Companies in the Recruitment Software Market are Taleo Corporation (Oracle), Success Factors (SAP), Kronos, Accenture Plc, Kenexa Corporation (IBM)
According to a recent report published by Fortune Business Insights, titled, “Recruitment Software Market” Size, Share and COVID-19 Impact Analysis, by Component (Solution, Services), Service Type (Retail, IT & Telecom, BFSI, Manufacturing, Healthcare, Education, Hospitality, Media & Entertainment), Enterprise Size (Small & Medium Enterprise, Large Enterprise), and Regional Forecast 2018-2025” the global Recruitment Software Market Size was valued at USD 1,753.2 Million in 2021, and is projected to reach USD 3,095.8 Million by 2025, growing at a CAGR of 7.4% from 2018 to 2025.
INDUSTRY DEVELOPMENT:
February 2019: Kronos Incorporated announced the expansion of the Workforce Dimensions Technology Partner Network, by introducing new healthcare-focused software providers utilizing the revolutionary workforce dimensions solution and intelligent Kronos D5 platform, to reshape the future of work for healthcare providers and their employees.
The report on the Recruitment Software Market includes:
- Authoritative insights into the Recruitment Software Market Size
- Key industry trends
- Strategies adopted by major players
- Dominating regions
Key Benefits to Purchase Recruitment Software Market Report:
- Major countries in each region are mapped according to individual market revenue.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- The report includes an in-depth analysis of current research and clinical developments within the market.
Key players and their key developments in the recent years are listed.
Implementation of New Recruitment Tools and Software Upgrade to Boost Market
Recruitment software helps to maintain and track of confidential information of employees, such as their home address, financial accounts, social security number, and other related information. With advancements in technology, new features are introduced in HR recruitment software that allow integration of Facebook and LinkedIn, management of advertisement, candidate searching and candidate relationship management. These innovations will bode well for the HR software solutions in future.
Various factors are responsible for the growth of the global recruitment software market. One among them is the rising need for analytics metrics. This, coupled with the growth in geographically diverse talent acquisitions, is fueling demand for applicant tracking. Nowadays companies are focusing on enhancing candidate experience in order to stay among the top competitors in the market.
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.
Nevertheless, the rising need to automate the process of recruitment and increasing focus of various companies towards improving candidate experience are likely to bode well for the global recruitment software market. Furthermore, the increasing popularity of mobile recruitment, wherein social recruiting is done from career sites, mobile recruiting applications, and text messages, will also fuel demand for recruitment software in the market in future.
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