New York, USA, June 17, 2021 (GLOBE NEWSWIRE) – Market overview:
The globe Reference check software market Generated sales of $ 216.1 million in 2018 and is projected to reach $ 360.3 million at a CAGR of 7.6% by 2025, the latest Market Research Future Report (MRFR) shows. Information on the Global Reference Verification Software Market research report by Type, Application, and Region, Forecast to 2027.
Reference verification software helps companies automate the process of contacting and querying references from job applicants. Such software helps companies to get potential references quickly and efficiently. It’s also used by talent recruiters and hiring managers to find a particular candidate’s background and help them decide whether to hire him or not. With the help of this software, manual phone calls, emails, or other digital methods are eliminated, saving companies time and increasing the demand for reference checking software solutions. The benefits of using this software include verifying the veracity of the information provided by the applicant, verifying that the applicant has a criminal record or background, verifying that the applicant has the right skills for the job, helping with identification of the applicant’s behavior during their time with previous employers and help predict success in the new job.
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Major Dominant Players in the Covered Reference Testing Software Market are:
- Career plug
- Oleeo PLC
- HealthcareSource HR
- SkillSurvey Inc
- Tenancy law
Market USP exclusively comprised:
According to the MRFR report, there are numerous factors driving reference testing software market share. Some of these include the increasing need to simplify reference verification processes, the integration of reference verification into applicant tracking systems, the use of machine learning technologies, the increasing adoption of reference verification software by various industries such as automotive, retail, healthcare and BFSI, and the introduction of new technologies such as artificial intelligence in Reference software. Additional factors driving market growth include the increasing use of reference verification software by large and small and medium-sized businesses to screen candidates’ backgrounds, as well as employment opportunities in various end-user industries.
Search the detailed market research report (92 pages) for the Reference Check Software:
On the contrary, inaccuracies in the reference checking software may limit the growth of the global reference checking software market over the forecast period.
Segmentation of the Market Covered in Research:
The MRFR report sheds a light on a comprehensive analysis of the Reference Testing Software Market based on application and type.
By Type, the global Reference Testing Software Market is segmented into web-based and cloud-based.
Depending on the application, the global reference testing software market is divided into small and medium-sized enterprises (SMB) and large corporations.
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Geographically, the global market for reference test software is divided into Europe, the Asia-Pacific region (APAC), the Middle East and Africa (MEA), North America, and South and Central America.
North America is intended to drive the market for reference testing software
Europe has the second largest share of the reference check software market.
APAC will see significant growth in the reference verification software market
The COVID-19 outbreak has resulted in a dramatic loss of life around the world and poses an unprecedented challenge for the world of work. The loss of jobs is one of the strongest immediate effects of this crisis. This outbreak, and the subsequent nationwide lockdown, changed the landscape of the employment sector. Employees were either laid off or given unpaid leave. Most companies around the world had laid off large numbers of employees due to the closure of their operations. However, it is estimated that in the post-COVID era, companies would largely use reference screening software to make recruiting easier and also to hire potential employees. This also saves resources and time for companies looking to improve efficiency. This, in turn, can have a positive impact on market growth.
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