Europe Staffing and Recruitment Market Forecast to 2030 - Regional Analysis - by Staffing Type, Recruitment Channel, and End User

The Europe staffing and recruitment market is expected to grow from US$ 2,07,603.04 million in 2022 to US$ 5,99,167.16 million by 2030. It is estimated to record a CAGR of 14.2% from 2022 to 2030.

Rise in Youth Population Drives Europe Staffing and Recruitment Market

The youth (aged under 30) constitute more than half (i.e., 33%) of the population across the globe. The magnitude of this youth population varies significantly globally, with there are 1.2 billion young population aged between 15 to 24 years, accounting for 16% of the global population. The significant growth in the youth population presents an opportunity and the need for renewed efforts and investments to create new jobs. Rising number of youth population creates a larger pool of potential job candidates, which increases the requirement for skilled staffing and recruitment professionals. Thus, generating opportunities in the market during the forecast period.

Growing demand for IT specialists or technicians to manage the technical complexities of business requires skilled workers in various industries. The dominance of technology in the business for managing day-to-day operation mandate entrepreneurs to update themselves with the new technology or hire skilled workers. Hire an IT technician requires appropriate staffing and recruitment agencies that are capable of fulfilling the vacant position. Today’s youth are highly attracted to new technology and eager to learn and use them in their tasks.

Companies across the globe are transforming their operation by implementing new technologies such as artificial intelligence (AI), big data, internet of things, and others. These technologies should be appropriately used to skill and empower the youth in their jobs. AI technology is highly adopted to reduce the manual staffing and recruitment process. Increased digitalization offers lucrative opportunities in the country by creating new jobs and entrepreneurship.

Europe Staffing and Recruitment Market Overview

The Europe staffing and recruitment market is segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. 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, Avionté and Timerack partnered to integrate Timerack’s time management solution with Avionté+ to help clients build a scalable, secure, and integrated tech stack. This integration allows employee and placement data to automatically feed from Avionté to Timerack by recording time.

Europe Staffing and Recruitment Market Revenue and Forecast to 2030 (US$ Million)

Europe Staffing and Recruitment Market Segmentation

The Europe staffing and recruitment market is segmented into staffing type, recruitment channel, end user, and country.

Based on staffing type, the Europe staffing and recruitment market is bifurcated into permanent and temporary. The permanent segment held a larger share of the Europe staffing and recruitment market in 2022.

In terms of recruitment channel, the Europe staffing and recruitment market is segmented into online, hybrid, and offline. The online segment held the largest share of the Europe staffing and recruitment market in 2022.

By end user, the Europe staffing and recruitment Market is categorized into IT and telecom, BFSI, healthcare, retail and E-Commerce, and others. The IT and telecom segment held the largest share of the Europe staffing and recruitment market in 2022.

Based on country, the Europe staffing and recruitment market is segmented int o Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated Europe staffing and recruitment market in 2022.

Adecco Group AG, Alliance Recruitment Agency, Brunel International NV, Hays Plc, Korn Ferry, Medacs Global Group Ltd, Morgan Philips Group SA, NES Fircroft, and Randstad NV are some of the leading companies operating in the Europe staffing and recruitment market.

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