Recruitment Software Market Size to Grow by USD 704.26 million | Accenture Plc and Cognizant Technology Solutions Corp. Among Key Vendors

NEW YORK, May 9, 2022 /PRNewswire/ — The recruitment software market is fragmented, and the vendors are deploying growth strategies such as product innovation to compete in the market. Global vendors have established a strong foothold in the market due to the extensive range of their flagship products. To remain competitive in the market in terms of brand, quality, and reliability, global vendors focus more on innovation and technological advancements.

Technavio has announced its latest market research report titled Recruitment Software Market by Deployment and Geography Forecast and Analysis 2022-2026

The recruitment software market size is expected to grow by USD 704.26 million. Moreover, the growth momentum of the market will accelerate at a CAGR of 5.65%.

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Read the report with TOC on “Recruitment Software Market Analysis Report by Deployment (On-premises and SaaS-based) and Geography (North America, Europe, APAC, Middle East and Africa, and South America) Forecasts, 2022-2026″. View our Report Snapshot

Major Five Recruitment Software Companies: Key Offerings

  • Accenture Plc – The company offers recruitment software such as Human Capital Management that enable HR teams to reduce costs and meet the business goals.

  • Cognizant Technology Solutions Corp. – The company offers recruitment software such as Oracle Human Capital Management Cloud solution that allows converting active employee records from multiple legacy sources to a single global HR system.

  • Cornerstone OnDemand Inc. – The company offers recruitment software that engages with the workforce, recruits high performers, and empowers the business.

  • iCIMS Inc. – The company offers recruitment software that allows to create personalized candidate experiences, automate interviews, offers, and onboarding with AI, and tain talent with mobility solutions for employees.

  • International Business Machines Corp. – The company offers IBM Watson Recruitment that is a cognitive talent management solution that increases recruiter efficiency to allow HR to improve and accelerate people’s impact on the business.

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Recruitment Software Market Deployment Outlook (Revenue, USD mn, 2021-2026)

Recruitment Software Market Geography Outlook (Revenue, USD mn, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • Middle East and Africa – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

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Regional Analysis

Europe will account for 33% of the market’s growth during the forecast period. The growth of the recruitment software market in Europe will be driven by the early adoption of cloud-based solutions by enterprises and their need for a central system of employee records. Market growth in this region will be faster than the growth of the market in North America, MEA, and South America. The UK, Germany, and France are the key countries for the recruitment software market in Europe. The increased adoption of mobile applications related to jobs is encouraging enterprises to adopt recruitment software. Hence, the vendors in this market are offering recruitment software to cater to the growing demand from enterprises.

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Recruitment Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.65%

Market growth 2022-2026

USD 704.26 million

Market structure

Fragmented

YoY growth (%)

4.87

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

Europe at 33%

Key consumer countries

US, UK, Australia, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Cognizant Technology Solutions Corp., Hireku Inc., International Business Machines Corp., iCIMS Inc., Microsoft Corp., Oracle Corp., Saba Software Inc., SAP SE, and Zoho Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Deployment

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

Contacts

Technavio Research
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Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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