Applicant Tracking Software Market Scope
The applicant tracking software market is expected to witness healthy growth during the forecast period according to the study. The rising automation across whole recruitment operations across different industries is one of the major factors aiding the growth of the market globally. Moreover, the recent industry crisis caused by the COVID-19 pandemic has acted as one of the major challenges for the market vendors as most of the markets & industries across the world were being temporarily shut down for a certain period of time that has reduced the demand for recruiting across different industries.
According to AMA, the Global Applicant Tracking Software market is expected to see growth rate of 6.7%The vendors are majorly focusing on developing new & innovative solutions in order to cater to market demands & to remain competitive in the market as the market is fragmented with the presence of a large number of players across the world. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Applicant Tracking Software market throughout the predicted period.
Oracle (United States), IBM (United States), SAP (Germany), Cornerstone (United States), ADP (United States), iCIMS (United States), Jobvite (United States), PeopleFluent (United States), SilkRoad Technology (United States) and Paycor (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Greenhouse Software (United States), Workday (United States), Ultimate Software (United States), JazzHR (United States), ClearCompany (United States), BambooHR (United States), Racarie Software (United States), Zoho (United States), SmartRecruiters (United States), Ascentis (United States), Recruiterbox (United States), Infor (United States), ResumeWare (United States), TribePad (United Kingdom) and ATS OnDemand (United States).
Segmentation Overview
The study have segmented the market of Global Applicant Tracking Software market , by Application (Small and Medium Enterprises and Large Enterprises) and Region with country level break-up.
On the basis of geography, the market of Applicant Tracking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022.
Influencing Trend:
Rising Use of IOT for Data Generation and Focus on Improving Candidate Knowledge
Market Growth Drivers:
Up Surging Demand of Automatic Recruitment Process and Increasing Need for Analytics Metrics
Challenges:
Integration of ATS with Other Systems
Restraints:
Lack of Awareness benefit about the Benefit of ATS
Opportunities:
Introduction of Mobile Recruitment and Need To Use Social Media Platforms
Market Leaders and their Expansionary Development Strategies
On 12th September 2018, Cornerstone has acquired Workpop, Inc. a global provider of easy-to-use, robust web and mobile solution for candidates and hiring managers in service-based industries.
On 12th September 2018, Cornerstone a global players in cloud based learing and human software solution has revealed Cornerstone Frontline. It is used to hire local and level and frontline employees including cashier, supervisor, seasonal warehouse employees and healthcare provider for administrative staff. and On 23rd August 2018, iCIMS, Inc. a global key provider of cloud-based talent acquisition solutions has launched two product such as iCIMS Offer and Prime Connector. Which is used simplify and streamlin
Government Supportive Regulations Regarding the Automation of Recruitment Process Across DIfferent Industries
Key Target Audience
ATS Developers, ATS Distributors, Software Developers, Potential Investors, Government Regulatory Bodies, Government Research Agencies, Private Research Agencies and Other
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.