Market Overview:
The global hiring software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of hiring software by small and medium-sized enterprises (SMEs) and large enterprises across the globe. Additionally, the growing demand for cloud-based and web-based hiring software is also contributing to the growth of this market. However, lack of awareness about these software among potential users is restraining the growth of this market to some extent. On basis on type, web-based hiring software held a major share in 2017 and it is expected that it will continue its dominance during forecast period as well owing to its low cost and easy accessibility features.
Product Definition:
Hiring software is a program that helps businesses track and manage the hiring process. It can automate many of the tasks involved in recruiting new employees, such as posting jobs, screening resumes, and conducting interviews. The importance of hiring software lies in its ability to streamline the recruitment process, making it more efficient and accurate. This can save businesses time and money while also helping them find the best candidates for the job.
Web-based:
The web-based software is used to automate the entire hiring process and includes processes such as candidate registration, application processing, screening & shortlisting of candidates, conducting interviews and selecting a suitable candidate. The growth factor for this segment can be attributed to factors such as ease of use in any location with internet connectivity.
It reduces the time required for performing various HR functions which include employee record maintenance & updating, payroll processing among others.
Cloud-based:
Cloud-based software is a type of software service that provides solutions to many business processes. It helps in storing data on the server and allows access to it through various devices such as laptops, smartphones, and desktop computers. The solution is provided by the vendor via a subscription basis either on an as-needed or subscription basis depending upon the user’s requirements.
Application Insights:
The large enterprises segment dominated the global hiring software market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to factors such as an increase in the number of candidates seeking employment and rapid growth in a company's workforce. Large enterprises are likely to adopt innovative technologies that would help them manage their workforce effectively and reduce costs associated with human resources management. For instance, companies are increasingly using chatbot-based applications to post jobs quickly and easily reach out to a large pool of candidates at one time without having to fill up forms or contact people directly.
The SMEs' segment is expected register significant growth over the forecast period owing to increasing penetration of smartphones coupled with rising disposable income among emerging middle-class population across developing economies including China, India, Brazil etc.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to factors such as increasing number of small and medium-sized enterprises, high adoption of cloud technology, and growing demand for digital services. Moreover, presence of a large number of IT companies that offer various hiring solutions will drive the regional market growth.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to increasing awareness about latest technologies among employers and employees in countries like India and China.
Europe has been witnessing steady growth in recent years with respect bothto employment management software vendors as well as end users across numerous industries including BFSI & Hospitality (restaurants), telecom & ITES (call centers), healthcare/medical practices among others).
Growth Factors:
- Increased demand for skilled professionals in the market is expected to drive the hiring software market growth.
- The advent of cloud-based solutions is anticipated to fuel the growth of this market in the near future.
- Rising adoption of social media for recruitment is another key factor that would contribute to the expansion of this market in years to come.
- Increasing number of start-ups and small businesses are projected to create lucrative opportunities for players operating in this space over the next few years. 5) Growing popularity of Applicant Tracking Systems (ATS) among enterprises worldwide is likely to boost demand for hiring software products and services over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Hiring Software Market Research Report
By Type
Web-based, Cloud-based, Others
By Application
Small and Medium-Sized Enterprises, Large Enterprises
By Companies
ICIMS, Oracle, JobDiva, Hyrell, Jobvite, Workable Software, ClearCompany, Sage, BambooHR, IBM (Kenexa), FinancialForce, Bullhorn, SAP SuccessFactors, Cornerstone, SilkRoad, ExactHire, Lumesse, Carerix, Zoho Corporation, Symphony Talent, Yello, Workday, JobAdder, Greenhouse Software, Breezy HR, ISmartRecruit
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Hiring Software Market Report Segments:
The global Hiring Software market is segmented on the basis of:
Types
Web-based, Cloud-based, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium-Sized Enterprises, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ICIMS
- Oracle
- JobDiva
- Hyrell
- Jobvite
- Workable Software
- ClearCompany
- Sage
- BambooHR
- IBM (Kenexa)
- FinancialForce
- Bullhorn
- SAP SuccessFactors
- Cornerstone
- SilkRoad
- ExactHire
- Lumesse
- Carerix
- Zoho Corporation
- Symphony Talent
- Yello
- Workday
- JobAdder
- Greenhouse Software
- Breezy HR
- ISmartRecruit
Highlights of The Hiring Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Web-based
- Cloud-based
- Others
- By Application:
- Small and Medium-Sized Enterprises
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hiring Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hiring software is a computer program that helps businesses find, screen, and interview potential employees.
Some of the key players operating in the hiring software market are ICIMS, Oracle, JobDiva, Hyrell, Jobvite, Workable Software, ClearCompany, Sage, BambooHR, IBM (Kenexa), FinancialForce, Bullhorn, SAP SuccessFactors, Cornerstone, SilkRoad, ExactHire, Lumesse, Carerix, Zoho Corporation, Symphony Talent, Yello, Workday, JobAdder, Greenhouse Software, Breezy HR, ISmartRecruit.
The hiring software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hiring Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hiring Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hiring Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hiring Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hiring Software Market Size & Forecast, 2020-2028
4.5.1 Hiring Software Market Size and Y-o-Y Growth
4.5.2 Hiring Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Web-based
5.2.2 Cloud-based
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Small and Medium-Sized Enterprises
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hiring Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hiring Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Web-based
9.6.2 Cloud-based
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Small and Medium-Sized Enterprises
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Web-based
10.6.2 Cloud-based
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Small and Medium-Sized Enterprises
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Web-based
11.6.2 Cloud-based
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Small and Medium-Sized Enterprises
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Web-based
12.6.2 Cloud-based
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Small and Medium-Sized Enterprises
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Web-based
13.6.2 Cloud-based
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Small and Medium-Sized Enterprises
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hiring Software Market: Competitive Dashboard
14.2 Global Hiring Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ICIMS
14.3.2 Oracle
14.3.3 JobDiva
14.3.4 Hyrell
14.3.5 Jobvite
14.3.6 Workable Software
14.3.7 ClearCompany
14.3.8 Sage
14.3.9 BambooHR
14.3.10 IBM (Kenexa)
14.3.11 FinancialForce
14.3.12 Bullhorn
14.3.13 SAP SuccessFactors
14.3.14 Cornerstone
14.3.15 SilkRoad
14.3.16 ExactHire
14.3.17 Lumesse
14.3.18 Carerix
14.3.19 Zoho Corporation
14.3.20 Symphony Talent
14.3.21 Yello
14.3.22 Workday
14.3.23 JobAdder
14.3.24 Greenhouse Software
14.3.25 Breezy HR
14.3.26 ISmartRecruit
