Recruitment Service Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Product Type

By: HDIN Research Published: 2025-04-13 Pages: 99
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Recruitment Service Market Summary
Introduction to the Recruitment Service Industry
The recruitment service industry plays a pivotal role in bridging the gap between employers and job seekers, facilitating the allocation of human capital across various sectors globally. This industry encompasses a wide range of services, including permanent, temporary, and contract recruitment, catering to diverse workforce needs. In 2023, the U.S. Bureau of Labor Statistics reported that 70,274,000 professionals were employed in white-collar occupations—such as management, business, financial, and technology roles—representing 44% of the total U.S. workforce. The recruitment sector is characterized by its adaptability to economic cycles, technological advancements, and shifting labor market dynamics. For instance, the establishment of the Department of Government Efficiency (DOGE) by the Trump administration on January 20, 2025, aimed at reducing federal spending, has led to significant layoffs, with at least 56,230 federal jobs cut by March 28, 2025, impacting recruitment demand in the public sector. Conversely, private sector growth, particularly among New American Fortune 500 companies generating USD 8.6 trillion in revenue in 2023, highlights the robust demand for recruitment services in high-performing industries. The industry is also witnessing a technological transformation, with artificial intelligence (AI), automation, and data analytics increasingly integrated into hiring processes to enhance efficiency and precision. Japan, Germany, France, and Australia stand out as key markets, reflecting the global nature of recruitment services driven by industrialization, workforce mobility, and corporate expansion.

Market Size and Growth Forecast
The global recruitment service market is projected to reach a value of USD 650 billion to USD 680 billion by 2025. Looking ahead, the market is expected to grow at a compound annual growth rate (CAGR) of 12% to 15% through 2030, fueled by rising demand for skilled talent, technological innovation, and the expansion of gig and flexible work arrangements.

Regional Analysis
North America anticipates a growth rate of 11% to 14%, driven by the U.S., where a dynamic economy and technological adoption fuel recruitment needs across sectors like IT, finance, and healthcare. The significant revenue from New American Fortune 500 companies underscores the region’s robust demand for permanent and contract staffing.
Asia Pacific expects a growth rate of 13% to 16%, with Japan as the second-largest market globally, generating USD 72 billion in staffing revenue in 2023. Trends in Japan reflect a focus on technology and professional services, while emerging economies like India and China see rapid growth due to industrialization and startup ecosystems.
Europe projects a growth rate of 10% to 13%, with Germany and France leading as major markets. Germany’s staffing market, valued at USD 38.2 billion in 2023 with 701,490 open positions in 2024, benefits from a strong industrial base, while France, generating USD 36.7 billion in 2023, sees steady demand in professional and service sectors.
Oceania anticipates a growth rate of 11% to 14%, led by Australia, where staffing revenue reached USD 30.5 billion in 2023. The Australian Government Jobs and Skills Atlas reported over 14.5 million employed by late 2024, with key sectors like construction, professional services, and education driving recruitment growth of 3% in 2025 and 5% by 2026.

Type Analysis
Permanent Recruitment: Expected to grow at 10% to 13%, this segment focuses on long-term hires in management, technology, and financial roles. Trends indicate a shift toward skills-based hiring to address talent shortages.
Temporary Recruitment: Projected at 12% to 15%, temporary staffing meets short-term needs, particularly in response to economic uncertainty and project-based work, with growing adoption in construction and healthcare.
Contract Recruitment: Anticipated at 13% to 16%, this type caters to specialized roles in IT and engineering, reflecting the rise of gig work and flexible employment models.

Key Market Players
Adecco Group: A Swiss-based leader, Adecco offers comprehensive staffing solutions globally, specializing in temporary and permanent placements.
Randstad: A Dutch multinational, Randstad excels in flexible staffing and HR services across diverse industries.
Lyneer: A U.S. firm, Lyneer focuses on industrial and administrative staffing, serving regional markets.
Recruit Holdings: A Japanese giant, Recruit dominates Asia with technology-driven recruitment platforms.
Allegis Group: A U.S.-based company, Allegis specializes in IT and engineering staffing solutions.
Kelly Services: A U.S. firm, Kelly provides workforce solutions with a focus on temporary staffing.
Hays plc: A UK-based player, Hays targets professional and technical recruitment globally.
Manpower: A U.S. multinational, Manpower offers broad staffing services with a strong temporary focus.
Robert Half: A U.S. company, Robert Half excels in finance and accounting recruitment.
Kforce: A U.S. firm, Kforce focuses on technology and professional staffing.
PageGroup: A UK-based company, PageGroup serves white-collar recruitment markets worldwide.
Korn/Ferry International: A U.S. leader, Korn/Ferry specializes in executive search and leadership consulting.
Alexander Mann: A UK firm, Alexander Mann provides talent acquisition and outsourcing services.

Porter’s Five Forces Analysis
●Threat of New Entrants: Moderate. High operational costs and established networks create barriers, though digital platforms lower entry for tech-driven startups.
●Threat of Substitutes: Moderate to High. In-house hiring and freelance platforms compete, but specialized recruitment expertise sustains demand.
●Bargaining Power of Buyers: High. Employers leverage multiple providers and technology to negotiate rates, especially in oversupplied markets.
●Bargaining Power of Suppliers: Low to Moderate. Job seekers have limited leverage, though skilled talent in high-demand sectors can command premiums.
●Competitive Rivalry: High. Major players compete on technology, global reach, and niche expertise, intensifying market consolidation efforts.

Market Opportunities and Challenges
Opportunities
●Technological Integration: AI and automation enhance recruitment efficiency and candidate matching.
●Gig Economy Growth: Rising demand for temporary and contract roles expands market scope.
●Global Expansion: Emerging markets in Asia Pacific and Africa offer untapped potential.
●Skills-Based Hiring: Focus on competencies over credentials addresses talent gaps.
●Sustainability Trends: Green transition and ESG priorities create new job categories.
Challenges
●Economic Uncertainty: Federal cuts like those under DOGE and global slowdowns reduce hiring.
●Regulatory Complexity: Diverse labor laws across regions complicate operations.
●Talent Shortages: High-demand skills remain scarce, pressuring recruitment timelines.
●Technology Adoption: Balancing automation with human touch challenges smaller firms.
●Competition: Intense rivalry and substitute solutions strain profitability.
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Recruitment Service Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Recruitment Service Market in North America (2020-2030)
8.1 Recruitment Service Market Size
8.2 Recruitment Service Market by End Use
8.3 Competition by Players/Suppliers
8.4 Recruitment Service Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Recruitment Service Market in South America (2020-2030)
9.1 Recruitment Service Market Size
9.2 Recruitment Service Market by End Use
9.3 Competition by Players/Suppliers
9.4 Recruitment Service Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Recruitment Service Market in Asia & Pacific (2020-2030)
10.1 Recruitment Service Market Size
10.2 Recruitment Service Market by End Use
10.3 Competition by Players/Suppliers
10.4 Recruitment Service Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Recruitment Service Market in Europe (2020-2030)
11.1 Recruitment Service Market Size
11.2 Recruitment Service Market by End Use
11.3 Competition by Players/Suppliers
11.4 Recruitment Service Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Recruitment Service Market in MEA (2020-2030)
12.1 Recruitment Service Market Size
12.2 Recruitment Service Market by End Use
12.3 Competition by Players/Suppliers
12.4 Recruitment Service Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Recruitment Service Market (2020-2025)
13.1 Recruitment Service Market Size
13.2 Recruitment Service Market by End Use
13.3 Competition by Players/Suppliers
13.4 Recruitment Service Market Size by Type
Chapter 14 Global Recruitment Service Market Forecast (2025-2030)
14.1 Recruitment Service Market Size Forecast
14.2 Recruitment Service Application Forecast
14.3 Competition by Players/Suppliers
14.4 Recruitment Service Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Adecco Group
15.1.1 Company Profile
15.1.2 Main Business and Recruitment Service Information
15.1.3 SWOT Analysis of Adecco Group
15.1.4 Adecco Group Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Randstad
15.2.1 Company Profile
15.2.2 Main Business and Recruitment Service Information
15.2.3 SWOT Analysis of Randstad
15.2.4 Randstad Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Lyneer
15.3.1 Company Profile
15.3.2 Main Business and Recruitment Service Information
15.3.3 SWOT Analysis of Lyneer
15.3.4 Lyneer Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Recruit Holdings
15.4.1 Company Profile
15.4.2 Main Business and Recruitment Service Information
15.4.3 SWOT Analysis of Recruit Holdings
15.4.4 Recruit Holdings Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Allegis Group
15.5.1 Company Profile
15.5.2 Main Business and Recruitment Service Information
15.5.3 SWOT Analysis of Allegis Group
15.5.4 Allegis Group Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Kelly Services
15.6.1 Company Profile
15.6.2 Main Business and Recruitment Service Information
15.6.3 SWOT Analysis of Kelly Services
15.6.4 Kelly Services Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Hays plc
15.7.1 Company Profile
15.7.2 Main Business and Recruitment Service Information
15.7.3 SWOT Analysis of Hays plc
15.7.4 Hays plc Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Manpower
15.8.1 Company Profile
15.8.2 Main Business and Recruitment Service Information
15.8.3 SWOT Analysis of Manpower
15.8.4 Manpower Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.9 Robert Half
15.9.1 Company Profile
15.9.2 Main Business and Recruitment Service Information
15.9.3 SWOT Analysis of Robert Half
15.9.4 Robert Half Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
15.10 Kforce
15.10.1 Company Profile
15.10.2 Main Business and Recruitment Service Information
15.10.3 SWOT Analysis of Kforce
15.10.4 Kforce Recruitment Service Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Abbreviation And Acronyms
Table Research Scope Of Recruitment Service Report
Table Data Sources Of Recruitment Service Report
Table Major Assumptions Of Recruitment Service Report
Table Recruitment Service Classification
Table Recruitment Service Applications
Table Drivers Of Recruitment Service Market
Table Restraints Of Recruitment Service Market
Table Opportunities Of Recruitment Service Market
Table Threats Of Recruitment Service Market
Table Raw Materials Suppliers
Table Different Production Methods Of Recruitment Service
Table Cost Structure Analysis Of Recruitment Service
Table Key End Users
Table Latest News Of Recruitment Service Market
Table Merger And Acquisition
Table Planned/Future Project Of Recruitment Service Market
Table Policy Of Recruitment Service Market
Table 2020-2030 North America Recruitment Service Market Size
Table 2020-2030 North America Recruitment Service Market Size By Application
Table 2020-2025 North America Recruitment Service Key Players Revenue
Table 2020-2025 North America Recruitment Service Key Players Market Share
Table 2020-2030 North America Recruitment Service Market Size By Type
Table 2020-2030 United States Recruitment Service Market Size
Table 2020-2030 Canada Recruitment Service Market Size
Table 2020-2030 Mexico Recruitment Service Market Size
Table 2020-2030 South America Recruitment Service Market Size
Table 2020-2030 South America Recruitment Service Market Size By Application
Table 2020-2025 South America Recruitment Service Key Players Revenue
Table 2020-2025 South America Recruitment Service Key Players Market Share
Table 2020-2030 South America Recruitment Service Market Size By Type
Table 2020-2030 Brazil Recruitment Service Market Size
Table 2020-2030 Argentina Recruitment Service Market Size
Table 2020-2030 Chile Recruitment Service Market Size
Table 2020-2030 Peru Recruitment Service Market Size
Table 2020-2030 Asia & Pacific Recruitment Service Market Size
Table 2020-2030 Asia & Pacific Recruitment Service Market Size By Application
Table 2020-2025 Asia & Pacific Recruitment Service Key Players Revenue
Table 2020-2025 Asia & Pacific Recruitment Service Key Players Market Share
Table 2020-2030 Asia & Pacific Recruitment Service Market Size By Type
Table 2020-2030 China Recruitment Service Market Size
Table 2020-2030 India Recruitment Service Market Size
Table 2020-2030 Japan Recruitment Service Market Size
Table 2020-2030 South Korea Recruitment Service Market Size
Table 2020-2030 Southeast Asia Recruitment Service Market Size
Table 2020-2030 Australia Recruitment Service Market Size
Table 2020-2030 Europe Recruitment Service Market Size
Table 2020-2030 Europe Recruitment Service Market Size By Application
Table 2020-2025 Europe Recruitment Service Key Players Revenue
Table 2020-2025 Europe Recruitment Service Key Players Market Share
Table 2020-2030 Europe Recruitment Service Market Size By Type
Table 2020-2030 Germany Recruitment Service Market Size
Table 2020-2030 France Recruitment Service Market Size
Table 2020-2030 United Kingdom Recruitment Service Market Size
Table 2020-2030 Italy Recruitment Service Market Size
Table 2020-2030 Spain Recruitment Service Market Size
Table 2020-2030 Belgium Recruitment Service Market Size
Table 2020-2030 Netherlands Recruitment Service Market Size
Table 2020-2030 Austria Recruitment Service Market Size
Table 2020-2030 Poland Recruitment Service Market Size
Table 2020-2030 Russia Recruitment Service Market Size
Table 2020-2030 Mea Recruitment Service Market Size
Table 2020-2030 Mea Recruitment Service Market Size By Application
Table 2020-2025 Mea Recruitment Service Key Players Revenue
Table 2020-2025 Mea Recruitment Service Key Players Market Share
Table 2020-2030 Mea Recruitment Service Market Size By Type
Table 2020-2030 Egypt Recruitment Service Market Size
Table 2020-2030 Israel Recruitment Service Market Size
Table 2020-2030 South Africa Recruitment Service Market Size
Table 2020-2030 Gulf Cooperation Council Countries Recruitment Service Market Size
Table 2020-2030 Turkey Recruitment Service Market Size
Table 2020-2025 Global Recruitment Service Market Size By Region
Table 2020-2025 Global Recruitment Service Market Size Share By Region
Table 2020-2025 Global Recruitment Service Market Size By Application
Table 2020-2025 Global Recruitment Service Market Share By Application
Table 2020-2025 Global Recruitment Service Key Vendors Revenue
Table 2020-2025 Global Recruitment Service Key Vendors Market Share
Table 2020-2025 Global Recruitment Service Market Size By Type
Table 2020-2025 Global Recruitment Service Market Share By Type
Table 2025-2030 Global Recruitment Service Market Size By Region
Table 2025-2030 Global Recruitment Service Market Size Share By Region
Table 2025-2030 Global Recruitment Service Market Size By Application
Table 2025-2030 Global Recruitment Service Market Share By Application
Table 2025-2030 Global Recruitment Service Key Vendors Revenue
Table 2025-2030 Global Recruitment Service Key Vendors Market Share
Table 2025-2030 Global Recruitment Service Market Size By Type
Table 2025-2030 Recruitment Service Global Market Share By Type

Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Recruitment Service Picture
Figure 2020-2030 North America Recruitment Service Market Size And Cagr
Figure 2020-2030 South America Recruitment Service Market Size And Cagr
Figure 2020-2030 Asia & Pacific Recruitment Service Market Size And Cagr
Figure 2020-2030 Europe Recruitment Service Market Size And Cagr
Figure 2020-2030 Mea Recruitment Service Market Size And Cagr
Figure 2020-2025 Global Recruitment Service Market Size And Growth Rate
Figure 2025-2030 Global Recruitment Service Market Size And Growth Rate

Research Methodology

  • Market Estimated Methodology:

    Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach

Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach

Supply approach is based on assessments of the size of each competitor supplying the objective market.

Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

  • Forecasting Methodology
  • Numerous factors impacting the market trend are considered for forecast model:
  • New technology and application in the future;
  • New project planned/under contraction;
  • Global and regional underlying economic growth;
  • Threatens of substitute products;
  • Industry expert opinion;
  • Policy and Society implication.
  • Analysis Tools

1)PEST Analysis

PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

  • Benefits of a PEST analysis:
  • It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
  • It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
  • It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
  • It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.

2)Porter’s Five Force Model Analysis

The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.

  • Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
  • Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
  • Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
  • Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
  • Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis

Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis

SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

  • Strengths describe what the player excels at and separates it from the competition
  • Weaknesses stop the player from performing at its optimum level.
  • Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
  • Threats refer to factors that have the potential to harm the player.
  • Data Sources
Primary Sources Secondary Sources
Face to face/Phone Interviews with market participants, such as:
Manufactures;
Distributors;
End-users;
Experts.
Online Survey
Government/International Organization Data:
Annual Report/Presentation/Fact Book
Internet Source Information
Industry Association Data
Free/Purchased Database
Market Research Report
Book/Journal/News

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