Press release
Recruitment Software Market Report 2021-2026 | Industry Trends, Market Share, Size, Growth and Opportunities
According to the latest report by IMARC Group, titled, “Recruitment Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global recruitment software market reached a value of US$ 2.26 Billion in 2020. Looking forward, the market expects to grow at a CAGR of around 6% during 2021-2026.Recruitment software refers to operating systems used by talent acquisition and hiring managers to improve the recruitment process and candidate flow. It is primarily adopted to publish vacancies, process applications, schedule interviews, maintain a database of candidates, and collect applicant feedback. Recruitment software is an amalgamation of candidate relationship management (CRM) systems, applicant tracking systems (ATS), and interviewing software. It can also perform background checks and pre-hire assessment, followed by orientation and onboard training of the new employees, thereby improving the efficiency of the hiring managers and the organization.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/recruitment-software-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The rising penetration of cloud-based platforms and the increasing adoption of mobile-based recruitment systems are driving the growth of the recruitment software market. Furthermore, the implementation of automated resume screening methods that use artificial intelligence (AI) to evaluate the candidate’s level of skills and experience is also augmenting the market growth. This software also employs machine learning (ML) systems and optical trackers to identify market patterns and trends through analytical inputs and transactional activities. Numerous other factors, such as the growing need for replacing traditional hiring methods to minimize overhead costs, the emergence of social recruiting trends, and the rising number of start-up companies, are anticipated to fuel the global market for recruitment software in the coming years.
Global Recruitment Software Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ADP LLC,
Ceridian HCM Inc.,
Cognizant Technology Solutions,
Cornerstone OnDemand,
iCIMS,
Kenexa Corporation (IBM),
Oracle,
PeopleAdmin,
SAP,
SumTotal Systems Inc.,
Zoho Corporation, etc.
For more information about this report visit: https://www.imarcgroup.com/recruitment-software-market
The report has segmented the market on the basis of Deployment Model, Component, Enterprise Size, Vertical and Region.
Breakup by Deployment Model:
On-premises
SaaS Based
Breakup by Component:
Software
Services
Breakup by Enterprise Size:
Small and Medium-Sized Enterprises
Large Enterprises
Breakup by Vertical:
Manufacturing
Healthcare
Hospitality
BFSI
Education
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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Contact US
IMARC Group
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Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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