Global Recruitment Software Market Witnesses New Trends

Online, October 28, 2010 (Newswire.com) - Growing competition in this market is encouraging vendors to offer more integrated services through a suite of solutions. With several consolidations happening in the market, many vendors are looking to increase their market share with such strategies.

TechNavio's analyst says, "Two key trends have encouraged the growth of recruitment software. Integrating of these solutions with social networking sites such as Facebook has added to its popularity. Additionally, now that these solutions are available on a SaaS platform, it will definitely witness increased implementation."

According to TechNavio, the global recruitment software market is forecast to reach $1,279.7 million in 2013 from $745.2 million growing at a CAGR of 14.5%.

With increasing costs of recruitment, employers are looking at solutions to cut costs. Recruitment software has been meeting this need effectively. These solutions are especially popular with small and medium businesses who find recruitment software to be extremely user friendly.

TechNavio has published the report on this subject titled "Global Recruitment Software Market 2009-2013". This report has been prepared based on a study of the global recruitment software market with a focus on region wise trends. Inputs from industry experts, vendors and end users were used in the analysis. The report includes a market size estimate and forecast, market landscape, vendor landscape, drivers, challenges and trends in this market.

For further information on this report please visit: http://www.technavio.com/content/global-recruitment-software-market-2009-2013