Diversity Recruiting Software Market to Grow at a CAGR of 9.4% to reach US$ 709.5 Million from 2020 to 2027

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Diversity Recruiting Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Deployment (Cloud and On-premise), Enterprise Size (Small and Medium Enterprises (SMEs) and Large Enterprises)

Publication Month: Aug 2020 | Report Code: TIPRE00012762 | No. of Pages: 136 | Category: Technology, Media and Telecommunications | Status: Published

The Diversity Recruiting Software market was valued at US$ 357.1 million in 2019 and is expected to grow at a CAGR of 9.4% during the forecast period of 2020 to 2027 to reach US$ 709.5 million by 2027.

Mobile Recruitment offers two significant benefits. First, it enables the recruiters and hiring teams to manage the recruitment process from anywhere they can use a mobile device. It is possible to schedule interviews, provide internal feedback, and communicate with the candidates remotely. Secondly, it enables the hiring team to reach candidates remotely and via mobile devices, on which candidates are highly dependent. Mobile recruiting is thriving, with job searches on mobile devices now exceeding 1 billion a month. Nearly 90% of job seekers now use a mobile device to search for a new opportunity. It is a growing and dynamic industry supported by increase in smartphone usage. Recruiters are striving to scale up their websites and mobile apps to provide users with a seamless experience. Few of these activities include tailoring the mobile experience to meet the expectations of candidates, communicating with candidates at each stage of the interview process via texts, migrating communication to mobile apps between hiring managers and candidates, and simplifying the application process. For example, Greenhouse Software, Inc., one of the leading market players, offers Greenhouse Recruiting mobile app with flexible log-in options, such as password, SSO, or Google sign-in, and access to candidate's profiles, such as activity feed, resume, attachments, and submitted scorecards.

Impact of COVID-19 Pandemic on Diversity Recruiting Software Market

During the COVID-19 pandemic, businesses and organizations, faced with unprecedented challenges, are looking for different ways to stay productive. Managing staff procedures, increasing or decreasing headcount, and maintaining workloads has become a remote process for many businesses as they look to protect their employees, their customers, and the public. Centers for Disease Control and Prevention (CDC) has recommended social distancing measures for organizations, which has made remote working a new norm. Employees work from home and manage personal obligations. Businesses are facing difficult decisions about how this seismic shift can be adapted and survived, and hiring practices have changed overnight. All of these factors are expected to impede market growth in 2020 and mid-2021.

Lucrative Regions for Diversity Recruiting Software Market

Lucrative Regions for Diversity Recruiting Software Market

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Market Insights

Artificial Intelligence (AI) to Provide Growth Opportunities to Diversity Recruiting Software

AI is the future of the Diversity Recruiting Software. It can make the diversity recruitment process quicker and simpler. AI is expected to transform recruitment in the next couple of years. With AI, recruiters would be able to use more free time for other essential tasks. AI would ensure that the company gets the perfect match for the position by examining the candidate's resume and online presence to see if it is an ideal fit. Moreover, with AI, businesses would be able to find the best talent, conduct opening interviews, and examine candidate resumes, thus ensuring a faster selection procedure. With the AI assistance, recruiters and staffing agencies can reach out to more qualified candidates. Moreover, they would be able to target their searches by factors, such as job position, education, location, and salary.

Deployment Market Insights

The cloud Diversity Recruiting Software is witnessing high demand compared to on-premises Diversity Recruiting Software. The increasing demand for cloud segment is attributed to the low cost and a robust network infrastructure in developed countries. The cloud Diversity Recruiting Software vendors are also focused on creating a high-level security patch to mitigate the cyber-attack risk.

Diversity Recruiting Software Market, by Offering– 2019 and 2027

Diversity Recruiting Software Market, by Offering– 2019 and 2027

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Enterprise Size Market Insight

At present, various companies are opting for Diversity Recruiting Software due to the increased need for a flexible and modular architecture that can be tailored to any organization's hiring needs from small to large business. The growth of the enterprise is primarily driven by a sizeable increase in the number of employment placement agencies, which drive the majority of their turnover from permanent recruitment activities. Based on the enterprise size, Diversity Recruiting Software market is segmented into small and medium enterprises and large enterprises.

Strategic Insights

Report Coverage - Diversity Recruiting Software Market
Report CoverageDetails
Market Size Value inUS$ 357.1 Million in 2019
Market Size Value byUS$ 709.5 Million by 2027
Growth rateCAGR of 9.4% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages136
No. of Tables56
No. of Charts & Figures69
Historical data availableYes
Segments coveredDeployment
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In July 2020, Entelo announced the completion of Workday Certified Integration. The integration would allow joint customers to search Entelo’s database of passive candidate profiles and select individual or groups of profiles to export into Workday Recruiting.
  • In December 2019, GR8 People announced launch of real-time intelligent personalization to help, inform, and engage candidates with a combination of AI-driven features that result in a more candidate-centric career website experience.

Global Diversity Recruiting Software Segments:

Diversity Recruiting Software Market – By Deployment

  • Cloud
  • On-Premise

Diversity Recruiting Software Market – By Enterprise Size

  • SMEs
  • Large Enterprise

Diversity Recruiting Software Market – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM


  • Be Applied Ltd.
  • Entelo, Inc.
  • GR8 People, Inc.
  • Greenhouse Software, Inc.
  • Hiretual
  • HiringSolved
  • Plum, Inc.
  • Pymetrics, Inc.
  • SeekOut
  • Eightfold AI, Inc.

Frequently Asked Questions

North America is expected to be the largest revenue generator in the diversity recruiting software market compared to the other regions. US and Canadian companies continuously invest in R&D activities to introduce new and advanced technologies. These countries have strong economies and are rapidly adopting diversity recruiting software to meet regulatory requirements and survive in a highly competitive recruitment market.
One of the major factors driving the diversity recruiting software market during the forecast period is the increasing need for enhanced communication capabilities and productivity. Recruiting software solutions, including applicant tracking systems, improve communication channels by keeping applicants and recruiters in the loop. These solutions further assist in filtering, ranking, and storing applicant data instantly during the recruitment process. The recruitment software also streamlines and presents the data flow in a useful form that allows recruiters to sort the applications, generate a shared calendar, and schedule interviews.
The cloud segment led the deployment segment. Recently, the technology sector has witnessed significant adoption of cloud software, owing to the benefits such as simplified deployment and reduced deployment cost offered by the cloud software. These advantages have attracted a large number of end-users. Due to the increasing demand for cloud software, various players in the diversity recruiting software market are offering cloud products. Additionally, the advanced internet infrastructure in developed, as well as developing countries, is allowing end-users to easily access the cloud diversity recruiting software.

The List of Companies - Diversity Recruiting Software Market

  1. Be Applied Ltd.    
  2. Entelo, Inc.            
  3. GR8 People, Inc.                  
  4. Greenhouse Software, Inc.            
  5. Hiretual                   
  6. HiringSolved          
  7. Plum, Inc.               
  8. Pymetrics, Inc.     
  9. SeekOut                 
  10. Eightfold AI
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the diversity recruiting software market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to enterprise size, deployment type, and end-user.
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