What is the global market size of Recruitment Software Market?

Recruitment Software Market size was valued at USD 2366.21 million in 2021 and is poised to grow from USD 2504.63 million in 2022 to USD 4177.94 million by 2030, growing at a CAGR of 5.85% in the forecast period (2023-2030).

Who are the key vendors in the Global Recruitment Software Market?

The Global Recruitment software market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase Recruitment Software market share and profitability. 'ClearCompany', 'HappierWork', 'Oracle Corporation', 'SAP SE', 'Workday, Inc.', 'ADP, LLC', 'Ultimate Software Group, Inc.', 'Bullhorn, Inc.', 'Jobvite, Inc.', 'JazzHR (formerly The Resumator)', 'SmartRecruiters, Inc.', 'Lever, Inc.', 'Workable Software Ltd.', 'BambooHR LLC', 'Zoho Corporation Pvt. Ltd.', 'Greenhouse Software, Inc.', 'JobAdder Pty Ltd.', 'Recruiterbox Inc.', 'ApplicantPro', 'Cornerstone OnDemand, Inc.'.

What is the key driver of Global Recruitment Software Market?

Utilization of cloud-based solutions is driving the Recruitment Software market. Cloud Services improves recruiters' capacity to more effectively match job searchers with suitable prospects. Technology is also assisting recruiters in narrowing their focus on and expanding the pool of qualified candidates for open vacancies. Cold calls are no longer used. Today's hiring practices are extremely focused and are supported by data and research. When a recruiter makes the call, they are aware that they are speaking with a highly qualified and competitive candidate.

What is the key market trend for Global Recruitment Software Market?

Big Data and Predictive Analytics are growing at the faster pace. Companies are having a tougher time managing the volume of applicants, so they are looking to technology to help sort through candidate data and identify individuals who are likely to be top achievers. To improve their predicting powers, they seek a comprehensive perspective of the applicant, including information about how applicants in the past have fared. SaaS apps will intensify their fierce rivalry with on-premises solutions.

Which region accounted for the largest share in Global Recruitment Software Market?

In 2021, the North America region held the largest global Recruitment software market share. The growth of the regional Recruitment Software market can be attributed to Silicon Valley's growing reliance on diverse solutions. The Asia Pacific is predicted to experience a huge increase in Recruitment Software market revenue during the projected period as a result of the region's significant industrialization and the rise of start-up businesses focused on developing smartphone applications. Throughout the forecast period, Recruitment Software market expansion is expected to be driven by rising mobility needs in developing countries like China and India. Due to the rapid expansion of corporate headquarters in a variety of industrial verticals the region of Europe is predicted to grow exponentially during the forecast period.

Recruitment Software Companies

Recruitment Software Market Competitive Landscape

Recruitment Software Market Top Players Company Profiles

Taleo Corporation (Oracle) (US)
SuccessFactors (SAP) (Germany)
Kronos (US)
Accenture Plc (Ireland)
Kenexa Corporation (IBM) (US)
SAP SE (Germany)
Workday , Inc. (US)
Oracle Corporation (US)
ADP LLC (US)
International Business Machines Corporation (IBM) (US)
Cegid (France)
People Admin (US)
Cornerstone (US)
Recruitee (Netherlands)
Jobvite Inc. (US)
Ceridian HCM (US)
Trakstar (US)
BambooHR (US)
Bullhorn, Inc. (US)
Freshworks Inc. (India)

Recruitment Software Market

FAQs

Global Recruitment Software Market size was valued at USD 2.53 billion in 2022 and is poised to grow from USD 2.78 billion in 2023 to USD 5.89 billion by 2031, growing at a CAGR of 9.86% in the forecast period (2024-2031).

The global recruitment software market is dynamic and differentiated by the blend of numerous established players and new entrants engaged in offering solutions that strengthen the recruitment process for businesses. SAP SuccessFactors, Workday, Oracle Taleo, and ADP Recruiting Management are a few prominent market vendors who are focusing on enhancing user experience, offering solutions with improved capabilities for large enterprises, and combining features to cater to the needs of mid-sized businesses. Most providers are also engaged in inclusion and diversity, partnerships and acquisitions, and consumer-centric innovations. Overall, the market is speedily transforming backed by the incorporation of novel technologies, user experience, and innovations. 'Taleo Corporation (Oracle) (US) ', 'SuccessFactors (SAP) (Germany) ', 'Kronos (US) ', 'Accenture Plc (Ireland) ', 'Kenexa Corporation (IBM) (US) ', 'SAP SE (Germany) ', 'Workday , Inc. (US) ', 'Oracle Corporation (US) ', 'ADP LLC (US) ', 'International Business Machines Corporation (IBM) (US) ', 'Cegid (France) ', 'People Admin (US) ', 'Cornerstone (US) ', 'Recruitee (Netherlands) ', 'Jobvite Inc. (US) ', 'Ceridian HCM (US) ', 'Trakstar (US) ', 'BambooHR (US) ', 'Bullhorn, Inc. (US) ', 'Freshworks Inc. (India)'

There is a growing need for recruitment solutions that effectively caters to the growing demand of diverse industries or dedicated job functions. This allows businesses to easily and better address their unique functions and processes for hiring and help them tackle challenges. Furthermore, niche solutions and platforms can offer dedicated features and visions that the regular or customary solutions may not provide.

Emphasis on Candidate Experience: As the competition for talent is intensifying, businesses are also focusing on enhancing the candidate’s experience during the whole recruitment procedure. This comprises the creation of an engaging and positive journey for candidates. Enhanced experience for candidates results in better branding by employer and raises the chances of attracting top talents. Companies are also using leveraging features like mobile-friendly applications, personalized communication, and transparent feedback processes.

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to growing technological advancements, high demand for talent management, and a diverse workforce. North America is the leading center for several innovative startups, and well-established technology companies, which fuels the implementation of improved recruitment technologies like machine learning and AI technologies. The region demands talent management and acquisition, resulting in heavy investment in solutions to enhance efficiency and simplify processes. Diverse labor market demands reliable recruitment tools that address the needs of different industries. The key players profiled in the region include Oracle Corporation, International Business Machines Corporation, Cornerstone, People Admin, Workday, Inc., and more.

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Recruitment Software Market Size, Share, Growth Analysis, By Deployment(On-premises, and Cloud), By Enterprise Size(Small & Medium Enterprise (SME), Large Enterprise), By End User(Retail, IT & Telecom, BFSI, Manufacturing), By Region - Industry Forecast 2024-2031

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Recruitment Software Market Size, Share, Growth Analysis, By Deployment(On-premises, and Cloud), By Enterprise Size(Small & Medium Enterprise (SME), Large Enterprise), By End User(Retail, IT & Telecom, BFSI, Manufacturing), By Region - Industry Forecast 2024-2031

Recruitment Software Market Competitive Landscape

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What is the global market size of Recruitment Software Market?

Who are the key vendors in the Recruitment Software Market?

What is the key driver of Recruitment Software Market?

What is the key market trend for Recruitment Software Market?

Which region accounted for the largest share in Recruitment Software Market?

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