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December 15, 2020 PUNE, India, Dec. 15, 2020 /PRNewswire/ The global online recruitment software market was valued at US$ 1071.44 Mn in 2019 and is anticipated to witness a compound annual growth rate of 5.9% over the forecast period.   Applicant tracking systems is among the most prominent solutions adopted by corporates globally. Estimates indicate that about 90% of the large enterprises and 68% of the small and medium businesses (SMBs) have incorporated these solutions to ensure structured hiring procedures. The automation of the processes along with increase in level of efficiency has encouraged its implementation across SMBs. Cloud-based online recruitment solutions is gaining momentum in the global online recruitment software market. Functional benefits such as ease of accessibility and deployment along with economic benefits in terms of limited capital investment is contributing towards the segment s growth, globally.

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