What is Online Recruitment Software Market?
The global online 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 being classified, 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.
Ceipal Corp. (United States), Cornerstone OnDemand, Inc. (United States), Freshworks, Inc. (United States), Halogen Software (Canada), IBM (United States), Oracle (United States), PeopleFluent (United States), Skillsoft (United States), Saba Software (United States), SAP SE (Germany), Talentsoft (France) and Zoho Cororation (India) are some of the key players profiled in the study.
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 predicts that United States Players will contribute to the maximum growth of Global Online Recruitment Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Online Recruitment Software market by Type, Application and Region.
On the basis of geography, the market of Online 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Real-time Employee Engagement
- High Demand for Efficient Hiring of Suitable Candidates
- Rising Adoption of Online Recruitment Solutions
- Emergence of Social Platforms
- Mobile Platforms Are Expected To Play A Crucial Role
- Availability of Open Source Platforms
- Opportunities in the Asia Pacific Region
- Short-term Challenges due to Reduced Demand for Hiring Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Market Leaders and some 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
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