Companies in the recruitment software market are Taleo Corporation (Oracle), Success Factors (SAP), Kronos, Accenture Plc, Kenexa Corporation (IBM)
According to a recent report published by Fortune Business Insights, titled “Recruitment Software Market“Analysis of the size, share and impact of COVID-19, by component (solution, services), type of service (retail, IT and telecommunications, BFSI, manufacturing, healthcare, education, hospitality , Media & Entertainment), Enterprise Size (Small & Medium Enterprise, Large Enterprise), and Regional Forecast 2018-2025”, the global recruitment software market size was valued at USD 1,753.2 million in 2021 and is expected to reach USD 3,095.8 million by 2025, growing at a CAGR of 7.4% from 2018 to 2025.
February 2019: Kronos Incorporated announced the expansion of the Workforce Dimensions technology partner network, introducing new healthcare-focused software providers using the revolutionary Workforce Dimensions solution and Kronos D5 intelligent platform, to reshaping the future of work for healthcare providers and their employees.
|Market size value in 2017||$1,753.2 million|
|Rate of growth||CAGR of 7.4 from 2018 to 2025|
|Revenue forecast in 2025||$3,095.8 million|
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The Recruitment Software Market Report Includes:
- Authoritative Information on the Recruitment Software Market Size
- Key Industry Trends
- Strategies adopted by major players
- Dominant regions
kind of service
- IT and Telecom
- Health care
- Media and Entertainment
size of the company
- Small and medium-sized enterprise
- Big business
Key Benefits to purchase Recruitment Software Market Report:
- The major countries in each region are mapped according to the revenue of each market.
- A comprehensive analysis of factors driving and restraining market growth is provided.
- The report includes an in-depth analysis of current research and clinical developments in the market.
The major players and their key developments in recent years are listed.
Drivers and Restrictions
Implemented new recruiting tools and software upgrade to drive market
Recruitment software helps maintain and track confidential employee information such as home address, financial accounts, social security number, and other related information. With the advancements in technology, new features are being introduced in HR recruiting software that enable Facebook and LinkedIn integration, advertising management, candidate sourcing, and candidate relationship management. These innovations bode well for HR software solutions in the future.
Various factors are responsible for the growth of the global recruitment software market. One of them is the growing need for analytics metrics. This, coupled with the growth of geographically diverse talent acquisitions, is fueling the demand for applicant tracking. Companies these days are focused on improving the candidate experience in order to stay among the top competitors in the market.
However, the limited technical expertise in terms of using advanced ATS may limit the growth of the global recruitment software market. This, coupled with the lack of information and lack of awareness about the Applicant Tracking System and its benefits, hinders the trajectory of the market.
Nevertheless, the growing need to automate the recruitment process and the growing focus of various companies on improving the candidate experience bodes well for the global recruitment software market. In addition, the growing popularity of mobile recruitment, in which social recruitment is conducted from career sites, mobile recruitment apps and SMS, will also fuel the demand for recruitment software in the market in the future.
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Press release distributed by The express wire
To see the original version on The Express Wire, visit Global Recruitment Software Market Expected to Reach USD 3,095.8 Million by 2025