Global Recruitment Advertising Agency Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Recruitment advertising agencies deliver important communication services to leading employers. Helping with the crafting, distribution, and marketing of job postings, recruitment ad agencies help generate demand and promote a positive and consistent employment brand.Market Overview:
The latest research study on the global Recruitment Advertising Agency market finds that the global Recruitment Advertising Agency market reached a value of USD 1838.73 million in 2022. It’s expected that the market will achieve USD 2717.68 million by 2028, exhibiting a CAGR of 6.73% during the forecast period.
Recruiters have to turn to the virtual recruitment and employment process. Enterprise teams are using various online communication and collaboration tools to achieve it. They also produced videos of recruiters, provided step-by-step instructions on how candidates went through the application process, and adjusted the paperwork process to include electronic signatures. Recruiters have been sending more text messages to job seekers and using chat bots to provide services for job seekers, applicants and job seekers.
The COVID-19 epidemic has changed people's way of life and the way of recruitment. With the rapid development of the Internet, job advertisements combined with the Internet will attract talents. Recruitment Advertising Agency enterprises need continuous innovation to meet the development trend of the industry.
Market expansion in developed countries drives the development of the industry
In developed markets, there are more international companies, good channels, high market maturity, fierce competition among industries, and market expansion among enterprises through mergers and acquisitions. The company's high-quality management team, technical and financial advantages, continuous innovation, highlighting the large investment of market participants in R&D, the introduction of new technologies, the company's product development and innovation, created the company's brand effect, and improved its international popularity. All these factors will promote the growth of market demand for Recruitment Advertising Agency, thus promoting the development of the industry.
Increased security risks
Software connected to the Internet is facing an increasing risk of network attack, and in some cases, companies may be blackmailed and threatened. The rapid development of the Internet has brought about the digital age. The data needs to be saved in the account. The use of the Internet will pose a threat to the company's information security. Therefore, companies can use cloud-based software, which is more secure. Software needs to be continuously upgraded to solve the security problem.Region Overview:
In 2022, the share of the Recruitment Advertising Agency market in North America stood at 47.96%.Company Overview:
Bayard Advertising, Radancy, Symphony Talent, Recruitics and Shaker Recruitment Marketing are the five key players in the global Recruitment Advertising Agency market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Recruitment Advertising Agency market in the past 5 years.
Bayard is an end-to-end recruitment marketing and employer brand agency. Bayard use a mix of data and expertise to build recruitment strategies focused on solving company challenges. Understanding that no two companies are the same, its recommendations can include a mix of EVP & Employer Branding, Programmatic Advertising, Media Strategy, Technology, Social Media, Advanced Analytics, and DE&I Strategy.
Radancy, formerly known as TMP Worldwide Advertising & Communications, LLC is an independent technology company that provides SaaS for recruitment and talent acquisition. Headquartered in New York City, the company has 14 offices in the United States, as well as international locations in Brazil, Canada, Germany, France, the United Kingdom, India and Singapore.Segmentation Overview:
As for product types, the Strategy segment held the largest market share in 2022.Application Overview:
The market's largest segment by application is the segment Large Company, with a market share of 86.06% in 2022.Key Companies in the global Recruitment Advertising Agency market covered in Chapter 3:
Shaker Recruitment Marketing
eQuestIn Chapter 4 and Chapter 14.2, on the basis of types, the Recruitment Advertising Agency market from 2018 to 2029 is primarily split into:
Job PostingIn Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Recruitment Advertising Agency market from 2018 to 2029 covers:
SMEsGeographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)