Applicant Tracking Systems Market Analysis

The Applicant Tracking Systems Market report includes verified and revalidated market figures such as CAGR, gross margin, revenue, price, production growth rate, volume, value, market share, CAGR, drivers, challenges, segmentation, SWOT analysis and forecast. Market Research Future (MRFR) predicts the applicant tracking systems market to grow at a CAGR of 10% from 2017-2023 (forecast period). The market research report explores a comprehensive study on various segments like opportunities, ATS market size, share, SWOT analysis, development, innovation, sales, and overall growth of major players.

The software-as-a-service is integrated into the system is commonly used by businesses to recruit candidates. The applicant tracking systems automate recruiting and staffing operations of any organization. It is often referred to as a talent management system. In 2016, the on-cloud deployment segment led the applicant tracking systems industry with a market share of more than 60%. It boosts staffing efficiencies and productivity, allowing better control of the recruiting process for qualified applicants.

The growing adoption of cloud-based applicant tracking software, which is used to track employees in organizations, is one of the factors driving the applicant tracking systems market development. In Mar 2018, MyJobo went into partnership with Broadbean Technology (a subsidiary of CareerBuilder). The company is incorporating software with applicant tracking systems and human resources information systems as part of this collaboration. These businesses use applicant tracking systems to post online job applications on the internet.

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Applicant Tracking Systems Market Drivers and Restraints

The factors influencing the ATS market growth comprise the growing adoption of cloud-based applicant tracking software which is used for tracking the personnel in the organizations. ATS is gaining massive adoption across governments and enterprises, due to the need for automation of recruitment activities. Cloud-based ATS is gradually finding increased adoption, due to the decreased latency and lower cost of ATS. Several verticals are also rapidly adopting ATS due to rising focus on increasing candidates’ satisfaction by improving communication and decreasing the recruitment manpower and cost. growth in need for strategic and enhanced hiring decisions, Rise in need for cost saving, and emergence of social media fuels the global applicant tracking systems industry. On the other hand, complexity in process automation & integration, and data security & privacy concerns hampers the market growth. Database security provids a major opportunity for market growth. The speedy growth in data generation and the use of advanced technologies, such as Internet of Things (IoT) and analytics are resulting in the greater adoption of the cloud deployment type, due to the benefits of enhanced and organized storage, and ready availability of data when required. Corporations and government agencies are finding cloud-deployed ATS attractive, as they are easy to provision, provide agility, and offer more functions than the on-premises ATS at an affordable cost. The IT and telecommunications vertical hires a large number of individuals, particularly in the North America and APAC. The jobs dynamics in the IT and telecommunications sector is huge, considering the fast-changing dynamics of technologies and the constant need to hire capable and skilled personnel. The role of ATS gains importance when the job market is vigorous, and there is substantial competition among the recruiters for attracting, sourcing, and acquiring talent.

Applicant Tracking Systems Market Key Players

Some of the notable players active in the global applicant tracking systems market are

• Oracle Corporation (U.S.)
• ExactHire (U.S.)
• BambooHR (U.S.)
• Cornerstone OnDemand Inc. (U.S.)
• IBM Corporation (U.S.)
• Jobvite Inc. (U.S.)
• Workday, Inc. (U.S.)
• Lumesse Limited (England)
• Paycor (U.S.)
• SAP (SuccessFactors) (Germany)
• ApplicantStack (U.S.)
• Bullhorn, Inc. (U.S.)
• Hyrell (U.S.)
• Findly Talent LLC (U.S.)
• iCIMS, Inc. (U.S.)
• ClearCompany (U.S.) 

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Applicant Tracking Systems Market Segmentation

The global applicant tracking systems market has been segmented into services, deployment, organization size, and industries.

By service, the global applicant tracking systems market has been segmented into managed services and professional services.

Based on deployment, the global applicant tracking systems market has been segmented into on-cloud and on-premises.

Based on organization size, the global applicant tracking systems market has been segmented into SMEs and large enterprises.

Based on industries, the global applicant tracking systems market has been segmented into government, IT & telecommunication, manufacturing, and others.

Applicant Tracking Systems Market Regional Analysis

The global applicant tracking systems industry is spanned across regions including North America, Europe, Asia Pacific, and the Rest of the World.

In terms of market share, North America is the world's leading region. Because of the growing adoption of artificial intelligence, which is propelling market growth to a large extent, the applicant tracking systems market in this area is in high demand. The market in Europe is expected to expand rapidly due to technological advancements in applicant tracking systems, which boost staffing operations, increase recruiter productivity, and others. At the same time, Asia Pacific countries like China, Japan, and India are emerging markets for applicant tracking systems, with the highest CAGR predicted in the coming years.

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The Importance of Report

• To provide a thorough examination of the market structure, as well as predictions for the major segments and sub-segments of the global Applicant Tracking Systems market during the forecast period.
• To provide information on the factors that influence market growth.
• To conduct an initial analysis of the global Applicant Tracking Systems market utilizing various techniques, including Supplier Evaluation and Porter’s Five Forces Analysis.
• Provide historically and projected revenue for market segments and sub-segments based on regions and key countries.
• To provide country-specific market analysis in terms of current market size and prospects. 

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

Continued...

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