RECRUITMENT SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In May 2024, Oracle, a leading provider of enterprise software and cloud computing solutions, introduced Oracle Grow for Business Leaders, an AI-powered upskilling solution within the Oracle ME employee experience platform. This innovative offering aims to empower business leaders and HR teams to align employee skills and development with evolving business priorities and outcomes.
• In January 2024, Ceridian, a global leader in human capital management (HCM) technology, announced the acquisition of eloomi, a leading learning experience platform software provider based in Copenhagen, Denmark, and Orlando, Florida. The acquisition, expected to close in Q1 2024, will be funded with existing balance sheet cash and aims to provide Ceridian's customers with more engaging learning and development experiences, AI-driven content creation, and extended enterprise learning capabilities.
• In December 2022, Asia Healthcare Holdings (AHH), a leading single-specialty healthcare delivery platform in Asia, partnered with HROne, a prominent HR automation solution provider, to streamline and automate its human resources operations across its portfolio of enterprises.
• In October 2022, Oracle, a leading provider of enterprise software and cloud computing solutions, launched Oracle Recruiting Booster, a talent acquisition solution designed to assist HR and talent acquisition teams in enhancing engagement with candidates, creating communities of top talent, enabling faster recruitment processes, and providing a personalized experience for each candidate.
• In February 2020, Kronos Incorporated, a leading provider of workforce management and human capital management cloud solutions, and Ultimate Software, a global leader in cloud human capital management and employee experience solutions, announced a merger to create one of the world's largest cloud companies in the HCM space. The combined entity, which officially launched on April 1, 2020 and later rebranded as UKG (Ultimate Kronos Group), aims to leverage the increasing trend of cloud adoption by organizations seeking effective workforce management and HCM solutions.