Recruitment Software Market, By Component (Solution and Services), By Service Type (Retail, IT & Telecom, BFSI, Manufacturing, Healthcare, Education, Hospitality, and Media & Entertainment), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI451220 | Publish Date: April 2023 | No. of Pages: 145

Global Recruitment Software Market Overview

The recruitment software is used by talent acquisition and hiring managers to optimize the recruitment process and candidate flow. It’s primarily utilized by the organizations to keep up a database of candidates, publish vacancies, process applications, schedule interviews and collect candidate feedback. This software is an amalgamation of applicant tracking systems (ATS), candidate relationship management (CRM) systems and interviewing software. It may also perform pre-hire assessment and background checks, followed by onboard training and orientation of the new employees, thereby enhancing the efficiency of the hiring managers and also the organization. The global recruitment software market accounted for US$ XX billion in 2020 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. Due to the lockdown and isolation policies that were implemented in countries across the world, many companies have been forced to shut or downsize. As a result, many organizations have put their recruitment on hold until the crisis ends. This report will quantify the impact of pandemic on recruitment software market.

Global Recruitment Software Market Dynamics

The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based recruitment systems, is one of the key factors driving the growth of the market. Organizations are rapidly adopting automated resume screening methods that use artificial intelligence (AI) to assess the level of skills and experience of the candidate. The software also utilizes optical trackers and machine learning (ML) systems to identify market trends and patterns through transactional activities and analytical inputs.

The emergence of social recruiting tools such as candidate searching, candidate relationship management, advertising management, and integration of LinkedIn and Facebook are likely to drive the growth of the market, a growing need to replace traditional hiring methods to minimize paperwork, wastage of resources and costs, coupled with the increasing number of start-up companies, especially in the developing economies, are projected to drive the market further. However, the limited technical expertise in terms of using advanced ATS may restrict growth of the global recruitment software market. This coupled with, the lack of information and no awareness about applicant tracking system and its benefits hinder the market’s trajectory.

Global Recruitment Software Market Segmentation

 

The global recruitment software market is segmented based on component, service type, enterprise size, and region.

On the basis of component, the global recruitment software market is segmented into solution, and services. Based on service type, the target market segmented into retail, IT & telecom, BFSI, manufacturing, healthcare, education, hospitality, and media & entertainment. Based on enterprise size the target market is segmented into small & medium enterprise, and large enterprise.

Regional Insights:

On region the global recruitment software market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the recruitment software market. This is attributed to rising demand for recruitment software from service sector and the rise in adoption of different solutions in Silicon Valley is fuelling the demand for HR recruitment software solutions. Meanwhile in Europe, the market will exhibit a steady growth due to the collaboration of corporate offices within various industry verticals. Moreover, the increasing number of start-ups companies and their rising focus on development of Smartphone applications is propelling the recruitment software market in Asia Pacific region.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Component: Solution, and Services

By Service Type: Retail, IT & Telecom, BFSI, Manufacturing, Healthcare, Education, Hospitality, and Media & Entertainment

By Enterprise Size: Small & Medium Enterprise, and Large Enterprise

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global recruitment software market report based on component, service type, enterprise size and region.

Global Recruitment Software Market, By Component:

  • Solution
  • Services

Global Recruitment Software Market, By Service Type:

  • Retail
  • IT & Telecom
  • BFSI
  • Manufacturing
  • Healthcare
  • Education
  • Hospitality
  • Media & Entertainment

Global Recruitment Software Market, By Enterprise Size:

  • Small & Medium Enterprise
  • Large Enterprise

Global Recruitment Software Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Recruitment Software Market Key Players

The key players operating in the global recruitment software market includes Accenture Plc, ADP LLC, Ceridian HCM Inc., Cognizant Technology Solutions, Cornerstone OnDemand, iCIMS, Kenexa Corporation (IBM), Oracle, PeopleAdmin, SAP, SumTotal Systems Inc., and Zoho Corporation. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, in February 2019, Kronos incorporated announced the expansion of the Workforce Dimensions Technology Partner Network, by introducing new healthcare-focused software providers to utilize the revolutionary workforce dimensions solution and intelligent kronos D5 platform, to reshape the future of work for the healthcare providers and their employees.

Global Recruitment Software Market Company Profile

  • Accenture Plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ADP LLC
  • Ceridian HCM Inc.
  • Cognizant Technology Solutions
  • Cornerstone OnDemand
  • iCIMS
  • Kenexa Corporation (IBM)
  • Oracle
  • PeopleAdmin
  • SAP
  • SumTotal Systems Inc.
  • Zoho Corporation

Global Recruitment Software Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Recruitment Software Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Component
      • Market Snippet, By Service Type
      • Market Snippet, By Enterprise Size
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Recruitment Software Market, By Component, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Solution
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Recruitment Software Market, By Service Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Retail
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • IT & Telecom
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • BFSI
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Manufacturing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Education
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Hospitality
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Media & Entertainment
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Recruitment Software Market, By Enterprise Size, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Small & Medium Enterprise
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Large Enterprise
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  8. Global Recruitment Software Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • Accenture Plc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • ADP LLC
      • Ceridian HCM Inc.
      • Cognizant Technology Solutions
      • Cornerstone OnDemand
      • iCIMS
      • Kenexa Corporation (IBM)
      • Oracle
      • PeopleAdmin
      • SAP
      • SumTotal Systems Inc.
      • Zoho Corporation
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

List of Tables

TABLE List of data sources

TABLE Market drivers; Impact Analysis

TABLE Market restraints; Impact Analysis

TABLE Recruitment Software Market: Component Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Component

TABLE Global Recruitment Software Market, by Component 2019-2029 (USD Million)

TABLE Global Recruitment Software Market: Service Type Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Service Type

TABLE Global Recruitment Software Market, by Service Type 2019-2029 (USD Million)

TABLE Global Recruitment Software Market: Enterprise Size Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Enterprise Size

TABLE Global Recruitment Software Market, by Enterprise Size 2019-2029 (USD Million)

TABLE Global Recruitment Software Market: Regional snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Region

TABLE Global Recruitment Software Market, by Region 2019-2029 (USD Million)

TABLE North America Recruitment Software Market, by Country, 2019-2029 (USD Million)

TABLE North America Recruitment Software Market, by Component, 2019-2029 (USD Million)

TABLE North America Recruitment Software Market, by Service Type, 2019-2029 (USD Million)

TABLE North America Recruitment Software Market, by Enterprise Size, 2019-2029 (USD Million)

TABLE Europe Recruitment Software Market, by Country, 2019-2029 (USD Million)

TABLE Europe Recruitment Software Market, by Component, 2019-2029 (USD Million)

TABLE Europe Recruitment Software Market, by Service Type, 2019-2029 (USD Million)

TABLE Europe Recruitment Software Market, by Enterprise Size, 2019-2029 (USD Million)

TABLE Asia Pacific Recruitment Software Market, by Country, 2019-2029 (USD Million)

TABLE Asia Pacific Recruitment Software Market, by Component, 2019-2029 (USD Million)

TABLE Asia Pacific Recruitment Software Market, by Service Type, 2019-2029 (USD Million)

TABLE Asia Pacific Recruitment Software Market, by Enterprise Size, 2019-2029 (USD Million)

TABLE Latin America Recruitment Software Market, by Country, 2019-2029 (USD Million)

TABLE Latin America Recruitment Software Market, by Component, 2019-2029 (USD Million)

TABLE Latin America Recruitment Software Market, by Service Type, 2019-2029 (USD Million)

TABLE Latin America Recruitment Software Market, by Enterprise Size, 2019-2029 (USD Million)

TABLE Middle East and Africa Recruitment Software Market, by Country, 2019-2029 (USD Million)

TABLE Middle East and Africa Recruitment Software Market, by Component, 2019-2029 (USD Million)

TABLE Middle East and Africa Recruitment Software Market, by Service Type, 2019-2029 (USD Million)

TABLE Middle East and Africa Recruitment Software Market, by Enterprise Size, 2019-2029 (USD Million)

List of Figures

FIGURE Recruitment Software Market segmentation

FIGURE Market research methodology

FIGURE Value chain analysis

FIGURE Porter’s Five Forces Analysis

FIGURE Market Attractiveness Analysis

FIGURE COVID-19 Impact Analysis

FIGURE Pre & Post COVID-19 Impact Comparison Study

FIGURE Competitive Landscape; Key company market share analysis, 2019

FIGURE Component segment market share analysis, 2019 & 2029

FIGURE Component segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Service Type segment market share analysis, 2019 & 2029

FIGURE Service Type segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Enterprise Size segment market share analysis, 2019 & 2029

FIGURE Enterprise Size segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Regional segment market share analysis, 2019 & 2029

FIGURE Regional segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE North America Recruitment Software Market share and leading players, 2019

FIGURE Europe Recruitment Software Market share and leading players, 2019

FIGURE Asia Pacific Recruitment Software Market share and leading players, 2019

FIGURE Latin America Recruitment Software Market share and leading players, 2019

FIGURE Middle East and Africa Recruitment Software Market share and leading players, 2019

FIGURE North America market share analysis by country, 2019

FIGURE U.S. Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Canada Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Europe Recruitment Software Market share analysis by country, 2019

FIGURE Germany Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Spain Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Italy Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE UK Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE France Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of the Europe Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Asia Pacific Recruitment Software Market share analysis by country, 2019

FIGURE India Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE China Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Japan Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE South Korea Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of APAC Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Latin America Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Latin America Recruitment Software Market share analysis by country, 2019

FIGURE Brazil Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Mexico Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Argentina Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of LATAM Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Middle East and Africa Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Middle East and Africa Recruitment Software Market share analysis by country, 2019

FIGURE Saudi Arabia Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE United Arab Emirates Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of Middle East & Africa Recruitment Software Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FAQs

The Recruitment Software Market accounted for 1.8 billion in 2020 and is estimated to be US$ 3.5 billion by 2029 and is anticipated to register a CAGR of 7.5%.

The Recruitment Software Market is segmented into component, service type, enterprise size, and region.

Growing reliance on technology for talent acquisition, emphasis on streamlined hiring processes, and the adoption of recruitment software for efficient candidate management drive the growth of the recruitment software market globally.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, Accenture Plc, ADP LLC, Ceridian HCM Inc., Cognizant Technology Solutions, Cornerstone OnDemand, iCIMS, Kenexa Corporation (IBM), Oracle, PeopleAdmin, SAP, SumTotal Systems Inc., and Zoho Corporation.