Online recruitment software provides integral recruitment solution to streamline recruitment processes, which include contact management, resume management, mobile recruitment, reporting & analytics, and workflow management. Various industry key players such as SAP SE, Sum Total Systems, Ultimate Software, and Talentsoft offer solutions to manage the entire recruitment lifecycle process.
The major driving factors of the online recruitment software market include increase in adoption of cloud-based solutions, minimum deployment & maintenance expenses, and rise in need to streamline recruitment processes. Furthermore, growth in adoption of mobile-based solution fuels the growth of the market, owing to increase in use of smartphones at workplace. However, rise in data security and privacy concern is expected to restrict the market growth.
The report segments the online recruitment software market on the basis of component, industry vertical, and geography. Based on component, the market is divided into software and service. The software segment is classified into contact management, resume management, mobile recruitment, reporting & analytics, workflow management, and others. The service segment is subsegmented into professional and managed service. By industry vertical, the market is categorized into manufacturing, healthcare, hospitality, BFSI, education, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major player operating in the online recruitment software market include SAP SE, Ultimate Software, Sum Total Systems, Talentsoft, Oracle Corporation, Cornerstone OnDemand, Zoho Corporation Pvt. Ltd., Talentpool, Clear Company, and Jobvite, Inc.