How big is the hiring software market | Value, Segments & Trends 2025

Q: What is the current size of the hiring software market?

The hiring software market was valued at USD 3.2 billion in 2024 and is projected to reach USD 6.1 billion by 2031.

Q: What is the expected growth rate of the market?

The market is expected to grow at a CAGR of 9.6% from 2025 to 2031.

Q: Which technologies are transforming the hiring software market?

AI, machine learning, video interviews, NLP, and cloud computing are key technologies.

Q: Which companies are leading in the hiring software industry?

Major players include Workday, SAP, Oracle, iCIMS, and Greenhouse.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6246

Publication Date: Jul 2025

How big is the Hiring Software Market?

According to 6Wresearch internal database and industry insights, the hiring software market was valued at USD 3.2 billion in 2024 and is projected to reach USD 6.1 billion by 2031, growing at a CAGR of 9.6% during the forecast period.

This growth is driven by the increasing adoption of AI-driven recruitment solutions, demand for remote hiring tools, and rising automation in talent acquisition across global enterprises.

Key Growth Drivers of the Hiring Software Market

Rising demand for streamlined recruitment processes
Growing adoption of remote and hybrid work models
Integration of AI, machine learning, and predictive analytics
Increased usage of video interviewing and applicant tracking systems
Cost and time efficiency offered by cloud-based hiring platforms

Hiring Software Market Trends

The hiring software market is facing a tremendous change, which is caused not only by technological advancements but also by the changes in HR practice. With the current popularization of AI and automation in screening resumes, making candidates matches with their job roles, and even using chatbots to conduct introductory stages of interviews, one of the most noticeable tendencies remains so. HR leaders are able to make decisions based on the use of predictive analytics, which are aimed at forecasting the success of candidates and employee retention. The other significant trend is the emergence of mobile-first recruitment.

Emerging Developments in the Hiring Software Market

Vendors are also incorporating the features of natural language processing (NLP) and resume parsing to shortlist better. The subscription model is enabling tools and making them affordable to SMBs and startups through SaaS. The future of recruiting platforms is all about partnerships with an HR tech ecosystem, LMS (Learning Management Systems), and predictive hiring analytics.