Technavio Announces the Publication of its
Research Report Global Recruitment Software Market 2016-2020
Technavio recognizes the following companies as the key players in the global recruitment software market: iCIMS, Kenexa (IBM), Lumesse, SuccessFactors (SAP), and Taleo (Oracle).
Other prominent vendors in the market are: Ascentis, Bond International Software, Bullhorn, Colleague Software, Cornerstone, Jobscience, Jobvite, MatchMaker Software, Microdec, PeopleFluent, Recruiterbox, and Swiftpro.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is proliferation of mobile devices in hiring process. The increasing use of mobile devices such as smartphones, and tablets is encouraging candidates to use them to access job-related information. Candidates are using mobile devices to apply for jobs, while, recruiters are using it to post job notifications. Mobile devices allow candidates to connect with recruiters anytime and anywhere. More and more vendors in the market are investing in mobile technology to make the recruitment process convenient, for candidates as well as hiring managers. For, e.g., Monster.com launched Monster Jobs, a mobile app that is available on Android and iPhone app stores.”
According to the report, one of the primary drivers in the market is high demand for automated recruitment processes. The demand for automated recruitment processes is one of the major drivers of the market. The recruitment of new talent requires a large investment in terms of time and money for any company. Recruitment software streamlines the entire hiring process by automating the various activities of recruitment. It reduces the overall cost and time needed for the hiring process. Automating the hiring process also increases the chances of recruiting the right candidate for the right post. So, many enterprises are adopting automated and streamlined recruitment processes like recruitment software.
Technavio recognizes the following companies as the key players in the global recruitment software market: iCIMS, Kenexa (IBM), Lumesse, SuccessFactors (SAP), and Taleo (Oracle).
Other prominent vendors in the market are: Ascentis, Bond International Software, Bullhorn, Colleague Software, Cornerstone, Jobscience, Jobvite, MatchMaker Software, Microdec, PeopleFluent, Recruiterbox, and Swiftpro.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is proliferation of mobile devices in hiring process. The increasing use of mobile devices such as smartphones, and tablets is encouraging candidates to use them to access job-related information. Candidates are using mobile devices to apply for jobs, while, recruiters are using it to post job notifications. Mobile devices allow candidates to connect with recruiters anytime and anywhere. More and more vendors in the market are investing in mobile technology to make the recruitment process convenient, for candidates as well as hiring managers. For, e.g., Monster.com launched Monster Jobs, a mobile app that is available on Android and iPhone app stores.”
According to the report, one of the primary drivers in the market is high demand for automated recruitment processes. The demand for automated recruitment processes is one of the major drivers of the market. The recruitment of new talent requires a large investment in terms of time and money for any company. Recruitment software streamlines the entire hiring process by automating the various activities of recruitment. It reduces the overall cost and time needed for the hiring process. Automating the hiring process also increases the chances of recruiting the right candidate for the right post. So, many enterprises are adopting automated and streamlined recruitment processes like recruitment software.
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Further, the report states that one major
challenge in the market is threat from open-source recruitment software.
Open-source recruitment software is posing as a stiff competition for
on-premises and cloud-based recruitment software. It is especially popular in
developing economies such as India and China. This is mainly because of
inadequate capital to invest in the expensive on-premises and cloud-based
recruitment software. Thus, open source recruitment software tends to be a very
economical solution for organizations with limited resources and expertise
availability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Recruitment Software
Recruitment software — also known as applicant tracking system — enable enterprises to electronically handle their recruitment needs. It automates end-to-end hiring for recruitment agencies, executive search firms, HR teams of start-ups, and SMEs, and large enterprises. The use of recruitment software results in improved recruiting practices, better hires, and satisfied stakeholders by managing data in a more centralized and secure way. Vendors in this market are providing recruitment software that help to manage the entire recruitment cycle of job creation to candidate finalization with minimal disturbances.
Technavio’s analysts forecast the global recruitment software market to grow at a CAGR of 6.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global recruitment software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of recruitment software licenses, installation and implementation of software, training, maintenance, and subscriptions.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Recruitment Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• iCIMS
• Kenexa (IBM)
• Lumesse
• SuccessFactors (SAP)
• Taleo (Oracle)
Other prominent vendors
• Ascentis
• Bond International Software
• Bullhorn
• Colleague Software
• Cornerstone
• Jobscience
• Jobvite
• MatchMaker Software
• Microdec
• PeopleFluent
• Recruiterbox
• Swiftpro
Market driver
• High demand for automated recruitment processes.
• For a full, detailed list, view our report
Market challenge
• Threat from open-source recruitment software.
• For a full, detailed list, view our report
Market trend
• Proliferation of mobile devices in hiring process.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table of content:
https://marketreportscenter.com/reports/456004/global-recruitment-software-market-2016-2020#toc
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