Global Recruitment Software
Market Report
2024
Recruitment Software market was valued at USD 3.31 billion in 2022 and is projected to reach USD 5.81 billion by 2030, registering a CAGR of 7.1% for the forecast period 2023- 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Recruitment Software market was valued at USD 3.31 billion in 2022 and is projected to reach USD 5.81 billion by 2030, registering a CAGR of 7.1% for the forecast period 2023- 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Recruitment Software Market Sales Revenue 2030 | $ 3.01 Billion |
Global Recruitment Software Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.52% |
Market Split by Product |
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Market Split by Enterprise Size |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Recruitment Software industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Recruitment Software Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Recruiting software is a computerized system that supports human resources professionals manage the employee lifecycle from source for hiring, identifying suitable candidates to onboarding new employees. With the help of recruiting software, the hiring process becomes streamlined, allowing hiring managers and HR users to get more suitable candidates faster for various posts in the organization. Due to the recruitment software, the tedious processes of hiring like screening resumes, examining, processing, and organizing candidates can be done easily. Organizations of small, medium, and large sizes leverage recruiting software as it’s conducive to hiring success. According to Jobscan, over 98% of Fortune 500 companies use recruitment software. However, this software is not solely for large companies and organizations, or only specific sectors it can be used in several industries including manufacturing, healthcare, hospitality, BFSI, education, and others. As anyone in human resources (HR) knows, finding, hiring, and onboarding quality applicants can be time-consuming and challenging.
Every industry, regardless of size or industry, relies heavily on the recruitment process. The primary purpose of recruitment is to discover competent and talented employees who can contribute to the organization's development and progress. Due to this, the demand for recruitment software has witnessed a significant upsurge. With a growing number of applicants for all job posts organizations are preferring automated solutions that can efficiently manage the hiring process. Automated recruitment solutions offer advantages such as resume parsing, applicant tracking, and candidate management, allowing organizations to track and manage applicants throughout the recruitment pipeline seamlessly.
Recruitment software streamlines manual operations increases hiring team coordination, and serves as a centralized platform for managing candidate data. Organizations may save time, decrease administrative responsibilities, and assure a better and more organized hiring experience by optimizing recruitment processes.
There is the possibility that recruitment software could discard excellent candidates’ CVs due to formatting issues or key words issues with their CVs or application. If recruiters do not pick their CVs, they can miss out on interviewing someone who would have been better for the specific job role.
Since keywords drive the software filtering system, it can be possible for shrewd candidates to play the system and build effective keywords into their CVs. However, some other applicants may miss out on required keywords and yet possess all the criteria required, just with different descriptors. Narrow criteria of keywords can reject suitable applicants who use different words or have issues with spelling even though they may be the best person for the role. This can hamper the growth of the market.
AI and machine learning (ML), or AI/ML, are becoming crucial next steps for company growth. In recent years, more and more organizations have used this technology, reaping major benefits in a variety of sectors. According to a survey, 28% of respondents state AI/ML will play a critical role in their business, compared to 10% in 2020. Furthermore, 79% of respondents view AI/ML as highly significant, compared to 53% in 2020. Artificial Intelligence (Al) and Machine Learning (ML) have transformed recruitment processes by increasing the efficiency and rate of productivity in organizations, which can create lucrative opportunities for the global recruitment software market during the forecast period.
COVID-19 has a mixed impact on the global recruitment software market. Due to restrictions imposed by the government, many industries partially or completely shut down, and due to this the hiring processes of these industries also stopped. But, on the other hand, some industries like IT, market research, and others that could have continued their operations during the pandemic, preferred online recruitment. This led to the heightened demand for recruitment software from these industries.
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April 2023
Comeet ATS Launched a Powerful and Industry-Leading Recruiting AI Assistant
Comeet, a global provider of collaborative recruiting software, has launched its new AI Assistant, designed to enable better hiring decisions, improve candidate experience, and promote diversity and inclusion.
March 2023
Ceipal Launched Advanced Recruitment Automation Package
Ceipal, an AI-powered talent acquisition platform, launched an advanced and comprehensive package of features to automate the entire talent acquisition lifecycle. Staffing organizations with five to ten recruiters can gain unlimited access to Ceipal’s advanced automation capabilities, including key ATS features, AI for recruiting, text recruiting, business intelligence and reporting, advanced CRM tools, and more in one affordable bundle.
January 2023
SmartRecruiters Launched New Product Update for Enhanced Recruiting Experience
SmartRecruiters announced the launch of its latest product update, which includes several new features and enhancements designed to improve the recruiting experience for hiring managers and candidates.
October 2022
IRIS Software Group expanded its HCM offering with the acquisition of recruitment software and services provider Networx
RIS Software Group (IRIS), one of the UK’s largest software companies, announced that it has acquired Networx, an Applicant Tracking System (ATS) and recruitment software and services provider in the UK.
May 2022
Crosschq Acquired Recruiting Analytics Software
Crosschq, which is powering a revolution in data-driven hiring and people analytics, announced that it has acquired TalentWall, creators of the popular recruiting analytics platform that enables talent acquisition teams to hire more efficiently and collaboratively through the use of data.
Top Companies Market Share in Recruitment Software Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America is estimated as the largest contributor to the global recruitment software market, and it held about 44.73% market share in 2022. This is due to the quick adoption of advanced technologies in various industry sectors, well-developed IT infrastructure, strong presence of major market players, and others. For instance, the major market players like Taleo Corporation (Oracle), Halogen Software Inc., Kenexa Corporation (IBM), SumTotal Systems Inc., and others belong to North America, which is increasing the market value of the recruitment software market in this region.
On the other hand, the APAC region is estimated to grow with significant CAGR during the forecast period, owing to the growing industrialization in major economies like India, China, Japan, and others, growing adoption of advanced technologies in different organizations, business expansion of market players in this region.
The current report Scope analyzes Recruitment Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Recruitment Software Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Recruitment Software Industry growth. Recruitment Software market has been segmented with the help of its Product, Enterprise Size Application, and others. Recruitment Software market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on deployment the software segment is dominating the global recruitment software and held a market share of about 56.41% in 2022.
The software segment is further classified into, Resume Management, Contact Management. Workflow Management, Reporting and Analytics, Mobile Recruitment, and Others. Recruitment software providers leveraging artificial intelligence, cloud computing, and automation to develop innovative recruitment solutions. Recruitment software enhances the effectiveness and efficiency of recruitment processes, which is accelerating market growth. Furthermore, the cost-effectiveness of the software played a significant role in the growth of this segment. The software as a Service (SaaS) model allows industries to access innovative recruitment tools without large investments in infrastructure and maintenance. Due to this, the software segment is dominating the market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Recruitment Software Industry. Request a Free Sample PDF!
Based on enterprise size, the report will provide detailed information about Large Enterprises and Small and Medium-Sized. Large-sized Enterprises are estimated as the largest shareholder in the global recruitment software market. Large enterprises require strong employee strength, which demands a streamlined recruitment process. Additionally, these enterprises have special HR departments and hiring teams that can benefit from the advantages of recruitment software.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Recruitment Software Market is witnessing significant growth in the near future.
In 2023, the Software segment accounted for noticeable share of global Recruitment Software Market and is projected to experience significant growth in the near future.
The Large Enterprises segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies SuccessFactors (SAP) , ADP and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The market growth can be attributed to the rising demand for recruiting software across the various end-use industries. The most significant value proposition of the recruiting software is to reduce the time and precious human resources spent on repetitive manual tasks like job posting, applicant scoring, screening, etc.
Disclaimer:
Product | Software, Services |
Enterprise Size | Large Enterprises, Small and Medium-Sized Enterprises |
Application | Healthcare, Manufacturing, Education, Hospitality, Others |
List of Competitors | SuccessFactors (SAP), Kenexa Corporation (IBM), ADP, Kronos, Accenture Plc, Halogen Software Inc., Ceridian HCM Inc., Taleo Corporation (Oracle), Cognizant Technology Solutions, PeopleAdmin, SumTotal Systems Inc, and others. |
This chapter will help you gain GLOBAL Market Analysis of Recruitment Software. Further deep in this chapter, you will be able to review Global Recruitment Software Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Enterprise Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Recruitment Software market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Software have a significant impact on Recruitment Software market? |
What are the key factors affecting the Software and Services of Recruitment Software Market? |
What is the CAGR/Growth Rate of Large Enterprises during the forecast period? |
By type, which segment accounted for largest share of the global Recruitment Software Market? |
Which region is expected to dominate the global Recruitment Software Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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