GITNUX MARKETDATA REPORT 2024

Talent Acquisition Software Industry Statistics

The Talent Acquisition Software Industry is expected to grow at a fast pace due to the increasing demand for more efficient and data-driven recruiting solutions.

Statistic 1

"94% of talent professionals say that using recruiting software has improved their hiring process."

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Statistic 2

"55% of talent professionals list ‘insights and analytics’ as the top feature they want in talent acquisition tools."

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Statistic 3

"Global talent acquisition software market is estimated to grow at a CAGR of 8.50% by 2023."

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Statistic 4

"64% of recruiters consider passive candidates to be higher quality than active candidates hence the need for advanced software."

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Statistic 5

"The global talent acquisition software market is expected to reach approximately USD 9.16 billion by 2027."

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Statistic 6

"Talent acquisition software saves an average of 20 hours of work per week."

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Statistic 7

"About 58% of businesses plan to adopt recruitment process outsourcing, hence a drive for better talent acquisition software."

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Statistic 8

"69% of recruiters reported their hiring process improved using a mobile recruiting software platform."

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Statistic 9

"The North American region held the largest market share in the talent acquisition software industry at 43%."

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Statistic 10

"86% of recruiters believe that Applicant Tracking Systems (ATS) have helped them hire faster."

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Statistic 11

"Most companies (75%) use some form of recruitment software."

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Statistic 12

"Job requisitions for tech positions take 66 days to fill, the longest of any industry, hence the need for enhanced software."

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Statistic 13

"Candidates sourced through referrals are hired 55% faster than those sourced through career sites."

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Statistic 14

"Companies save $20,000 on average for each job that is not sourced through a staffing agency, hence the drive for in-house recruiting software."

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Statistic 15

"Only 5-10% of career site visitors apply for a job."

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Statistic 16

"Applicant tracking systems eliminate about 75% of the applicants for a given role."

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Statistic 17

"A company with 10,000 employees can save $1.7 million yearly by improving the automation of their talent acquisition process."

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