Global Recruitment Software Market to Grow by $ 683.8 Million During 2020-2024 | Featuring Accenture Plc, Cognizant Technology Solutions Corp., and Hireku Inc. among others | Technavio

NEW YORK, March 31, 2021 /PRNewswire/ --

Technavio estimates the global recruitment software market to grow by USD 683.8 million, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The market is driven by the growing corporate sector and start-ups. In addition, the enhanced communication capabilities and productivity of recruiters will positively influence the growth of the recruitment software market.

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Recruitment Software Market: Deployment Landscape
Based on the deployment, the market witnessed growth in the on-premise segment. This can be attributed to the high level of security provided by on-premise solutions. The market growth in the segment will be significant over the forecast period.

Recruitment Software Market: Geographic Landscape
33% of the market's growth originated from Europe in 2019. The increasing employment-to-population ratio in countries such as the UK and Belgium is fueling the growth of the recruitment software market in Europe.

The UK, Germany, and France are the key markets for recruitment software in Europe. Market growth in this region will be slower than the growth of the market in APAC.

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Major Five Recruitment Software Market Vendors:

Accenture Plc: The company provides solutions such as Accenture Document Composer, HR Loader, HR Audit and Compliance, and Cone and Test, in collaboration with SAP for SAP SuccessFactors software.

Cognizant Technology Solutions Corp.: Th company offers OneHCM. It helps move talent management to the cloud to optimize processes and speed up implementation.

Hireku Inc.: The company offers JazzHR. It includes candidate sourcing, applicant tracking, employer branding, collaborative hiring, and compliance and reporting features.

International Business Machines Corp.: The company offers talent management solutions that help elevate recruiter efficiency by selecting the best candidates for recruitment.

iCIMS Inc.: The company offers a wide range of recruitment solutions through platforms such as Recruitment marketing suite, Advanced communications suite, Hiring suite, and Partner ecosystem.

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Related Reports on Information Technology Include:

Global Applicant Tracking Systems Market – Global applicant tracking systems market is segmented by deployment (cloud-based and on-premises) and geography (APAC, Europe, MEA, North America, and South America).

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Global Workforce Analytics Market – Global workforce analytics market is segmented by end-user (retail, BFSI, telecom and IT, healthcare, and others) and geography (North America, Europe, APAC, South America, and MEA).

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What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: [email protected]
Website: www.technavio.com/
Report: www.technavio.com/report/recruitment-software-market-industry-analysis

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