Global Temporary Staffing Software Market Insights Forecasts to 2033

• The Global Temporary Staffing Software Market Size was Valued at USD 3.30 Billion in 2023
• The Market Size is Growing at a CAGR of 10.57% from 2023 to 2033
• The Worldwide Temporary Staffing Software Market Size is Expected to Reach USD 9.01 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Temporary Staffing Software Market Size is Anticipated to Exceed USD 9.01 Billion by 2033, Growing at a CAGR of 10.57% from 2023 to 2033. The growing use of machine learning (ML) and artificial intelligence (AI) technology is one of the main opportunities. Staffing software can provide more complex features including predictive analytics, automatic candidate matching, and intelligent scheduling due to this cutting-edge technology. 

Market Overview

Specialized systems that govern the hiring, assigning, and overseeing of temporary or contingent workers are known as temporary staffing software. This software is used by enterprises and staffing firms to effectively hire and manage temporary workers. Software for temporary workers appears to have a bright future due to technological advancements and shifting labor practices. The utility of staffing software is expected to improve through machine learning for better recruitment findings, chatbots for candidate engagement, and natural language processing. The growing temporary economy, technical developments like cloud computing and artificial intelligence, and the growing need for flexible workforce solutions are all expected to drive growth by improving the opportunities for the temporary staffing software market. The market for temporary staffing software is primarily driven by the growing demand for workforce management flexibility.      

Challenges

To remain relevant, providers need to constantly develop and upgrade their solutions due to the quick speed of technology changes. Market challenges include losing market share and being less competitive to keep up with new technology and client expectations.

Report Coverage

This research report categorizes the temporary staffing software market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the temporary staffing software market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the temporary staffing software market.

Driving Factors

The temporary staffing software market is anticipated to be significantly driven by the growing need for artificial intelligence (AI). By automating repetitive tasks and boosting the effectiveness of hiring procedures, artificial intelligence (AI) technologies improve the usefulness of the temporary staffing software market. The temporary staffing software market has increased significantly due to the growing need for flexible workforce solutions in a variety of industries. Emerging technologies like cloud computing, machine learning, and artificial intelligence are anticipated to drive market expansion by improving the features of the temporary staffing software market.      

Restraining Factors

The growth of the temporary staffing software market can be restricted by growing worries about data security and privacy.

Market Segmentation

The temporary staffing software market share is classified into deployment mode and application.  

• The cloud-based (SaaS) segment is estimated to hold the largest market revenue share through the projected period.  

Based on the deployment mode, the temporary staffing software market is classified into on-premises, cloud-based (SaaS), and hybrid. Among these, the cloud-based (SaaS) segment is estimated to hold the largest market revenue share through the projected period. The market for temporary staffing software is anticipated to develop as a result of the increasing use of cloud-based (SaaS) software. The cloud-based software has several benefits, such as reduced upfront costs, scalability, and accessibility from any location.   

• The applicant tracking system (ATS) segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the temporary staffing software market is divided into applicant tracking system (ATS), vendor management system (VMS), workforce management, payroll and billing, and talent management. Among these, the applicant tracking system (ATS) segment is anticipated to hold the largest market share through the forecast period. The increasing need for applicant tracking system (ATS) solutions makes it simpler to handle large application volumes and fill temporary positions by automating resume screening, job postings, and candidate communication.    

Regional Segment Analysis of the Temporary Staffing Software Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the temporary staffing software market over the predicted timeframe.

North America is anticipated to hold the largest share of the temporary staffing software market over the predicted timeframe. North America investments in cutting-edge technologies like cloud computing, machine learning, and artificial intelligence improve the market for temporary staffing software functionality and performance. Using innovative staffing software solutions is driven by North America enterprises tech-savvy mindset and concentration on digital transformation.    

Asia Pacific is expected to grow at the fastest CAGR growth of the temporary staffing software market during the forecast period. Asia-Pacific Regional companies and staffing agencies need advanced software solutions to effectively manage a diversified and adaptable workforce due to the rise in contract and freelance work in the market.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the temporary staffing software market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• OpenAI
• Bullhorn
• StaffSuite
• ADP
• Gusto
• Kronos
• Paycor
• BambooHR
• Lumina Software
• Workday
• Zenefits
• Others   

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2024, the artificial intelligence research and development firm OpenAI announced a new model called "o1" with sophisticated reasoning powers. This advancement could further simplify non-human staffing responsibilities like hiring and pave the way for a new generation of autonomous AI agents. 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the temporary staffing software market based on the below-mentioned segments: 

Global Temporary Staffing Software Market, By Deployment Mode  

• One Premises
• Cloud Based (SaaS)
• Hybrid

Global Temporary Staffing Software Market, By Application

• Applicant Tracking System (ATS)
• Vendor Management System (VMS)
• Workforce Management
• Payroll and Billing
• Talent Management

Global Temporary Staffing Software Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa