Global Recruitment Software Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
17 Jul, 2023
The global recruitment software market size is expected to grow from $2.11 billion in 2022 to $2.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global recruitment software market size is expected to reach $3.05 billion in 2027 at a CAGR of 7.6%.
Global Recruitment Software Market Key Driver
The increased need for cloud-based systems is projected to boost the recruiting software market ahead. Cloud-based systems are software applications, services, or resources that are hosted and accessed via the Internet as opposed to being installed and executed locally on individual computers or servers. These systems are sometimes known as cloud computing or Software-as-a-Service (SaaS). Cloud-based recruitment software systems have various advantages over traditional on-premise solutions, including accessibility, scalability, cost-effectiveness, security, and integration with other cloud-based tools and software, all of which are driving the recruitment software industry.
Get a sample of the global recruitment software market reportGlobal Recruitment Software Market Segments
The global recruitment software market is segmented:
1) By Component: Software, Services
2) By Software: Contact Management, Resume Management, Mobile Recruitment, Reporting and Analytics, Workflow Management, Other Softwares
3) By Organization Size: SMEs (Small and Medium-sized Enterprises), Large Enterprises
4) By End-User: Retail, IT and Telecom, BFSI (Banking, Financial Services, and Insurance), Manufacturing, Healthcare, Other Commercial
5) By Geography: The regions covered in the recruitment software market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global recruitment software market.
Major Recruitment Software Industry Players
Oracle Corporation, SAP SE, SumTotal Systems, Automatic Data Processing Inc., Workday Inc., Ceridian HCM, Cornerstone OnDemand Inc., Accenture, Talentsoft, iCIMS Inc., Jobvite Inc., Zoho Corporation, Cognizant Technology Solutions, Microdec Plc., BullHorn Inc.
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Recruitment Software Market Overview
Recruitment software is a type of technology that is designed to help streamline the hiring process. It is used to automate multiple tasks associated with recruitment, such as posting job ads, receiving and sorting resumes, and scheduling interviews.
Recruitment Software Global Market Report 2023 provides data on the global recruitment software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The recruitment software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.