Industry Background:
Diversity recruiting software allows companies to industrialize the procedure of manually sourcing qualified applicant pools for current and future openings. This software benefits HR personnel, hiring managers, and recruitment industry experts to remove unconscious bias throughout the recruiting process. Diversity recruiting software employs artificial intelligence to enhance job descriptions, identify qualified candidates, and exportation full candidate profiles, among other tasks.This growth is primarily driven by Continuous Changes in Workforce Requirement
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Entelo (United States), Plum (Canada), SeekOut (United States), Eightfold.ai (United States), Triplebyte (United States), Cangrade (United States), Hiretual (United States), Ideal (Canada), Hired (United States) and Pymetrics (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
January 2021, SmartRecruiters is committed to fighting racism and discrimination in the recruiting process—that means using the full power as individuals, as an employer, and as a leading provider of recruitment technology to influence wholesale change and to help companies achieve true diversity hiring outcomes.
In Nov 2019, Headstart is leading diversity recruiting solution announced USD 7 Mn with the collaboration of Accenture in the United States region. This investment is led by FoundersX, the Silicon Valley VC specializing in AI. Through this initiative, the company is becoming more competitive in the market, and gain more market share.The market is strongly fragmented by various market players and those are highly focusing on various production technologies, and on improving efficiency and others. There are numerous growth opportunities in the market that can be captured by tracking the ongoing process improvement and enhanced the financial flexibility to invest in market growth strategies.
Influencing Trend:
Mounting Adoption for Cost-Effective Recruitment Methods and Enterprise Brand Exposure as Software Offer Good Platform
Market Growth Drivers:
Continuous Changes in Workforce Requirement and Growing Requirement for Enhanced Communication by Recruiters
Challenges:
Lack of Awareness Among End Users
Restraints:
Slowdown ins Economy
Opportunities:
Implementation of Advanced Technologies Such as Big Data, Predictive Analytics and Blockchain
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Diversity Recruiting Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Diversity Recruiting Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Diversity Recruiting Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Diversity Recruiting Software Study Sheds Light on
The Diversity Recruiting Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Diversity Recruiting Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Diversity Recruiting Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.