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Global Recruitment Software Market Share, Size, Growth, 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; Competitive Landscape; 2023-2028
Global Recruitment Software Market Outlook
The recruitment software market size reached a value of more than USD 2.07 billion in 2022. The market is expected to grow at a CAGR of 6.30% between 2023 and 2028, reaching a value of USD 2.99 billion by 2027.
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Growth Inducing Market Trends
Recruitment software is a system that helps in hiring talented applicants by optimizing the hiring process for hiring managers, recruiters, and talent acquisition professionals to streamline the recruitment workflow.
Growing Demand for Recruitment Software
As companies continue to grow, they will aim to reduce the time taken in the recruitment process. This has led to increased adoption of recruitment software which can help organizations speed up their hiring process, while expanding their database.
Increasing Implementation of Automation
With technological advancements, companies are increasingly implementing automation in various operations. The recruitment software allows automation of the process of job posting on different portals and keeping track of applicants.
Global Recruitment Software Market Opportunities
Incorporation of AI in Recruitment Software
Companies are implementing AI in recruitment software for the purpose of predictive modelling as it allows recruiters and hiring managers to use the algorithms and predict who would be best for the job opening. This can significantly help in reducing the time taken in recruiting, which further propels the market development.
Emerging Nations Increasingly Adopting Recruitment Software
Recruitment software is increasingly being adopted by smaller and growing businesses and luxury brands in emerging nations owing to rapid industrialisation. With automation and management services, companies would be enabled to sort and choose the most suitable employee.
Open-Source Softwares can Pose as a Major Challenge
Open-source software can be downloaded for free and work on all platforms, and they are increasingly becoming popular in emerging nations as they allow companies to reduce upfront costs. This is a significant factor that can limit the market growth.
Global Recruitment Software Market Analysis
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Based on components, the market can be segmented into software and services. The software segment can be further divided by type into contact management, resume management, mobile management, reporting and analytics, and workflow management, among others. The service segment can be further divided into professional and managed. Based on enterprise size, the market can be bifurcated into small and medium-sized enterprises, large enterprises. Based on industry, the market divisions include manufacturing, healthcare, BFSI, education, and hospitality, among others. The regional markets for the recruitment software market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global recruitment software market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Ceridian HCM Holding, Inc.
- Oracle Corporation
- Cornerstone
- Kronos Incorporated.
- SAP SE
- Others
Enterprise Sizes for the Global Recruitment Software Market
Based on enterprise, the market bifurcations include small and medium-sized enterprises and large enterprises. Among these, the small and sized medium enterprise (SMEs) segment is expected to hold a significant share of the market owing to the rising adoption of recruitment software due to the rising competition in the market.
The large enterprise segment is expected to hold a major share of the market. This can be attributed to the wide array of businesses owned by large organisations. Due to this, large enterprises hire a large number of employees across various countries and proper management becomes a necessity. This gives the market positive opportunities for growth.
Industries for the Global Recruitment Software Market
Based on industries, the market division includes manufacturing, healthcare, BFSI, education, and hospitality, among others. The hospitality segment holds a major share of the market in the forecast period due to increasing emphasis on customer care services. The development of the hospitality sector is dependent on a large number of workers, due to which companies in the hospitality sector are always in need of capable employees.
The BFSI sector is expected to hold a significant share of the market owing to its rapid development and increasing implementation of automation has propelled the need for skilled workers.
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Competitive Landscape
Ceridian HCM Holding, Inc. is a global human capital management (HCM) company. It is headquartered in Minnesota, United States, and was founded in 2013. Their flagship HCM cloud platform, Dayforce, is an advanced service providing various including human resources, payroll, and talent management capabilities in a singular solution.
Oracle Corporation is one of the world’s largest database management companies, headquartered in Texas, United States, and was founded in 1977. The company's products can be categorised into cloud infrastructure, cloud applications, hardware, and software. They provide management solutions for various industries including automotive, health, communications, industrial manufacturing, food and beverages, among many others.
SAP SE is a German-based multinational software company, which was founded in 1972. The company specialises in resource planning and management solutions. They provide integrated applications that are utilised to connect all parts of a business. They provide their services to a wide range of industries including energy and natural resources, the service industry, the consumer industry, and the banking and insurance industry, among other industries and markets.
Other market players include Cornerstone and Kronos Incorporated, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Enterprise Size |
|
| Breakup by Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
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 (2018-2022)
8.3 Global Recruitment Software Market Forecast (2023-2028)
8.4 Global Recruitment Software Market by Component
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Large Enterprises
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Recruitment Software Market by Industry
8.6.1 Manufacturing
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Healthcare
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 BFSI
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Education
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Hospitality
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Recruitment Software Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Recruitment Software Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Recruitment Software Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Recruitment Software Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 2028
2. Global Recruitment Software Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Recruitment Software Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Recruitment Software Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2022
5. Global Recruitment Software Market Forecast: Breakup by Enterprise Size (USD Billion), 2023-2028
6. Global Recruitment Software Historical Market: Breakup by Industry (USD Billion), 2018-2022
7. Global Recruitment Software Market Forecast: Breakup by Industry (USD Billion), 2023-2028
8. Global Recruitment Software Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Recruitment Software Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Recruitment Software Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Recruitment Software Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Recruitment Software Market Structure
Key Questions Answered in the Report
In 2021, the global market for recruitment software reached a size of USD 2.07 billion.
The market is expected to grow at a CAGR of 6.30% during the period 2023-2028.
The recruitment software market is expected to reach a value of USD 2.99 billion.
The market is driven by the increasing competition in the market for hiring skilled workers and the growing implementation of automation in certain recruitment tasks.
The implementation of AI in recruitment software for streamlining the hiring process and the rising adoption of recruitment services due to rapid industrialisation in emerging nations can provide significant market growth opportunities.
The regional markets for the global market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The components of the market include software and services.
The enterprise sizes in the market include small and medium-sized enterprises and large enterprises.
The different industries in the market include manufacturing, healthcare, BFSI, education, and hospitality, among others.
The key players in the market include Ceridian HCM Holding, Inc., Oracle Corporation, Cornerstone, Kronos Incorporated., and SAP SE, among others.
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