Market Overview:
The global recruiting software market is expected to grow from USD 2.02 Billion in 2018 to USD 4.06 Billion by 2030, at a CAGR of 10.8% during the forecast period. The growth of the global recruiting software market can be attributed to the increasing demand for cloud-based and on-premises recruiting software solutions among small businesses, midsize enterprises, and large enterprises. Moreover, the growing trend of using social media platforms for recruitment is also fueling the growth of the global recruiting software market.
Product Definition:
Recruiting software is used to manage the recruiting process for a company. It can be used to track applicants, schedule interviews, and keep track of hiring decisions. The importance of recruiting software is that it can help a company efficiently manage the recruitment process and find the best candidates for available positions.
Cloud-based:
Cloud-based software is a type of software service that provides functionality to third parties through the internet. It's an umbrella term used for describing any platform or application that allows users to store data on remote servers and access it using a web browser. Cloud-based applications are accessed remotely through the internet, thus making them easier to use and increasing their adoption rate across various industries.
On-premises:
On-premises is a term used for software and hardware that is installed and operated from the original source. In other words, it's an installation of the software or hardware product directly on to the end user's computer system. It may also be referred to as a shrinkwrap license, which refers to a type of licensing in which the end user cannot remove or change parts of the program (in contrast with a shrink ray where only specific areas can be removed).
Application Insights:
The large enterprise segment dominated the global market in 2017. The large enterprises are presumed to be the key adopters of these software solutions as they need a robust and efficient tool for managing their workforce. Recruiting software helps in efficiently managing both internal and external candidate profiles, screening candidates, and tracking applications. Large enterprises usually have a separate team dedicated for sourcing and recruitment activities, which further intensifies the demand for such software within this segment.
The other application category includes small business, midsize enterprise (small to medium-sized businesses) as well as microenterprises (those with fewer than 100 employees). These types of organizations lack resources; therefore they opt for online tools that can help them source candidates from social media platforms easily without having to invest time on research or profile building process themselves.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of Recruiting Software as a Service (RSAS) vendors, such as Glassdoor, which caters to both small and large enterprises. These companies offer cloud-based RSAS solutions that enable users to manage their recruitment processes from application process through hiring with no need for an IT department. Moreover, these companies also provide career site design services for employers who are looking for candidates based on various criteria such as skillset required by employer or job role requirement etc., thereby making it easier for employers across industries and organizations in North America to find suitable candidates quickly and easily through online channels.
Growth Factors:
- Increased demand for skilled professionals due to the growth of the economy and technological advancements.
- The increased use of social media and online job portals for recruitment by organizations of all sizes.
- The globalization of businesses, which has led to an increase in the number of expatriates and contract workers, who need assistance with finding jobs abroad or in their home country.
- Rapid changes in technology that have led to new job roles (such as data scientists) and a renewed focus on employee retention strategies by organizations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Recruiting Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small Business, Midsize Enterprise, Large Enterprise, Other
By Companies
Workable Software, Zoho, BambooHR, Ultimate Software, Vincere, Lever, CATS Software, Workday, iSmartRecruit, ATS OnDemand
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Recruiting Software Market Report Segments:
The global Recruiting Software market is segmented on the basis of:
Types
Cloud-based, On-premises
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 Business, Midsize Enterprise, Large Enterprise, Other
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:
- Workable Software
- Zoho
- BambooHR
- Ultimate Software
- Vincere
- Lever
- CATS Software
- Workday
- iSmartRecruit
- ATS OnDemand
Highlights of The Recruiting 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:
- Cloud-based
- On-premises
- By Application:
- Small Business
- Midsize Enterprise
- Large Enterprise
- Other
- 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 Recruiting 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Recruiting software is a computer program that helps businesses find and interview job candidates.
Some of the major companies in the recruiting software market are Workable Software, Zoho, BambooHR, Ultimate Software, Vincere, Lever, CATS Software, Workday, iSmartRecruit, ATS OnDemand.
The recruiting 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 Recruiting 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 Recruiting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Recruiting 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 Recruiting 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 Recruiting Software Market Size & Forecast, 2020-2028
4.5.1 Recruiting Software Market Size and Y-o-Y Growth
4.5.2 Recruiting 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 Cloud-based
5.2.2 On-premises
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 Business
6.2.2 Midsize Enterprise
6.2.3 Large Enterprise
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recruiting 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 Recruiting 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 Cloud-based
9.6.2 On-premises
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 Business
9.10.2 Midsize Enterprise
9.10.3 Large Enterprise
9.10.4 Other
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 Cloud-based
10.6.2 On-premises
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 Business
10.10.2 Midsize Enterprise
10.10.3 Large Enterprise
10.10.4 Other
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 Cloud-based
11.6.2 On-premises
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 Business
11.10.2 Midsize Enterprise
11.10.3 Large Enterprise
11.10.4 Other
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 Cloud-based
12.6.2 On-premises
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 Business
12.10.2 Midsize Enterprise
12.10.3 Large Enterprise
12.10.4 Other
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 Cloud-based
13.6.2 On-premises
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 Business
13.10.2 Midsize Enterprise
13.10.3 Large Enterprise
13.10.4 Other
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 Recruiting Software Market: Competitive Dashboard
14.2 Global Recruiting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Workable Software
14.3.2 Zoho
14.3.3 BambooHR
14.3.4 Ultimate Software
14.3.5 Vincere
14.3.6 Lever
14.3.7 CATS Software
14.3.8 Workday
14.3.9 iSmartRecruit
14.3.10 ATS OnDemand
