Global Employment Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Employment Services Market Report by The Business Research Company covers employment services market drivers and restraints, employment services market size, major players, and the impact of COVID-19 on the employment services market.
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 global employment services market is expected to grow from $978.72 billion in 2020 to $1.19 trillion 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 $1.67 trillion in 2025 at a CAGR of 9%.
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Some employment services market trends include companies and recruitment agencies increasingly relying on artificial intelligence to simplify the recruitment process. Recruitment processes involve 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.
Global employment services market segments include:
1) By Type: Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations.
2) By Vertical: Banking And Financial, Engineering, Medical, Information And Technology, Others.
3) By Mode: Online, Offline.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global employment services market, accounting for 34% of the market.
Read More On The Employment Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
The Employment Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides employment services market overviews, analyzes and forecasts market size, share, employment services market players, employment services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The employment services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Employment Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Adecco S A, Randstad Holding NV, Manpower Inc, HireRight LLC, Sterling Talent Solution
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Employment Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Employment Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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