Asia Pacific Staffing and Recruitment Market Forecast to 2031 - Regional Analysis - by Staffing Type (Temporary and Permanent), Recruitment Channel (Online, Hybrid, and Offline), and End User

Description

List of Tables

The Asia Pacific staffing and recruitment market was valued at US$ 1,58,137.02 million in 2023 and is expected to reach US$ 4,44,818.76 million by 2031; it is estimated to register a CAGR of 13.8% from 2023 to 2031 .

Growing Adoption of Remote Working and Hybrid Business Model Across the Globe Bolsters Asia Pacific Staffing and Recruitment Market

The COVID-19 pandemic shifted consumer preference towards the adoption of remote or hybrid work models. Millions of workers across the globe have already started working from home. Businesses have seen opportunities and resounding success while working from home. Today, many companies worldwide have fully adopted work from home model. Remote work allows employees to access a broader and more diverse talent pool beyond geographical boundaries. Remote or hybrid work models benefited both employers and candidates. Staffing and recruitment solutions help employers to connect candidates across the globe. The adoption of remote and hybrid working model mandate businesses to create or adopt staffing and recruitment protocols for designing job offers, recruiting appropriate candidates, and hiring & onboarding new candidates regardless of where they live. Furthermore, remote and hybrid working helps businesses to reduce overhead costs associated with traditional office space. Efficient staffing and recruitment solutions help employers to minimize the cost incurred in their numerous hiring processes such as advertising, administrative, and traveling expenses. Staffing agencies offer companies temporary, contract, and freelance workers as per their needs. This flexibility is particularly valuable in a remote work environment where entrepreneurs commonly use project-based or seasonal work. For instance, according to the Indian Staffing Federation, Flexi hiring is expected to grow by 14% over last year's volumes in the festive season, especially in job roles. The festive season created job opportunities for delivery personnel and support functions, supply chain and logistics operations, and packaging and warehouse management. Currently, enterprises require workers to fulfill consumer needs, which increases the demand for staffing and recruitment solutions. These solutions support entrepreneurs in hiring remote or contractual-based workers. Staffing and recruitment agencies help entrepreneurs by connecting with the right candidate, reducing costs, and ensuring compliance while offering flexibility in remote working, thereby enhancing the adoption of staffing & recruitment solutions to streamline the hiring process.

Asia Pacific Staffing and Recruitment Market Overview

The Asia Pacific staffing and recruitment market is segmented into Australia, China, South Korea, India, Japan, and the Rest of Asia Pacific. The market has massive growth potential, with rapidly growing countries such as China and India as well as developed nations such as Japan. The region has a well-established manufacturing sector, including electronics, food & beverages, automobiles, and healthcare industries, among others. The manufacturing sector in Asia Pacific is rapidly adopting automation, AI, cloud-based solutions, and other new technologies. The staffing and recruitment market in Asia Pacific is highly fragmented due to the increasing number of players that offer customized staffing and recruitment solutions and services to their clients across developing nations. According to the Asian Development Bank (ADB) Institute survey, Asia Pacific lost 8% of working hours in 2020 due to the COVID-19 pandemic. Growing employment rates increase the demand for staffing and recruitment services as it simplifies the hiring process. The India government has introduced the concept of universal employment. In December 2020, the Ministry of Employment and Labour of India established a roadmap to gradually extend employment insurance coverage to all workers by 2025. Thus, initiatives by governments of various nations are likely to create employment opportunities for the unemployed population among enterprises in the region in the coming years. In addition, governments of developing countries have been introducing policies such as Make in India and Made in China 2025 to encourage the establishment of manufacturing plants to become self-sufficient and capable of exporting surplus goods. The Make in India initiative employed 62.4 million in the manufacturing sector during 2019-2020. The expansion of the manufacturing sector offers job facilities and generates demand for staffing and recruitment services, which drives the staffing and recruitment market in Asia Pacific.

Asia Pacific Staffing and Recruitment Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Staffing and Recruitment Market Segmentation

The Asia Pacific staffing and recruitment market is categorized into staffing type, recruitment channel, end user, and country.

Based on staffing type, the Asia Pacific staffing and recruitment market is bifurcated into temporary and permanent. The temporary segment held a larger market share in 2023.

In terms of recruitment channel, the Asia Pacific staffing and recruitment market is categorized into online, hybrid, and offline. The online segment held the largest market share in 2023.

By end user, the Asia Pacific staffing and recruitment market is segmented into IT & telecom, BFSI, healthcare, retail & e-commerce, and others. The IT & telecom segment held the largest market share in 2023. Furthermore, the healthcare segment is sub segmented into hospitals & clinics, pharmaceutical, and others.

Based on country, the Asia Pacific staffing and recruitment market is segmented into China, Japan, South Korea, India, Australia, Thailand, Vietnam, and the Rest of Asia Pacific. China dominated the Asia Pacific staffing and recruitment market share in 2023.

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

Product Code: BMIRE00030287

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Asia Pacific Staffing and Recruitment Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in Value Chain

5. Asia Pacific Staffing and Recruitment Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Huge Job Opportunities in BFSI and IT Sectors
- 5.1.2 Rise in Youth Population
5.2 Market Restraints
- 5.2.1 Lack of Qualified Job Seekers
5.3 Market Opportunities
- 5.3.1 Growing Adoption of Remote Working and Hybrid Business Model Across the Globe
5.4 Future Trends
- 5.4.1 Automation and AI-Driven Recruitment
5.5 Impact of Drivers and Restraints:

6. Staffing and Recruitment Market - Asia Pacific Analysis

6.1 Staffing and Recruitment Market Revenue (US$ Million), 2021-2031
6.2 Staffing and Recruitment Market Forecast Analysis

7. Asia Pacific Staffing and Recruitment Market Analysis - by Staffing Type

7.1 Temporary
- 7.1.1 Overview
- 7.1.2 Temporary: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Permanent
- 7.2.1 Overview
- 7.2.2 Permanent: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Staffing and Recruitment Market Analysis - by Recruitment Channel

8.1 Online
- 8.1.1 Overview
- 8.1.2 Online: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Hybrid
- 8.2.1 Overview
- 8.2.2 Hybrid: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Offline
- 8.3.1 Overview
- 8.3.2 Offline: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Staffing and Recruitment Market Analysis - by End User

9.1 IT & Telecom
- 9.1.1 Overview
- 9.1.2 IT & Telecom: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
9.2 BFSI
- 9.2.1 Overview
- 9.2.2 BFSI: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Healthcare
- 9.3.1 Overview
- 9.3.2 Healthcare: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.3 Hospitals & Clinics
  - 9.3.3.1 Overview
  - 9.3.3.2 Hospitals & Clinics: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.4 Pharmaceutical
  - 9.3.4.1 Overview
  - 9.3.4.2 Pharmaceutical: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.5 Others
  - 9.3.5.1 Overview
  - 9.3.5.2 Others: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Retail & E-Commerce
- 9.4.1 Overview
- 9.4.2 Retail & E-Commerce: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)

10. Asia Pacific Staffing and Recruitment Market - Country Analysis

10.1 Asia Pacific Staffing and Recruitment Market Overview
- 10.1.1 Asia Pacific: Staffing and Recruitment Market Breakdown- by Country, 2023 and 2031 (%)
  - 10.1.1.1 Asia Pacific: Staffing and Recruitment Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 China: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 China: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.2.2 China: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.2.3 China: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.2.4 China: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.3 Japan: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Japan: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.3.2 Japan: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.3.3 Japan: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.3.4 Japan: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.4 South Korea: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 South Korea: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.4.2 South Korea: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.4.3 South Korea: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.4.4 South Korea: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.5 India: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 India: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.5.2 India: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.5.3 India: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.5.4 India: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.6 Australia: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.6.1 Australia: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.6.2 Australia: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.6.3 Australia: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.6.4 Australia: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.7 Thailand: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.7.1 Thailand: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.7.2 Thailand: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.7.3 Thailand: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.7.4 Thailand: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.8 Vietnam: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.8.1 Vietnam: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.8.2 Vietnam: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.8.3 Vietnam: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.8.4 Vietnam: Staffing and Recruitment Market Breakdown, by Healthcare
  - 10.1.1.9 Rest of APAC: Staffing and Recruitment Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.9.1 Rest of APAC: Staffing and Recruitment Market Breakdown, by Staffing Type
    - 10.1.1.9.2 Rest of APAC: Staffing and Recruitment Market Breakdown, by Recruitment Channel
    - 10.1.1.9.3 Rest of APAC: Staffing and Recruitment Market Breakdown, by End User
    - 10.1.1.9.4 Rest of APAC: Staffing and Recruitment Market Breakdown, by Healthcare

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Adecco Group AG
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Alliance Recruitment Agency
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Brunel International NV
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Hays plc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Korn Ferry
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Medacs Global Group Limited
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Morgan Philips Group SA
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 NES Fircroft
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Randstad NV
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index