Global Recruitment Automation Software Market Overview:
Recruitment Automation Software helps recruiters to work more efficiently. Tools and platforms automate routine tasks throughout the hiring process, allowing teams to concentrate their efforts on determining a candidate's true fit for the company and role. Recruiting automation is a subset of Human Capital Management (HCM), a type of enterprise software-as-a-service (SaaS) that businesses use to manage all aspects of their workforce. Companies that want to gain a competitive advantage in the hiring process use recruiting automation software. These businesses want to achieve better results in less time and with fewer resources in comparison to the goals they want to achieve.
- Increasing Need to Streamline Recruiting Process
- Rise in Adoption of Hiring Automation Tools
- High Cost of Installation and Maintenance
- Rising Opportunity in Emerging Economy
- Lack of Human Touch
- Growing Data Security Concerns
The demand for Recruitment Automation Software is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period.
Some of the key players profiled in the report are IBM (United States), SAP (Germany), Oracle Corporation (United States), Accenture (Ireland), Zoho (India), Kronos Incorporated (United States), ZoomInfo (United States), Bullhorn, Inc. (United States), HRsoft (United States) and Loxo (United States). Additionally, following companies can also be profiled that are part of our coverage like CEIPAL (United States), Paradox (Canada) and Fetcher (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Recruitment Automation Software market by 2026. Considering Market by Enterprise Size, the sub-segment i.e. Large Enterprise will boost the Recruitment Automation Software market. Considering Market by Deployment, the sub-segment i.e. On Premise will boost the Recruitment Automation Software market. Considering Market by Features, the sub-segment i.e. AI-powered candidate search will boost the Recruitment Automation Software market. Considering Market by End User, the sub-segment i.e. Retail will boost the Recruitment Automation Software market.
Latest Market Insights:
In March 2019 Zoho had announced the acquisition of ePoise. The combination of Zoho's global footprint and product portfolio depth, as well as ePoise product capability and talent, will provide value to their customers.
What Can be Explored with the Recruitment Automation Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Recruitment Automation Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Recruitment Automation Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recruitment Automation Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recruitment Automation Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Recruitment Automation Software Market?
The Recruitment Automation Software market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Recruitment Automation Software Market?
Top performing companies in the Global Recruitment Automation Software market are IBM (United States), SAP (Germany), Oracle Corporation (United States), Accenture (Ireland), Zoho (India), Kronos Incorporated (United States), ZoomInfo (United States), Bullhorn, Inc. (United States), HRsoft (United States) and Loxo (United States), to name a few.
3. What trending factors would impact Recruitment Automation Software Market growth most?
"Advent of AI in Recruiting Process" is seen as one of major influencing trends for Recruitment Automation Software Market during projected period 2020-2026.