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Jan 28, 2021 (The Expresswire) —
The global recruitment software market is forecast to gain from an increasing shift to automated recruitment from manual recruitment management. Fortune Business Insights, recently published a report, titled “Recruitment Software Market Size, Share and Global Trend by Component (Solution, Services), Service Type (Retail, IT and Telecom, BFSI, Manufacturing, Healthcare, Education, Hospitality, Media and Entertainment), Enterprise Size (Small and Medium Enterprise, Large Enterprise), and Geography Forecast till 2025.” According to the report, the overall Recruitment Software Market is expected to grow from USD 1,753.2 Mn in 2017 to USD 3,095.8 Mn by 2025 at a CAGR of 7.4% during the forecast period.
The global recruitment software market size stood at US$ 1,753.2 Mn in 2017, is projected to reach US$ 3,095.8 Mn by the end of 2025, exhibiting a CAGR of 7.4%
To Gain More Insights into the Recruitment Software Market Analysis, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/recruitment-software-market-100081
The report also classifies the global recruitment software market in terms of various segments. As per the report, North America and South America together were leading the global recruitment software market in 2017. The regions cumulatively held 45% of the global market in 2017.
Report Highlights:
- A comprehensive overview of the Recruitment Software Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Recruitment Software Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
List of the organizations operating in the global recruitment software market are:
- Taleo Corporation (Oracle)
- SuccessFactors (SAP)
- ADP
- Accenture Plc
- Ceridian HCM Inc.
- Kenexa Corporation (IBM)
- Cognizant Technology Solutions
- Halogen Software Inc.
- PeopleAdmin
- SumTotal Systems Inc
“Kronos to Gain Higher Share in Global Market, Backed by its Product Development Policies”
Key players in the market are developing recruitment software with innovative features to gain a higher share in the market. For instance, Kronos Inc. launched an advanced version of the recruitment software integrated with Artificial Intelligence. Such developments are expected to fuel the demand for recruitment software.
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Furthermore, North America is anticipated to lead the solution segment during the forecast period 2018-2025, owing to the rapid growth of the service sector in the region. Besides this, Asia Pacific is expected to expand at the highest CAGR. The recruitment software market in North America is driven by rapid industrialization taking place in the region.
Moreover, an increasing number of start-ups focusing on phone application development is likely to fuel the demand in the global recruitment software market.
The report answers the following questions:
- What are the recent recruitment software market trends and developments?
- How will the market be affected by changing consumer behavior?
- Which strategies are being adopted by key players to enhance their market footprint?
- Which region will remain in the dominant position in terms of revenue?
- How many niche segments are present in the market?
“Demand Witnessed in IT and Telecom Segment Will Rise Impressively”
In terms of service, the IT and Telecom segment was leading the global recruitment software market in 2017, with a share of more than 20%. The segment is expected to witness impressive growth during the forecast period. The growth foreseen is attributed to the rising adoption of subscription recruitment software technology in the IT and Telecom and hospitality sector. Besides this, BFSI and hospitality sectors are expected to grow at a steady rate owing to the rising adoption of minimum deployment and cloud-based services. This is likely to fuel the demand in the global recruitment software market.
Some of the factors anticipated to drive the global recruitment software market during the forecast period are the increasing number of corporate offices and increasing job opportunities. Moreover, the need to streamline the recruiting process and enhance communication capabilities are expected to fuel the demand in the global market.
However, factors such as lack of skilled professionals and high cost associated with quality recruitment software can hamper the growth of the global recruitment software market.
Speak to our Analyst for any Queries about Recruitment Software Market Research Report –https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/recruitment-software-market-100081
Major Table of Contents:
-
Introduction
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
-
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
-
Key Insights
- Global Market Overview
- Macro and Micro Economic Indicators
- Emerging Market Trends
- Industry SWOT Analysis
-
Global Recruitment Software Market Analysis, Insights and Forecast, 2014-2025
- Definitions
- Key Findings / Summary
-
Market Analysis, Insights and Forecast By Component
- Solution
-
Services
- Consulting
- Maintenance and Operations
- Implementation and Integration
-
Market Analysis, Insights and Forecast By Service Type
- Retail
- IT and Telecom
- BFSI
- Manufacturing
- Healthcare
- Education
- Hospitality
- Media and Entertainment
- Others (Construction etc)
-
Market Analysis, Insights and Forecast By Enterprise Size
- Small and Medium Enterprise
- Large Enterprise
-
Market Analysis, Insights and Forecast By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
-
North America Recruitment Software Market Analysis, Insights and Forecast,2014-2025
- Key Findings / Summary
- Market Analysis, Insights and Forecast By Component
TOC Continued…….!
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About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact:
Name: Ashwin Arora
Email:sales@fortunebusinessinsights.com
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Recruitment Software Market Scenario by Key Companies, Future Trends, Pipeline Projects, Growth and Regional Forecasts to 2026
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