According to an analysis report by Future Market Insights, global sales of job description management software in 2023 were held at USD 709.9 million. With 7.4% projected growth from 2023 to 2033, the market is expected to reach a valuation of USD 1454.1 million by 2033. Large Enterprises are expected to be the highest revenue-generating segment in enterprise size, expected to account for a CAGR of 7.4% from 2023 to 2033.
The rise of the IT and telecommunications industries has prompted organizations to adopt cloud computing, resulting in the use of cloud-based job description software platforms. The International Trade Administration claims that 50% of enterprises with more than 1,000 users use Cloud Access Security Broker (CASB) products to monitor and manage their use of software as a service and other forms of public cloud.
Cloud computing has grown in popularity globally in recent years, owing to its increased flexibility and scalability, which has provided businesses with a well-organized CMS platform. With access control and notable security features, the software allows for better tracking of employees' progress and skills throughout their time in the company.
Some of the features of the job description management software platform chosen as a better way of convenience by organizations for their growth and development include improved plans, better employee details, and user-friendliness.
Artificial intelligence (AI) integration into job description management software is growing in popularity among businesses and recruitment agencies. Organizations can use AI-enabled job description management solutions to automate the recruitment process, increase the rate of quality hiring, and reduce the time spent on repetitive tasks.
AI technologies are responsible for reducing the overall cost of recruitment. As a result, rising AI adoption is expected to drive the job description management software market.
American Bar Association President Charlotte Burrows expressed hope that advances in technology may help reduce the social exclusion of individuals with disabilities at an American Bar Association event. Burrows pointed out that the disability scale used by some employers is virtually calculated to discriminate concerning access to jobs and education.
| Attributes | Details |
|---|---|
| Job Description Management Software Market Size (2023) | USD 709.9 million |
| Global Job Description Management Software Market Size (2033) | USD 1454.1 million |
| Global Job Description Management Software Market CAGR (2023 to 2033) | 7.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per the job description management software market research by Future Market Insights, from 2018 to 2022, the market value of the job description management software market increased by around 7.8 % CAGR. With an absolute dollar opportunity of USD 234 million, the market is projected to reach a valuation of USD 1.3 billion expanding at a CAGR of 7.2% from 2023 to 2033.
Businesses are increasingly adopting cloud-based deployment solutions due to technological advancements. As a result, vendors are developing job description management software that can be deployed via cloud platforms.
The demand for job description management software solutions and services has increased among small and medium-sized businesses due to the benefits such as flexibility, cost-effectiveness, and mobility.
North America’s job description management software market is anticipated to experience significant growth during forecast periods. This market is typically explaining candidate and client activity with a web-based recruitment system, making it a handy choice for significantly and efficiently recruiting top-caliber talents.
As a result of introducing the software, job description management has been integrated with recruitment management, core HR, and talent management. On top of that, the software is used to manage personnel management, HRIS management, budgeting planning, labor tracking, and other tasks.
Principal Consultant
The United States dominated the job description management software Market in 2021, with a market size of USD 234 million. During the forecasted period, the job description management software industry's market in the country is expected to thrive at a 7% CAGR.
According to the United Nations Industrial Development Organization, new industrial economies grew by 3% in 2019 compared to 2018. As a result, job description management software applications are becoming popular in the growing end-user industries.
After China, the United States witnessed a 16.6% increase in global manufacturing output in 2018, according to the World Economic Forum. As the manufacturing sector expands, there is a demand for a CMS platform to manage and track the records of workers in these industries. This software application is in high demand in the Human Resource Department of a company to ensure an unaltered recruitment process.
Job description software ensures employee tracking related to their work and performance, which is why end users in the United States are adopting this software tool. These factors have fueled the CMS market's expansion in the country.
The IT & Telecom segment is likely to account for a significant share of the market during the forecast period due to the increased deployment of job description management software to enable enhanced client experience and benefits such as secure transactions and constant access to client databases. Further, because of the increasing importance of re-evaluating strategies and deploying advanced technologies in management processes, revenue through segment is expected to grow during the forecast period.
Based on deployment mode, in 2021, the Cloud-based deployment held the highest revenue share. Cloud based computing has become an important tool for businesses of all sizes in recent years. The cloud-based job description management software platform enables businesses to manage and track their recruitment, development, and retention processes.
Cloud-based job description software is widely used because of the increased demand for jobs around the world. This application allows HR personnel to track all resumes and candidates.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Salary.com, Saba Software, Hierology, Insperity, Textio Hire, Human Resource Systems Group, JDXpert, and Hrizons LLC are among the leading providers of job description management software.
Recent Developments of Key Job Description Management Software Providers
Similarly, recent developments related to companies offering Job Description Management Software have been tracked by the team at Future Market Insights, which are available in the full report.
The projected CAGR of the Job Description Management Software Market by 2033 is 7.4%.
The projected market value by 2033 is USD 1454.1 million.
The market is estimated to secure a valuation of USD 709.9 million in 2023.
The Human Resource(HR) industry is the key consumer of the Job Description Management Software Market.
The opportunities in the Job Description Management Software Market are increased Cloud-based, compliant, data-driven, AI- integrated solutions cater to gig economy.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Mode 5.1. Cloud-based 5.2. Web-based 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Sizes 6.1. Large Enterprises 6.2. SMEs 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. IT and Telecom 7.2. BFSI 7.3. Government Offices 7.4. Manufacturing 7.5. Construction and Mining 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Salary.com 18.2. Saba Software 18.3. Hierology 18.4. Insperity 18.5. Hrizons LLC 18.6. Textio Hire 18.7. Human Resource Systems Group 18.8. JDXpert 18.9. Ongig 18.10. TalVista 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Technology Insights
View Reports
Job Description Management Software Market
