Technical Recruitment Platforms Market – Introduction
- Technical recruitment platforms are majorly used by professional recruitment associations and technology-based companies to manage recruitment activities for enterprises. Companies use technical recruitment platforms for hiring, attracting, and retaining the employees to maintain the workflow within the company.
- The technical recruitment platform helps to track and maintain confidential data related to employees such as their technical education and certification records, financial records, residential address, and other personal information.
- Employee management service providers use the technical recruitment platform to provide contract-based employees to IT companies and other technology-based companies. Recruiting firms and consulting companies are majorly using technical recruitment platforms to maintain the employee and candidate records.
- Increasing demand for recruitment platforms to manage the needs of technical professionals among different industries is expected to provide opportunities for solution providers and managed to recruitment service providers.
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Key Drivers of the Technical Recruitment Platforms Market
- Increasing demand for software platforms to automate and simplify recruitment tasks such as hiring and registrations are expected to drive the growth of the technical recruitment platforms market. Solution providers offer cloud-based platforms to secure the enterprise data and allow users to access information from anywhere. The cloud-based solution is expected to boost the demand for technical recruitment platforms during the forecast period.
- Adoption of new technology is anticipated to create business opportunity for solution providers to offer the solution for easy registration, information access, and employee management.
Availability of different open source software versions expected to hinder the market
- Several recruitment platform providing companies are offering open source platforms for businesses and organizations to manage employee details and data management of employees which may restrain the market growth of technical recruitment platforms.
- Small scale recruitment organizations adopt the free version available on the internet to manage organization functions and to reduce operational expenses.
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Impact of COVID-19 on the Global Technical Recruitment Platforms Market
- In 2020, the global technology market is expected to face financial downfall due to coronavirus infected nations across the globe. Globally, small & medium enterprise businesses have been hugely impacted by coronavirus. The market is expected to show growth opportunities after the 2020 financial crisis.
- Demand for technical recruitment platforms is expected to increase in IT sectors to manage technical vacancies and technical professionals for specific project demands. Consulting companies are creating a large database for the employee recruitment process; thus, managed recruitment service providing companies require the recruitment management software to manage all contact details of employees or candidates.
North America to Hold Major Share of the Global Technical Recruitment Platforms Market
- North America holds prominent share of the technical recruitment platforms market due to the presence of major solution providers in the region and adoption of technical recruitment platforms by organizations to manage technical professional requirements.
- The technical recruitment platforms market in Asia Pacific is expected to expand at a prominent growth rate during the forecast period due to increasing number of technologically advanced software and solutions in employee management by companies and organizations.
Key Players Operating in the Global Technical Recruitment Platforms Market
- Accenture, plc.
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, enhance business results through industry-specific solutions; and serve clients in communications, electronics, high technology, media, and entertainment industries.
- Cognizant Technology Solutions Corporation
Cognizant Technology Solutions Corp. provides information technology, consulting, and business process outsourcing services. It operates through the following segments: financial services; healthcare; manufacturing, retail and logistics, and other. The financial services segment provides banking/ transaction processing, capital markets, and insurance services. The manufacturing, retail and logistics segment comprises manufacturers, retailers, and customers providing logistics services.
Other key players operating in the global technical recruitment platforms market include Taleo Corporation, SAP SE, Ceridian HCM, Inc., IBM Corporation, PeopleAdmin, Inc. and SumTotal Systems, Inc.
Global Technical Recruitment Platforms Market: Research Scope
Global Technical Recruitment Platforms Market, by Component
- Software
- On-premise
- Cloud-based
- Services
- Consulting
- Implementation & Integration
- Support & Maintenance
Global Technical Recruitment Platforms Market, by Enterprise Size
- Small & Medium Enterprise
- Large Enterprises
Global Technical Recruitment Platforms Market, by End-user
- BFSI
- Healthcare
- Manufacturing
- Hospitality
- Education
- Media & Entertainment
- Others
Global Technical Recruitment Platforms Market Segmentation, by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Nordic
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Malaysia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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