Applicant Tracking System Market Size, Share, Trends, Growth, Analysis, Research

Global Applicant Tracking System Market: Key Highlights

  • According to the new market research report 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”, the global Applicant Tracking System market is estimated to reach USD 2.1 Billion by 2024 at a CAGR of around 8.3% during the review period.
  • 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.
  • 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

Global Applicant Tracking System Market: Key Market Dynamics

  • Increasing in demand for digitalization and enhancement in recruitment cycle and hiring quality which lead to fuel the growth of the application tracking system market in the forecast period.
  • Adoption for cloud-based technologies helps to reduced IT workload and and capital expenses. Also it is easier to integrate with other software and oil portals which will lead to the demand of the market in the projected period.
  • Rising in demand for cognitive computing can support to updates customers relevant health information and to apply across different industry for the update data.
  • Lack of awareness regarding applicant tracking systems uses and its benefits of ATS could affect the growth of the market in the forecast period.

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Global Applicant Tracking System Market: Regional Overview

  • Asia-Pacific:

The applicant tracking system market in the Asia-Pacific region is projected to witness high demand as China is projected to be innovative powerhouse globally by 2020.

According to the World economic forum, China is going a largest in the field of research and development by expecting 70 percent higher in 2017 as compare to 2012. Also the government has taken an initiatives for the growth and development for the high technology industries with the Made in China 2025. This will lead to enhance is growth for robotics, telecommunication new energy vehicle and high end automation. Moreover, Japan and India government has also taken an initiative for the technologies adoption in the region for the economic growth and development.

  • Europe

The region is represent to be a third largest industry by it capital investment, enterprise SaaS and behind fintech. According to the World Economic Forum, in 2019 the USD 4.4 Billion which will represent 12 percent of the total capital for the development of the region. Also the Germany is expanding its international market for the innovation and development of the region. Moreover, the European Union is focusing on enhancing the education to promote the better skills and growth which may lead to enhance the growth of technologies adoption in the forecast period.

Global Applicant Tracking System Market: Key Players Overview

  • IBM Corporation:

IBM Corporation is a global leading multination company which provides cloud and cognitive solution. Also the company offers an application and technology consulting services of the customers. The company provides IBM Kenexa Talent Acquisition Suite is a solution for finding the right candidate with the proper process. Also it provides a features such as engaging and effective assessments and for the access to a wide range of talent pools.

  • SAP SE:

SAP SE is a multinational company that makes enterprise software to manage business operations and customer relations. The SAP SuccessFactors is a solution that provides cloud-based HR management system, employee management, and onboarding to payroll management. Also its provides advantages as Online offer letter and e-signature solutions and also creation of a responsive career site.

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Rep Id : ICT 032

Published : 2020-01-21

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