Product Code: r12042
“Recruitment Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on recruitment software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for recruitment software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The recruitment software market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Component: Software; Services
- 2) By Organization Size: SMEs (Small and Medium-sized Enterprises); Large Enterprises
- 3) By End-User: Retail; IT and Telecom; BFSI (Banking, Financial Services, and Insurance); Manufacturing; Healthcare; Other Commercial
- Subsegment: Contact Management; Resume Management; Mobile Recruitment; Reporting and Analytics; Workflow Management; Other Software
- Companies Mentioned: Oracle Corporation; SAP SE; SumTotal Systems; Automatic Data Processing Inc.; Workday Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Recruitment software is a specialized technology designed to streamline and automate various aspects of the hiring process. It plays a crucial role in simplifying tasks such as posting job advertisements, managing resumes, and scheduling interviews.
The primary components of recruitment software include both software and associated services. Software refers to a set of programs, instructions, and data that instruct a computer or electronic device on its functions. The key features of recruitment software encompass contact management, resume management, mobile recruitment capabilities, reporting and analytics tools, workflow management, and other functionalities tailored to meet the needs of both small and medium-sized enterprises (SMEs) and large enterprises. The end-users of recruitment software span various industries, including retail, IT and telecom, BFSI (Banking, Financial Services, and Insurance), manufacturing, healthcare, and others.
The recruitment software market research report is one of a series of new reports from The Business Research Company that provides recruitment software market statistics, including recruitment software industry global market size, regional shares, competitors with a recruitment software market share, detailed recruitment software market segments, market trends and opportunities, and any further data you may need to thrive in the recruitment software industry. This recruitment software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The recruitment software market size has grown strongly in recent years. It will grow from $2.27 billion in 2023 to $2.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historic period can be attributed to several factors. These include the increase in minimally invasive surgeries, the prevalence of chronic diseases, a preference for high-quality imaging techniques, heightened awareness and education regarding medical conditions, reimbursement policies supporting medical procedures, and ongoing developments in hospital infrastructure. These combined factors have played a significant role in shaping the growth trajectory during the specified historical period.
The recruitment software market size is expected to see strong growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to several key factors. These include a shift towards ambulatory surgical centers, the increasing geriatric population, a rise in surgical volume, a heightened focus on infection control measures, and the utilization of specialized application-specific endoscopes. Major trends expected in the forecast period encompass advancements in imaging technologies, continuous product innovation, the integration of artificial intelligence in medical procedures, the development of hybrid rigid-flexible endoscopes, and the increasing adoption of telemedicine and remote consultations. These trends collectively contribute to the projected growth and evolution of the healthcare and endoscopy industry in the coming years.
The growth in the recruitment software market is expected to be propelled by the increasing demand for cloud-based systems. Cloud-based systems, often referred to as Software-as-a-Service (SaaS) or cloud computing, involve hosting and accessing software applications, services, or resources over the Internet instead of locally on individual computers or servers. These systems offer various advantages, including accessibility, scalability, cost-effectiveness, security, and seamless integration with other cloud-based tools and software. The adoption of cloud computing witnessed a significant increase, with businesses leveraging it for operations. Eurostat reported that major organizations experienced a 7% rise in cloud computing usage, reaching 72% adoption in 2021 compared to 65% in 2020. Medium-sized businesses also increased their adoption from 46% in 2020 to 53% in 2021. The surge in demand for cloud-based systems is a key driver of growth in the recruitment software market.
The shift towards remote and flexible work is expected to further contribute to the growth of the recruitment software market. Remote and flexible work arrangements allow employees to perform their job duties outside the traditional office setting, with the freedom to choose when and where they work. Recruitment software plays a crucial role in facilitating seamless hiring processes, enabling employers to identify, evaluate, and onboard candidates regardless of their geographical location. According to a study published by AT&T in February 2022, the adoption of a hybrid model of work, where employees split their time between remote work and working from the office, is projected to increase from 42% in 2021 to 81% in 2024. The growing trend towards remote and flexible work is driving the adoption of recruitment software solutions.
Product innovations are emerging as a key trend gaining popularity in the recruitment software market. Companies operating in this market are actively introducing new and advanced products to maintain their competitive edge. For example, in March 2023, Ceipal, a New York-based recruiting and talent acquisition software company, unveiled an advanced and extensive toolset designed to automate the entire talent acquisition lifecycle. Ceipal's comprehensive automation capabilities, encompassing essential Applicant Tracking System (ATS) features, AI for recruiting, text recruiting, business intelligence and reporting, advanced CRM tools, and more, are packaged into a single, cost-effective solution. This offering includes benefits such as reports automation, managed harvesting, AI matching and ranking, marketing CRM, workforce management, and other related features.
Major players in the recruitment software market are focusing on developing revolutionary systems such as Applicant Tracking Systems (ATS) to maximize their market share. An ATS is software designed to automate the hiring and recruitment process by managing the collection, organization, and storage of job applications and candidate information. In March 2023, Paradox, a US-based software company, launched its Conversational ATS, aiming to revolutionize high-volume hiring through chat- and text-driven automation. This innovative ATS automates over 90% of the hiring process, particularly catering to frontline workers and hiring managers. The product emphasizes delivering an exceptional candidate and hiring manager experience by automating tasks such as screening, interview scheduling, reminders, and onboarding. Its goal is to significantly reduce time-to-hire and enhance the overall candidate experience.
In July 2021, XCD, a UK-based cloud-based HR and Payroll software provider, acquired Hireserve for an undisclosed amount. This strategic acquisition is part of XCD's efforts to enhance capacity and offerings for both new and existing clients. Hireserve, a UK-based recruitment software company, contributes to the expansion of XCD's capabilities in the HR software space.
Major companies operating in the recruitment software market report are Oracle Corporation, SAP SE, SumTotal Systems, Automatic Data Processing Inc., Workday Inc., Ceridian HCM, Cornerstone OnDemand Inc., Accenture plc, Talentsoft SA, Intelligent Candidate Information Management System Inc., Jobvite Inc., Zoho Corporation, Cognizant Technology Solutions, Microdec plc, BullHorn Inc., 3A Composites, WittKieffer Inc., Avature Ltd., SuccessFactors Inc., Cegid Group SA, IBM Corporation, The Sage Group plc, PeopleStreme Human Capital Managemnet, BambooHR LLC, Ceipal Corp., Oorwin Labs Inc., Avionte Staffing Software, JobAdder Operations Pty. Ltd., Microsoft Corporation, Alphabet Inc.
North America was the largest region in the recruitment software market in 2023. The regions covered in the recruitment software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the recruitment software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The recruitment software market includes revenues earned by entities by sales of software and related services that are designed to help streamline and automate the hiring process, applicant tracking, resume parsing, job posting and distribution, candidate sourcing, interview scheduling, and candidate relationship management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Recruitment Software Market Characteristics
3. Recruitment Software Market Trends And Strategies
4. Recruitment Software Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On the Market
- 4.2. Ukraine-Russia War Impact On the Market
- 4.3. COVID-19 Impact On the Market
5. Global Recruitment Software Market Size and Growth
- 5.1. Global Recruitment Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Recruitment Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Recruitment Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Recruitment Software Market Segmentation
- 6.1. Global Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Software
- Services
- 6.2. Global Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- SMEs (Small and Medium-sized Enterprises)
- Large Enterprises
- 6.3. Global Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Retail
- IT and Telecom
- BFSI (Banking, Financial Services, and Insurance)
- Manufacturing
- Healthcare
- Other Commercial
7. Recruitment Software Market Regional And Country Analysis
- 7.1. Global Recruitment Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Recruitment Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Recruitment Software Market
- 8.1. Asia-Pacific Recruitment Software Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Recruitment Software Market
- 9.1. China Recruitment Software Market Overview
- 9.2. China Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Recruitment Software Market
- 10.1. India Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Recruitment Software Market
- 11.1. Japan Recruitment Software Market Overview
- 11.2. Japan Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Recruitment Software Market
- 12.1. Australia Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Recruitment Software Market
- 13.1. Indonesia Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Recruitment Software Market
- 14.1. South Korea Recruitment Software Market Overview
- 14.2. South Korea Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Recruitment Software Market
- 15.1. Western Europe Recruitment Software Market Overview
- 15.2. Western Europe Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Recruitment Software Market
- 16.1. UK Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Recruitment Software Market
- 17.1. Germany Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Recruitment Software Market
- 18.1. France Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Recruitment Software Market
- 19.1. Italy Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Recruitment Software Market
- 20.1. Spain Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Recruitment Software Market
- 21.1. Eastern Europe Recruitment Software Market Overview
- 21.2. Eastern Europe Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Recruitment Software Market
- 22.1. Russia Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Recruitment Software Market
- 23.1. North America Recruitment Software Market Overview
- 23.2. North America Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Recruitment Software Market
- 24.1. USA Recruitment Software Market Overview
- 24.2. USA Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Recruitment Software Market
- 25.1. Canada Recruitment Software Market Overview
- 25.2. Canada Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Recruitment Software Market
- 26.1. South America Recruitment Software Market Overview
- 26.2. South America Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Recruitment Software Market
- 27.1. Brazil Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Recruitment Software Market
- 28.1. Middle East Recruitment Software Market Overview
- 28.2. Middle East Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Recruitment Software Market
- 29.1. Africa Recruitment Software Market Overview
- 29.2. Africa Recruitment Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Recruitment Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Recruitment Software Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Recruitment Software Market Competitive Landscape And Company Profiles
- 30.1. Recruitment Software Market Competitive Landscape
- 30.2. Recruitment Software Market Company Profiles
- 30.2.1. Oracle Corporation
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. SAP SE
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. SumTotal Systems
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Automatic Data Processing Inc.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Workday Inc.
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
31. Global Recruitment Software Market Competitive Benchmarking
32. Global Recruitment Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Recruitment Software Market
34. Recruitment Software Market Future Outlook and Potential Analysis
- 34.1 Recruitment Software Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Recruitment Software Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Recruitment Software Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer