Dublin, Feb. 23, 2021 (GLOBE NEWSWIRE) -- The "Employment Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Employment Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global employment services market as it emerges from the COVID-19 shut down.
Major companies in the employment services market include Adecco S A; Randstad Holding NV; Manpower Inc; HireRight LLC and Sterling Talent Solution.
The global employment services market is expected to grow from $978.72 billion in 2020 to $1193.68 billion in 2021 at a compound annual growth rate (CAGR) of 22%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1677.81 billion in 2025 at a CAGR of 9%.
The employment services market consists of sales of employment services and related goods by entities (organizations, sole traders and partnerships) that list employment vacancies and refer or place applicants for employment; provide executive search, recruitment, and placement services; supply workers to clients' businesses for limited periods of time to supplement the working force of the client; or provide human resources and human resource management services to client businesses and households. The employment services market is segmented into employment placement agencies; executive search services; temporary help services and professional employer organizations.
North America was the largest region in the global employment services market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global employment services market. Middle East was the smallest region in the global employment services market.
Executive search services companies and recruitment agencies are increasingly relying on artificial intelligence to simplify recruitment process. Recruitment process involves screening of profiles from a large applicant pool which is time consuming. Artificial intelligence can automate this process for effective screening and assessment of candidates.
Additionally, artificial intelligence powered chat bots are being used for initial communication with job applicants and scheduling interviews. For instance, the ARYA platform by Leoforce uses artificial intelligence to analyse profiles, resumes and information on the web to screen job applicants. Olivia, a chat bot communicates with candidates through mobile platforms or social channels to schedule interviews.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Employment Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Employment Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Employment Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Employment Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Employment Services Market Trends and Strategies
8. Impact of COVID-19 on Employment Services
9. Employment Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Employment Services Market Regional Analysis
10.1. Global Employment Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Employment Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Employment Services Market, Growth and Market Share Comparison, by Region
11. Employment Services Market Segmentation
11.1. Global Employment Services Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Employment Placement Agencies
- Executive Search Services
- Temporary help Services
- Professional Employer Organizations
11.2. Global Employment Services Market, Segmentation by Vertical, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Banking and Financial
- Engineering
- Medical
- Information and Technology
- Others
11.3. Global Employment Services Market, Segmentation by Mode, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Online
- Offline
12. Employment Services Market Metrics
12.1. Employment Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Employment Services Market Expenditure, 2015-2025, Global
Companies Mentioned
- Adecco S A
- Randstad Holding NV
- Manpower Inc.
- HireRight LLC
- Sterling Talent Solution
For more information about this report visit https://www.researchandmarkets.com/r/aqv0ve