Staffing and Recruitment Market to exceed US$ 2,031.34 billion by 2031

    Published on 17-May-2024
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    Report : Staffing and Recruitment Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Staffing Type (Temporary and Permanent), Recruitment Channel (Online, Hybrid, and Offline), End User [IT and Telecom, BFSI, Healthcare (Hospitals and Clinics, Pharmaceutical, and Others), Retail and E-Commerce, and Others], and Geography

    According to our latest study on "Staffing and Recruitment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Staffing Type, Recruitment Channel, and End User," the staffing and recruitment market size was valued at US$ 757.56 billion in 2023 and is expected to reach US$ 2,031.34 billion by 2031; it is estimated to record a CAGR of 13.1% from 2023 to 2031.

    The staffing and recruitment market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC, respectively. The Europe staffing and recruitment market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, Germany dominated the staffing and recruitment market share. Western European countries are more technologically advanced than the Nordic and Eastern European countries, which is a major factor contributing to the high adoption of technological solutions across all industries in Western Europe. Germany, Italy, the UK, Spain, and other economically strong countries have been significantly implementing advanced solutions such as various software and cloud platform. Major market players in Europe are making investments to expand their geographical presence. For instance, in June 2021, Aviont

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