Staffing Agency Software Market to Hit USD 1,058.9 Million by 2030; EduThrill Inks a Collaboration with Zoho Corporation to Provide Enhanced Solutions

The global staffing agency software market size stood at USD 486.1 million in 2022. The market value is slated to rise from USD 529.4 million in 2023 to USD 1,058.9 million by 2030 at a CAGR of 10.4% during 2023-2030. The rise is driven by the product deployment by small and medium enterprises owing to their scalability and adaptability. The market expansion is further propelled by soaring technological developments.

Fortune Business Insights™ presents this information in its report titled “Staffing Agency Software Market Size, Share & COVID-19 Impact Analysis, By Deployment Model (Cloud and On-premise), By Enterprise Type (Small and Medium-sized Enterprises and Large Enterprises), By End-user (BFSI, Retail & Consumer Goods, IT & Telecommunications, Healthcare, and Others), and Regional Forecast, 2023-2030”.

Coronavirus Pandemic Augmented Industry Share Driven by Upsurge in Cloud Implementation

During the pandemic, several companies adopted work from home culture for maintaining business continuity. The period also recorded the integration of Artificial Intelligence (AI) for the automation of recruitment processes. The technology assists enterprises with predictive analysis. The adoption of cloud and AI in staffing agency software solutions propelled market expansion during the pandemic period.

Avionte Rolled out Mobile Job Board Technology to Secure a Competitive Edge

In April 2023, enterprise staffing software leader Avionte announced the rollout of the Avionte 24/7 MOBILE JOB BOARD. The solution would help staffing enterprises looking for acquiring and engaging new talent.

The JOB BOARD has been designed for seamlessly working as a module within Avionte’s 24/7 Mobile Suite. The solution would enable users to search jobs by skills match, pay, location, and job ID.  

Growing Adoption of Cloud-based Solutions to Propel Industry Growth

One of the pivotal factors propelling the staffing agency software market growth is the increasing adoption of cloud-based solutions in recruitment agencies. The strategy provides flexibility as well as opportunities for enterprises of all sizes. Besides, SaaS solutions allow for immediate upgrades, fostering high levels of production and performance.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/staffing-agency-software-market-106745

Key Industry Players Forge Partnerships to Expand Product Reach

Pivotal market participants are formulating a range of strategic initiatives for the expansion of their geographical footprints. Some of these steps comprise acquisitions, partnerships, and the formation of alliances. Other initiatives include research activities and the development and launch of new products.

Key Players Profiled:

• Zoho Corporation Pvt. Ltd. (India)
• Ramco Systems Ltd (India)
• Bullhorn, Inc (U.S.)
• Avionté (India)
• CEIPAL Corp (U.S.)
• Main Sequence Technology, Inc. (U.S.)
• Vincere (U.K.)
• AkkenCloud (U.S.)
• JobDiva (U.S.)  
• JobAdder (Australia)

Notable Industry Development

• March 2022 – EduThrill entered into a partnership with Zoho Corporation. The deal was aimed at integrating Zoho Recruit and the EduThrill suite of solutions. The EduThrill integration would comprise capabilities such as customizable assessments according to job description, AI/ML-powered proctoring, and others. 

Further Report Findings

• The North America staffing agency software market share is touted to register appreciable expansion over the study period. The escalation is impelled by the rising penetration of advanced technologies such as cloud, AI, and others.
• The Europe market is slated to exhibit a substantial surge over the forecast period. The expansion is propelled by the rising focus of market players on providing customized solutions.
• By type, the market for staffing agency software is segmented into cloud and on-premise. The cloud segment is anticipated to expand at a lucrative pace throughout the estimated period. The growth is propelled by the escalating deployment of cloud-based technologies across various sectors.
• Based on enterprise type, the market is subdivided into small and medium-sized enterprises and large enterprises. The large enterprises segment is anticipated to depict highest CAGR over the study period. The expansion is driven by the increasing product adoption.

Table of Segmentation