Talent Acquistion Software Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to talent acquistion software market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Talent Acquistion Software Market News

in Talent Acquisition Software Market
  • In March 2025, OptimHire, a company that was founded in 2019, managed to secure a seed round of USD 5 million with an artificial intelligence-powered recruiting platform. OptimAI Recruiter, the company's artificial intelligence agent, takes charge of making the recruiting process simpler by finding candidates, conducting screening calls, and scheduling interviews. Due to this innovation, it has been possible to cut down the average time for recruiting a new employee from a few months to twelve days, and it has cut down the recruitment fees from 20% to 6%of the initial-year salary of a new recruit. Only OptimHire has been tasked with facilitating 8,000 jobs in 2024, which is a testament to the platform's general efficiency and scalability.
  • In March 2025, iCIMS created a candidate chatbot that was powered by artificial intelligence in an effort to enhance the applicant experience and simplify the application process. iCIMS also increased its Apply Network by adding sites like Indeed and LinkedIn. This made it possible for recruiters to successfully manage and disseminate application questions across a number of different job sites.
  • In September 2024, at the "Workday Rising" conference which was held at Las Vegas, Workday unveiled new major enhancements of their human capital and financial software. Part of these latest enhancements were these newly introduced artificial intelligence-powered "agents" used for automating recruitment. One such enhancement was the ability of the "Recruiter Agent" to come up on its own with job descriptions, to search for leads, to set up interviews and other jobs.
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Global Talent Acquisition Software Market size was valued at USD 19.14 Billion in 2023 and is poised to grow from USD 20.62 Billion in 2024 to USD 37.38 Billion by 2032, growing at a CAGR of 7.72% in the forecast period (2025-2032).

For the highly competitive talent acquisition software market, dominant competitors are competing with each other to capture market share through innovation, artificial intelligence deployment, and customer experience. To expand product offerings, companies are increasingly expanding talent acquisition of boutique startups. An example is the acquisition of SwoopTalent by SAP. To develop smarter and faster recruiting experiences and to maintain a competitive edge in a talent market that is constantly shifting, strategic alliances, cloud growth, and AI-powered capabilities like predictive hiring are being leveraged. 'OptimHire', 'Oracle Taleo', 'IBM (Kenexa)', 'Workday Inc.', 'iCIMS', 'ADP Recruiting Management', 'Cornerstone OnDemand', 'Lever', 'SmartRecruiters', 'Greenhouse Software', 'BambooHR', 'Zoho Recruit', 'Jobvite', 'Bullhorn', 'HireVue'

The growing presence of remote and hybrid work arrangements globally has led to a greater demand for digital HR solutions. Talent acquisition software is increasingly being favored by companies as a way of managing remote workforces, automating remote hiring processes, and delivering an equal applicant experience. Today, the need for virtual interviewing, digital onboarding, and cloud-based tracking is driving the adoption of end-to-end, scalable recruitment platforms for industries.

Increased Demand for Candidate Experience Platforms: In the process of recruitment, companies are focusing on building applicant experiences that are personalized and interactive. Experience-based platforms that offer products such as technologies such as chatbots powered by artificial intelligence, real-time alerts for applications, mobile-friendly interfaces, and feedback loops that enhance company branding and raise hiring percentages have been driven by this demand.

How is North America Leading the Talent Acquisition Software Market?

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Global Talent Acquistion Software Market
Talent Acquistion Software Market

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