Published Date : Dec 05, 2016
Albany, NY, Dec 05, 2016: A recent report added to the diverse and extensive research report portfolio of MarketResearchReports.biz examines the current state and forecasts the future growth prospects of the global recruitment software market. The report, titled “Global Recruitment Software Market 2016-2020,” states that the market will exhibit a nearly 6% CAGR over the period between 2016 and 2020.
The report states that the rising global demand for the economical and highly efficient SaaS-based recruitment software will be one of the key factors to have a notable positive influence on the global recruitment software market. The benefits of SaaS-based recruitment software such as the capability of accessing services and data from remote locations and thus the elimination of the need for additional software products will fuel the global demand for these software products globally.
The shorter span of implementation procedures, high returns on investment, and the overall reduction in operation costs will also compel organizations to increase the deployment of SaaS-based software for the recruitment procedure and consecutively drive the global market.
One of the key trends expected to have a sizeable impact on the overall development of the global recruitment software market is the rising use of mobile devices in the hiring process. With the constantly rising base of smartphone users across the globe, the use of mobiles to apply for jobs is expected to rise at an enormous pace in the next few years. This will encourage recruitment software providers to invest more in the field of mobile technologies to make the recruitment process more convenient.
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In terms of deployment model, the global recruitment software market has been analyzed in the report for two segments: SaaS-based deployment and on-premise deployment. Of these, the segment of on-premise deployment accounted for the dominant share in the global recruitment software market in 2015. The in-house installation of software in this way of deployment allows the user to access data directly from the prevalent technological framework of the company. Though the implementation of software is lengthy in the in-house deployment mode, it is more preferred owing to benefits such as high level of security owing to no or very little third-party interference.
In terms of geography, the global recruitment software market has been segmented into Americas, EMEA, and APAC. The study estimates that the Americas will be the key contributor to the revenues of the global market over the forecast period. North America is expected to account for the leading chunk of sales.
Rising adoption across countries such as Canada and the U.S. will strengthen the growth prospects of the North America recruiter software market over the forecast period. Moreover, factors such as the encouraging development of education systems and the high penetration of social media will drive the increased adoption of recruitment software in countries such as Chile, Brazil, Argentina, and Colombia.
The global recruitment software market features a moderately fragmented competitive landscape owing to the presence of several large and small players. Some of the key vendors in the market are iCIMS, Lumesse, Kenexa (IBM), Taleo (Oracle), SuccessFactors (SAP), Bond International Software, Ascentis, Bullhorn, Recruiterbox, Colleague Software, Jobvite, Cornerstone, MatchMaker Software, PeopleFluent, Microdec, Jobscience, and Swiftpro.
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