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Press Release:

Global Recruitment Software Market to Reach US$ 2.8 Billion by 2027, Facilitated by Surging Need to Streamline Recruitment Processes

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Recruitment Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global recruitment software market size reached US$ 2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a growth rate (CAGR) of 6.5% during 2022-2027. 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:

IMARC Group 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
     

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Deployment Model, Component, Enterprise Size, Vertical, Region
Region Covered North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Countries Covered United States, Canada, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, China Brazil, Mexico
Companies Covered Accenture Plc, ADP LLC, Ceridian HCM Inc., Cognizant Technology Solutions, Cornerstone OnDemand, iCIMS, Kenexa Corporation (IBM), Oracle, PeopleAdmin, SAP, SumTotal Systems Inc. and Zoho Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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?

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Recruitment Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Deployment Model
    6.1    On-premises
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    SaaS Based
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Component
    7.1    Software
        7.1.1 Market Trends
        7.1.2 Major Types
             7.1.2.1 Contact Management
             7.1.2.2 Resume Management
             7.1.2.3 Mobile Recruitment
             7.1.2.4 Reporting and Analytics
             7.1.2.5 Workflow Management
             7.1.2.6 Others
        7.1.3 Market Forecast
    7.2    Services
        7.2.1 Market Trends
        7.2.2 Major Types
             7.2.2.1 Professional
             7.2.2.2 Managed
        7.2.3 Market Forecast
8   Market Breakup by Enterprise Size
    8.1    Small and Medium-Sized Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Large Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Vertical
    9.1    Manufacturing
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Healthcare
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Hospitality
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    BFSI
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Education
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Accenture Plc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    ADP LLC
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Ceridian HCM Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Cognizant Technology Solutions
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Cornerstone OnDemand
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    iCIMS
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Kenexa Corporation (IBM)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Oracle
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    PeopleAdmin
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    SAP
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    SumTotal Systems Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Zoho Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Recruitment Software Market: Major Drivers and Challenges
Figure 2: Global: Recruitment Software Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Recruitment Software Market: Breakup by Deployment Model (in %), 2021
Figure 4: Global: Recruitment Software Market: Breakup by Component (in %), 2021
Figure 5: Global: Recruitment Software Market: Breakup by Enterprise Size (in %), 2021
Figure 6: Global: Recruitment Software Market: Breakup by Vertical (in %), 2021
Figure 7: Global: Recruitment Software Market: Breakup by Region (in %), 2021
Figure 8: Global: Recruitment Software Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Recruitment Software (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Recruitment Software (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Recruitment Software (SaaS Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Recruitment Software (SaaS Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Recruitment Software (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Recruitment Software (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Recruitment Software (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Recruitment Software (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Recruitment Software (Small and Medium-Sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Recruitment Software (Small and Medium-Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Recruitment Software (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Recruitment Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Recruitment Software (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Recruitment Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Recruitment Software (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Recruitment Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Recruitment Software (Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Recruitment Software (Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Recruitment Software (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Recruitment Software (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Recruitment Software (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Recruitment Software (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Recruitment Software (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Recruitment Software (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia Pacific: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia Pacific: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Recruitment Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Recruitment Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Recruitment Software Industry: SWOT Analysis
Figure 82: Global: Recruitment Software Industry: Value Chain Analysis
Figure 83: Global: Recruitment Software Industry: Porter’s Five Forces Analysis
 
List of Tables

Table 1: Global: Recruitment Software Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Recruitment Software Market Forecast: Breakup by Deployment Model (in Million US$), 2022-2027
Table 3: Global: Recruitment Software Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Recruitment Software Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: Recruitment Software Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Global: Recruitment Software Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Recruitment Software Market: Competitive Structure
Table 8: Global: Recruitment Software Market: Key Players


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