Recruitment & Staffing Market Report 2025 (Global Edition)

Global Recruitment & Staffing Market Report 2025 Market Size Split by Type (Permanent Placement, Contract Staffing, Payroll Administration, Others), by Application (Financial and Legal Sector, Medical...

Recruitment & Staffing Market Report Description

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Competitive Landscape of the Recruitment & Staffing Market

The Recruitment & Staffing market is constantly changing and has a wide range of competitors competing for market dominance. Major players in the industry include Quess Corp Limited, Teamlease Services Limited, BigLeap Technologies & Solutions Private Limited, and GlobalHunt India Private Limited. These companies provide a variety of services such as temporary staffing, permanent placement, and workforce solutions to cater to the different requirements of clients in different sectors

May 2023: Shiftz, a staffing platform for the hotel industry, was created in Delhi with the goal of revolutionizing the employment process. Shiftz is a fully integrated system that employs intelligent profile matching to help businesses locate the best on-demand workers. (Source: https://www.hotelierindia.com/operations/the-hospitality-industry-staffing-platform-shiftz-launches-in-delhi) November 2022: Quess created an in-house digital platform, QJobs, that enables them to find jobs swiftly and transparently. The portal garnered 3.5 million registrations from job searchers and 2 million for job postings. The platform was created to fulfill the growing need for job possibilities among blue collar workers. (Source: https://economictimes.indiatimes.com/tech/tech-bytes/quess-corp-launches-qjobs-a-platform-for-blue-collar-recruiting/articleshow/79057336.cms?from=mdr)

Top Companies Market Share in Recruitment & Staffing Industry: (In no particular order of Rank)

• Quess Corp Limited
• Teamlease Services Limited
• BigLeap Technologies & Solutions Private Limited
• GlobalHunt India Private Limited
• Careeret Technologies Pvt. Ltd
• ABC Consultants
• Innovsource Services Pvt. Ltd
• PeopleStrong Technologies Pvt Lid.
• Upters Solutions Private Limited
• Focuse Management Consultants
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Recruitment & Staffing Market

Which Region Dominates the Recruitment & Staffing Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. North America's vibrant industries, such as technology, healthcare, finance, and manufacturing, fuel demand for talented workers. The technology sector, which includes Silicon Valley in the United States and technology clusters in Canada, is constantly in need of top-tier talent to drive innovation and growth.

Which Region is Expanding at the Fastest CAGR?

the Asia Pacific region is the fastest-growing region in the Recruitment & Staffing market. The recruitment sector in the region has experienced substantial growth due to dynamic economies, continuous technological advancement, and increasing demand for skilled workers in all industries. Asia Pacific is a significant driver in the global Recruitment & Staffing market, leading the way in innovation, digital transformation, and talent acquisition.

 

The current report Scope analyzes Recruitment & Staffing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Recruitment & Staffing

According to Cognitive Market Research, the global Recruitment & Staffing market size was estimated at USD 519848.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 207939.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Recruitment & Staffing market with a market size of USD 164064.19 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. Because of the tremendous demand for professional people in a variety of industries, the United States is a significant contributor to the North American Recruitment And Staffing Market.
• The Canada Recruitment & Staffing market had a market share of USD 24952.73 million in 2024 and is projected to grow at a CAGR of 8.9% during the forecast period. Canada's demand is driven by economic development, technological progress, and demographic transitions.
• The Mexico Recruitment & Staffing market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 18922.49 million in 2024.

Europe Recruitment & Staffing

According to Cognitive Market Research, the global Recruitment & Staffing market size was estimated at USD 519848.5 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 155954.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• The United Kingdom Recruitment & Staffing market had a market share of USD 26200.36 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. In the UK, Recruitment & Staffing sales witness an upswing due to the popularity of digital recruitment platforms and remote work arrangements is growing.
• The France Recruitment & Staffing market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 14347.82 million in 2024.
• According to Cognitive Market Research, the Germany Recruitment & Staffing market size was valued at USD 30879.00 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. In Germany, Recruitment & Staffing sales surged due to the country's strong economy, demand for skilled labor, and the need for specialized recruitment services.
• The Italy Recruitment & Staffing market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 13412.09 million in 2024.
• The Russia Recruitment & Staffing market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 24172.96 million in 2024.
• The Spain Recruitment & Staffing market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 12788.27 million in 2024
• The Luxembourg Recruitment & Staffing market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 4834.59 million in 2024.
• The Portugal Recruitment & Staffing market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 3275.05 million in 2024.
• The Greece Recruitment & Staffing market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1871.45 million in 2024.
• Rest of Europe's Recruitment & Staffing market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 24172.96 million in 2024.

Asia Pacific Recruitment & Staffing

According to Cognitive Market Research, the global Recruitment & Staffing market size was estimated at USD 519848.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 119565.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Recruitment & Staffing market size was valued at USD 53804.32 million in 2024 and is projected to grow at a CAGR of 11.4% during the forecast period. Recruitment & Staffing sales surge in China due to the growing demand for professional individuals in a variety of industries
• The Japan Recruitment & Staffing market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 16499.99 million in 2024.
• The India Recruitment & Staffing market had a market share of USD 14347.82 million in 2024 and is projected to grow at a CAGR of 13.7% during the forecast period. The size of the workforce, economic growth, technical advancements, and developing job market trends all have an impact on the demand for recruitment services in India.
• The South Korea Recruitment & Staffing market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 11956.52 million in 2024.
• The Australia Recruitment & Staffing market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 6217.39 million in 2024.
• The South East Asia Recruitment & Staffing market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 8250.00 million in 2024.
• The Rest of Asia Pacific Recruitment & Staffing market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 8489.13 million in 2024.

South America Recruitment & Staffing

According to Cognitive Market Research, the global Recruitment & Staffing market size was estimated at USD 519848.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 25992.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Recruitment & Staffing market size was valued at USD 11124.76 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. Recruitment & Staffing sales flourish in Brazil due to the rising labor costs incentivize adoption of ASRS for labor-saving.
• Argentina Recruitment & Staffing market had a market share of USD 4366.73 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. The Argentina Recruitment & Staffing market refers to the recruitment and staffing industry in Argentina. This market entails the process of sourcing, selecting, and placing people for various job positions around the country.
• Colombia Recruitment & Staffing market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 2313.33 million in 2024.
• Peru Recruitment & Staffing market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 2131.38 million in 2024.
• Chile Recruitment & Staffing market is projected to witness growth at a CAGR of 9.6% during the forecast period with a market size of USD 1871.45 million in 2024.
• The Rest of Latin America Recruitment & Staffing market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 4184.78 million in 2024.

Middle East and Africa Recruitment & Staffing

According to Cognitive Market Research, the global Recruitment & Staffing market size was estimated at USD 519848.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 10396.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.

• The GCC Countries Recruitment & Staffing market is projected to witness growth at a CAGR of 10.4% during the forecast period with a market size of USD 4449.90 million in 2024. This market involves the processes of identifying, attracting, and placing candidates in job roles within the GCC region.
• The Egypt Recruitment & Staffing market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 1091.68 million in 2024.
• The South Africa Recruitment & Staffing market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 1642.72 million in 2024. Recruitment & Staffing sales flourish in South Africa due to the country's diverse economy, growing industries, and increasing demand for skilled workers.
• The Turkey Recruitment & Staffing market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 894.14 million in 2024.
• The Nigeria Recruitment & Staffing market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1091.68 million in 2024.
• The Rest of MEA Recruitment & Staffing market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 1226.84 million in 2024.

Recruitment & Staffing Market Analysis

Recruitment & Staffing Market Type Segment Analysis

According to Cognitive Market Research, The largest segment is Permanent Placement. Permanent Placement or placing candidates in full-time positions with companies forms a major part of the recruitment industry. Permanent Placement plays an important role in helping qualified candidates find permanent job positions, fulfilling organizations long term staffing needs.

Contract Staffing is the fastest-growing category in the Recruitment & Staffing market. Contract Staffing or placing candidates in a temporary or project basis position with organizations is the segment which is growing by leaps and bounds as companies are looking for flexible solutions for their workforce requirements.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Recruitment & Staffing Industry. Request a Free Sample PDF!

Recruitment & Staffing Market Application Segment Analysis

According to Cognitive Market Research, Financial and Legal Sector is the most prominent of them. This segment includes professionals such as financial analysts, lawyers, accountants and auditors– among others. Thus, Financial and Legal Sector is crucial for effective functioning of businesses and institutions in the market that necessitates specialized hiring services to source for staff needed within these roles. Because of the intricate nature and specific qualification requirements for this job sector, it is an integral part of recruitment industry in which talented placements are always wanted to be made.

The Recruitment & Staffing market’s fastest growing segment is Medical and Science Sector. It consists of healthcare professionals, researchers, scientists, among others who have specialist roles in the medical/science fields. The changes in technology in medical researches along with health care primarily have resulted to the increase in demand for human capital in this sector.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Recruitment & Staffing Service Segment Analysis

Service Segment Analysis

According to Cognitive Market Research, the leading segment is Support & Maintenance. The provision of ongoing support and maintenance for clients ensures the smooth operation and maintenance of systems, applications, or products. This segment is vital for businesses to uphold the operation and reliability of technology solutions and therefore is vital for the recruitment industry. Businesses demand a continuous influx of skilled manpower into support and maintenance functions.

Integration & Deployment is the fastest-growing sector in the Recruitment & Staffing industry. New additions refer to the new systems, software, or technology being incorporated into organizations. When businesses are getting ready to experience digital transformations or adopting new technologies, they often need experts in integration and deployment to meet new requirements that come with new implementations or integrations. Businesses need skilled individuals to ensure a smooth implementation and rollout.

• Integration & Deployment
• Support & Maintenance
• Training & Consulting

Recruitment & Staffing Software Segment Analysis

Software Segment Analysis

According to Cognitive Market Research, the dominating segment is Recruiting. Recruiting refers to the process of sourcing, attracting, and selecting candidates for job roles in organizations. This segment is the most essential part of the recruitment business as corporations always have vacancies that need to be filled with competent and appropriate candidates. The large demand for recruitment services to select the right talent for different positions makes Recruiting the dominant segment in the market

the high growing segment in the Recruitment & Staffing market is Talent Management. Talent Management refers to employee development, performance management, and succession planning within corporations. As businesses value the necessity of retaining and developing their major talents, the demand for talent management services has grown substantially.

• Core HR
• Recruiting
• Talent Management
• Workforce Planning & Analysis
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Profile

Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion