The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased need for cloud-based systems is projected to boost the recruiting software market ahead.

The global recruitment software market is expected to grow from $2.11 billion in 2022 to $2.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The market is expected to reach $3.05 billion in 2027 at a CAGR of 7.6%.

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Global Recruitment Software Market Segments Include:

• By Component: Software, Services
• By Software: Contact Management, Resume Management, Mobile Recruitment, Reporting and Analytics, Workflow Management, Other Softwares
• By Organization Size: SMEs (Small and Medium-sized Enterprises), Large Enterprises
• By End-User: Retail, IT and Telecom, BFSI (Banking, Financial Services, and Insurance), Manufacturing, Healthcare, Other Commercial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global recruitment software market in 2021.

Major Market Players in the recruitment software market Oracle Corporation, SAP SE, SumTotal Systems, Automatic Data Processing Inc., Workday, Inc., Ceridian HCM, Cornerstone OnDemand Inc.

Product innovation is a crucial trend that is gaining traction in the recruiting software market. Companies in the recruiting software market are introducing new solutions to maintain their market position. Ceipal, a New York-based recruiting and talent acquisition software business, for example, launched an innovative and comprehensive tool set to automate the entire talent acquisition lifecycle in March 2023. Ceipal’s comprehensive automation capabilities are accessible in a single low-cost package, including critical ATS features, AI for recruiting, text recruiting, business intelligence and reporting, advanced CRM tools, and more. It contains benefits such as report automation, managed harvesting, AI matching and rating, marketing CRM, workforce management, and other similar features.

The Recruitment Software Global Market Report 2023  provides a recruitment software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The recruitment software market forecast analyzes recruitment software market size, recruitment software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Recruitment software is a sort of technology used to help with the employment process. It is used to automate a variety of recruitment operations, including publishing job adverts, receiving and sorting resumes, and arranging interviews.

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