Applicant Tracking System Market Expected to Reach USD 3616.00 million by 2030 | Business Intelligence Insights (BII)

Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-06-10  

     

As per Business Intelligence Insights (BII) study, the global Applicant Tracking System Market attained revenue growth of USD 2184.9 million in 2021 and it is projected to reach around USD 3616.00 million by 2030, growing at a 6.50% CAGR.

An applicant tracking system is a software program that allows for the electronic management of recruitment needs. Businesses at various levels can access these systems online based on their recruitment needs, allowing them to collect and evaluate candidate data. Companies utilize applicant tracking system software to better efficiently recruit personnel. The system can also be used to advertise job openings on a company's website or in a job feed, screen resumes, and send out email interview invitations to shortlisted individuals. Individual applicant monitoring, pre-screening questions, automated resume ranking, response tracking, and customized input forms are all included in the applicant tracking system.

However, the complexity of process automation and integration, as well as data security and privacy concerns, are impeding market expansion. Technological advancements in HR need an expanding range of skills to stay current with job postings. HR managers are having trouble fully deploying new ATS solutions due to a lack of critical IT skills and program comprehension. HR professionals must acquire adequate training in order to use the ATS effectively. As a result, due to a shortage of expertise and technical ability, ATS software installation across enterprises is expected to be problematic. This is the market's main constraint.

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Applicant Tracking System Market: Companies Mentioned

•  Oracle(US)
•  IBM (US)
•  iCMIS (US)
•  PeopleFluent (US)
•  Cornerstone (US)
•  Workday (US)
•  Bullhorn (US)
•  Ultimate Software (US)
•  ADP (US), SAP (Germany)
•  Jobvite (US)
•  Silkroad Technology (US)
•  Paycor (US)
•  Greenhouse Software (US)
•  ClearCompany (US)
•  BambooHR (US)
•  Infor (US)
•  Zoho (India)
•  SmartRecruiters (US)
•  JazzHR (US)
•  CEIPAL (US)
•  skeeled (Luxembourg)
•  Breezy HR (US)
•  Ascentis (US)
•  Tribepad (UK)
•  Manatal(Thailand)
•  Trakstar Hire (US)
•  ATS OnDemand (US)
•  Oorwin (US)
•  TalentNest (US)
•  Lever (US)Amway Corp (US)

Key Highlights of the Report

•    The services sector is predicted to grow at a quicker CAGR during the projection period. From pre-sale requirement assessment to post-sale product deployment and execution, services such as consulting, integration and implementation, training and education, and support and maintenance are required at various stages, to achieve the highest possible return on investment. Services are critical in implementing the solution, providing training, and administering and maintaining the software. Companies that provide these services include consultants, solution experts, and dedicated project management teams who specialize in the design and delivery of important decision support software, tools, and services.

•    Tablet, powder, liquid, capsules, gel cap, and soft gel are some of the ways the Applicant Tracking System can be used. In the global Applicant Tracking System (ATS), The on-premises deployment strategy for ATS systems is being phased out in favor of cloud deployment, which provides benefits such as cheaper operational costs and accessibility to enterprises and departments that lack the resources and equipment to support the on-premises deployment model. ATS software can be configured as a cloud-based system, which allows multiple users to access data via the internet. Cloud services are free to use and are only charged as needed. The cloud deployment paradigm benefits organizations since it provides for speedy deployment, scalability, and access from anywhere. Data security is a major problem when using cloud services. As a result, companies are increasingly turning to private and hybrid cloud solutions.

•    APAC is predicted to grow at a quicker CAGR during the projection period. The Asia Pacific region includes China, Japan, Australia, and New Zealand, as well as the rest of Asia Pacific. Global corporations are becoming more interested in the Asia-Pacific region. Furthermore, APAC countries' business links with the US have exploded in the recent decade. As a result, ATS software and services have grown in popularity in the Asia-Pacific region. Because of the region's enormous population, each job posting attracts a high number of applications, making recruiting in the APAC region tough. Because the region includes countries like Singapore, India, Sri Lanka, Malaysia, and Hong Kong, which place a greater emphasis on such traits, APAC companies are learning about the advantages of ATS in overcoming this challenge. Improved automation benefits and analytic metrics are two more factors encouraging APAC companies to utilize ATS.

•    The report contains qualitative and quantitative research on the global Applicant Tracking System Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights:

By Component
•    Software
•    Services

By Mode
•    On-premises
•    Cloud

By Size
•    SMEs
•    Large Enterprises

By Vertical
•    BFSI
•    Government
•    Manufacturing
•    Telecom and IT
•    Consumer Goods and Retail
•    Healthcare and Lifesciences
•    Energy and Utilities
•    Transportation and Logistics
•    Others

By Region
•    North America
o    U.S.
o    Canada
•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Applicant Tracking System market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

 

The Applicant Tracking System Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Applicant Tracking System Market Forecast Report 2022- 2030 - Order Now!

About Us

Business Intelligence Insights is the global provider of market intelligence, consultancy services, and syndicated & customized reports. We are focused on assisting business leaders and suppliers in making decisions by providing timely and insightful market research and consulting services. We offer global, regional expertise in technology, industry, opportunities, trends, industry analysis, market data, and strategic guidance. Our analysis and insight help business professionals, executives, and investors make fact-based technology decisions and achieve their key business objectives. Our reports are featured with distinct research approaches, rigorous methodologies, and comprehensive sector coverage.

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