Increasing Use of Internet and Emergence of Online Recruitment Channels to Bolster Global Recruitment Software Market

Published On : 20 Dec 2016

A new market intelligence study has been added by QYReseachReports.com to its comprehensive collection of research reports. The 121-page research study, titled “Global Recruitment Software Market Research Report 2016,” offers an in-depth analysis, emphasizing on the primary factors that are likely to impact the growth of the market throughout the forecast period. The rising use of social media and the emergence of online recruitment channels are likely to generate promising opportunities for key players operating in the global market. This market is expected to register a healthy growth rate throughout the forecast period.

The rising acceptance of diverse workforce and the rising demand for automated recruitment processes are some of the vital factors anticipated to encourage the growth of the global recruitment software market in the coming years. In addition, the growing demand for SaaS-based recruitment software and the increasing need for cost-effective solutions are estimated to fuel the market’s growth in the coming years. On the other hand, the growing risks from open-source recruitment software and the high maintenance and implementation cost are expected to restrict the growth of the global recruitment software market in the coming years.

On the basis of geography, the global market for recruitment software has been categorized into China, Southeast Asia, Europe, India, North America, and Japan. Among these, North America is anticipated to lead the market and account for a key share in the coming years. The growing contribution from Canada and the U.S. and the rising adoption of these software are some of the primary factors likely to encourage the growth of the market in North America.

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On the other hand, the increasing market penetration and the growing use of internet in emerging economies are estimated to fuel the growth of the recruitment software market in India, China, and Southeast Asia.

Furthermore, the research study analyses the competitive scenario of the global recruitment software market and throws light on the leading players and their strategies. As per the study, the global market at present is highly fragmented in nature and is expected to focus on expansion of product portfolio in the near future. To offer a strong understanding of the overall market, the research report has provided information related to the company profiles, financial status, recent developments, and SWOT analysis.

Some of the prominent players operating in the recruitment software market across the globe are IBM, Peopleclick Authoria, Naukri, Monster, First Choice Software, Matchmaker Software, LinkedIn, CareerBuilder, ZipRecruiter, Swiftpro, TheLadders, People fluent, Hireology, Jobvite, ITS Software Systems, SimplyHired, Bullhorn, and Bond International Software. The increasing participation of new entrants is expected to strengthen the competition among the key players in the next few years.

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