About Applicant Tracking Tools
The global Applicant Tracking Tools 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 Tools enable the electronic handling of recruitment and hiring needs. Applicant Tracking Tools 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 Tools, gaining popularity of mobile-based recruitment help to trigger the global Applicant Tracking Tools market in the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Applicant Tracking Tools 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 Tools market by , Application (BFSI, IT And Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences and Others) and Region.
On the basis of geography, the market of Applicant Tracking Tools 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). If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Applicant Tracking Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprises, the sub-segment i.e. Small and Medium Enterprises will boost the Applicant Tracking Tools 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 Tools 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 Tools
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).
In March 2024, WorkLLama, a company at the forefront of AI-driven talent solutions, recently announced the introduction of its new Applicant Tracking System (ATS), aimed at enhancing the recruitment process. “We believe that this will set a new standard in the industry for what technology can achieve in talent acquisition.
Key Target Audience
Applicant Tracking Tools 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.