The Job Description Management Software Market revenues was held at US$ 623 Mn in 2021 and is anticipated to grow at a CAGR of 7.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 1.3 Bn.
Businesses are increasingly adopting cloud-based deployment solutions as a result of technological advancements. As a result, vendors are developing cloud-based job description management software. The demand for job description management software solutions and services has increased among small and medium-sized businesses due to benefits such as flexibility, cost-effectiveness, and mobility. Cloud-based services include data backup, data security, and system upgrades. As a result, as more corporations adopt cloud-based solutions, the market is expected to grow.
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As the IT and telecommunications industries have grown, so has the use of cloud-based job description software platforms. In 2018, around 50% of enterprises with more than 1,000 users in the United States used Cloud Access Security Broker (CASB) products to monitor and manage their use of software as a service and other forms of public cloud, according to the International Trade Administration. Due to its increased flexibility and scalability, cloud computing has become increasingly popular in recent years, providing businesses with a well-organized CMS platform.
Businesses and recruitment agencies are increasingly incorporating artificial intelligence (AI) into job description management software. AI-enabled job description management solutions can help businesses automate the recruitment process, increase the rate of quality hires, and cut down on time spent on mundane tasks. Additionally, AI technologies are responsible for lowering overall recruitment costs. As a result, the market for job description management software is expected to grow as AI adoption grows.
Some of the prominent players in the global job description management software market inlcude Salary.com, Saba Software, Hierology, Insperity, Textio Hire, Human Resource Systems Group, JDXpert, and Hrizons LLC
Some of the key developments in Job Description Software Market include:
- In March 2022, Hireology and JM&A Group partnered to assist dealers in recruiting and retaining top talent. Together, the two organizations will assist dealers in hiring qualified talent more quickly, maintaining appropriate job descriptions, and ensuring that their growth and development continues throughout their employment.
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Future Market Insights, in its new offering, presents an unbiased analysis of the Job Description Management Software Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Job Description Management Software Market by Deployment Mode (Cloud-based & Web-based), by Enterprise Size (Large Enterprises, SMEs), By Application (IT and Telecom, BFSI, Government Offices, Manufacturing, Construction and Mining & Others) & across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Market Segments Covered in Job Description Management Software Market Analysis
By Deployment Mode:
By Enterprise Sizes:
- Large Enterprises
- IT and Telecom
- Government Offices
- Construction and Mining
- North America
- Latin America