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

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

  • March 2020
  • 109 pages
  • ID: 5878853
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global recruitment software market is currently witnessing strong growth.

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, the analyst expects the market to exhibit a CAGR of around 6% during 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, Halogen Software Inc., iCIMS, Kenexa Corporation (IBM), Lumesse, 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 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?

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