Applicant Tracking System Market Global Industry Analysis, size, share and Forecast 2020-2027

 

The GMI Research expects the applicant tracking systems market to expand at a significant rate. From a regional perspective, North America is predicted to grow at a higher CAGR due to the growing investments in research and development activities to bring advanced technologies. The developing countries are increasingly opting for solutions like ATS as compared to the developed economies.

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Applicant Tracking Systems Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The global applicant tracking systems market is predicted to witness an upsurge in demand during the forecast period due to the growing requirement for automation due to manual errors or human bias. Furthermore, the increasing geographically diverse talent acquisition is further augmenting the growth of the applicant tracking system market size. Advancements such as the introduction of analytics will further propel the growth of the market in the upcoming years. According to the applicant tracking system market report, the growing preference of mobile recruitment has led to an upsurge in demand for the market. The cooperation of the software providers with several social media platforms is projected to fuel the growth of the global applicant tracking system market share in terms of revenue. Social engagement also includes employee referrals, wherein specific solutions help the employees connect with their social networks for sharing new job opportunities in the company. Currently, social media has become an important tool to aid recruiters to engage with potential applicants. On the other hand, the factor projected to hinder the market growth includes the limited awareness about applicant tracking systems in developing regions. In addition to this, the shortage of skilled workforce for the deployment of the advanced applicant tracking system sill hamper the growth of the global applicant tracking system market.

Enterprise Size Segment Drivers

Based on the enterprise size, large enterprises is expected to lead the market during the forecast period due to the increasing adoption of technology among the large MNCs with high capital and infrastructure. On the other hand, SMEs are predicted to rise at a faster CAGR in the upcoming years due to the growing SMEs and numerous government initiatives to support small businesses.

Applicant Tracking Systems Market’s leading Manufacturers:

·        Oracle Corporation

·        IBM Corporation

·        SAP

·        Cornerstone OnDemand

·        ADP, LLC.

·        iCIMS

·        Jobvite Inc.

·        SilkRoad Technology

·        PeopleFluent

·        Paycor

Applicant Tracking Systems Market Segmentation:

Segmentation by Component:

·        Software

·        Services

Segmentation by Deployment Type:

·        On-premise

·        Cloud

Segmentation by Enterprise Size:

·        SMEs

·        Large Enterprises

Segmentation by End-User:

·        BFSI

·        IT & Telecom

·        Retail

·        Government

·        Manufacturing

·        Healthcare

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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