The Global Talent Acquisition Software Market is expected to grow from USD 1,712.47 million in 2018 to USD 3,175 million by 2026 at a CAGR of 8.2% during the forecast period from 2018-2026.
The Global Talent Acquisition Software Market was valued at USD 1,712.47 million in 2018, is projected to reach USD 3,175 million by the end of 2026, exhibiting a CAGR of 8.2%. Increasing demand for real-time employee engagement and fuelling demand for long-term human resources are the major factors attributed to the growth of the talent acquisition software market.
Additionally, significant growth in adoption of cloud-based talent acquisition software and growing emergence of social platform also fuels the demand for talent acquisition software market during the forecast period. The introduction of various other tools which includes candidate searching, advertisement management, candidate relationship management, and integration of LinkedIn and Facebook is also projected to contribute to the growth of the talent acquisition software market during the forecast period.
Talent acquisition software is used for finding as well as acquiring a skilled workforce as per the requirements in organizations. It is a primary process to find specialists, leaders, or future executives for an organization. Talent acquisition inclines to attention on long-term human resources planning as well as finding appropriate applicants for positions that need a very specific skillset. Talent acquisition software helps a company in leveraging video, social, and mobile technologies for handling talent lifecycle and end up with appropriate search of talent. Significant growth in the demand for big data analytics in human resource holds promising growth opportunity for the market.
The major key Vendors includes in the talent acquisition software market are LinkedIn (Microsoft), IBM, Cornerstone OnDemand, SAP, Oracle, Ultimate Software, ADP, iCIMS, Insperity, Upwork, WorkDay, Sage People, Peoplefluent and others.