The global diversity recruiting software market was valued at USD 2 billion in 2019 and is estimated to reach USD 3 billion by 2026, expanding at a CAGR of 7% during the forecast period, 2020 – 2026. The growth of the market is attributed to increasing need for analytics metrics and the growth of machine learning and artificial intelligence.
Recruitment software is also known as applicant tracking system, which allows the organizations to regulate their recruitment electronically. Adoption of recruitment software helps the organization in ranking, storing, and filtering the data of the applicants rapidly. Recruitment software tracks and maintains data, which is confidential in nature such as financial accounts, address, and social security number. Along with the development in technology, new methods and features are introduced in recruitment software, this methods and features allow integration of LinkedIn and Facebook, candidate relationship management, candidate searching and management of advertisement. These innovations is expected to boost the market growth during the forecast period.
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Market Trends, Drivers, Restraints, and Opportunities:
Competitive Landscape
Major players in the market include Zoho Corp., Taleo Corporation, SumTotal Systems Inc., SuccessFactors , SAP SE, Saba Software Inc., PeopleAdmin, Oracle, Microsoft, Kenexa Corporation, International Business Machines Corp., Hireku Inc., Halogen Software Inc., Cognizant Technology Solutions, Ceridian HCM Inc., and Accenture Plc.
Major market players are engage in strategies such as on merger and acquisitions to develop the software solutions for recruitment services. Presently, companies are aiming to cross sell their newly added features in their software. The key players are also focusing on strategic collaborations and joint ventures to expand their businesses worldwide.
Segments Covered in the Report
The global diversity recruiting software market has been segmented on the basis of
By Regions:
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The following is the TOC of the report:
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Diversity Recruiting Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Diversity Recruiting Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Diversity Recruiting Software Market – Supply Chain
4.5. Global Diversity Recruiting Software Market Forecast
4.5.1. Diversity Recruiting Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Diversity Recruiting Software Market Size (000? Units) and Y-o-Y Growth
4.5.3. Diversity Recruiting Software Market Absolute $ Opportunity
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Diversity Recruiting Software Market Size and Volume Forecast by Type
5.3.1. Cloud Based
5.3.2. Web Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
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