Applicant Tracking System Market by Deployment Mode (Cloud and On-premises), by Component (Services and Solution), by End-user (Healthcare, BFSI, Government), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2017 to 2024

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Applicant Tracking System Market: Summary

The Global Applicant Tracking System Market is estimated to reach USD 2.1 Billion by 2025 at a CAGR of 8.3%.

Applicant Tracking System (ATS) is a software application which used for recruitment and hiring process management. ATS is built to assist the management with resumes and applicant information in an efficient way. ATS is used in all types of large and small organizations. It helps these organizations to track information of job applicants, and hiring of appropriate candidate, easing the overall hiring process. Additionally, it helps in scheduling interviews, emails, etc., which reduces the workload of recruiters and hiring managers. It avoids human error by computerized the process and to save time. The resume boards and online portals like LinkedIn, Monster, and Indeed are partnering with ATS software providers for secure data support and management from one system to another.

 

Applicant Tracking System Market: Drivers & Restraints

Market Drivers:

  • Adoption of Cloud-Based Technologies

The market demand for the applicant tracking system is growing owing to the adoption of cloud-based technology. Cloud based technolpogies help secure the data automation and to solve recruiting problems to deliver result-oriented output. However, these systems increase software speeds and reduce the response time by updating information in real-time. This helps to speed up the recruiting processes and to make better decisions in less time.

Hence, adoption for cloud-based technologies is expected to surge the applicant tracking system market during the forecast period.

  • Increasing Demand for Digitalization

Increasing demand for digital services improves the overall quality and automatically organize the data. Companies do not have to pay extra for the additional time required to sort and file the paper applications, thus accelerating the hire time. According to the SAP SE, digital transformation helps in increasing speedy and effient operations to send and retain talent.

Therefore, the increasing demand for digitalization is expected to drive the applicant tracking system market during the forecast period.

Market Challenges:

  • Lack of Awareness Regarding Applicant Tracking Systems

Processing information manually is time-consuming. According to the IBM Corporation, 80 percent of hiring managers spent their time in searching for candidates and scanning resumes. In 2017, the report found that 52 percent of candidates didn’t receive any communication from the recruiter in the two to three months after applying for the job openings. Applicant tracking systems help to source the appropriate candidate while helping it to properly communicate with all the candidates.

Hence, lack of awareness about the product may hinder the growth of applicant tracking systems market.

Applicant Tracking System Market: Key Segments

  • Based on Deployment Mode: Cloud and On-premises
  • Based on Component: Services and Solution
  • Based on Organization size: Small Business, Midsize Business, and Enterprise Business
  • On Based of End-User: HealthcareBanking, Financial Services, and Insurance (BFSI), GovernmentIT and TelecommunicationManufacturing and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis. 

Applicant Tracking System Market: Report Scope

The report on the applicant tracking system market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2025

Base Year for Market Calculation

2019

Forecasted Period

2020-2025 (2020 estimated year, forecasted up to 2025)

Measured Units

Value (USD Million)

Segments Included

Deployment mode, Component, End-User, Organization size, and Region

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

 

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • SAP SE
  • Oracle
  • Automatic Data Processing, Inc.,
  • Cornerstone OnDemand, Inc.
  • Jobvite Inc.
  • iCIMS, Inc.
  • SilkRoad Technology, Inc.
  • Greenhouse Software, Inc
  • Other Key Companies

Applicant Tracking System Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Applicant Tracking System Market, by Deployment Mode

  • Cloud
  • On-premises

Applicant Tracking System Market, by Component

  • Services
  • Solution

Applicant Tracking System Market, by Organization size

  • Small business
  • Midsize business
  • Enterprise business

Applicant Tracking System Market, by End-User

  • Healthcare
  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • IT and Telecommunication
  • Manufacturing
  • Others

Applicant Tracking System Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

KEY QUESTIONS ANSWERED BY THE REPORT

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?

Report Audience

  • Applicant Tracking System Market Providers
  • Applicant Tracking System Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Applicant Tracking System Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE APPLICANT TRACKING SYSTEM MARKET STUDY

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

                                 4.2.1.    Increasing in Demand for Digitalization

                                 4.2.2.    Adoption for Cloud-Based Technologies

4.3       Opportunities

                                 4.3.1.    Rising in Demand for Cognitive Computing

4.4       Challenges

                                  4.4.1    Lack of Awareness Regarding Applicant Tracking Systems

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      APPLICANT TRACKING SYSTEM MARKET BY DEPLOYMENT MODE, Market Size in USD Million (2017-2024)

6.1       Introduction

6.2       Cloud

6.3       On-premises

7      APPLICANT TRACKING SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2017-2024)

7.1       Introduction

7.2       Services

7.3       Solution

8      APPLICANT TRACKING SYSTEM MARKET BY ORGANIZATION SIZE, Market Size in USD Million (2017-2024)

8.1       Introduction

8.2       Small Business

8.3       Midsize Business

8.4       Enterprise Business

9      APPLICANT TRACKING SYSTEM MARKET BY END-USER, Market Size in USD Million (2017-2024)

9.1       Introduction

9.2       Healthcare

9.3       Banking, Financial Services, and Insurance (BFSI)

9.4       Government

9.5       IT and Telecommunication

9.6       Manufacturing

9.7       Others

10   APPLICANT TRACKING SYSTEM MARKET BY REGION, Market Size in USD Million (2017-2024)

10.1     North America

                                10.1.1    US

                                10.1.2    Canada

                                10.1.3    Mexico

10.2     Europe

                                10.2.1    Germany

                                10.2.2    France

                                10.2.3    Italy

                                10.2.4    UK

                                10.2.5    Spain

                                10.2.6    The Netherlands

                                10.2.7    Rest of Europe

10.3     Asia-Pacific

                                10.3.1    China

                                10.3.2    Japan

                                10.3.3    India

                                10.3.4    South Korea

                                10.3.5    Taiwan

                                10.3.6    Rest of Asia-Pacific

10.4     Middle East & Africa

                                10.4.1    Saudi Arabia

                                10.4.2    UAE

                                10.4.3    Rest of Middle East & Africa

10.5     South America

                                10.5.1    Brazil

                                10.5.2    Argentina

                                10.5.3    Rest of South America

11   COMPETITIVE LANDSCAPE

11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking

12   COMPANY PROFILES

12.1     IBM Corporation

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     SAP SE

12.3     Oracle

12.4     Automatic Data Processing, Inc.,

12.5     Cornerstone OnDemand, Inc.

12.6     Jobvite Inc.

12.7     iCIMS, Inc

12.8     SilkRoad Technology, Inc.

12.9     Greenhouse Software, Inc

12.10  Other Key Companies

13   APPENDIX

13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3     Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

 

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

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