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Recruitment Software Market size was valued at USD 2366.21 million in 2019 and is poised to grow from USD 2504.63 million in 2023 to USD 4177.94 million by 2031, growing at a CAGR of 5.85% in the forecast period (2024-2031).

The Recruitment software market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase Recruitment Software market share and profitability. 'ClearCompany', 'HappierWork', 'Oracle Corporation', 'SAP SE', 'Workday, Inc.', 'ADP, LLC', 'Ultimate Software Group, Inc.', 'Bullhorn, Inc.', 'Jobvite, Inc.', 'JazzHR (formerly The Resumator)', 'SmartRecruiters, Inc.', 'Lever, Inc.', 'Workable Software Ltd.', 'BambooHR LLC', 'Zoho Corporation Pvt. Ltd.', 'Greenhouse Software, Inc.', 'JobAdder Pty Ltd.', 'Recruiterbox Inc.', 'ApplicantPro', 'Cornerstone OnDemand, Inc.'

Utilization of cloud-based solutions is driving the Recruitment Software market. Cloud Services improves recruiters' capacity to more effectively match job searchers with suitable prospects. Technology is also assisting recruiters in narrowing their focus on and expanding the pool of qualified candidates for open vacancies. Cold calls are no longer used. Today's hiring practices are extremely focused and are supported by data and research. When a recruiter makes the call, they are aware that they are speaking with a highly qualified and competitive candidate.

Big Data and Predictive Analytics are growing at the faster pace. Companies are having a tougher time managing the volume of applicants, so they are looking to technology to help sort through candidate data and identify individuals who are likely to be top achievers. To improve their predicting powers, they seek a comprehensive perspective of the applicant, including information about how applicants in the past have fared. SaaS apps will intensify their fierce rivalry with on-premises solutions.

In 2021, the North America region held the largest Recruitment software market share. The growth of the regional Recruitment Software market can be attributed to Silicon Valley's growing reliance on diverse solutions. The Asia Pacific is predicted to experience a huge increase in Recruitment Software market revenue during the projected period as a result of the region's significant industrialization and the rise of start-up businesses focused on developing smartphone applications. Throughout the forecast period, Recruitment Software market expansion is expected to be driven by rising mobility needs in developing countries like China and India. Due to the rapid expansion of corporate headquarters in a variety of industrial verticals the region of Europe is predicted to grow exponentially during the forecast period.

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Global Recruitment Software Market

Product ID: SQMIG45E2168