Home News From 2016 to 2025, the Global Recruiting Software Market Is Estimated to Develop at a CAGR of 33%

From 2016 to 2025, the Global Recruiting Software Market Is Estimated to Develop at a CAGR of 33%

From 2016 to 2025, the Global Recruiting Software Market Is Estimated to Develop at a CAGR of 33%

According to the research report, Recruitment Software Market witnessed a YOY growth of 4.74% in 2020 at a CAGR of 5% during the forecast period. The report is segmented by deployment (on-premises and SaaS-based) and geography (North AmericaEurope, APAC, South America, and MEA).

The recruitment Software Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Accenture Plc
  • Cognizant Technology Solutions Corp.
  • Hireku Inc.
  • International Business Machines Corp.
  • iCIMS Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Saba Software Inc.
  • SAP SE
  • Zoho Corp.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.

Geographical Market Analysis

Europe will provide maximum growth opportunities in the Recruitment Software market during the forecast period. According to our research report, the region will contribute to 33% of the global market growth.

Another region experiencing significant market expansion in North America. The demand for recruiting software in North America is predicted to rise as businesses move toward automation, the number of start-ups increases and job opportunities expand, particularly in nations like the United States and Canada.

Furthermore, countries such as the US, UK, AustraliaGermany, and France are expected to emerge as prominent markets for Recruitment Software Market during the forecast period.

Know more about this market’s geographical distribution along with a detailed analysis of the top regions. Download Free Sample Report

Key Segment Analysis

During the projected period, the on-premises segment will gain considerable market share in recruiting software. The company will need more hardware and network infrastructure as the number of candidates grows. As a result, more money will be invested in this type of solution. Additionally, businesses that use on-premises recruitment software will be accountable for keeping a data backup and having a disaster recovery strategy. The share of on-premises recruiting software is likely to fall during the projection period as SMEs increasingly move to SaaS-based recruitment software.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years.

Key Market Drivers & Challenges:

The improved communication capabilities and productivity of recruiters are one of the primary elements driving growth in the recruitment software market. Recruitment tools such as Lumesse’s Talent Acquisition Experience Platform and IBM’s Kenexa Talent Acquisition Suite assist businesses in quickly filtering, ranking, and storing candidate data. It also makes tracking the application’s progress easier and more efficient. Recruiters need software to ensure quick response times and interact efficiently with both their own teams and applicants during the hiring process.

However, the danger of open-source recruiting software will be a major challenge for the recruitment software industry.

Download free sample for highlights on market Drivers & Challenges affecting the Recruitment Software Market.

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Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment
  • On-premises – Market size and forecast 2019-2024
  • SaaS-based – Market size and forecast 2019-2024
  • Market opportunity by Deployment

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture Plc
  • Cognizant Technology Solutions Corp.
  • Hireku Inc.
  • International Business Machines Corp.
  • iCIMS Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Saba Software Inc.
  • SAP SE
  • Zoho Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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