Recruitment Software Industry Statistics

The recruitment software industry is expected to grow significantly in the coming years, with a projected market value of over $3 billion by 2026.

Statistic 1

"Following the onset of the COVID-19 pandemic, 76% of recruiters and hiring managers have adjusted their recruitment strategy, with many using recruitment software to streamline processes."

Sources Icon

Statistic 2

"The global HR recruitment and staffing market is projected to reach USD 114.9 billion by 2023, with recruitment software being a significant factor for this growth."

Sources Icon

Statistic 3

"Two-third of hiring managers expect that the use of AI-driven software will become the norm for recruitment processes."

Sources Icon

Statistic 4

"On average, it takes 42 days to fill an open position, which has led to increased use of recruitment software to expedite the process."

Sources Icon

Statistic 5

"Recruitment software reduces hiring costs by an average of 20%."

Sources Icon

Statistic 6

"More than 60% of job seekers abandoned an application because it was too lengthy or complex - a problem that many recruitment software seek to solve."

Sources Icon

Statistic 7

"40% of HR professionals believe artificial intelligence (AI) will be a regularly accepted part of HR in the next 5 years, driving the development of more sophisticated recruitment software."

Sources Icon

Statistic 8

"More than 50% of companies plan to invest more in AI for recruitment, which indicates growth for the recruitment software industry."

Sources Icon

Statistic 9

"As of 2021, the utilization of recruitment automation software is expected to increase by 3 times."

Sources Icon

Statistic 10

"The average company employing 1,000-9,999 employees is using 7 different recruiting technologies, demonstrating the wide range and sophistication of recruitment software."

Sources Icon

Statistic 11

"Mobile recruiting apps and software have seen an increase of 150% since 2015."

Sources Icon

Statistic 12

"Direct employers believe that recruitment software has improved employee retention by 22%."

Sources Icon

Statistic 13

"The average recruiter is said to read over 300 CVs per year, supporting the need for recruitment software for efficient processing."

Sources Icon

Statistic 14

"Approximately 60% of job seekers report having a poor candidate experience, pushing recruitment software providers to constantly enhance their offerings."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!