Global Applicant Tracking System Tools Market Overview:
Applicant Tracking System Tools is software that manages requirements and hiring processes in order to hire candidate for specific posts Applicant Tracking System Tools include job posting and application. Applicant Tracking System Tools organize information about job seekers and make it more effective searchable. Applicant Tracking System Tools is used for corporate organizations to manage and automate the hiring processes by providing centralized locations for job posting, filtering job applications, sorting through resumes, and identifying strong candidates for the position. Geographically, North America is the leading region for higher adoption of applicant tracking systems due to wide advancements in technology such as human resources analytics Applicant Tracking System Tools had wide application in information technology, retail, banking, and insurance sector .the demand for Applicant Tracking System Tools is rising across various domain and it has wide application is driving the market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising demand for IoT and blockchain technology for transparency work order
Market Growth Drivers:
It helps to reduce time spent with administrative tasks and It provides better and faster CV screening
Challenges:
Links to other systems not well coordinated and No project-based approach
Restraints:
ATS is missing qualified applicants due to the wrong keyword selection and Applicant Tracking System drawback is that they are open to manipulation
Opportunities:
Rising demand for advanced technology such as Artificial intelligence and bots
Competitive Landscape:
The Applicant Tracking System Tools market is expected to grow in E-commerce as well as information technology. It has wide applications for candidate hiring and job posting, hence this is the factor that is driving the demand for the market. Several companies such as Pinpoint, Avature, Teamtailor, and VidCruiter are operating in the market to provide customers better offer with various features, service technology & unique offering. The market is a highly fragmented market with the presence of several market players and local players. Which is triggering the market growth over the forecast period
Some of the key players profiled in the report are Pinpoint (United States), Avature (United States), Teamtailor (Sweden), VidCruiter (United States), Freshworks (United States), Recruitee (Netherlands), ClearCompany (United States), Trakstar Hire (United States), SmartRecruiters (United States), iCIMS (United States), JazzHR (United States), Workable (Greece), Lever (Canada), BreezyHR (united States) and Others. Considering Market by Deployment, the sub-segment i.e. On cloud-based will boost the Applicant Tracking System Tools market. Considering Market by Feature , the sub-segment i.e. Quick search will boost the Applicant Tracking System Tools market.
Latest Market Insights:
On 14th December 2020, iCIMS had Acquired Altru Lab. This acquisition helps further to expand iCIMS’ market innovation and leadership with interactive employee-generated content that changes career sites from static to dynamic sources of engagement and interactivity users for a job posting and hiring process
On 23rd August 2018, iCIMS had Launched Two New Products to Improve Employer & Job Seeker Experiences. This product launch help to simplify and streamline the recruiting experience for employers and job candidates, iCIMS Offer, and Prime Connector.
What Can be Explored with the Applicant Tracking System Tools Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Applicant Tracking System Tools Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Applicant Tracking System Tools
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Applicant Tracking System Tools market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Applicant Tracking System Tools market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Corporate, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.