In 2021, the Global Staffing Software market was estimated to be worth around US $ 488.5 Million. With the increasing adaption of Staffing Software by several organizations worldwide, the market is expected to reach a worth of about US$ 2.6 Billion by the end of 2032, with a projected CAGR of 16.3% from 2022 to 2032. From 2015 to 2021, the Staffing Software Market experienced a growth of 18.1%.
| Attributes | Details |
|---|---|
| Global Staffing Software Market Size (2021) | US $ 488.5 Million |
| Global Staffing Software Market Size (2022) | US $ 576 Million |
| Global Staffing Software Market Size (2032) | US $ 2.6 Billion |
| Global Staffing Software Market Growth Rate (2022 to 2032) | 16.3% CAGR |
| United States Staffing Software Market Growth Rate (2022 to 2032) | 16.0% CAGR |
| Key Companies Profiled |
|
Professional staffing organizations can track applications, manage prospects during the hiring process, and identify the required candidate with the help of staffing software. Business organizations can successfully manage a huge number of job candidates with the help of this software. The market for staffing software is expanding rapidly because of its features like scalability and flexibility that make it easier to track candidates. Worldwide, staffing agencies use various staffing software to increase their hiring efficiency. Additionally, the majority of top companies and HR departments use staffing software to manage their own office staff as it helps in boosting total productivity.
One of the key factors propelling the growth of the staffing software market is the rising use of staffing software by professional staffing firms for effective recruiting processes globally. In addition to this, the growing digitalization and technical advancements in developing nations around the world are important factors promoting the expansion of the worldwide staffing software market. Also, the industry's growth is expected to be boosted in the near future as Staffing Software is continuously improving its features in response to consumer demand.
Although staffing software is becoming more important everywhere, technical problems and data security are two of the key obstacles that may slow down the expansion of the global staffing software industry over the next ten years. Additionally, since most staffing software is keyword-dependent and is made to find the specific individuals that the organization is looking for, therefore there is a considerable chance that they may overlook candidates that could be excellent. Small businesses often cannot afford staffing software, which negatively impacts the market's expansion even more.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
North America holds the largest market for Staffing Software. The United States and Canada account for the maximum market share in the region. With the increasing hiring rate and the increasing number of internet users in the region, the opportunities for Staffing Software in the region have been increasing.
In 2020, the level of social networking usage in the United States rose by 70%. The country's inward focus on the Internet and social media platforms further increased the use of online hiring around North America in a bid to attract the most qualified candidates for the most specific job openings in the region. This in turn has been increasing the demand for staffing software by organizations to increase the efficiency in hiring.
In January 2022, the unemployment rate in Canada fell to 5.5% from 6.5%. Hence the increase in hiring processes post-pandemic is also pushing many organizations to adapt staffing software, expanding the market in the region.
Both Asia Pacific and Europe contribute a significant share of revenue in the staffing software market and are expected to grow rapidly in the near future. The majority of the Asia Pacific Staffing software market growth is due to developing countries with increasing populations in countries such as China, Japan, and India. According to the World Bank, Asia Pacific represents 50% of the total global workforce, which with the increasing industrialization, increases the demand for Staffing Software in the region to ease the hiring process. China dominates the Asia Pacific Market, followed by Japan.
Around 33% of the Staffing Software market's growth is expected to originate from Europe in the next ten years. The United Kingdom, Germany, and France are the key markets for staffing software in Europe. The Market for Staffing Software in the United Kingdom is expected to be worth US$ 108.8 Million by the year 2032 with an expected absolute dollar growth of US$ 82.4 Million. The market in the United Kingdom previously experienced a CAGR of 17.0% from the year 2015 to 2021 and is expected to experience a CAGR of 15.2% in the next ten years, from the year 2022 to 2032.
The United States has the largest market for Staffing Software, which is projected to reach a valuation of US$ 927.9 Million by 2032. From 2015 to 2021, the market in the USA grew at a CAGR of 17.8%. Between 2022 and 2032, the United States is expected to be a market with a US $ 718.3 Million absolute dollar opportunity.
The United States was one of the worst hit countries by Covid-19. But post-pandemic, the United States witnessed a more-than-expected increase in job openings. The hiring rate in the USA was 4% in February 2021. Monster’s Future of Work Report says that 82% of USA employers planned to hire new employees during the year 2021. The survey also reflects that 70% of USA employers use artificial intelligence technology for conducting about half of their hiring process. Thus, the Staffing Software market has ample opportunities in the United States.
China is one of the most promising markets for Staffing Software after the United States. The market in the country is expected to reach a valuation of US$ 181.2 Million by 2032. The Chinese Market for Staffing Software has previously experienced a CAGR of 17.4% from the year 2015 to 2021. And is predicted to experience a CAGR of 15.7% in the next ten years. By 2032, China is expected to be a market with an absolute dollar opportunity of US$ 139 Million.
Although the expansion rate of staffing and hiring software in China is less than 50% than that in Europe and the USA, it has been growing rapidly in recent years. As of 2020, there are 17 artificial intelligence-based staffing start-ups in China, along with several global key players present in the Staffing Software Market.
Principal Consultant
Cloud deployment generates the maximum demand for Staffing Software. Revenue through this segment experienced a CAGR of 17.9% from the year 2015 to 2021 and is expected to further grow at a CAGR of 16.1% from the year 2022 to 2032
The demand for cloud-based staffing software is increasing with the increasing use of smartphones in several offices. Especially among small and medium-sized enterprises due to the high productivity rate and low cost involved. Cloud-based staffing software cost 46% less than on-premises solutions.
Large Enterprises generate the maximum revenue in the Staffing Software Market. Revenue generated through this segment experienced a CAGR of 17.7% from 2015 to 2017 and in the future, the market is expected to experience a CAGR of 15.9% from 2022 to 2032.
Post-pandemic, several large organizations have changed their way of operation for the better, offering remote flexibility, employee assistance programs, and reduced office hours. Over 98% of Fortune 500 companies use staffing software and applicant tracking systems. This increases the demand for Staffing Software in large companies around the globe.
The Staffing Software market is highly competitive and has numerous players. To dominate the competitive market, key players have been distinguishing their services through clear and unique value propositions.
The key companies operating in the Staffing Software Market include Job Diva, Zoho Recruit, Vincere, Bullhorn, CATS, PCRecruiter, AkkenCloud, JobAdder, Recruiterbox, COMPAS, Hired, Big Biller, Broadbean, Crelate.
Some of the recent developments by the key providers of Staffing Software are as follows:
In June 2022, Asurint announced its partnership with AkkenCloud for the staffing industry. The company’s pre-employment background screening services will be effortlessly combined with AkkenCloud’s Staffing Software, onboarding, and management tool.
In June 2022, JobDiva announced a new integration with CloudCall, a computer telephony integration (CTI) designed for CRM. This system will enable recruiters to keep track of their phone interactions in one place.
In May 2022, ACA reporting and compliance leader SyncStream Solutions, LLC, announced its partnership with AkkenCloud. The partnership will allow AkkenCloud clients to take advantage of business incentives and recovery programs through SyncStream’s integrated tax credit solution powered by their new parent company, OnCentive.
In November 2021, Bullhorn announced that it has acquired cube19, a longstanding Bullhorn Marketplace partner for the Bullhorn platform. The combination of cube19’s analytics suites and Bullhorn delivers real-time, actionable insights to business executives where operational leaders will help them achieve highly scalable growth.
In June 2021, Bullhorn announced the launch of a unified, self-service, mobile-first candidate experience solution called Bullhorn Connect.
In May 2021, Crelate makers of a flexible recruitment platform for modern talent-focused businesses announced the expansion of their suite of industry-recognized products called Crelate Omni. The integrated software platform includes advanced middle and back-office offerings, Crelate Hire and Crelate Deliver, which join Crelate Recruit, the company's flagship applicant tracking and Recruiting CRM solution.
In December 2020, JobDiva announced an integration with Glider, a competency-based hiring platform for the contingent workforce. This integration provides mutual clients the ability to invite candidates to take Glider assessments, view assessment reports, and manage the screening process directly from the JobDiva interface.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global Staffing Software Market was valued at US $ 488.5 Million in 2021.
Over the projected period, the Staffing Software Market is expected to increase at a CAGR of 16.3% reaching a value of US $ 2.6 Billion by 2032.
One of the prominent trends in the staffing software market is the involvement of artificial intelligence in them which has been adding significant revenues to the market.
The Staffing Software Market expanded by 18.1% from 2015 through 2021.
Cloud deployment generates the maximum demand in the Staffing Software Industry. Revenue through this segment expanded at a CAGR of 17.9% from 2015 to 2021 and is projected to grow at a CAGR of 16.1% by 2032.
Job Diva, Zoho Recruit, Vincere, Bullhorn, AkkenCloud, JobAdder, Big Biller, Broadbean, and Crelate, are some of the key players in the Staffing Software Industry.
The United States, United Kingdom, China, Japan, and South Korea are expected to drive the Staffing Software most.
The United States accounts for the largest market for Staffing Software.
1. Executive Summary | Staffing Software Market 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Million) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Market (US$ Million) 4.2. Market Opportunity Assessment (US$ Million) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in Optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Market Growth 4.5.3. Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 6.1. Historical Market Analysis, 2015 to 2021 6.2. Current and Future Market Projections, 2022 to 2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute Opportunity Analysis 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Deployment 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Deployment, 2015 to 2021 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment, 2022 to 2032 8.3.1. Cloud Based 8.3.2. Web Based 8.4. Market Attractiveness Analysis By Deployment 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Enterprise Size 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Enterprise Size, 2015 to 2021 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Enterprise Size, 2022 to 2032 9.3.1. Large Enterprises 9.3.2. SMEs 9.4. Market Attractiveness Analysis By Enterprise Size 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 10.1. Introduction 10.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021 10.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 11.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 11.4.1. By Country 11.4.1.1. United States of America 11.4.1.2. Canada 11.4.1.3. Rest of North America 11.4.2. By Deployment 11.4.3. By Enterprise Size 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Deployment 11.5.3. By Enterprise Size 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 12.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Deployment 12.4.3. By Enterprise Size 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Deployment 12.5.3. By Enterprise Size 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. United Kingdom 13.4.1.4. Italy 13.4.1.5. Benelux 13.4.1.6. Nordic Countries 13.4.1.7. Rest of Europe 13.4.2. By Deployment 13.4.3. By Enterprise Size 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Deployment 13.5.3. By Enterprise Size 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.1.4. Rest of Asia Pacific 14.4.2. By Deployment 14.4.3. By Enterprise Size 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Deployment 14.5.3. By Enterprise Size 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Turkey 15.4.1.4. Rest of Middle East and Africa 15.4.2. By Deployment 15.4.3. By Enterprise Size 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Deployment 15.5.3. By Enterprise Size 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.2.2.1. By Deployment 16.2.2.2. By Enterprise Size 16.3. Canada Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.3.2.1. By Deployment 16.3.2.2. By Enterprise Size 16.4. Mexico Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.4.2.1. By Deployment 16.4.2.2. By Enterprise Size 16.5. Brazil Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.5.2.1. By Deployment 16.5.2.2. By Enterprise Size 16.6. Germany Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.6.2.1. By Deployment 16.6.2.2. By Enterprise Size 16.7. France Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.7.2.1. By Deployment 16.7.2.2. By Enterprise Size 16.8. Italy Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.8.2.1. By Deployment 16.8.2.2. By Enterprise Size 16.9. BENELUX Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.9.2.1. By Deployment 16.9.2.2. By Enterprise Size 16.10. UK Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.10.2.1. By Deployment 16.10.2.2. By Enterprise Size 16.11. Nordic Countries Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.11.2.1. By Deployment 16.11.2.2. By Enterprise Size 16.12. China Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.12.2.1. By Deployment 16.12.2.2. By Enterprise Size 16.13. Japan Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.13.2.1. By Deployment 16.13.2.2. By Enterprise Size 16.14. South Korea Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.14.2.1. By Deployment 16.14.2.2. By Enterprise Size 16.15. GCC Countries Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.15.2.1. By Deployment 16.15.2.2. By Enterprise Size 16.16. South Africa Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.16.2.1. By Deployment 16.16.2.2. By Enterprise Size 16.17. Turkey Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.17.2.1. By Deployment 16.17.2.2. By Enterprise Size 16.17.3. Competition Landscape and Player Concentration in the Country 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 17.4.1. By Regional Footprint of Players 17.4.2. Product Footprint by Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. Job Diva 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Sales Footprint 18.3.1.4. Strategy Overview 18.3.2. Zoho Recruit 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Sales Footprint 18.3.2.4. Strategy Overview 18.3.3. Vincere 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Sales Footprint 18.3.3.4. Strategy Overview 18.3.4. BullhorN 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Sales Footprint 18.3.4.4. Strategy Overview 18.3.5. CATS 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Sales Footprint 18.3.5.4. Strategy Overview 18.3.6. PCRecruiter 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Sales Footprint 18.3.6.4. Strategy Overview 18.3.7. AkkenCloud 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Sales Footprint 18.3.7.4. Strategy Overview 18.3.8. JobAdder 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Sales Footprint 18.3.8.4. Strategy Overview 18.3.9. Recruiterbox 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Sales Footprint 18.3.9.4. Strategy Overview 18.3.10. COMPAS 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Sales Footprint 18.3.10.4. Strategy Overview 18.3.11. Hired 18.3.11.1. Overview 18.3.11.2. Product Portfolio 18.3.11.3. Sales Footprint 18.3.11.4. Strategy Overview 18.3.12. Big Biller 18.3.12.1. Overview 18.3.12.2. Product Portfolio 18.3.12.3. Sales Footprint 18.3.12.4. Strategy Overview 18.3.13. Broadbean 18.3.13.1. Overview 18.3.13.2. Product Portfolio 18.3.13.3. Sales Footprint 18.3.13.4. Strategy Overview 18.3.14. Crelate 18.3.14.1. Overview 18.3.14.2. Product Portfolio 18.3.14.3. Sales Footprint 18.3.14.4. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
Explore Technology Insights
View Reports
Staffing Software Market
