India Staffing and Recruitment Market Size and Forecasts (2020 – 2030)

India Staffing and Recruitment Market Size and Forecasts (2020 – 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Staffing Type (Temporary, and Permanent); Recruitment Channel (Online, Hybrid, and Offline); and End User (IT and Telecom, BFSI, Healthcare, Real Estate and Others)

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The India staffing and recruitment market was valued at US$ 18.06 billion in 2022 and is projected to reach US$ 48.53 billion by 2030; it is expected to grow at a CAGR of 13.2% from 2022 to 2030.

Workforce localization refers to the recruitment and development of citizens to increase their employability; it reduces the country’s dependency on expatriate labor, and growth of India staffing and recruitment market. Workforce localization programs aid in increasing the employment rates in India. It has become increasingly important in India to help local citizens acquire jobs and reduce the number of expatriate employees. The “Make in India” initiative has been adopted by various industries as the Indian government is supporting the make in India initiative. As global businesses seek ways to diversify their supply chains, the government’s “Atmanirbhar Bharat” (Self-Reliant India) campaign is gaining popularity among the population. Localization can truly be successful when industries and the government work together to advance this agenda through the government’s Skill India program, Ease of Doing Business policies, and Production Linked Incentive scheme, as well as increased focus on Foreign Direct Investment. Such initiatives by the government are driving workforce localization by providing employment and propel the growth of the India staffing and recruitment market share.

Further, due to localization efforts, the Indian market is dominated by various local wearable brands such as Noise, BoAt, and Firebolt, which helps in India staffing and recruitment market growth. As of September 2023, the Union government is weighing the introduction of a production-linked incentive (PLI) scheme for wearables, including hearing devices, to boost local production by both Indian and global companies. Such government initiatives to enhance workforce localization have changed the Indian human resources landscape and made localization policy a significant staffing consideration for businesses. To facilitate the implementation of workforce localization programs, HR managers design and monitor strategic human resource management (HRM) and diversity management practices to increase the hiring activities in the countries, thereby boosting the adoption of staffing and recruitment solutions to streamline the hiring process. Thus, workforce localization in India fuels the staffing and recruitment market in India.

The telecom industry, which has proliferated in recent decades, is undergoing a period of consolidation. However, the sector is still expected to create numerous jobs in the coming years, driven by technological advancements, high smartphone penetration, and the entry of new players. Such creation of job creates need of staffing and recruitment solution which propel the growth of the India staffing and recruitment market. Job postings for roles in the 5G and telecom fields have increased significantly between 2021 and 2022 as businesses are taking significant measures to adopt 5G at a faster rate. According to Indeed, global job site job postings for roles in the field of telecommunications and 5G have increased by 33.7% between September 2021 and September 2022. Similarly, job postings for cybersecurity have grown by 81% between August 2019 and August 2022. All such factors are contributing to the India staffing and recruitment market growth.

Moreover, in recent years, India has been referred to as a global IT hub. The IT industry has played an important role in the growth of the country’s economy, contributing to ~8% of its GDP. With the rise in the adoption of new technologies, the IT staffing and recruitment market in India has been growing rapidly. For instance, according to the Times of India, as of July 2023, tech hiring in the IT sector has shown green shoots of demand, with a 10% increase in overall hiring requirements compared to June 2023. Thus, the increase in job posting and hiring in the field of telecom and IT in India is propelling the India staffing and recruitment market share in the country.

In India, the banking, financial services, and insurance (BFSI) industry witnessed strong growth in February 2023, with a 27% year-on-year increase in job postings, as per the data from the online recruiting platform—Monster. As of 2023, the demand for BFSI professionals has increased, with finance-related roles accounting for ~8% of all jobs on Monster. Thus such instances propel the India staffing and recruitment market share.

Quess Corp Limited, TeamLease Services Limited, BigLeap Technologies & Solutions Private Limited, GlobalHunt India Private Limited, Careernet Technologies Pvt. Ltd, ABC Consultants, Innovsource Services Pvt. Ltd, PeopleStrong Technologies Pvt Ltd., Uplers Solutions Private Limited, and Focuse Management Consultants are few other notable Indian staffing and recruitment players profiled in the report. Several other essential India staffing and recruitment market players were analyzed to get a holistic view of the India staffing and recruitment market and its ecosystem.

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Increasing Youth Population Opportunities for Staffing and Recruitment Market During 2022–2030

According to our latest market study on “India Staffing and Recruitment Market Size and Forecasts to 2030, Global and Country Share, Trends, and Growth Opportunity Analysis – by Staffing Type, Recruitment Channel, and End User,” the India staffing and recruitment market was valued at US$ 18,061.42 million in 2022 and is projected to reach US$ 48,530.94 million by 2030; it is expected to grow at a CAGR of 13.2% from 2022 to 2030.

According to The International Labor Organization, two-thirds of India’s population, or over 808 million people, are under the age of 35, making it the country with the largest young population in the world, out of which millennials and Gen Z aged between 18 and 35 account for 600 million people. The significant growth in the youth population boosts the need for renewed efforts and investments to create new jobs. The population creates a huge pool of potential job candidates, which increases the requirement for skilled staffing and recruitment professionals resulting into the growth the India staffing and recruitment market share.

Moreover, in 2022, India’s youth unemployment rate was 23.22%; it registered drop of 0.67% from 2021. With the rise in the youth population in the country, various organizations are planning to hire them. For instance, as of July 2023, according to a top official of the Telecom Sector Skill Council, ~1.26 lakh youth trained in telecom technologies will be employed in the current fiscal year 2023. Thus, the increasing youth population in the country is likely to generate the need for new jobs, which is expected to provide lucrative opportunities for the staffing and recruitment market growth in India during the forecast period.

India Staffing and Recruitment Market Overview

Quess Corp Limited, TeamLease Services Limited, BigLeap Technologies & Solutions Private Limited, GlobalHunt India Private Limited, Careernet Technologies Pvt. Ltd, ABC Consultants, Innovsource Services Pvt. Ltd, PeopleStrong Technologies Pvt Ltd., Uplers Solutions Private Limited, and Focuse Management Consultants are among the key players operating in the staffing and recruitment market players that were profiled in the report. Several other major India staffing and recruitment market players were studied and analyzed during this India staffing and recruitment market research study to get a holistic view of the India staffing and recruitment market and its ecosystem. The staffing and recruitment market report provides detailed India staffing and recruitment market insights, which help the key players strategize their growth.

The offline recruitment channel collects and manages job requirements and does not rely on online communication tools. A few advantages of offline recruitment channels are improved clarity and better staffing by organizing in-person interview rounds. Offline recruitment channels, such as job fairs, are highly effective in boosting the hiring process. Physical events and fairs organized by universities or corporate agencies enable recruiters to meet potential candidates in person. Face-to-face interaction improves engagement and builds a good relationship between job seekers and employers. Offline recruitment is particularly beneficial for targeting candidates for localized hiring in specific geographies. Many organizations and institutions in India are still using offline staffing and recruitment processes to hire candidates. For instance, in 2023, the Wildlife Institute of India invited offline forms to recruit for various positions, including multi-tasking staff (MTS) and assistant technical. The offline hiring process helps employers by providing in-person collaboration with colleagues. Also, companies operating in the healthcare and pharma industries and the public sector have been widely using offline hiring processes to select the right candidate from the pool.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Industrial Robotics Market– By Types
1.3.2 Europe Industrial Robotics Market– By Function
1.3.3 Europe Industrial Robotics Market– By Industry
1.3.4 Europe Industrial Robotics Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Industrial Robotics Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.2.1 Europe: PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Industrial Robotics Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Advancements in Automation and Industry 4.0
5.1.2 Government Initiatives and Incentives
5.2 Market Restraints
5.2.1 Lack of Skilled Workforce
5.3 Market Opportunities
5.3.1 Second Life for Industrial Robots and ROI
5.4 Future Trends
5.4.1 Sustainability and Green Economy
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Robotics Market– Europe Analysis
6.1 Europe Industrial Robotics Market Overview
6.2 Europe Industrial Robotics Market– Revenue and Forecast to 2030 (US$ Million)
7. Europe Industrial Robotics Market Analysis – By Types
7.1 Overview
7.2 Europe Industrial Robotics Market, By Types (2022 and 2030)
7.3 Articulated
7.3.1 Overview
7.3.2 Articulated: Europe Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.4 Cartesian
7.4.1 Overview
7.4.2 Cartesian: Europe Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.5 SCARA
7.5.1 Overview
7.5.2 SCARA: Europe Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.6 Collaborative
7.6.1 Overview
7.6.2 Collaborative: Europe Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.7 Parallel
7.7.1 Overview
7.7.2 Parallel: Europe Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Europe Industrial Robotics Market– Revenue, and Forecast to 2030 (US$ Million)
8. Europe Industrial Robotics Market Analysis – By Function
8.1 Overview
8.2 Europe Industrial Robotics Market, By Function (2022 and 2030)
8.3 Soldering and Welding
8.3.1 Overview
8.3.2 Soldering and Welding: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.4 Material Handling
8.4.1 Overview
8.4.2 Material Handling: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.5 Assembling and Disassembling
8.5.1 Overview
8.5.2 Assembling and Disassembling: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.6 Painting and Dispensing
8.6.1 Overview
8.6.2 Painting and Dispensing: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.7 Milling
8.7.1 Overview
8.7.2 Milling: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.8 Cutting and Processing
8.8.1 Overview
8.8.2 Cutting and Processing: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
8.9 Others
8.9.1 Others: Europe Industrial Robotics Market- Revenue and Forecast to 2030 (US$ Million)
9. Europe Industrial Robotics Market Analysis – By Industry
9.1 Overview
9.2 Europe Industrial Robotics Market Breakdown, By Industry, 2022 & 2030
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
9.4 Medical and Pharmaceuticals
9.4.1 Overview
9.4.2 Medical and Pharmaceuticals Market Revenue and Forecast to 2030 (US$ Million)
9.5 Electrical and Electronics
9.5.1 Overview
9.5.2 Electrical and Electronics Market Revenue and Forecast to 2030 (US$ Million)
9.6 Rubber and Plastics
9.6.1 Overview
9.6.2 Rubber and Plastics Market Revenue and Forecast to 2030 (US$ Million)
9.7 Metal and Machinery
9.7.1 Overview
9.7.2 Metal and Machinery Market Revenue and Forecast to 2030 (US$ Million)
9.8 Food and Agriculture
9.8.1 Overview
9.8.2 Food and Agriculture Market Revenue and Forecast to 2030 (US$ Million)
9.9 Others
9.9.1 Others Market Revenue and Forecast to 2030 (US$ Million)
10. Europe Industrial Robotics Market– Country Analysis
10.1 Overview
10.1.1 Europe Industrial Robotics Market Breakdown, by Country
10.1.1.1 Germany Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.1.1 Germany Industrial Robotics Market Breakdown, By Types
10.1.1.1.2 Germany Industrial Robotics Market Breakdown, By Types
10.1.1.1.3 Germany Industrial Robotics Market Breakdown, By Function
10.1.1.1.4 Germany Industrial Robotics Market Breakdown, By Industry
10.1.1.2 France Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.2.1 France Industrial Robotics Market Breakdown, By Types
10.1.1.2.2 France Industrial Robotics Market Breakdown, By Types
10.1.1.2.3 France Industrial Robotics Market Breakdown, By Function
10.1.1.2.4 France Industrial Robotics Market Breakdown, By Industry
10.1.1.3 Italy Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.3.1 Italy Industrial Robotics Market Breakdown, By Types
10.1.1.3.2 Italy Industrial Robotics Market Breakdown, By Types
10.1.1.3.3 Italy Industrial Robotics Market Breakdown, By Function
10.1.1.3.4 Italy Industrial Robotics Market Breakdown, By Industry
10.1.1.4 UK Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.4.1 UK Industrial Robotics Market Breakdown, By Types
10.1.1.4.2 UK Industrial Robotics Market Breakdown, By Types
10.1.1.4.3 UK Industrial Robotics Market Breakdown, By Function
10.1.1.4.4 UK Industrial Robotics Market Breakdown, By Industry
10.1.1.5 Spain Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.5.1 Spain Industrial Robotics Market Breakdown, By Types
10.1.1.5.2 Spain Industrial Robotics Market Breakdown, By Types
10.1.1.5.3 Spain Industrial Robotics Market Breakdown, By Function
10.1.1.5.4 Spain Industrial Robotics Market Breakdown, By Industry
10.1.1.6 Sweden Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.6.1 Sweden Industrial Robotics Market Breakdown, By Types
10.1.1.6.2 Sweden Industrial Robotics Market Breakdown, By Types
10.1.1.6.3 Sweden Industrial Robotics Market Breakdown, By Function
10.1.1.6.4 Sweden Industrial Robotics Market Breakdown, By Industry
10.1.1.7 Belgium Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.7.1 Belgium Industrial Robotics Market Breakdown, By Types
10.1.1.7.2 Belgium Industrial Robotics Market Breakdown, By Types
10.1.1.7.3 Belgium Industrial Robotics Market Breakdown, By Function
10.1.1.7.4 Belgium Industrial Robotics Market Breakdown, By Industry
10.1.1.8 Netherlands Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.8.1 Netherlands Industrial Robotics Market Breakdown, By Types
10.1.1.8.2 Netherlands Industrial Robotics Market Breakdown, By Types
10.1.1.8.3 Netherlands Industrial Robotics Market Breakdown, By Function
10.1.1.8.4 Netherlands Industrial Robotics Market Breakdown, By Industry
10.1.1.9 Rest of Europe Industrial Robotics Market, Revenue and Forecast to 2030
10.1.1.9.1 Rest of Europe Industrial Robotics Market Breakdown, By Types
10.1.1.9.2 Rest of Europe Industrial Robotics Market Breakdown, By Types
10.1.1.9.3 Rest of Europe Industrial Robotics Market Breakdown, By Function
10.1.1.9.4 Rest of Europe Industrial Robotics Market Breakdown, By Industry
11. Industry Landscape
11.1 Overview
11.2 Mergers and Acquisitions
11.3 Agreements, Collaborations and Joint Ventures
11.4 New Product Launches
12. Company Profiles
12.1 Kawasaki Heavy Industries Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Yaskawa Electric Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Universal Robots AS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Comau SpA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kuka AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Mitsubishi Electric Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Seiko Epson Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Fanuc Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ABB Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Staubli International AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index

LIST OF TABLES

Table 1. Staffing and Recruitment Market Segmentation
Table 2. Staffing and Recruitment Companies Customer Ratings
Table 3. India Staffing and Recruitment Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Staffing and Recruitment Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 5. Staffing and Recruitment Market Revenue and Forecasts To 2030 (US$ Million) –Recruitment Channel
Table 6. Staffing and Recruitment Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 7. Heat Map Analysis By Key Players
Table 8. List of Abbreviation

LIST OF FIGURES

Figure 1. Staffing and Recruitment Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Staffing and Recruitment Market
Figure 4. Fig: Hiring Growth Across Sectors in Mumbai
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. India Staffing and Recruitment Market Revenue (US$ Million), 2022 – 2030
Figure 7. Staffing and Recruitment Market Share (%) – Staffing Type, 2022 and 2030
Figure 8. Temporary Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Permanent Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Staffing and Recruitment Market Share (%) – Recruitment Channel, 2022 and 2030
Figure 11. Online Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Hybrid Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Offline Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Staffing and Recruitment Market Share (%) – End User, 2022 and 2030
Figure 15. IT and Telecom Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. BFSI Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Healthcare Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Real Estate Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Company Positioning & Concentration

The List of Companies – India Staffing and Recruitment Market
– Quess Corp Limited               
– TeamLease Services Limited   
– BigLeap Technologies & Solutions Private Limited
– GlobalHunt India Private Limited   
– Careernet Technologies Pvt. Ltd        
– ABC Consultants    
– Innovsource Services Pvt. Ltd.
– PeopleStrong Technologies Pvt Ltd.
– Uplers Solutions Private Limited
– Focuse Management Consultants
–  

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