Tuesday, November 10th, 2020 - The Insight Partners

According to the new research report titled “Diversity Recruiting Software Market Forecast to 2027 – COVID-19 Impact and Analysis,” published by The Insight Partners, the global diversity recruiting software market is expected to reach US$ 709.5 million by 2027, registering a CAGR of 9.4% during 2020–2027, the forecast period considered in the report. The scope of study involves understanding the factors contributing to the growth of the diversity recruiting software market; it also includes estimation and forecast of the revenues as well as market size analysis, along with spotting significant market players and their key developments.

Impact of COVID-19 Pandemic on Diversity Recruiting Software Market

According to the Data Covid-19 Impact Survey, conducted in North America and the UK in May and June 2020, 30% of employees and recruiting professionals reported that their businesses are doing better as they did last year. Other highlights of the survey also showed that 42% of recruiters across North America and the UK say their internal workforce has not been reduced.

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Increasing Popularity of Mobile Recruitment Fueling Diversity Recruiting Software Market Growth

Mobile Recruitment enables the recruiters and hiring teams to manage the recruitment process from anywhere with the help of mobile device. It is possible to schedule interviews, provide internal feedback, and communicate with the candidates remotely. 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 introducing new methods 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. Thus, increasing popularity of mobile recruitment is one of the major factors driving the growth of diversity recruiting software market.

Strategic Insights

The diversity recruiting software market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  •     In 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 2019, GR8 People announced a launch of real-time intelligent personalization to help, inform, and engage candidates with the help of AI-driven features that result in a more candidate-centric career website experience.

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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)




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