DUBLIN--(BUSINESS WIRE)--The "Recruitment Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global recruitment software market size reached US$ 2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.8 Billion by 2027, exhibiting a CAGR of 5.77% during 2021-2027.
Companies Mentioned
- Accenture Plc
- ADP LLC
- Ceridian HCM Inc.
- Cognizant Technology Solutions
- Cornerstone OnDemand
- iCIMS
- Kenexa Corporation (IBM)
- Oracle
- PeopleAdmin
- SAP
- SumTotal Systems Inc.
- Zoho Corporation
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The recruitment software is used by talent acquisition and hiring managers to optimize the recruitment process and candidate flow. It is primarily used by the organizations to maintain a database of candidates, publish vacancies, process applications, schedule interviews and collect candidate feedback.
This software is an amalgamation of applicant tracking systems (ATS), candidate relationship management (CRM) systems and interviewing software. It can also perform pre-hire assessment and background checks, followed by onboard training and orientation of the new employees, thereby enhancing the efficiency of the hiring managers and the organization.
The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based recruitment systems, is one of the key factors driving the growth of the market. Organizations are rapidly adopting automated resume screening methods that use artificial intelligence (AI) to assess the level of skills and experience of the candidate. The software also utilizes optical trackers and machine learning (ML) systems to identify market trends and patterns through transactional activities and analytical inputs.
Furthermore, organizations are increasingly emphasizing on enhancing the candidate experience, along with improving their organizational efficiency, which is contributing to the widespread adoption of these systems across the globe. Other factors, including the emergence of social recruiting trends, a growing need to replace traditional hiring methods to minimize paperwork, wastage of resources and costs, coupled with the increasing number of start-up companies, especially in the developing economies, are projected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global recruitment software market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on deployment model, component, enterprise size and vertical.
Breakup by Deployment Model:
- On-premises
- SaaS Based
Breakup by Component:
- Software
- Contact Management
- Resume Management
- Mobile Recruitment
- Reporting and Analytics
- Workflow Management
- Others
- Services
- Professional
- Managed
Breakup by Enterprise Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
Breakup by Vertical:
- Manufacturing
- Healthcare
- Hospitality
- BFSI
- Education
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global recruitment software market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global recruitment software market?
- What is the breakup of the market based on the deployment model?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global recruitment software market and who are the key players?
- What is the degree of competition in the market?
For more information about this report visit https://www.researchandmarkets.com/r/sd5kfb
