The Applicant Tracking Systems Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2031. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.
This comprehensive report provides key insights into the Applicant Tracking Systems market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry's trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market's strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.
The study offers valuable insights into the competitive landscape, highlighting recent developments and geographical distribution across key regions. Expert competitor analysis provides a detailed understanding of market dynamics, offering strategic guidance for businesses and investors.
With robust analysis and future projections, this report serves as a vital resource for stakeholders looking to capitalize on emerging opportunities and navigate challenges in the Applicant Tracking Systems market.
What is the projected market size & growth rate of the Applicant Tracking Systems Market?
Market Analysis and Insights
Global Applicant Tracking Systems Market
Data Bridge Market Research analyses that the applicant tracking systems market will exhibit a CAGR of 8.62% for the forecast period of 2022-2029 and is likely to reach the USD 2.77 billion by 2029.
An applicant tracking system (ATS) is an application that collects and stores resumes in a database to manage an organization's recruitment process. After scanning and indexing resumes, ATS stores them in a database and provides recruiters with an online view of job searchers. To process job applications and manage a huge volume of resume data, the majority of the company uses some form of applicant tracking system application. The data is either retrieved from social networking websites like LinkedIn, Facebook, and Twitter or acquired from internal applications using ATSs.
The applicant tracking systems market is being driven by the rise in geographically diverse talent acquisition. Growing demand to automate recruitment processes is a major factor driving the market's growth. The rising focus on improving candidate experience is driving up demand for applicant tracking systems market. Other significant factors such as growing urbanization and the rising need for analytics metrics will cushion the growth rate of applicant tracking systems market. Another vital factor includes the increasing awareness about the benefits of system and surge in the adoption rate of cloud based technologies will accelerate the growth of applicant tracking systems market. Furthermore, technological advancements and increase in the digitalization will influence the applicant tracking systems market for the forecast period mentioned above.
Moreover, the increase in the adoption rate of new technological solutions and surging demand for mobile recruitment will boost the beneficial opportunities for the applicant tracking systems market growth. Due to the strong demand from various end-use industries and collaboration with social media platforms simplifying applicant tracking processes is expected to grow in the future years.
However, complications in process automation and integration and data security and privacy concerns will hinder the growth of the applicant tracking systems market. Also, the lack of skilled professions and the addition of ATS software with other systems will further pose a challenge to the market. Other factors including less awareness about the benefits associated with ATS act as market restrain and will further obstruct the growth rate of applicant tracking systems market.
This applicant tracking systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on applicant tracking systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Applicant Tracking Systems market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Applicant Tracking Systems Market.
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Which are the driving factors of the Applicant Tracking Systems market?
The driving factors of the Applicant Tracking Systems market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Applicant Tracking Systems across various industries further propel market expansion.
Applicant Tracking Systems Market - Competitive and Segmentation Analysis:
Global Applicant Tracking Systems Market, By Component (Software, Services), Organisation Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment Type (Cloud, On-Premise), Vertical (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Others), Social Media Integration (Facebook, LinkedIn, Twitter), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Applicant Tracking Systems market?
Some of the major players operating in the applicant tracking systems market are ADP, Inc., Learning Technologies Group Inc., Oracle, IBM, UKG Inc., iCIMS, Jobvite, Inc., SilkRoad Technology, SAP SE, Paycor, Inc., Greenhouse Software, Inc., Workday, Inc., Trakstar, Infor, JazzHR., ClearCompany, Bamboo HR LLC., Racarie Software, Zoho Corporation Pvt. Ltd., and Ascentis Corporation, among others.
Short Description About Applicant Tracking Systems Market:
The Global Applicant Tracking Systems market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Applicant Tracking Systems. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Applicant Tracking Systems Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Applicant Tracking Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Applicant Tracking Systems market?
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Applicant Tracking Systems Market Research/Analysis Report Contains Answers to your following Questions
- What are the global trends in the Applicant Tracking Systems market?
- Would the market witness an increase or decline in the demand in the coming years?
- What is the estimated demand for different types of products in Applicant Tracking Systems?
- What are the upcoming industry applications and trends for Applicant Tracking Systems market?
- What Are Projections of Global Applicant Tracking Systems Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- Where will the strategic developments take the industry in the mid to long-term?
- What are the factors contributing to the final price of Applicant Tracking Systems?
- What are the raw materials used for Applicant Tracking Systems manufacturing?
- How big is the opportunity for the Applicant Tracking Systems market?
- How will the increasing adoption of Applicant Tracking Systems for mining impact the growth rate of the overall market?
- How much is the global Applicant Tracking Systems market worth? What was the value of the market In 2020?
- Who are the major players operating in the Applicant Tracking Systems market? Which companies are the front runners?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Applicant Tracking Systems Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Applicant Tracking Systems Market Insights and Forecast to 2031
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Applicant Tracking Systems Market By Type
- Applicant Tracking Systems Market By Function
- Applicant Tracking Systems Market By Material
- Applicant Tracking Systems Market By End User
- Applicant Tracking Systems Market By Region
- Applicant Tracking Systems Market: Company Landscape
- SWOT Analysis
- Company Profiles
- Continued...
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Data Bridge Market Research:
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