Middle East & Africa Online Recruitment Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Job Type & Application

Middle East & Africa Online Recruitment Market Forecast to 2028 - COVID-19 Impact & Regional Analysis By Job Type & Application

  • July 2021 •
  • 72 pages •
  • Report ID: 6134702 •
  • Format: PDF
The online recruitment market in MEA is expected to grow from US$ 1,939.15 million in 2021 to US$ 2,512.43 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. Rise of fully remote companies and social media recruiting is also bolstering the growth of the industry. Flexible schedules and work from home plans are quickly becoming one of the most demanded perks by job seekers, and businesses are adjusting to meet their workers’ needs. As a result, the globe is seeing a growing number of entirely remote businesses. Companies are increasing their online talent pool by encouraging employees to operate remotely because they can now access global talent without being constrained by regional boundaries. As a result, it is observed that more people are using apps and technologies like online recruitment solutions, virtual workplaces, augmented and virtual reality work environments, and advanced multi-media networking tools to control remote hiring and teams. As recruiters reach for the extra mile, they have adopted social media for attracting potential candidates. With increased mobile usage and on-the-go interactions, recruiters are increasingly capturing users’ attention on platforms such as Facebook, Twitter, and LinkedIn. For instance, according to a survey, nearly three-quarters of staff aged 18 to 34 find their most recent jobs via social media. Furthermore, almost 90% of recruiters claim they have recruited someone through LinkedIn. Thus, the rising adoption of social media for recruitment by employers is expected to promote the growth of the online recruitment market, thereby fueling the growth of the online recruitment market.

Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the main countries facing the impact of COVID-19 in the Middle East and Africa. Saudi Arabia’s economy shrank by 7% in the Q2 2020, and unemployment reached a new high of 15.4% in the country during the same period. According to the General Authority for Statistics, both the private and public sectors experienced negative growth rates of 10.1% and 3.5%, respectively. These adversities have significantly contributed to the unemployment across the Middle East, thereby negatively impacting the online recruitment market performance. Similarly, in Q4 2020, South Africa’s unemployment rate reached a new peak of 32.5%, implying that 7.2 million people were unemployed. However, with the slowly fading effect of COVID-19 across the MEA, leading to the normalization of the industries, the demand for skilled employees is also on rise, which is rising the demand for online recruitment across the region thereby, maintaining the social distancing rules of the government.

The IT segment led the online recruitment market based on application type in 2020.Information technology, or IT, refers to the transfer or other use of data by computers or computer systems.

IT experts are responsible for a variety of activities.They test, develop, install, repair, or manage the hardware and software associated with complex computer systems in one or more locations.

To manage their diverse network of computer systems, some businesses employ a number of IT professionals from around the world.This encourages the adoption of online recruitment for IT professionals across organizations.

Main job profiles of IT professionals include cloud infrastructure architect, enterprise architect, IT systems architect, solutions architect, and technical architect. Various online recruitment companies, including itForte, Dice, Angel.co and Authentic Jobs, focus on only IT recruitment, which is ultimately drives the online recruitment market.
The overall MEA online recruitment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the MEA online recruitment market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MEA online recruitment market. Info Edge (India) Ltd. (naukri.com); itForte; LinkedIn Corporation; SH Inc; StepStone GmbH; and SH Inc are among a few players operating in the MEA online recruitment market
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