Global Diversity Recruiting Software Market Overview:
Diversity recruiting software allows companies to industrialize the procedure of manually sourcing qualified applicant pools for current and future openings. This software benefits HR personnel, hiring managers, and recruitment industry experts to remove unconscious bias throughout the recruiting process. Diversity recruiting software employs artificial intelligence to enhance job descriptions, identify qualified candidates, and exportation full candidate profiles, among other tasks. Some of the key players profiled in the study are Entelo (United States), Plum (Canada), SeekOut (United States), Eightfold.ai (United States), Triplebyte (United States), Cangrade (United States), Hiretual (United States), Ideal (Canada), Hired (United States) and Pymetrics (United States).
On the basis of geography, the market of Diversity Recruiting Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Staffing and Recruiting will boost the Diversity Recruiting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Recruiting Automation will boost the Diversity Recruiting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organizations will boost the Diversity Recruiting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Continuous Changes in Workforce Requirement
- Growing Requirement for Enhanced Communication by Recruiters
- Mounting Adoption for Cost-Effective Recruitment Methods
- Enterprise Brand Exposure as Software Offer Good Platform
- Implementation of Advanced Technologies Such as Big Data, Predictive Analytics and Blockchain
- Lack of Awareness Among End Users
Major Market Developments:
In Nov 2019, Headstart is leading diversity recruiting solution announced USD 7 Mn with the collaboration of Accenture in the United States region. This investment is led by FoundersX, the Silicon Valley VC specializing in AI. Through this initiative, the company is becoming more competitive in the market, and gain more market share.
The market is strongly fragmented by various market players and those are highly focusing on various production technologies, and on improving efficiency and others. There are numerous growth opportunities in the market that can be captured by tracking the ongoing process improvement and enhanced the financial flexibility to invest in market growth strategies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Diversity Recruiting Software Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Diversity Recruiting Software market on the basis of product [Cloud-Based and Web-Based] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Diversity Recruiting Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Diversity Recruiting Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Vervoe (Australia), Textio (United States) and HiringSolved (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Diversity Recruiting Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.