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Global Applicant Tracking Systems Market – Industry Trends and Forecast to 2029

ICT

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Global Applicant Tracking Systems Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Feb 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Applicant Tracking Systems Market, By Component (Software, Services), Organisation Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment Type (Cloud, On-Premise), Vertical (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Others), Social Media Integration (Facebook, LinkedIn, Twitter), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029

Applicant Tracking Systems Market

Market Analysis and Insights Global Applicant Tracking Systems Market

Data Bridge Market Research analyses that the applicant tracking systems market will exhibit a CAGR of 8.62% for the forecast period of 2022-2029 and is likely to reach the USD 2.77 billion by 2029.

An applicant tracking system (ATS) is an application that collects and stores resumes in a database to manage an organization's recruitment process. After scanning and indexing resumes, ATS stores them in a database and provides recruiters with an online view of job searchers. To process job applications and manage a huge volume of resume data, the majority of the company uses some form of applicant tracking system application. The data is either retrieved from social networking websites like LinkedIn, Facebook, and Twitter or acquired from internal applications using ATSs.

The applicant tracking systems market is being driven by the rise in geographically diverse talent acquisition. Growing demand to automate recruitment processes is a major factor driving the market's growth. The rising focus on improving candidate experience is driving up demand for applicant tracking systems market. Other significant factors such as growing urbanization and the rising need for analytics metrics will cushion the growth rate of applicant tracking systems market. Another vital factor includes the increasing awareness about the benefits of system and surge in the adoption rate of cloud based technologies will accelerate the growth of applicant tracking systems market. Furthermore, technological advancements and increase in the digitalization will influence the applicant tracking systems market for the forecast period mentioned above.   

Moreover, the increase in the adoption rate of new technological solutions and surging demand for mobile recruitment will boost the beneficial opportunities for the applicant tracking systems market growth. Due to the strong demand from various end-use industries and collaboration with social media platforms simplifying applicant tracking processes is expected to grow in the future years.

However, complications in process automation and integration and data security and privacy concerns will hinder the growth of the applicant tracking systems market. Also, the lack of skilled professions and the addition of ATS software with other systems will further pose a challenge to the market. Other factors including less awareness about the benefits associated with ATS act as market restrain and will further obstruct the growth rate of applicant tracking systems market.

This applicant tracking systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on applicant tracking systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Applicant Tracking Systems Market Scope and Market Size

The applicant tracking systems market is segmented on the basis of component, organisation size, deployment type, vertical and social media integration. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • Applicant tracking systems market on the basis of component has been segmented as software and services.
  • Based on organisation size, applicant tracking systems market has been segmented into small and medium-sized enterprises and large enterprises.
  • On the basis of deployment type, applicant tracking systems market has been segmented into cloud and on-premise.
  • On the basis of vertical, applicant tracking systems market has been segmented into banking, financial services, and insurance, IT and telecommunications, government and public sector, retail and consumer goods, manufacturing, healthcare and life sciences and others.
  • Applicant tracking systems has also been segmented on the basis of social media integration into facebook, linkedin and twitter.

Applicant Tracking Systems Market Country Level Analysis

The applicant tracking systems market is analysed and market size, volume information is provided by country, component, organisation size, deployment type, vertical and social media integration as referenced above.

The countries covered in the applicant tracking systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominate the applicant tracking systems market during the forecast period of 2022-2029 and will continue to flourish its trend of dominance during the forecast period due to the provision of fast and timely access data associated with candidate and presence of major key players in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the growing demand for reducing cost and save time on particular candidate and increase in the growth of automation as well as digitalization sector in this region.

The country section of the applicant tracking systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Applicant Tracking Systems Market Share Analysis

The applicant tracking systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to applicant tracking systems market.

Some of the major players operating in the applicant tracking systems market are ADP, Inc., Learning Technologies Group Inc., Oracle, IBM, UKG Inc., iCIMS, Jobvite, Inc., SilkRoad Technology, SAP SE, Paycor, Inc., Greenhouse Software, Inc., Workday, Inc., Trakstar, Infor, JazzHR., ClearCompany, Bamboo HR LLC., Racarie Software, Zoho Corporation Pvt. Ltd., and Ascentis Corporation, among others.


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Applicant Tracking Systems Market size will be worth USD 2.77 billion by 2029.
The Applicant Tracking Systems Market growth rate will be 8.62% by 2029.
The increase in the adoption rate of new technological solutions and surging demand for mobile recruitment are the growth drivers of the Applicant Tracking Systems Market.
The component, organisation size, deployment type, vertical and social media integration are the factors on which the Applicant Tracking Systems Market research is based.
The major companies in the Applicant Tracking Systems Market are ADP, Inc., Learning Technologies Group Inc., Oracle, IBM, UKG Inc., iCIMS, Jobvite, Inc., SilkRoad Technology, SAP SE, Paycor, Inc., Greenhouse Software, Inc., Workday, Inc., Trakstar, Infor, JazzHR., ClearCompany, Bamboo HR LLC., Racarie Software, Zoho Corporation Pvt. Ltd., and Ascentis Corporation, etc.
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