Global Recruitment Software Market 2009-2013

TechNavio - Infiniti Research Ltd.
September 7, 2010
22 Pages - SKU: INF2807575
Countries covered: Global

Global Recruitment Software Market 2009-2013 report by Technavio Insights forecasts the Recruitment Software market to grow at a CAGR of 14.5 percent, with Americas (including North America and Latin America) accounting for the largest market share at 46.2 percent.

The major growth drivers include:
  • With increasing workforce in organizations, there is growing need for reliable, practical and cost effective solutions to manage the manpower efficiently
  • Companies’ need to measure individual performance, identify critical competencies, etc
  • Rising need to automate many of the HR functions to focus on more important issues like employee satisfaction, reducing employee turnover, motivating employees for bringing new ideas, etc
  • Cost Effectiveness, user friendliness and being equipped with powerful features, drives the companies to opt for them
However, the market is facing some challenges which can inhibit the growth. Many recruitment softwares, especially the web based ones, have some security issues associated with them like a distributed denial of service (DDoS) or denial of service (DoS) attack, which may take them down. Further, there are issues related to hacking into software and data theft.

For the purpose of this report, the Recruitment Software market refers to computer based applications, which help a company manage its recruiting needs, such as posting jobs, tracing applicants, scheduling interviews, tracking the interview process, etc. This report analyzes Recruitment Software market’s recent performance and provides worldwide market revenue and growth rates from 2009 through 2013. It provides the market segmentation and forecasts for the market in each region (Americas, EMEA, APAC) for the period from 2009 through to 2013.

It ncludes comprehensive analysis of various trends and changes taking place in the Recruitment Software market around the globe and explains the factors influencing market growth and also inhibitors preventing their adoption. It also provides basic profiles of some of the leading vendors in the market


Additional Information

Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.

List Of Companies In The Report

Bond International Software
Kenexa
Mr. Ted
StepStone Taleo Corporation

Press Release

Global Recruitment Software Market Witnesses New Trends

October 27, 2010

The global recruitment software has been seeing increased implementation by companies looking at cost effectiveness. This coupled with the availability of the software on SaaS has been pushing the market’s growth.

Growing competition in this market is encouraging vendors to offer more integrated services through a suite of solutions. With several consolidations happening in the market, many vendors are looking to increase their market share with such strategies.

TechNavio’s analyst says, “Two key trends have encouraged the growth of recruitment software. Integrating of these solutions with social networking sites such as Facebook has added to its popularity. Additionally, now that these solutions are available on a SaaS platform, it will definitely witness increased implementation.”

According to TechNavio, the global recruitment software market is forecast to reach $1,279.7 million in 2013 from $745.2 million growing at a CAGR of 14.5%. With increasing costs of recruitment, employers are looking at solutions to cut costs. Recruitment software has been meeting this need effectively. These solutions are especially popular with small and medium businesses who find recruitment software to be extremely user friendly.

TechNavio has published the report on this subject titled “Global Recruitment Software Market 2009-2013”. This report has been prepared based on a study of the global recruitment software market with a focus on region wise trends. Inputs from industry experts, vendors and end users were used in the analysis. The report includes a market size estimate and forecast, market landscape, vendor landscape, drivers, challenges and trends in this market.

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