GITNUX MARKETDATA REPORT 2024

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."

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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."

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Statistic 3

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

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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."

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Statistic 5

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

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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."

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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."

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Statistic 8

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

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Statistic 9

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

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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."

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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