Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • June 2021 •
  • 143 pages •
  • Report ID: 6097472 •
  • Format: PDF
The global applicant tracking system market exhibited strong growth during 2015-2020.

An applicant tracking system (ATS) is a talent management software that organizes and monitors job openings, resumes, candidates and clients for an organization. The information in the database of the software streamlines the hiring process by conducting preliminary analysis and filtering qualified and deserving candidates for a job. Managers can also schedule interviews and send rejection letters through the ATS and can digitally handle the necessary paperwork. It aims to reduce the workload of recruiters and provide a central repository for candidate data. Also, ATS aids in minimizing the time spent on administrative tasks, providing faster resume screening, and facilitating collaborative recruitment, thus enhancing the overall experience of the candidate.

The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based recruitment systems, is one of the key factors driving the growth of the market. Organizations are rapidly adopting software-as-a-service (SaaS) for automating the recruitment and hiring procedures. It improves staffing efficiencies and productivity and thereby, managing the hiring process of suitable candidates. The ATS also enables businesses to adopt strategic methods for their brand promotions and attract qualified job seekers. Additionally, the integration of organizations with artificial intelligence (AI) is driving the market growth. The software uses optical trackers to monitor applicants and provide accurate results while identifying the market trends and patterns through transactional activities and analytical inputs. Moreover, factors such as the growing need to replace traditional hiring methods to reduce time-wastage and costs and improve the quality of hiring decisions, are projected to drive the market further. Looking forward, the analyst expects the global applicant tracking system market to grow at a CAGR of around 8% during 2021-2026.

Breakup by Deployment:
On-premises
Cloud

Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises

Breakup by Component:
Software
Services

Breakup by End-User:
BFSI
IT and Telecommunications
Government and Public Sector
Retail
Manufacturing
Healthcare and Life Sciences
Other

Breakup by Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Columbia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ApplicantStack, ATS Ondemand, Clearcompany, Greenhouse Software, IBM, iCIMS, JazzHR, Jobvite, Oracle, SAP SE, SilkRoad Technology, SmartRecruiters, Tribepad, Ultimate Software, Zoho, etc.

Key Questions Answered in This Report:
How has the global applicant tracking system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global applicant tracking system industry?
What are the key regional markets in the global applicant tracking system industry?
What is the breakup of the market based on the deployment?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the component?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global applicant tracking system market and who are the key players?
What is the degree of competition in the market?