Recruit Holdings Strengths, Domain Expertise, and Key Differentiators
Recruit Holdings Co., Ltd. is a Japan-based holding company engaged in the provision of recruitment advertising, sales promotion and staffing services. The Company operates in three business segments. The Human Resources (HR) Technology segment consists of the online job information specialized search Website Indeed, the online job advertisement and corporate information Website Glassdoor and supports the user's job search and recruitment activities. The Media & Solutions segment consists of sales promotion area and human resources area. In the sales promotion area, the Company provides services and improve management and business efficiency in the housing, marriage, travel, food and drink, as well as beauty fields. In the area of human resources, the Company provides services that support user job search activities and client recruiting activities using the Company's media. The Staffing segment consists of the domestic dispatching area and the overseas dispatching area.
Recruit Holdings Recent Developments
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
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
Ownership: - TYO: 6098
Number of Employees: 51757
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K425, 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 Cloud and HCM Applications
Recruit Holdings HCM and Cloud HCM Applications Revenues, $M:
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* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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:
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Recruit Holdings HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Recruit Holdings HCM Applications Revenues By Verticals, $M:
Recruit Holdings Total and HCM Applications Revenues by Region:
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Recruit Holdings Direct vs Indirect sales
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Recruit Holdings Customers - Breakdown by Geo, Size, Vertical and Product
No. of Recruit Holdings Customers: x
No. of Recruit Holdings HCM Applications Customers: x
No. of Recruit Holdings Cloud HCM Customers: x
No. of Recruit Holdings Cloud HCM Subscribers: x
The Company estimates as of March 31, 2020 there to be approximately 2.9 million business locations and stores18 in Japan at which the current offerings of SaaS solutions called Air BusinessTools can be used, which represents a sizable market opportunity. The number of AirPAY19 accounts, which is driving growth in the overall number of registered accounts, was approximately 281,000 as of March 31, 2022, an increase of 33.6% compared to March 31, 2021. The number of AirPAY accounts is the third largest among Air BusinessTools solutions, after AirREGI and AirWORK ATS, which are offered free of charge.
An increasing number of clients are using AirPAY in combination with other Air BusinessTools solutions such as AirREGI. Among the approximately 281,000 AirPAY registered accounts as of March 31, 2022, approximately 176,000 registered accounts were also subscribed to other Air BusinessTools solutions.
AirWORK ATS is a centralized applicant tracking system which also provides recruitment website design and the posting of job advertisements for free. Job advertisements on AirWORK ATS can be posted on Indeed and other job platforms and sites automatically. The number of AirWORK ATS accounts reached more than 380,000 as of March 31, 2022, an increase of over 100% YoY.
Recruit Holdings Market Opportunities, M&A and Geo Expansions
The Company believes that after experiencing a contraction due to the initial impact of the COVID-19 pandemic in 2020, the size of the global HR Matching increased significantly in 2021 due to global labor market conditions as the size of the HR Matching market tends to be highly correlated with overall economic growth and resulting labor market conditions. The Company expects that the HR Matching market will continue growing beyond 2022, but at a slower rate than the rate experienced during 2021 as labor markets, including employer and job seeker activities and expectations, adjust and normalize after a period of significant growth driven by unprecedented labor market conditions.
Recruit Holdings Risks and Challenges
The market for Recruit Holdings software solutions is highly competitive and subject to change.
Recruit Holdings Ecosystem, Partners, Resellers and SI
The company does mostly direct sales.
Recruit Holdings Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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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