Global Applicant Tracking System Market by Component ( Software and Services), By Deployment Mode (On-premises and Cloud), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, Government, Manufacturing, Telecom and IT, Consumer Goods and Retail, Healthcare and LiveScience, Energy and Utilities, Transportation and Logistics and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Global Applicant Tracking System Overview

 An applicant tracking system (ATS) is a programme that collects and stores resumes in a database in order to manage a company's hiring process. ATS maintains resumes in a database after scanning and indexing them, and offers recruiters with an online view of job seekers. To process job applications and manage a huge number of resume data, the majority of the firm uses an applicant tracking system application. The data is either retrieved from social networking websites like LinkedIn, Facebook, and Twitter or acquired from internal applications using ATSs.

The global applicant tracking systems market is driven by an increase in the need for cost savings, an increase in the need for strategic and enhanced hiring decisions, and the emergence of social media. . Database security presents a significant market expansion opportunity.

However, market growth is hampered by the complexity of process automation and integration, as well as data security and privacy issues. To stay current with job postings, technological improvements in HR necessitate an expanding set of skills. Due to a lack of essential IT skills and software understanding, HR managers are having difficulty completely implementing new ATS solutions. To use the ATS efficiently, HR professionals must receive sufficient training As a result, due to a shortage of expertise and technical ability, ATS software installation across enterprises is expected to be problematic

Market Size

According to Business Intelligence Insights ,The global Applicant Tracking System market was valued USD 2184.9, million in 2021 and is predicted to increase at a CAGR of 6.50% to USD 3616.00 million by 2030. 

Covid -19 Impact Analysis

The epidemic has benefited the market for application tracking systems. The recent economic downturn brought on the COVID-19 highlights the necessity for alternative business methods. For businesses, cloud computing and migration to cloud applicant tracking system solutions has become crucial. The impact of the COVID-19 pandemic on the market is examined throughout the study. The epidemic has benefited the market for application tracking systems. Companies are increasingly turning to technology-assisted recruitment tools that can be used remotely and ensure hiring as well as company continuity in the event of a disruption. With the increased use of remote working modes and the ongoing COVID-19 epidemic, ATS has acquired market traction to cater to virtual recruitment. The COVID-19 epidemic has posed a significant problem to businesses around the world in terms of continuing operations despite the widespread closure of offices and other facilities. During COVID-19, the market is likely to be driven by the increased usage of technologies to stay connected and efficiently conduct enterprises, particularly in pandemic situations.
 

Market Dynamics

Drivers

• A streamlined approach improved the candidate experience.
• Enterprises are increasingly looking for cloud-based recruitment solutions.

Restraints

• There is a scarcity of relevant expertise and knowledge.
• ATS solutions are being implemented in existing infrastructure.
   

Segmentation Insights

By Component

The services category dominated the market with more than 50% of the market share

During the projection period, the services category is expected to increase at a faster CAGR. 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. 

 

By Mode

The Cloud category dominated the market with more than 50% of the market share

 

The mode of application in which the Applicant Tracking System can be taken are tablet, powder, liquid, capsules, gel cap, and soft gel. In the worldwide Applicant Tracking System The on-premises deployment strategy of ATS solutions is being phased out in favor of the cloud, which offers benefits such as lower operational costs and accessibility to companies who lack the resources and infrastructure to support the on-premises deployment model. ATS software can be set up as a cloud-based system, allowing numerous users to access data via the internet. Cloud services have no upfront costs and are paid as needed by the user. Organizations benefit from the cloud deployment paradigm because it allows for quick deployment, scalability, and access from anywhere. When using cloud services, data security is a key concern. As a result, businesses are turning to private and hybrid cloud solutions. 

 

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

Key Players

• 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)
   

Regional Insights

Asia Pacific dominated the market with more than 35% of the market share

 

During the projection period, APAC is expected to increase at a faster CAGR. China, Japan, Australia, and New Zealand, as well as the rest of Asia Pacific, make up the Asia Pacific area. Global companies are increasingly interested in the APAC region. Furthermore, in the last decade, APAC countries' business ties with the US have grown dramatically. As a result, ATS software and services have become more popular in the APAC area. Because of the region's large population, there are many applicants for each job opening, making recruiting in the APAC region a difficult task. Because the region contains nations like Singapore, India, Sri Lanka, Malaysia, and Hong Kong, which focus more on such characteristics, APAC firms are being made aware of the benefits offered by ATS to overcome this difficulty. Furthermore, improved automation benefits and analytic metrics are two other aspects driving APAC organizations to use ATS.

 

Table

Report Attributes	Details
Market Size Value in 2021	USD 2184.9, million
Market Size Value in 2030	USD 3616.00 million
Growth Rate	6.50%
Base Year	2021
Forecast Period	2022-2030
Forecast Units	(USD Million)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Component, By Mode,By Size, By Vertical, By Region.
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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