Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

Employment services market to hit $354.3 billion by 2017

Industry Sector

Business Services

Published

2 July 2012

Author

Mike King

Type of News

Market

The global employment services market is projected to hit US $354.3 billion by the year 2017. Market growth is set to be predominantly driven by an increase in enterprise numbers, GDP trends, rising need for human resources, and increasing role of Internet in the employment services market.

The employment services market is counted among the most adversely affected markets during times of crisis due its high dependence on a strong employment environment. The recession in recent years, led several companies resorting to cost cutting through massive laying-offs, freeze on new hiring, and salary cuts.

The global employment services market is highly competitive and extremely fragmented. Various local players dominate in discrete regional markets. The fragmented nature of the industry creates a situation wherein entry barriers are minimal. Liberalisation of world economies and entry of multinational companies has paved the path for increased competition in different regional markets.

The recession has exhibited the advantages of diversification, both in terms of industries as well as geographic markets for recruitment companies. For instance, employment services in Asia-Pacific and the Middle East fared better than their counterparts in the developed countries.

Additionally, while sectors such as construction, computing, and IT were battered the most, sectors such as medicine, education, and food were relatively less affected by the recession.

Europe represents the largest employment services market worldwide. Asia-Pacific is projected to lead the growth rate chart owing to rapidly developing economies such as China, India and South East Asia. Major employment service providers are foraying into the lucrative Asia-Pacific, East Europe and Latin American markets, while those who are already present in the market are strengthening services.

For more information on the employment services market, see the latest research: Employment Services Market Report

Follow us on Twitter @CandMResearch

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

December Discounted Prices: Contact us to ask about our special discounts available in December

For the last month in 2014 we are offering discounted prices on a selection of new reports. Please contact us on 00 44 (0) 203 0868600 or via email (click here to email) to ask about prices and special discounts.

Available during December and the run-up to Christmas; Discounted prices on a selection of our reports.

Find all the research at the best prices. Great promotions being offered during December!

We are offering our clients substantial savings on the best research available during December. Please contact us either via emailor by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600. We look forward to being able to find you the research you require at good prices.

Accessibility
Close

Contrast settings

Text size settings