Global Recruitment Software Market 2022-2026

The publisher has been monitoring the recruitment software market and it is poised to grow by $704.26 mn during 2022-2026, accelerating at a CAGR of 5.65% during the forecast period. The report on the recruitment software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by enhanced communication capabilities and productivity of recruiters, the use of social media with recruitment software to reach potential candidates, and an increase in the number of mobile-based recruitment apps.

The recruitment software market analysis includes the deployment segment and geographic landscape.

The recruitment software market is segmented as below:

By Deployment

On-premises
SaaS-based

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the rise in mergers and acquisitions as one of the prime reasons driving the recruitment software market growth during the next few years. Also, the use of artificial intelligence (AI) in recruiting and the use of analytics in the recruitment process will lead to sizable demand in the market.

The report on recruitment software market covers the following areas:

Recruitment software market sizing
Recruitment software market forecast
Recruitment software market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading recruitment software market vendors that include Accenture Plc, Bullhorn Inc., Ceridian HCM Holding Inc., Cognizant Technology Solutions Corp., Cornerstone OnDemand Inc., Greenhouse Software Inc., HireRight Holdings Corp., HireVue Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Lever Inc., Microsoft Corp., Oracle Corp., PowerSchool Holdings Inc., SAP SE, SmartRecruiters Inc., Sterling Infosystems Inc., Workday Inc., and Zoho Corp. Pvt. Ltd. Also, the recruitment software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments
Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
5.2 Comparison by Deployment
Exhibit 26: Chart on Comparison by Deployment
Exhibit 27: Data Table on Comparison by Deployment
5.3 On-premises - Market size and forecast 2021-2026
Exhibit 28: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on On-premises - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on On-premises - Year-over-year growth 2021-2026 (%)
5.4 SaaS-based - Market size and forecast 2021-2026
Exhibit 32: Chart on SaaS-based - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on SaaS-based - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on SaaS-based - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on SaaS-based - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Deployment
Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 Australia - Market size and forecast 2021-2026
Exhibit 66: Chart on Australia - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Australia - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Australia - Year-over-year growth 2021-2026 (%)
7.10 UK - Market size and forecast 2021-2026
Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.11 Germany - Market size and forecast 2021-2026
Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.12 France - Market size and forecast 2021-2026
Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Accenture Plc
Exhibit 89: Accenture Plc - Overview
Exhibit 90: Accenture Plc - Business segments
Exhibit 91: Accenture Plc - Key news
Exhibit 92: Accenture Plc - Key offerings
Exhibit 93: Accenture Plc - Segment focus
10.4 Cognizant Technology Solutions Corp.
Exhibit 94: Cognizant Technology Solutions Corp. - Overview
Exhibit 95: Cognizant Technology Solutions Corp. - Business segments
Exhibit 96: Cognizant Technology Solutions Corp. - Key news
Exhibit 97: Cognizant Technology Solutions Corp. - Key offerings
Exhibit 98: Cognizant Technology Solutions Corp. - Segment focus
10.5 Cornerstone OnDemand Inc.
Exhibit 99: Cornerstone OnDemand Inc. - Overview
Exhibit 100: Cornerstone OnDemand Inc. - Product/Service
Exhibit 101: Cornerstone OnDemand Inc. - Key news
Exhibit 102: Cornerstone OnDemand Inc. - Key offerings
10.6 iCIMS Inc.
Exhibit 103: iCIMS Inc. - Overview
Exhibit 104: iCIMS Inc. - Product/Service
Exhibit 105: iCIMS Inc. - Key offerings
10.7 International Business Machines Corp.
Exhibit 106: International Business Machines Corp. - Overview
Exhibit 107: International Business Machines Corp. - Business segments
Exhibit 108: International Business Machines Corp. - Key offerings
Exhibit 109: International Business Machines Corp. - Segment focus
10.8 Jobvite Inc.
Exhibit 110: Jobvite Inc. - Overview
Exhibit 111: Jobvite Inc. - Product/Service
Exhibit 112: Jobvite Inc. - Key offerings
10.9 Microsoft Corp.
Exhibit 113: Microsoft Corp. - Overview
Exhibit 114: Microsoft Corp. - Business segments
Exhibit 115: Microsoft Corp. - Key news
Exhibit 116: Microsoft Corp. - Key offerings
Exhibit 117: Microsoft Corp. - Segment focus
10.10 Oracle Corp.
Exhibit 118: Oracle Corp. - Overview
Exhibit 119: Oracle Corp. - Business segments
Exhibit 120: Oracle Corp. - Key news
Exhibit 121: Oracle Corp. - Key offerings
Exhibit 122: Oracle Corp. - Segment focus
10.11 SAP SE
Exhibit 123: SAP SE - Overview
Exhibit 124: SAP SE - Business segments
Exhibit 125: SAP SE - Key news
Exhibit 126: SAP SE - Key offerings
Exhibit 127: SAP SE - Segment focus
10.12 Zoho Corp. Pvt. Ltd.
Exhibit 128: Zoho Corp. Pvt. Ltd. - Overview
Exhibit 129: Zoho Corp. Pvt. Ltd. - Product/Service
Exhibit 130: Zoho Corp. Pvt. Ltd. - Key offerings

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 131: Inclusions checklist
Exhibit 132: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 133: Currency conversion rates for US$
11.4 Research methodology
Exhibit 134: Research methodology
Exhibit 135: Validation techniques employed for market sizing
Exhibit 136: Information sources
11.5 List of abbreviations
Exhibit 137: List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Deployment
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Deployment - Market share 2021-2026 (%)
Exhibits 25: Data Table on Deployment - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Deployment
Exhibits 27: Data Table on Comparison by Deployment
Exhibits 28: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on On-premises - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on On-premises - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on SaaS-based - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on SaaS-based - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on SaaS-based - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on SaaS-based - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Deployment ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on Australia - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on Australia - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on Australia - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on France - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity By Geographical Landscape ($ million)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: Accenture Plc - Overview
Exhibits 90: Accenture Plc - Business segments
Exhibits 91: Accenture Plc - Key news
Exhibits 92: Accenture Plc - Key offerings
Exhibits 93: Accenture Plc - Segment focus
Exhibits 94: Cognizant Technology Solutions Corp. - Overview
Exhibits 95: Cognizant Technology Solutions Corp. - Business segments
Exhibits 96: Cognizant Technology Solutions Corp. - Key news
Exhibits 97: Cognizant Technology Solutions Corp. - Key offerings
Exhibits 98: Cognizant Technology Solutions Corp. - Segment focus
Exhibits 99: Cornerstone OnDemand Inc. - Overview
Exhibits 100: Cornerstone OnDemand Inc. - Product/Service
Exhibits 101: Cornerstone OnDemand Inc. - Key news
Exhibits 102: Cornerstone OnDemand Inc. - Key offerings
Exhibits 103: iCIMS Inc. - Overview
Exhibits 104: iCIMS Inc. - Product/Service
Exhibits 105: iCIMS Inc. - Key offerings
Exhibits 106: International Business Machines Corp. - Overview
Exhibits 107: International Business Machines Corp. - Business segments
Exhibits 108: International Business Machines Corp. - Key offerings
Exhibits 109: International Business Machines Corp. - Segment focus
Exhibits 110: Jobvite Inc. - Overview
Exhibits 111: Jobvite Inc. - Product/Service
Exhibits 112: Jobvite Inc. - Key offerings
Exhibits 113: Microsoft Corp. - Overview
Exhibits 114: Microsoft Corp. - Business segments
Exhibits 115: Microsoft Corp. - Key news
Exhibits 116: Microsoft Corp. - Key offerings
Exhibits 117: Microsoft Corp. - Segment focus
Exhibits 118: Oracle Corp. - Overview
Exhibits 119: Oracle Corp. - Business segments
Exhibits 120: Oracle Corp. - Key news
Exhibits 121: Oracle Corp. - Key offerings
Exhibits 122: Oracle Corp. - Segment focus
Exhibits 123: SAP SE - Overview
Exhibits 124: SAP SE - Business segments
Exhibits 125: SAP SE - Key news
Exhibits 126: SAP SE - Key offerings
Exhibits 127: SAP SE - Segment focus
Exhibits 128: Zoho Corp. Pvt. Ltd. - Overview
Exhibits 129: Zoho Corp. Pvt. Ltd. - Product/Service
Exhibits 130: Zoho Corp. Pvt. Ltd. - Key offerings
Exhibits 131: Inclusions checklist
Exhibits 132: Exclusions checklist
Exhibits 133: Currency conversion rates for US$
Exhibits 134: Research methodology
Exhibits 135: Validation techniques employed for market sizing
Exhibits 136: Information sources
Exhibits 137: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global recruitment software market: Accenture Plc, Bullhorn Inc., Ceridian HCM Holding Inc., Cognizant Technology Solutions Corp., Cornerstone OnDemand Inc., Greenhouse Software Inc., HireRight Holdings Corp., HireVue Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Lever Inc., Microsoft Corp., Oracle Corp., PowerSchool Holdings Inc., SAP SE, SmartRecruiters Inc., Sterling Infosystems Inc., Workday Inc., and Zoho Corp. Pvt. Ltd.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is the rise in mergers and acquisitions."

According to the report, one of the major drivers for this market is the enhanced communication capabilities and productivity of recruiters.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.