Global Recruitment Software Market [2018-2025] | to Reach USD 3,095.8 Million and Exhibit a CAGR of 7.4%
Posted on Jun 24 2022 5:32 AM
"Companies in the Recruitment Software Market are Taleo Corporation (Oracle),SuccessFactors (SAP),Kronos,Accenture Plc,Kenexa Corporation (IBM) "
The Global “Recruitment Software Market Size ” 2022 research report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Recruitment Software Market report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analysed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
|Market Size Value in 2017||USD 1,753.2 Billion|
|Growth Rate||CAGR of 7.4 % from 2018-2025|
|Revenue forecast in 2025||USD 3,095.8 Billion|
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Implementation of New Recruitment Tools and Software Upgrade to Boost Market
Recruitment software helps to maintain and track of confidential information of employees, such as their home address, financial accounts, social security number, and other related information. With advancements in technology, new features are introduced in HR recruitment software that allow integration of Facebook and LinkedIn, management of advertisement, candidate searching and candidate relationship management. These innovations will bode well for the HR software solutions in future.
Various factors are responsible for the growth of the global recruitment software market. One among them is the rising need for analytics metrics. This, coupled with the growth in geographically diverse talent acquisitions, is fueling demand for applicant tracking. Nowadays companies are focusing on enhancing candidate experience in order to stay among the top competitors in the market.
However, the limited technical expertise in terms of using advanced ATS may restrict growth of the global recruitment software market. This, coupled with, the lack of information and no awareness about applicant tracking system and its benefits hinder the market’s trajectory.
Nevertheless, the rising need to automate the process of recruitment and increasing focus of various companies towards improving candidate experience are likely to bode well for the global recruitment software market. Furthermore, the increasing popularity of mobile recruitment, wherein social recruiting is done from career sites, mobile recruiting applications, and text messages, will also fuel demand for recruitment software in the market in future.
Learning from the impacts of COVID-19
COVID-19 brought fast-moving and unexpected impacts for which many existing plans and teams were unprepared. But by learning the right lessons from the pandemic and building resilience for the next crisis, businesses have an opportunity to turn the COVID-19 disruption to their advantage
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Companies involved in the global Recruitment Software Market research report are:
- Taleo Corporation (Oracle)
- SuccessFactors (SAP)
- Accenture Plc
- Kenexa Corporation (IBM)
Recruitment Software Market Forecast:
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
Recruitment Software Market Historic Data:
- Industry Trends: Global Revenue, Status, and Outlook.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Geographic Segment Covered in the Report:
The Recruitment Software Market report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries-
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Market Drivers
- Market Restraints
- Market Opportunities
- Value Chain
- Key Mergers, Acquisitions, Partnerships, etc.
- Covid-19 Impact on the Market
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