recruitment software market report
Technology

Recruitment Software Market Outlook 2022-2027: IMARC Group

Global recruitment software market by deployment model, component, company size, vertical, Industry outlook and region.

What is the size of the recruitment market?

The global recruitment software market size reached US$2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$2.8 billion by 2027, showing a growth rate (CAGR) of 6.5% over the period 2022-2027.

Impact of Covid-19:

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Recruiting software refers to the operating systems used by talent acquisition and hiring managers to improve the recruiting process and candidate flow. It is mainly adopted to advertise vacancies, process applications, schedule interviews, maintain a database of applicants, and collect feedback from applicants. Recruiting software is an amalgamation of applicant relationship management (CRM) systems, applicant tracking systems (ATS), and interviewing software. It can also perform background checks and pre-hire assessment, followed by orientation and integrated training of new employees, improving the effectiveness of hiring managers and the organization.

Global Recruitment Software Industry Trends and Drivers:

Rising penetration of cloud-based platforms and increasing adoption of mobile-based recruitment systems are driving the growth of the recruitment software market. Furthermore, the implementation of automated CV screening methods that use artificial intelligence (AI) to assess the level of skills and experience of the candidate is also increasing the market growth. This software also uses machine learning (ML) systems and optical trackers to identify market patterns and trends through analytical inputs and transactional activity. Many other factors such as growing need to replace traditional recruiting methods to minimize overhead, emergence of social recruiting trends and increasing number of start-ups are expected to fuel the global recruiting software market in coming years. .

Analysis and segmentation of the global recruitment software market 2022-2027:

Competitive Landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.

  • Accenture (NYSE:ACN)
  • ADP LLC,
  • Ceridian HCM Inc.,
  • Cognizant Technology Solutions,
  • Cornerstone on request,
  • iCIMS,
  • Kenexa Corporation (IBM),
  • Oracle,
  • PeopleAdmin,
  • SAP,
  • SumTotal Systems Inc.,
  • Zoho Corporation, etc.

For more information on this report, visit: https://www.imarcgroup.com/recruitment-software-market

The report has segmented the market on the basis of deployment model, component, company size, vertical, and region.

Market Breakdown by Deployment Model:

  • On-premises
  • SaaS Based

Market breakdown by component:

  • Software
    • Contact Management
    • Resume Management
    • Mobile Recruitment
    • Reporting and Analytics
    • Workflow Management
    • Others
  • Services
    • Professional
    • Managed

Market Breakdown by Company Size:

  • Small and medium enterprises
  • Large companies

Breakdown of the market by vertical:

  • Manufacturing
  • Health care
  • Hospitality
  • BFSI
  • Education
  • Others

Market Breakdown by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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