About Applicant Tracking Systems
The global Applicant Tracking Systems market is expected to boost in the forecasted period due to the growing requirements of cost-saving as well as strategic and improved hiring decisions. Applicant Tracking Systems enables the electronic handling of recruitment and hiring needs. ATS collects a resume in a database and gives recruiters an online view of job seekers after scanning and indexing their resumes. increasing demand for cloud-based Applicant Tracking Systems, gaining popularity of mobile-based recruitment help to trigger the global Applicant Tracking Systems market in the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Applicant Tracking Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle (United States), SAP (Germany), IBM (United States), Cornerstone (United States), ADP (United States), iCIMS (United States), SilkRoad Technology (United States), Zoho (United States), Paycor (United States), Jobvite (United States) and PeopleFluent (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage 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), 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
AMA Research has segmented the market of Global Applicant Tracking Systems market by and Region.
On the basis of geography, the market of Applicant Tracking Systems 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 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Applicant Tracking Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Applicant Tracking Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. SMEs will boost the Applicant Tracking Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Applicant Tracking Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Social Media Integration, the sub-segment i.e. Facebook will boost the Applicant Tracking Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Focus on Enhancing the Experience of Candidate and Increasing Inclination towards Automate Recruitment Processes
Market Growth Drivers:
Upsurging Geographically Diverse Talent Acquisition and Fueling Demand for Analytics Metrics
Challenges:
Dearth Of Technical Expertise and The Growing Concern about Integration of ATS Software With Other Systems
Restraints:
Lack of Awareness associated with Applicant Tracking Systems
Opportunities:
High Adoption due to Collaboration With Social Media Platforms Simplifying Applicant Tracking Processes and Upsurging Popularity of Mobile Recruitment
Market Leaders and their expansionary development strategies
In 2019, My Ally, the world’s leading platform for recruiting AI technology, has announced its public listing on the SAP App Center for global deployments. My Ally is listed as a preferred recruiting productivity solution for customers of SAP’s SuccessFactors Applicant Tracking System (ATS).
On10th October 2018, Oracle and LinkedIn today announced that they are working together to help HR professionals meet the shifting demands of the talent economy. A series of new integrations between Oracle’s Human Capital Management Cloud (Oracle HCM Cloud) and Taleo Enterprise Edition, and LinkedIn, will help HR teams attract, engage and retain employees by growing their talent pool, improving the candidate experience, enhancing internal mobility and increasing career development opportunities.
Key Target Audience
Applicant Tracking Systems Providers, Technology Providers, Software Vendors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.