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Recruitment Software - Global Market Trajectory & Analytics

  • ID: 4721441
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ADP LLC
  • Colleague Software Ltd.
  • IBM Corp.
  • Jobvite Inc.
  • Newton Software Inc.
  • Saba Software Inc.
  • MORE
Global Recruitment Software Market to Reach $3 Billion by 2027

Amid the COVID-19 crisis, the global market for Recruitment Software estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 6.2% over the period 2020-2027. Services, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solution segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $529.8 Million, While China is Forecast to Grow at 9.8% CAGR

The Recruitment Software market in the U.S. is estimated at US$529.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$641.6 Million by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 163 Featured):
  • ADP LLC
  • Bullhorn Inc.
  • CareerBuilder LLC
  • Colleague Software Ltd.
  • Cornerstone OnDemand Inc.
  • Greenhouse Software Inc.
  • IBM Corp.
  • iCIMS Inc.
  • JazzHR
  • Jobvite Inc.
  • Lumesse
  • Microdec Plc
  • Newton Software Inc.
  • Oracle Corporation
  • PeopleFluent
  • Saba Software Inc.
  • SAP SuccessFactors
  • SumTotal Systems LLC
  • Swiftpro Limited
  • Talentsoft
  • Ultimate Software Group Inc.
  • Workday Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ADP LLC
  • Colleague Software Ltd.
  • IBM Corp.
  • Jobvite Inc.
  • Newton Software Inc.
  • Saba Software Inc.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Human Resource Management (HRM): An Introductory Prelude
  • Core Areas & Functions within the HRM/HCM Landscape: A Snapshot
  • Recent Market Activity
  • Recruitment: A Primary HRM Function
  • Recruitment Software for End-to-End Recruitment Needs of Modern Enterprises
  • Inefficiencies of Conventional Hiring Methods Build Momentum for Recruitment Software
  • Key Benefits Offered Drive Wider Adoption
  • Time-To-Fill Benefits
  • Unmatched Process Efficiency
  • Reduced Costs
  • Steady Growth Projected over the Coming Years
  • Developed Regions: Key Revenue Contributors
  • Fast Paced Growth Projected in Asia-Pacific & Developing Regions
  • Market Prospects Remain Favorable Amid STable Economy Forecasts
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ADP, LLC (USA)
  • Bullhorn, Inc. (USA)
  • CareerBuilder LLC (USA)
  • Colleague Software Ltd. (UK)
  • Cornerstone OnDemand, Inc. (USA)
  • Erecruit (USA)
  • Greenhouse Software, Inc. (USA)
  • Haufe Group (Germany)
  • IBM (USA)
  • iCIMS, Inc. (USA)
  • ITS Software Systems Ltd. (UK)
  • JazzHR (USA)
  • Jobvite, Inc. (USA)
  • Main Sequence Technology, Inc. (USA)
  • Microdec Plc (UK)
  • Newton Software, Inc. (USA)
  • Oracle Corporation (USA)
  • PeopleFluent (USA)
  • Saba Software, Inc. (USA)
  • Lumesse (UK)
  • SAP SuccessFactors (USA)
  • SumTotal Systems, LLC (USA)
  • Swiftpro Limited (UK)
  • Talentsoft (France)
  • Ultimate Software Group, Inc. (USA)
  • Workday, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Cloud-based SaaS Model Fuels Stellar Growth
  • Cloud Services Delivery Model
  • SMBs Emerge as Primary Consumers of Cloud Recruitment Tools
  • On-Premise Software to Witness Steady Drop in Demand
  • Large Enterprises & MNCs Remain the Stronghold for On-Premise Software
  • Ongoing Changes in Organizational Structure Build a Robust Business Case for Recruitment Software
  • Waning Image of E-mail in Enterprise Communication Bodes Well
  • Mobile-Compatibility: The Ongoing Trend
  • Uptrend in Enterprise Mobility Instigates Demand for Mobile-Friendly Recruitment Technologies
  • BYOD Funnels Momentum in Enterprise Mobility
  • Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
  • Select Mobile Apps Used in BYOD Environments
  • Recruitment Technologies Integrate Social Media Compatibility amid Growing Trend of Social Recruiting
  • Recruitment Software Helps Enterprises Leverage Big Data HR
  • Sustained Thrust towards Talent Acquisition Creates Conducive Environment
  • Unmatched Proficiency in Applicant Tracking Generates Substantial Opportunities
  • Recruitment Software Enables Recruitment CRM for Candidate Relationship
  • Candidate Sourcing Effectiveness with Recruitment Software
  • Interview Scheduling Made Easier
  • Improved Onboarding of New Hires
  • Reporting & Analytics for Quality Insights
  • Employer Branding: The Emerging Application
  • Trend towards HR Automation Drives HR IT Investments
  • Shift from ERP Platforms to Pure-Play Recruitment Technologies Builds Robust Momentum
  • Widespread Adoption of e-Recruitment Generates Parallel Opportunities
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 163
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ADP LLC
  • Bullhorn Inc.
  • CareerBuilder LLC
  • Colleague Software Ltd.
  • Cornerstone OnDemand Inc.
  • Greenhouse Software Inc.
  • IBM Corp.
  • iCIMS Inc.
  • JazzHR
  • Jobvite Inc.
  • Lumesse
  • Microdec Plc
  • Newton Software Inc.
  • Oracle Corporation
  • PeopleFluent
  • Saba Software Inc.
  • SAP SuccessFactors
  • SumTotal Systems LLC
  • Swiftpro Limited
  • Talentsoft
  • Ultimate Software Group Inc.
  • Workday Inc.
Note: Product cover images may vary from those shown
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