The global demand for Recruiting Software Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Recruitment software is a talent acquisition solution that helps organizations or businesses streamline the hiring process or phases of the hiring process, from finding and attracting candidates, candidate engagement, to screening resumes and sending out offer letters. It is often termed as applicant tracking system. Recruiting software is a broader category that encompasses applicant tracking systems as well as other tools that focus on individual phases of the hiring process. A large number of small and medium-sized businesses are making use of recruiting software to improve overall efficiency in the recruitment process.
Market Dynamics
Global recruitment software market is emerging as a multi-billion market. The market is propelling owing to the combination of factors such as rise in the number of start-ups, and growing adoption of digital technologies for recruitment process. Growing focus towards cost saving and high productivity has led to an increased use of recruitment software among small, medium, and large-sized enterprises. More impact has been due to booming information technology and communication sectors. The sector witnessed increased expansion in workforce as an influence of digitalization worldwide. There have been rising use of multimedia devices, smart devices, and electronic gadgets across the world. Growing competition, robust product launches, and growing requirement of to newer technologies that offer real-time analytics, social media recruiting, web-based assessments, and automatic workflows drive the market growth. However, availability of free software and significant subscription, membership fee, or charge for extra services to post vacancy and for extra services like application tracking or analytics to manage advert may restrain market growth
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of recruiting software. The growth and trends of recruiting software industry provide a holistic approach to this study.
Market Segmentation
This section of the recruiting software market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Deployment Model
By Component
- Software
- Contact Management
- Resume Management
- Mobile Recruitment
- Reporting and Analytics
- Workflow Management
- Others
By Enterprise Size
- Small and Medium-Sized Enterprises
- Large Enterprises
By Vertical
- Manufacturing
- Healthcare
- Hospitality
- BFSI
- Education
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Recruiting Software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Recruiting Software Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the recruiting software market include Accenture Plc, ADP LLC, Ceridian HCM Inc., Cognizant Technology Solutions, Cornerstone OnDemand, iCIMS, Kenexa Corporation (IBM), Oracle, PeopleAdmin, SAP, SumTotal Systems Inc., Zoho Corporation, etc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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