Recruitment Software Market

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Recruitment Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global recruitment software market grew at a CAGR of around 7% during 2014-2019. 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. Looking forward, IMARC Group expects the global recruitment software market to grow moderately during the forecast period (2020-2025).

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

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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.

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?