms are implementing data analytics-driven solutions for their applicant tracking processes. Jobvite unveiled a data science strategy to power its HR product portfolio in January 2020. This program aims to ensure that company recruiters are given the best-fit applicants and that both candidates and recruiters are not wasting time. This data-driven approach combines various algorithms and data sources to cover both enterprise-wide recruiting preferences and employee recruiter preferences. To increase technology adoption in online recruitment processes, recruitment firms are forming several cutting-edge technology alliances. Thus, the above-mentioned factors, coupled with the availability of various recruitment solutions in the market, are influencing the adoption of online recruitment processes, thereby driving the market This is bolstering the growth of the online recruitment market.
In terms of job type, the permanent segment accounted for the largest share of the MEA online recruitment market in 2020. In terms of application, the IT segment held a larger market share of the online recruitment market in 2020. Further, the energy & power segment held a larger share of the market based on end user in 2020.
A few major primary and secondary sources referred to for preparing this report on the online recruitment market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Info Edge (India) Ltd. (naukri.com);
The Middle East and Africa Online Recruitment Market is valued at US$ 1,939.15 Million in 2021, it is projected to reach US$ 2,512.43 Million by 2028.
As per our report Middle East and Africa Online Recruitment Market, the market size is valued at US$ 1,939.15 Million in 2021, projecting it to reach US$ 2,512.43 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.
The Middle East and Africa Online Recruitment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Online Recruitment Market report:
The Middle East and Africa Online Recruitment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Online Recruitment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Online Recruitment Market value chain can benefit from the information contained in a comprehensive market report.
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