Global Applicant Tracking System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Applicant Tracking System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global applicant tracking system market report has been segmented on the type of deployment, organization size, and region.
Global Applicant Tracking System Market: Overview
Applicant tracking system (ATS) is a software which manages the recruitment process of an organization by analyzing, collecting and storing job applicant data in a database. ATS collect resumes in a database and provide recruiter or hiring manager an online view of job seekers after indexing and scanning their resumes. Most of the organization use applicant tracking system to handle, manage large volume job applications and recruit employees more efficiently. The data is collected from internal applications through ATSs or extracted from social networking websites such as Twitter, LinkedIn, Facebook, etc.
Global Applicant Tracking System Market: Dynamics
Increasing demand for applicant tracking system software among large and medium-sized organizations is a major factor projected to drive growth of the global market. In addition, features such as speeding up the recruitment process, increasing efficiency, lower cost-per-hire, upgrading HR team communication, sorting applicant data, and automating whole procedure are factor projected to drive growth of the applicant tracking system market. Moreover, growing demand for applicant tracking system software in developed economies coupled with the integration of social media with an applicant tracking system is projected to support growth of the global market in the upcoming years.
However, rising security and privacy concerns associated with the implementation of these type of software over cloud-based deployment is a factor hampering growth of the global applicant tracking system software market.
Global Applicant Tracking System Market: Segment Analysis
Among the deployment type segments, the cloud segment is projected to register substantial growth in the global market during the forecast period.
Among the organization size segment, the large enterprise’s segment is projected to dominate the global market in the next few years. The high investments in software development and high-cost bearing capability of large organizations across the globe are projected to drive growth of the segment.
Global Applicant Tracking System Market: Region Analysis
North America market is projected to account for the highest market share in terms of revenue in the global applicant tracking system market and is estimated to maintain its dominance in the next few years. Rising preference for advanced recruiting technologies among various information and technology (IT) organizations in the countries in this region is projected to drive growth of the North America applicant tracking system market. In addition, increasing adoption of cloud-based services is another factor projected to drive growth of the target market in North America.
The Asia Pacific market is projected to register the fastest growth rate in terms of revenue in the global market. Increasing adoption of cloud-based platforms and growing demand for automation and digitization in countries such as Japan, India, and China is expected to drive growth of the Asia Pacific applicant tracking system market. Furthermore, Europe market is projected to witness steady growth opportunities.
Global Applicant Tracking System Market Segmentation:
Segmentation by deployment:
Segmentation by organization size:
- Small and medium-sized enterprises (SMEs)
- Large enterprises
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Taleo Corp.
- Jobvite, Inc.
- iCIMS Inc.
- JobDiva, Inc.
- Greenhouse Software, Inc.
- Bullhorn, Inc.
- Findly Talent, LLC
- Oracle Corporation
- Workable Software Limited
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