Diversity Recruiting Software Market Size, Trends and Growth Analysis by 2027

Diversity recruiting focuses on hiring individuals based on their qualifications while ensuring that the recruitment process is devoid of biases related to age, race, religion, gender, and other personal attributes that do not pertain to job performance. The implementation of diversity and inclusion initiatives has been shown to yield numerous advantages, such as enhanced employee satisfaction, improved productivity, and higher retention rates. Furthermore, since the introduction of the European Union's General Data Protection Regulation (GDPR) in May 2018, considerations around employee data have become inextricably linked to data protection. For recruitment technology providers that handle personal data, ensuring data security has emerged as a critical issue. The growing use of cloud-based platforms, along with mobile recruitment systems, is a significant factor driving the expansion of this market. Organizations are increasingly utilizing automated resume screening technologies powered by artificial intelligence (AI) to evaluate candidates' skills and experiences. However, the COVID-19 pandemic has forced businesses to confront challenging decisions regarding how to adapt to this monumental shift, resulting in an overnight transformation of hiring practices. These elements are anticipated to hinder market growth throughout 2020 and into mid-2021.

The market for diversity recruiting software is categorized based on deployment methods and the size of enterprises. In terms of deployment, the market is divided into on-premise solutions and cloud-based options. When considering enterprise size, the market is segmented into small and medium-sized enterprises (SMEs) and large corporations. Key players in the diversity recruiting software market include Be Applied Ltd, Eightfold AI, Inc., Entelo, GR8 People, Inc., Greenhouse Software, Inc., Hiretual, HiringSolved, Plum, Inc., Pymetrics, and SeekOut.

The global market size for diversity recruiting software has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aims to provide an overview and forecast for the diversity recruiting software market across all segments. Additionally, numerous primary interviews have been conducted with industry stakeholders and experts to validate the findings and gain deeper analytical insights into the subject matter. Participants in this research typically include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and thought leaders specializing in the diversity recruiting software sector.