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Global Recruitment Software Market Report and Forecast 2024-2032
Market Report I 2023-11-07 I 166 Pages I EMR Inc.
Global Recruitment Software Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global recruitment software market reached a value of USD 2.07 billion in 2023. Aided by the swift digital transformation across corporate sectors and the growing need for efficient talent acquisition strategies, the market is projected to further grow at a CAGR of 6.30% between 2024 and 2032.
Recruitment software, a subcategory of human resource management (HRM), is a solution designed to automate and streamline the hiring process. This software aids organisations in sourcing, tracking, and managing potential candidates, ensuring that the best talent is brought on board. By reducing administrative tasks and enhancing the overall efficiency of the recruitment process, such software is rapidly becoming an integral tool for HR departments globally.
A pivotal force shaping the trajectory of the global recruitment software market growth is the increasing need for companies to integrate automated solutions in HR operations. As industries become more competitive, attracting, and retaining top talent is paramount. Recruitment software, with features like Applicant Tracking System (ATS) and Candidate Relationship Management (CRM), offers a unified platform to manage job postings, screen resumes, conduct interviews, and onboard new employees.
As per the recruitment software market analysis, the rise of remote working, especially after the global pandemic, has triggered an upsurge in virtual recruitment processes. Companies are increasingly relying on recruitment software to conduct online assessments, video interviews, and virtual onboarding, ensuring seamless integration of new employees even from remote locations.
The ongoing innovation in Artificial Intelligence (AI) and machine learning is further propelling the recruitment software market demand. Modern platforms integrate AI algorithms to scan and match candidate profiles with job descriptions, predict candidate success rates, and even forecast retention rates. These features not only speed up the hiring process but also enhance the quality of hires.
In the coming years, one can expect the recruitment software market to witness further evolution. The integration of advanced analytics to gauge recruitment metrics, the use of blockchain for verification processes, and the development of mobile-friendly recruitment apps are just a few of the many innovations on the horizon which increase the value of the recruitment software market size.
Market Segmentation
The market can be divided based on component, enterprise size, industry, and region.
Market Breakup by Component
- Software
o Contact Management
o Resume Management
o Mobile Recruitment
o Reporting and Analytics
o Workflow Management
o Others
- Services
o Professional
o Managed
Market Breakup by Enterprise Size
- Small and Medium Sized Enterprises
- Large Enterprises
Market Breakup by Industry
- Manufacturing
- Healthcare
- BFSI
- Education
- Hospitality
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global recruitment software market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ceridian HCM Holding, Inc.
- Oracle Corporation
- Cornerstone
- Kronos Incorporated.
- SAP SE
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Recruitment Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Recruitment Software Historical Market (2018-2023)
8.3 Global Recruitment Software Market Forecast (2024-2032)
8.4 Global Recruitment Software Market by Component
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Contact Management
8.4.1.4.2 Resume Management
8.4.1.4.3 Mobile Recruitment
8.4.1.4.4 Reporting and Analytics
8.4.1.4.5 Workflow Management
8.4.1.4.6 Others
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Professional
8.4.2.4.2 Managed
8.5 Global Recruitment Software Market by Enterprise Size
8.5.1 Small and Medium Sized Enterprises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Large Enterprises
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Recruitment Software Market by Industry
8.6.1 Manufacturing
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Healthcare
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 BFSI
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Education
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Hospitality
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Recruitment Software Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Recruitment Software Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Recruitment Software Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Recruitment Software Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Recruitment Software Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Recruitment Software Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Ceridian HCM Holding, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Oracle Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cornerstone
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kronos Incorporated.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 SAP SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Recruitment Software Market: Key Industry Highlights, 2018 and 2032
2. Global Recruitment Software Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Recruitment Software Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Recruitment Software Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Global Recruitment Software Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Global Recruitment Software Historical Market: Breakup by Industry (USD Billion), 2018-2023
7. Global Recruitment Software Market Forecast: Breakup by Industry (USD Billion), 2024-2032
8. Global Recruitment Software Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Recruitment Software Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Recruitment Software Market Structure
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