IMARC Group, a leading market research company, has recently released a report titled “Global Recruitment Software Market: Global ABS Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Global Recruitment Software Market size, analysis, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Global Recruitment Software Market?

The global recruitment software market size reached US$ 2.1 Billion in 2022. Looking forward, the market expected to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028, according to the new market research report by IMARC Group.

What is Recruiting software?
Recruiting software refers to the operating systems used by talent acquisition and hiring managers to improve the recruiting process and candidate flow. It is mainly adopted to advertise vacancies, process applications, schedule interviews, maintain a database of applicants, and collect feedback from applicants. Recruiting software is an amalgamation of applicant relationship management (CRM) systems, applicant tracking systems (ATS), and interviewing software. It can also perform background checks and pre-hire assessment, followed by orientation and integrated training of new employees, improving the effectiveness of hiring managers and the organization.

Impact of Covid-19:

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Recruitment Software Trends:

Rising penetration of cloud-based platforms and increasing adoption of mobile-based recruitment systems are driving the growth of the recruitment software market. Furthermore, the implementation of automated CV screening methods that use artificial intelligence (AI) to assess the level of skills and experience of the candidate is also increasing the market growth. This software also uses machine learning (ML) systems and optical trackers to identify market patterns and trends through analytical inputs and transactional activity. Many other factors such as growing need to replace traditional recruiting methods to minimize overhead, emergence of social recruiting trends and increasing number of start-ups are expected to fuel the global recruiting software market in coming years. .

Competitive Landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.

Accenture (NYSE:ACN)
ADP LLC,
Ceridian HCM Inc.,
Cognizant Technology Solutions,
Cornerstone on Demand,
iCIMS,
Kenexa Corporation (IBM),
Oracle,
PeopleAdmin,
SAP,
SumTotal Systems Inc.,
Zoho Corporation, etc.
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The report has segmented the market on the basis of deployment model, component, company size, vertical, and region.

By Deployment Model:

On-premises
SaaS Based
By component:

SoftwareContact Management
Resume Management
Mobile Recruitment
Reporting and Analytics
Workflow Management
Others
ServicesProfessional
Managed
By Company Size:

Small and medium enterprises
Large companies
By vertical:

Manufacturing
Health care
Hospitality
BFSI
Education
Others
By Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa
About Us

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