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August 18, 2020

Global Applicant Tracking System Market by Components, Deployment Modes, Organization Sizes, Industries and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global applicant tracking system market, is expected to reach USD 1.4 billion, growing at a CAGR of around 9% during the forecast period 2020–2026. The main reasons, behind the growth of the market are increasing need for cost savings, rise in need for improved and strategic hiring decisions, and increasing need of automating recruitment process. Other factors such as rise in talent acquisition pools, rising need for perfectly defined candidate portfolios, and emergence of social media these days, is expected to be the driving factors for the growth of the applicant tracking system market.

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An applicant tracking system or ATS is used to manage the recruitment and hiring process, such as job applications, and job postings. It is gaining immense popularity across enterprises and governments, because of the need for automation in recruitment activities. As ATS automates job application posting, and candidates’ screening across various job boards, it eliminates manual biasness and errors. Cloud-based ATS is seeing an increased adoption, because of the decreased latency and low cost of ATS. Several industries, are rapidly using ATS due to rise in focus on increasing candidates’ satisfaction by decreasing the recruitment manpower and cost, and improving communication. The manual analysis of candidates applications is now obsolete, due to the cost, time, and biasness issues associated with human intervention. ATS not only provides useful insights but also lowers the time and costs attached with recruitment, and hiring.

Market Trends, Drivers, Restraints, and Opportunities:

  • The increasing need for cost savings associated with the hiring and recruitment process, is expected to be a driving factor for the growth of the applicant tracking system market.
  • Rise in need for improved and strategic hiring decisions, is anticipated to have a positive impact in the growth of the market.
  • The time taken is less, manual intervention is minimum, and the accuracy is high. These are the reasons behind the growth of the market.
  • The increasing need of automating recruitment process, is expected to be a driving factor for the growth of the market.
  • Rise in talent acquisition pools, is anticipated to have a positive impact in the growth of the market.
  • Rising need for perfectly defined candidate portfolios, is a reason behind the growth of the market.
  • Lack of awareness among the people, about the benefits of using the system, is expected to be an obstacle in the growth of the market.

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Competitive Landscape:

The number of companies, which operate in the global applicant tracking system market, are quite a few in number. Some of these are:

  • BambooHR
  • IBM
  • Oracle
  • PeopleFluent
  • ClearCompany
  • Paycor
  • ResumeWare
  • TribePad
  • ATS OnDemand
  • Ultimate Software
  • Racarie Software

The market leaders are looking for various strategies such as partnerships, acquisitions, mergers, and product development to continue their market dominance.

The Global Applicant Tracking System Market, has been segmented on the basis of

Components:

  1. Professional
  2. Solution
  3. Managed
  4. Services

Deployment Modes:

  1. On-premises
  2. Clouds

Organization Sizes:

  1. Small and Medium Enterprises (SMEs)
  2. Large Enterprise

Industries:

  1. IT and Telecommunication
  2. Government and Public Sector
  3. Healthcare
  4. Manufacturing
  5. Banking Financial Services, and Insurance (BFSI)
  6. Retail and Consumer Goods
  7. Others

Regions:

  1. Europe
  2. North America
  3. Middle East and Africa
  4. Latin America
  5. Asia Pacific

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Why Choose Us:

  • We offer industry-leading critical reports with accurate insights into the future of the market.
  • Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments.
  • We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency.
  • The demand and supply dynamics offered in the report give a 360 degree view of the market.
  • Our report helps readers decipher the current and future constraints in the Applicant Tracking System Market, and help them formulate optimum business strategies to maximize growth in the market.

Table of Contents

  1. Executive Summary
  2. Assumptions and Acronyms Used
  3. Research Methodology
  4. Applicant Tracking System Market Overview
  5. Global Applicant Tracking System Market Analysis and Forecast by Type
  6. Global Applicant Tracking System Market Analysis and Forecast by Application
  7. Global Applicant Tracking System Market Analysis and Forecast by Sales Channel
  8. Global Applicant Tracking System Market Analysis and Forecast by Region
  9. North Applicant Tracking System Market Analysis and Forecast
  10. Latin Applicant Tracking System Market Analysis and Forecast
  11. Europe Applicant Tracking System Market Analysis and Forecast
  12. Asia Pacific Applicant Tracking System Market Analysis and Forecast
  13. Middle East & Africa Applicant Tracking System Market Analysis and Forecast
  14. Competition Landscape

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@rajputdishank
August 18, 2020, 07:19
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