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Artificial Intelligence

Recruitment Software Market by 2025 Worth USD 3,095.8 Million, 7.4% CAGR

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Pune, India, Nov. 09, 2022 (GLOBE NEWSWIRE) — The advent of Artificial Intelligence and machine learning in HR software solutions is expected to bode well for the global recruitment software market, finds Fortune Business Insights in their new study. The study is titled, “Recruitment Software Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.” According to the study, the global recruitment software market will rise at 7.4% CAGR and reach a valuation of US$ 1,753.2 Mn in 2017 to US$ 3,095.8 Mn in 2025.

Currently the implementation and integration services segment holds a major share in the market followed by maintenance and operations and consulting services. In 2017, the implementation and integration services held 35% share in the global market. In the coming years, however, the maintenance and operations services segment is expected to exhibit growth at the fastest rate.

INDUSTRY DEVELOPMENT:

February 2019: Kronos Incorporated announced the expansion of the Workforce Dimensions Technology Partner Network, by introducing new healthcare-focused software providers utilizing the revolutionary workforce dimensions solution and intelligent Kronos D5 platform, to reshape the future of work for healthcare providers and their employees.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/recruitment-software-market-100081

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2018 to 2025
Forecast Period 2018 to 2025 CAGR 7.4%
2025 Value Projection USD 3,095.8 Million
Base Year 2017
Recruitment Software Market Size in 2017 USD 1,753.2 Million
Historical Data for 2014 to 2016
No. of Pages 120

Amplified Acceptance of Cloud-based Solutions to Nurture Market Growth

The wealth management platform market is estimated to demonstrate average growth during pandemic. The market observed a sturdy growth rate as compared to 2020. Also, the bolstered implementation of cloud-based solutions is expected to develop the market towards a greater trail by 2022. The prime companies comprised several business schemes to reorganize the business procedures.

Additionally, lack of attentiveness among organizations concerning the reimbursements of wealth management software is anticipated to strangle end-user growth.

Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.fortunebusinessinsights.com/industry-reports/recruitment-software-market-100081

Implementation of New Recruitment Tools and Software Upgrade to Boost Market

Recruitment software helps to maintain and track of confidential information of employees, such as their home address, financial accounts, social security number, and other related information. With advancements in technology, new features are introduced in HR recruitment software that allow integration of Facebook and LinkedIn, management of advertisement, candidate searching and candidate relationship management. These innovations will bode well for the HR software solutions in future.

Various factors are responsible for the growth of the global recruitment software market. One among them is the rising need for analytics metrics. This, coupled with the growth in geographically diverse talent acquisitions, is fueling demand for applicant tracking. Nowadays companies are focusing on enhancing candidate experience in order to stay among the top competitors in the market.

However, the limited technical expertise in terms of using advanced ATS may restrict growth of the global recruitment software market. This, coupled with, the lack of information and no awareness about applicant tracking system and its benefits hinder the market’s trajectory.

Nevertheless, the rising need to automate the process of recruitment and increasing focus of various companies towards improving candidate experience are likely to bode well for the global recruitment software market. Furthermore, the increasing popularity of mobile recruitment, wherein social recruiting is done from career sites, mobile recruiting applications, and text messages, will also fuel demand for recruitment software in the market in future.

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Regional Insights:

Rising Demand from Service Sectors Boosts Recruitment Software Market in North America

Geographically, both South and North America are expected to share dominance in the global recruitment software market. This growth is attributable to rising demand for recruitment software from service sector. Again, the rise in adoption of different solutions in Silicon Valley is fueling the demand for HR recruitment software solutions. Meanwhile in Europe, the market will exhibit a steady growth due to the collaboration of corporate offices within various industry verticals.

The increasing number of start-ups companies and their rising focus on development of smartphone applications is propelling the recruitment software market in Asia Pacific. The report forecasts the Asia Pacific market to emerge as the fastest growing region during the forecast period. Besides this, rapid industrialization and the increasing need for mobility in emerging economies such as China and India will also boost the market in the years to follow.

Leading Players Are Focusing on Strategic Collaborations to Gain Competitive Advantage

Major market players are focusing on merger and acquisitions to develop impeccable software solutions for HR recruitment services in future. At present, companies are focusing on cross-selling newly added features in their software to other multinational companies. This is also intended at expanding their geographic footprint. Besides this, vendors are focusing on joint ventures and strategic collaborations for expanding their businesses worldwide and remain on top.

List of Key Players Mentioned in the Report:

  • Taleo Corporation (Oracle)
  • SuccessFactors (SAP)
  • Accenture Plc
  • Ceridian HCM Inc.
  • Kenexa Corporation (IBM)
  • Cognizant Technology Solutions
  • Halogen Software Inc.
  • PeopleAdmin
  • SumTotal Systems Inc.
  • Other players

Access Full Report: https://www.fortunebusinessinsights.com/checkout-page/100081

Major Points of Table:

  • Introduction
    •  Research Scope
    •  Market Segmentation
    •  Research Methodology and Assumptions
  •  Executive Summary
  •  Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Global Market Overview
    • Macro and Micro Economic Indicators
    • Emerging Market Trends
    • Industry SWOT Analysis
  • Global Recruitment Software Market Analysis, Insights and Forecast, 2014-2025
    • Definitions
    • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Component
    • Market Analysis, Insights and Forecast – By Service Type
      • Retail
      • IT & Telecom
      • BFSI
      • Manufacturing
      • Healthcare
      • Education
      • Hospitality
      • Media & Entertainment
      • Others (Construction etc.)
    • Market Analysis, Insights and Forecast – By Enterprise Size
      • Small & Medium Enterprise
      • Large Enterprise
    • Market Analysis, Insights and Forecast – By Geography
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

     

    • Solution
      • On Premise
      • Cloud Based
    • Services
      • Consulting
      • Maintenance & Operations
      • Implementation & Integration

TOC Continued…!

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Artificial Intelligence

Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Artificial Intelligence

ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO

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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.

 
 
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.” 
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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