The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Market Growth

• Market Size 2023: $2.27 billion
• Market Size 2024: $2.45 billion
• CAGR: 7.7%
• Growth Drivers:
  • Rise in minimally invasive surgeries
  • Prevalence of chronic diseases
  • Preference for high-quality imaging
  • Awareness and education
  • Reimbursement policies
  • Hospital infrastructure development

Future Market Outlook

• Market Size 2028: $3.32 billion
• CAGR: 7.9%
• Growth Drivers:
  • Shift towards ambulatory surgical centers
  • Increasing geriatric population
  • Rising surgical volume
  • Focus on infection control
  • Specialized application-specific endoscopes
• Key Trends:
  • Advancements in imaging technologies
  • Product innovation
  • Integration of artificial intelligence
  • Hybrid rigid-flexible endoscopes
  • Telemedicine and remote consultations

Read The Full Recruitment Software Market Report Here:
https://www.thebusinessresearchcompany.com/report/recruitment-software-global-market-report

Cloud-Based Systems Propel Market Expansion

• Cloud-Based Systems:
  • Hosted and accessed over the Internet
  • Also known as Software-as-a-Service (SaaS) or cloud computing
• Advantages:
  • Accessibility
  • Scalability
  • Cost-effectiveness
  • Security
  • Integration with other cloud-based tools
• Market Impact:
  • Increased adoption of cloud computing
  • Higher usage among businesses
  • Example: Eurostat reports a rise in cloud computing adoption between 2020 and 2021, with 72% of major organizations using cloud computing in 2021, up from 65% in 2020.

Major Players in the Market

• Key Companies:
  • 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.
  • Alphabet Inc.

Product Innovations in Recruitment Software

• Key Trend:
  • Product innovations are gaining popularity
• Example:
  • In March 2023, Ceipal launched an advanced toolset to automate the talent acquisition lifecycle.
  • Features include ATS, AI for recruiting, text recruiting, business intelligence, reporting, CRM tools, and more.
  • Benefits include report automation, managed harvesting, AI matching and ranking, marketing CRM, and workforce management.

Strategic Acquisitions Expand Market Presence

• Example:
  • In July 2021, XCD acquired Hireserve to increase capacity and offerings.
  • XCD is a UK-based cloud-based HR and Payroll software provider.
  • Hireserve is a UK-based recruitment software company.

Market Segmentation

• By Component:
  • Software
  • Services
• 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
• Subsegment:
  • Contact Management
  • Resume Management
  • Mobile Recruitment
  • Reporting and Analytics
  • Workflow Management
  • Other Software

Regional Insights

• Largest Region in 2023: North America

Conclusion
The recruitment software market is experiencing robust growth driven by advancements in technology and increased demand for cloud-based solutions. With major players innovating and expanding their market presence through strategic acquisitions, the future looks promising. Key trends such as AI integration and hybrid solutions are set to shape the market, ensuring continuous growth and improved recruitment processes across various industries.

Get A Free Sample On The Global Recruitment Software Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10422&type=smp

The Recruitment Software Global Market Report 2024  provides an overview of the recruitment software market 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 and their market positions.

Explore Similar Reports From The Business Research Company:
Human Capital Management Global Market Report 2024
Augmented Reality Software Global Market Report 2024
Application Development Software Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: