Recruit Holdings Strengths, Domain Expertise, and Key Differentiators
Recruit Holdings Co., Ltd. operates as a leading provider of recruitment advertising, sales promotion, and staffing services through three distinct business segments. The Human Resources (HR) Technology segment includes flagship platforms such as Indeed and Glassdoor, which specialize in online job information and job advertisement services. These platforms support users in their job search endeavors and facilitate recruitment activities for businesses. The Media & Solutions segment focuses on sales promotion and human resources services. In the sales promotion domain, Recruit Holdings offers services aimed at enhancing management and business efficiency across various sectors including housing, marriage, travel, food and beverage, and beauty industries. Additionally, in the human resources area, the company provides services supporting job search activities for users and recruitment efforts for clients through its media platforms. The Staffing segment encompasses domestic and overseas dispatching services. This division handles the deployment of personnel both domestically and internationally, catering to diverse staffing needs across different industries and regions. Overall, Recruit Holdings' diversified portfolio across these three segments positions it as a robust player in the market, capable of offering comprehensive solutions to meet the evolving needs of both job seekers and businesses.
Recruit Holdings Recent Developments
In July 2023, Glassdoor introduced new community features facilitating authentic and anonymous connections among users and professionals within their company, industry, and beyond. With a 15-year track record of enhancing workplace transparency through millions of ratings, reviews, salaries, and insights, Glassdoor continues to advance its mission of promoting radical transparency in workplaces globally. The launch of a new Glassdoor app and desktop experience enables users to seamlessly toggle between insights, job listings, and workplace discussions, fostering real-time networking, advice, and connections on various topics at the intersection of work and life.
During FY2021, new SaaS solutions were developed and launched including AirWALLET, a digital account management application for individual users equipped with Coin+, a cashless payment brand, and AirWORK ATS, an applicant tracking system for recruitment management. In April 2022, the Company began offering AirCASH, a service allowing business clients to receive cash in exchange for their expected Air PAY accounts receivables.
In 2021, the company has introduced Indeed Hiring Platform, a product that allows employers to manage the hiring process – from posting through interview – directly on Indeed with no additional software.
Recruit Holdings Mergers and Acquisitions (M&A) Activities
Recruit Holdings Co., Ltd. announced today the execution of amended definitive agreements with 51job, Inc. and a consortium of investors on March 1, 2022. These amendments concern the previously disclosed going-private transaction of 51job by Investors and Recruit Holdings Co., Ltd.
The acquisitions of Indeed, Inc. in 2012 and Glassdoor, Inc. in 2018 have led to the successful establishment of its HR Technology SBU, spearheading the growth of the Company as a whole and bringing the number of countries they serve to over 60.
Recruit Holdings Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Recruit Holdings applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Recruit Holdings and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Indeed.com, Glassdoor customers.
Recruit Holdings Overview
1-9-2 Marunouchi Chiyoda-ku
Tokyo, x, 100-6640, Japan
81 3 6835 1111
https://recruit-holdings.com/
Ownership: - TYO: 6098
Number of Employees: 58493
Functional Markets: ERP Services and Operations, HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Recruit Holdings Key Enterprise and Cloud Applications
Indeed.com, Glassdoor
Recruit Holdings Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Recruit Holdings Revenue Breakdown By Type, $M:
Recruit Holdings Enterprise Applications Revenues By Functional Markets, $M:
Recruit Holdings Enterprise Applications Revenues By Verticals, $M:
Recruit Holdings Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Recruit Holdings Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Recruit Holdings Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Recruit Holdings Customers
No. of Recruit Holdings Customers: x
No. of Recruit Holdings Enterprise Applications Customers: x
No. of Recruit Holdings Cloud Customers: x
No. of Recruit Holdings Cloud Subscribers: x
As of March 31, 2020, there were approximately 2.9 million business locations and stores in Japan, presenting a substantial market opportunity for the SaaS solutions offered by Air BusinessTools. The AirPAY platform, a key driver of registered account growth, boasted around 281,000 accounts as of March 31, 2022, marking a significant 33.6% increase compared to the previous year.
Of particular note is the increasing trend of clients integrating AirPAY with other Air BusinessTools solutions such as AirREGI, underscoring the versatility and value proposition of the platform. Among the 281,000 AirPAY registered accounts, approximately 176,000 were also subscribed to other Air BusinessTools solutions, indicating strong cross-selling potential and customer engagement.
Additionally, AirWORK ATS, a centralized applicant tracking system, has experienced remarkable growth, reaching over 380,000 accounts as of March 31, 2022, representing a notable year-over-year increase of over 100%. This surge highlights the platform's effectiveness in recruitment website design and job advertisement placement, further solidifying Air BusinessTools' position in the market.
Recruit Holdings Market Opportunities, M&A and Geo Expansions
The global HR matching market experienced a notable expansion in 2021 following a contraction in 2020 due to the initial impact of the COVID-19 pandemic. This growth was fueled by improved global labor market conditions, which are closely tied to overall economic growth. The company foresees continued growth in the HR matching market beyond 2022, albeit at a slower pace compared to the accelerated growth witnessed in 2021. This slowdown is expected as labor markets adjust and normalize after a period of exceptional growth driven by unprecedented conditions.
Recruit Holdings Risks and Challenges
The competitive landscape in Recruit Holdings' software solutions market is dynamic and prone to rapid changes.
Recruit Holdings Ecosystem, Partners, Resellers and SI
The company does mostly direct sales.
Recruit Holdings Cloud Infrastructure Insights
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- Recruit Holdings Public Cloud and Infrastructure (IaaS)
- Recruit Holdings Platform (PaaS)
- Recruit Holdings Application Delivery
- Recruit Holdings Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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