Recruitment Software Market 2021 Overview, Industry Trends, Share, Size, Growth & Forecast – EcoChunk
According to the latest report of the IMARC group, entitled “Recruitment Software Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026“, the global recruiting software market size reached US $ 2.26 billion in 2020. Going forward, the market expects to grow at a CAGR of around 6% during 2021-2026 .
Recruiting software refers to the operating systems used by talent acquisition and hiring managers to improve the hiring process and the flow of candidates. It is mainly adopted for posting vacancies, processing applications, scheduling interviews, maintaining a database of applicants and collecting feedback from applicants. Recruiting software is an amalgamation of candidate relationship management (CRM) systems, candidate tracking systems (ATS) and interview software. It can also perform pre-hire background checks and assessment, followed by on-board orientation and training for new employees, improving the efficiency of hiring and organizational managers.
Get a PDF sample for more detailed market information: https://www.imarcgroup.com/recruitment-software-market/requestsample
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
The growing penetration of cloud-based platforms and the growing adoption of mobile recruiting systems are driving the growth of the recruiting software market. In addition, the implementation of automated methods of selection of resumes that use artificial intelligence (AI) to assess the level of skills and experience also increases market growth. This software also uses machine learning (ML) systems and optical trackers to identify market patterns and trends through analytical inputs and transactional activities. Many other factors, such as the growing need to replace traditional recruiting methods to minimize overhead costs, the emergence of social recruiting trends and the growing number of start-ups, are expected to fuel the global recruiting software market in coming years. .
Global Recruitment Software Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
- Accenture Plc,
- ADP SARL,
- Ceridian HCM inc.,
- Conscious technological solutions,
- Cornerstone on request,
- Kenexa Corporation (IBM),
- SumTotal Systems Inc.,
- Zoho Corporation, etc.
For more information on this report, visit: https://www.imarcgroup.com/recruitment-software-market
The report has segmented the market on the basis of deployment model, component, company size, vertical, and region.
Breakdown by deployment model:
Breakdown by component:
Breakdown by company size:
- Small and medium enterprises
- Large companies
Distribution by vertical:
- Health care
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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