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India Recruitment Software Market Size, Share, Trends, Forecast: By Component: Software, Services; By Enterprise Size: Small and Medium Sized Enterprises, Large Enterprises; By Industry: Manufacturing, Healthcare, BFSI, Education, Hospitality, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
India Recruitment Software Market Outlook
The India recruitment software market size reached approximately USD 88.82 million in 2023. The market is assessed to grow at a CAGR of 6.3% between 2024 and 2032 to attain a value of around USD 154.20 billion by 2032.
Key Trends in the Market
Recruitment software refers to a system that can support hiring professionals to manage the recruitment process, ranging from the identification of candidates to onboarding. It can speed up the recruitment process, reduce administrative load, simplify scheduling interviews, and improve the quality of hire.
- One of the India recruitment software market trends is the rising popularity of virtual recruiting and onboarding. Companies are deploying recruitment software to find suitable candidates beyond geographical reach, convey the company’s culture, improve brand visibility, and enhance the real-time visibility of candidates.
- The integration of predictive analytics and big data, among others, in the solution to mine and analyse information about candidates, understand candidate behaviours, forecast the performance and cultural fit of a candidate, and improve organisational efficiency is fuelling the India recruitment software market demand.
- With the rising emphasis on personalisation, companies are leveraging features such as customised application forms, personalised communication, and tailored job-recommendation of recruitment software to create a positive candidate experience and attract high-quality talent.
- Advancements in technologies like artificial intelligence (AI) are likely to favour the India recruitment software market growth in the forecast period. AI-enabled recruitment software enhances the flexibility and efficiency of the workflow and talent acquisition process, automates the recruitment process, and boosts candidates' experiences while improving the decision-making ability of recruiters.
Market Analysis
Based on component, the India recruitment software market segmentation includes software and services. On the basis of enterprise size, the market can be divided into small and medium sized enterprises and large enterprises. By industry, the market is categorised into manufacturing, healthcare, BFSI, education, and hospitality, among others. The major regional markets for recruitment software in India include North India, East and Central India, West India, and South India.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India recruitment software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Oracle Corporation
- Zoho Corporation Pvt. Ltd.
- Accenture Plc
- Turbohire Technologies Pvt Ltd.
- SAP SE
- Zimyo
- Talentica Software (Talentpool)
- GoHire Technologies LTD.
- Others
Market Share by Enterprise Size
Small and medium-sized enterprises represent a major portion of the India recruitment software market share. SMEs, encompassing sectors such as IT, manufacturing, and food, among others, are not only the backbone of the Indian economy but also a major employer of the country’s population. Recruitment software can support such enterprises to streamline their workflow and evaluate their recruiting process to create data-driven and cost-effective recruiting strategies.
Market Share by Industry
As per the India recruitment software market analysis, the usage of the software in the BFSI industry is significantly rising. Banks and financial institutions are actively deploying recruitment services and solutions to automate several recruitment processes such as candidate matching and interview screening while prioritising the experience of candidates.
In the forecast period, the demand for recruitment software in the healthcare sector is anticipated to witness healthy growth, supported by the growing requirement for qualified professionals due to increasing health issues. The increasing attempts by healthcare organisations to optimise recruitment and ensure the compliance of healthcare workers with various regulations are likely to further aid the India recruitment software market expansion in the coming years.
Competitive Landscape
Accenture Plc is one of the largest professional service providers that was founded in 1989. Its services are widely deployed by governments and businesses to optimise their operations, enhance their efficiency, and boost their profitability. With footprints in over 120 countries across the globe, the company aims to combine technology with its global delivery capacity to support the digital transformation of numerous organisations.
SAP SE, headquartered in Walldorf, Germany, is a leading provider of software services and enterprise software. Established in 1972, the company supports organisations of all sizes to enhance their sustainability, visibility, transparency, and profitability across different domains.
GoHire Technologies LTD., a part of Orpine Group, is a company that provides various technologies and tools to support businesses in optimising their recruitment process. It is based in Tamil Nadu, India, and is recognised for its focus on reliability, innovations in service delivery, and quality. Some of the sectors it serves are BFSI, technology, telecommunications, and manufacturing, among others.
Other India recruitment software market players include Oracle Corporation, Zoho Corporation Pvt. Ltd., Turbohire Technologies Pvt Ltd., Zimyo, and Talentica Software (Talentpool), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Enterprise Size |
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| Breakup by Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
7 Opportunities and Challenges in the Market
8 India Recruitment Software Market Analysis
8.1 Key Industry Highlights
8.2 India Recruitment Software Historical Market (2018-2023)
8.3 India Recruitment Software Market Forecast (2024-2032)
9 India Recruitment Software Market by Component
9.1 Software
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Markert by Type
9.1.3.1 Contact Management
9.1.3.2 Resume Management
9.1.3.3 Mobile Recruitment
9.1.3.4 Reporting and Analytics
9.1.3.5 Workflow Management
9.1.3.6 Others
9.2 Services
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Markert by Type
9.2.3.1 Professional
9.2.3.2 Managed
10 India Recruitment Software Market by Enterprise Size
10.1 Small and Medium Sized Enterprises
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Large Enterprises
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 India Recruitment Software Market by Industry
11.1 Manufacturing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Healthcare
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 BFSI
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Education
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Hospitality
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 India Recruitment Software Market by Region
12.1 North India
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 East and Central India
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 West India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South India
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Oracle Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Zoho Corporation Pvt. Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Accenture Plc
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Turbohire Technologies Pvt Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 SAP SE
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Zimyo
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Talentica Software (Talentpool)
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 GoHire Technologies LTD.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Recruitment Software Market: Key Industry Highlights, 2018 and 2032
2. India Recruitment Software Historical Market: Breakup by Component (USD Billion), 2018-2023
3. India Recruitment Software Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. India Recruitment Software Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. India Recruitment Software Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. India Recruitment Software Historical Market: Breakup by Industry (USD Billion), 2018-2023
7. India Recruitment Software Market Forecast: Breakup by Industry (USD Billion), 2024-2032
8. India Recruitment Software Historical Market: Breakup by Region (USD Billion), 2018-2023
9. India Recruitment Software Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. India Recruitment Software Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 88.82 billion.
The market is assessed to grow at a CAGR of 6.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 154.20 billion by 2032.
The rising popularity of virtual recruiting and onboarding and the surging integration of various technologies in recruitment software are the major market drivers.
The key trends guiding the market are the rising emphasis on personalisation, the growing usage of this software in the BFSI, and technological advancements and innovations.
The major regions in the market are North India, East and Central India, West India, and South India.
The major components of recruitment software are software and services.
The major players in the market are Oracle Corporation, Zoho Corporation Pvt. Ltd., Accenture Plc, Turbohire Technologies Pvt Ltd., SAP SE, Zimyo, Talentica Software (Talentpool), and GoHire Technologies LTD., among others.
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