According to IMARC Group latest report, the global recruitment software market size reached US$2.26 billion in 2020. Looking ahead, the market is expected to grow at a CAGR of around 6% between 2021 and 2026.
Recruitment software refers to the operating systems that talent acquisition and hiring managers use to streamline candidate flow and the recruitment process. It is primarily used to post job vacancies, process applications, schedule interviews, maintain a candidate database, and gather feedback from applicants. Candidate Relationship Management (CRM) systems, Applicant Tracking Systems (ATS) and interview software are all part of recruitment software. It can also conduct background checks and pre-employment assessments, as well as orientation and onboarding training for new hires, enabling recruiting managers and the company to work more efficiently.
Get a PDF sample for more detailed market insights: https://www.imarcgroup.com/recruitment-software-market/requestsample
Note: We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
Increasing penetration of cloud-based platforms and increasing adoption of mobile-based recruitment systems are driving the growth of the recruitment software market. In addition, the implementation of automated resume verification methods that use artificial intelligence (AI) to assess the candidate’s skill and experience level is also contributing to the growth of the market. This software also uses machine learning (ML) systems and optical trackers to identify market patterns and trends through analytical inputs and transaction activity. Numerous other factors such as Factors such as the growing need to replace traditional hiring methods to minimize overhead costs, the emergence of social recruitment trends and the rising number of start-up companies are expected to drive the global recruitment software market in the years to come.
Analysis and Segmentation of Global Recruitment Software Market 2021-2026:
The competitive landscape of the market has been studied in the report that provides the detailed profiles of the major market players.
- Accenture (NYSE:ACN)
- ADP LLC,
- Ceridian HCM Inc.,
- cognizant technology solutions,
- cornerstone on-demand,
- Kenexa Corporation (IBM),
- People Admin,
- SumTotal Systems Inc.,
- Zoho Corporation, etc.
Buy full report: https://www.imarcgroup.com/checkout?id=1917&method=1
The report has segmented the market based on deployment model, component, company size, industry and region.
Breakdown by Deployment Model:
Breakdown by component:
Breakdown by company size:
- Small and medium-sized companies
- Large companies
Breakdown by vertical:
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Browse related reports:
IMARC Group is a leading market research company providing management strategies and market research worldwide. We partner with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.
30N Gould St
Sheridan, Wyoming 82801
United States of America