Global Recruitment Software Market 2014-2018

TechNavio - Infiniti Research Ltd.
May 9, 2014
52 Pages - SKU: INF5248474
Countries covered: Global

Global Recruitment Software Market 2014-2018

About Recruitment Software

Recruitment software provides a complete set of tools to help organizations recruit employees more efficiently. Recruitment software is either deployed by an in-house recruiting department or by a recruiting agency. The software includes various features such as job posting, applicant tracking, pre-screening questions and response tracking, scheduling and tracking of interviews, and sending notices to candidates about their progress. Technological advancements and increased penetration of the internet and social media have allowed vendors to create more advanced recruitment software with features such as the capability of posting jobs in multiple online forums and integration with social media tools. Recruitment software helps organizations maintain competitive advantage by helping them in recruiting talented personnel.

TechNavio's analysts forecast the Global Recruitment Software market will grow at a CAGR of 10.2 percent over the period 2013-2018.

Covered in this Report

The Global Recruitment Software market can be segmented based on deployment model into On-site and On-demand.

TechNavio's report, the Global Recruitment Software Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Recruitment Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions
  • Americas
  • EMEA
  • APAC
Key Vendors
  • Kenexa (IBM) Corp.
  • Lumesse Ltd.
  • Oracle Taleo Corp.
  • SuccessFactors (SAP) Inc.
Other Prominent Vendors
  • 2LS Ltd.
  • Bond International Software
  • Bullhorn Inc.
  • First Choice Software
  • Hireology
  • ITS Software Systems Ltd.
  • Matchmaker Software Ltd.
  • Microdec plc
  • Peopleclick Authoria
  • People fluent
  • Swiftpro Ltd.
Key Market Driver
  • Increase in Demand for Cloud-based Recruitment Software.
  • For a full, detailed list, view our report.
Key Market Challenge
  • Integration Issues.
  • For a full, detailed list, view our report.
Key Market Trend
  • Emergence of m-Recruitment.
  • For a full, detailed list, view our report.
Key Questions Answered in this Report
  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Additional Information

Introduction

Recruitment software is a software application that provides a set of tools that enable business organizations and recruitment agencies to recruit employees efficiently. Recruitment software is either installed by an in-house recruiting department or a recruitment agency. The software has various features such as job postings, applicant tracking, pre-screening questions and response tracking, scheduling and tracking of interviews; it also sends out notifications to candidates informing them about their selection or rejection. Technological advancements and increased penetration of the internet have allowed vendors to develop an advance recruitment software that integrates with social media networks. Recruitment software helps business houses and agencies to maintain a competitive edge by recruiting the best and most talented personnel. The Global Recruitment Software market is growing at a moderate rate and is expected to reach US$2.08 billion by 2018, growing at a CAGR of 10.20 percent during the period. The major demand for recruitment software comes from the Americas, which holds 56-58 percent of the market share. The APAC and the EMEA regions are experiencing a promising growth and are expected to gain market share in the near future.

The growth of the Global Recruitment Software market is driven by several factors. An increase in the demand for cloud-based recruitment software is one of the major drivers. Equipped with the ability to manage the recruitments effectively, the cloud computing technology enables enterprises to recruit the right person for the right position in an economical and time-bound manner. The major benefit of cloud-based recruitment software is that an end-user can login from any web-enabled device such as a desktop computer, laptop, iPhone, iPad, or tablet in any place. Moreover, the installation of patches and new versions are automatically updated. The need to speed up the recruitment process is another key driver.

Despite the presence of several drivers, the growth of the market is curtailed by certain serious challenges. The process of integration is the main challenge. The integration of recruitment software with on-premises legacy systems is one of the major challenges confronted by this market. The company's merger and acquisition activities and the increased complexity of the company infrastructure give rise to the issues of integration. These issues increase the cost of software implementation. The absence of technically proficient users is another challenge for this market.

Companies Mentioned

Kenexa (IBM) Corp., Lumesse Ltd., Oracle Taleo Corp., SuccessFactors (SAP) Inc., 2LS Ltd., Bond International Software, Bullhorn Inc., First Choice Software , Hireology , ITS Software Systems Ltd., Matchmaker Software Ltd., Microdec plc , Peopleclick Authoria, People fluent, Swiftpro Ltd.

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