Press release
Recruitment Software Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2026
Recruitment Software Market
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Currently, the implementation and integration services segment holds a major share in the market followed by maintenance and operations and consulting services. In 2017, the implementation and integration services held a 35% share in the global market. In the coming years, however, the maintenance and operations services segment is expected to exhibit growth at the fastest rate.
Top Key Players Mentioned:
Taleo Corporation (Oracle)
SuccessFactors (SAP)
Kronos
Accenture Plc
Kenexa Corporation (IBM)
“Leading Players Are Focusing on Strategic Collaborations to Gain Competitive Advantage”
Major market players are focusing on mergers and acquisitions to develop impeccable software solutions for HR recruitment services in the future. At present, companies are focusing on cross-selling newly added features in their software to other multinational companies. This is also intended at expanding its geographic footprint. Besides this, vendors are focusing on joint ventures and strategic collaborations for expanding their businesses worldwide and remain on top.
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“Implementation of New Recruitment Tools and Software Upgrade to Boost Market”
Recruitment software helps to maintain and track confidential information of employees, such as their home address, financial accounts, social security number, and other related information. With advancements in technology, new features are introduced in HR recruitment software that allows integration of Facebook and LinkedIn, management of advertisement, candidate searching and candidate relationship management. These innovations will bode well for the HR software solutions in the future.
Various factors are responsible for the growth of the global recruitment software market. One among them is the rising need for analytics metrics. This, coupled with the growth in geographically diverse talent acquisitions, is fueling demand for applicant tracking. Nowadays companies are focusing on enhancing 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 restrict the growth of the global market. This, coupled with, the lack of information and no awareness about the applicant tracking system and its benefits hinder the market’s trajectory.
Nevertheless, the rising need to automate the process of recruitment and the increasing focus of various companies towards improving candidate experience is likely to bode well for the global recruitment software market. Furthermore, the increasing popularity of mobile recruitment, wherein social recruiting is done from career sites, mobile recruiting applications, and text messages will also fuel demand for recruitment software in the market in the future.
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“Rising Demand from Service Sectors Boosts Recruitment Software Market in North America”
Geographically, both South and North America are expected to share dominance in the global market. This growth is attributable to the rising demand for recruitment software from the service sector. Again, the rise in the adoption of different solutions in Silicon Valley is fueling the demand for HR recruitment software solutions. Meanwhile, in Europe, the market will exhibit steady growth due to the collaboration of corporate offices within various industry verticals.
The increasing number of start-ups companies and their rising focus on the development of Smartphone applications are propelling the recruitment software market in Asia Pacific. The report forecasts the Asia Pacific market to emerge as the fastest-growing region during the forecast period. Besides this, rapid industrialization and the increasing need for mobility in emerging economies such as China and India will also boost the market in the years to follow.
Major Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Global Market Overview
Macro and Micro Economic Indicators
Emerging Market Trends
Industry SWOT Analysis
Global Recruitment Software Market Analysis, Insights and Forecast, 2014-2025
Definitions
Key Findings / Summary
Market Analysis, Insights and Forecast – By Component
Solution
On-Premise
Cloud-Based
Services
Consulting
Maintenance & Operations
Implementation & Integration
Market Analysis, Insights and Forecast – By Service Type
Retail
IT & Telecom
BFSI
Manufacturing
Healthcare
Education
Hospitality
Media & Entertainment
Others (Construction etc.)
Market Analysis, Insights and Forecast – By Enterprise Size
Small & Medium Enterprise
Large Enterprise
Market Analysis, Insights and Forecast – By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Recruitment Software Market Analysis, Insights and Forecast,2014-2025
Key Findings / Summary
Market Analysis, Insights and Forecast – By Component
TOC Continued…!
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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