Global Recruitment Software Market

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 2025-2032


Report ID: SQMIG45E2168 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 119 | Figures: 77

Recruitment Software Market News

  • In September 2024, Oracle declared a novel open skills framework in Oracle Dynamic Skills that aids businesses to develop, organize, and execute a skill-based talent strategy. A unit of Oracle fusion Cloud (HCM) Human Capital Management, Oracle Dynamic Skills assist businesses irrespective of their status on skills journey and better interpret and use their personnel’s skills and increase access. 
  • In June 2024, L3Harris Technologies declared a strategic alliance with Accenture to speed up its technology refreshment. This initiative, a unit of LHX NeXt transformation by L3Harris is dedicated for creating a strong digital core and establishing novel ways of conducting activities, aid in enhancing operations and allowing growth in the future. 
  • In March 2024, Oracle’s novel generative artificial intelligence tools for human resources aim to minimize costs and assist applicants self-select. The company’s focus on automating HR systems is obtaining a push from its recent unveiling of generative AI tools.
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FAQs

Recruitment Software Market size was valued at USD 2.78 Billion in 2023 and is poised to grow from USD 3.05 Billion in 2024 to USD 6.47 Billion by 2032, growing at a CAGR of 9.86% during the forecast period (2025-2032).

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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Global Recruitment Software Market

Report ID: SQMIG45E2168

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