Global Applicant Tracking Software Market is Projected to Reach US$ 3,079 Mn by 2023

New report published by QY Research which offers insights on the global Applicant Tracking Software market. The Applicant Tracking Software market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for Applicant Tracking Software is expected to reflect 1.7 times increase in the revenue growth. In 2018 the global Applicant Tracking Software market was valued at US$ 1,984 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 3,079 Mn growing at a value CAGR of 9.34% throughout the period of forecast.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

Global Applicant Tracking Software Market: Forecast by Application

Based on Applications, the market is segmented into Small and Medium Enterprises, Larger Enterprises. Small and Medium Enterprises is the major application of Applicant Tracking Software, in 2018, the Applicant Tracking Software revenue in Small and Medium Enterprises was 1,421 million USD, and it will reach 2,592 million USD in 2025; with revenue market share in Small and Medium Enterprises was 71.65% in 2018 and will be 72.12% in 2025.

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Global Applicant Tracking Software Market: Forecast by Region

Based on regions, United States and Europe are relatively mature market which are navigating the market. In 2018, total United States Applicant Tracking Software Market Size is estimated to be 1091.63Million USD, growing at a CAGR of 8.70% from 2013 to 2018. Total Europe Applicant Tracking Software Market Size is estimated to be 597.03 Million USD in 2018, growing at a CAGR of 10.89% from 2013 to 2018. In APAC Area, Japan is an important market, with mature development environment, large population base, complete infrastructural facility and high-leveled skilled labors. In 2018, total Japan Applicant Tracking Software Market Size is estimated to be 108.26 Million USD, growing at a CAGR of 13.05% from 2013 to 2018. Total China Applicant Tracking Software Market Size is estimated to reach 132.31 Million USD in the end of 2018, growing at a CAGR of 13.95% from 2013 to 2018.

Global Applicant Tracking Software Market: Key Players

The market is very disparate in global view, Major players in this market are Workable Software, Zoho, Softgarden, BambooHR, ICIMS, Lever, SAP (SuccessFactors), Jobvite, Workday, Oracle, IBM (Kenexa), ClearCompany, COMPAS Technology, TalentReef, Conrep, Cornerstone OnDemand, Advanced Personnel Systems, Greenhouse Software, ApplicantPro,, CATS Software, IKraft Solutions. Leading Applicant Tracking Software like Zoho, Softgarden, BambooHR, ICIMS and many others are also playing very important roles in Applicant Tracking Software market stage.

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