What is Virtual Recruitment Software?
The global virtual recruitment software market is expected to grow at a moderate pace during the forecast period, according to the AMA study. Increasing demand for real-time employee engagement, rising demand for efficient hiring of suitable candidates across different industries, and growing adoption of cloud-based recruitment solutions are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is broken down by Type (Cloud-Based and On-Premises), by Application (Assessments, Interaction Tracking, Background Screening, Interview Management, Job Posting & Requisition, On-boarding, Self-Service Portal and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Virtual Recruitment Software market throughout the predicted period.
ICIMS (United States), VidCruiter (Canada), Myinterview Solutions Pty Ltd. (Australia), Spark Hire (United States), RecRight (Finland), XOR (United States), Harver B.V. (Netherlands), AllyO (United States), Zoho (India) and CEIPAL (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Virtual Recruitment Software market by Type, Application and Region.
On the basis of geography, the market of Virtual Recruitment 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 Industries, the sub-segment i.e. BFSI will boost the Virtual Recruitment Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Virtual Recruitment Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In October 2018, Saba Software Inc. one of a major vendors in talent development solutions announced that it has entered into a definitive agreement to acquire Lumesse, one of a leading provider of talent acquisition, talent management and learning experience technology in Europe
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Organisational Operations Reducing the Demand for Recruitment Platforms
- Emergence of Social Platforms
- Mobile Platforms Are Expected To Play A Crucial Role
- Increasing Demand for Real-time Employee Engagement
- High Demand for Efficient Hiring of Suitable Candidates
- Rising Adoption of Virtual Recruitment Solutions
- Opportunities in the Asia Pacific Region
- Availability of Open Source Platforms
- Short-term Challenges due to Reduced Demand for Hiring Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Key Target AudienceAssociation & Industrial Bodies, Software Provider, Professional Service Provider, Government & Research Organisation IT Companies, Cloud service Providers, System Integrator, Re seller & Distributors and Investors & Venture Capitalists
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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