Applicant Tracking System Market 2020-2025: Research Report with Profitable Customization Analysis

According to the latest report by IMARC Group, titled “Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global applicant tracking system market size reached US$ 1.29 Billion in 2019. An applicant tracking system (ATS) is the software that automates, organizes and monitors the recruiting and staffing operations of an organization. It acts as a central repository for candidate data and enables the recruiters to streamline the hiring process by filtering qualified and deserving candidates for the job. It helps in scheduling interviews, sending rejection letters, digitally handling the required paperwork and minimizing the overall workload. Besides this, ATS eliminates human bias and errors as the software screens the job application postings across multiple job boards.

Some of the key players being IBM NYSE: (IBM), Oracle Corporation NYSE: (ORCL), ApplicantStack, ATS Ondemand, Clearcompany, Greenhouse Software, iCIMS, JazzHR, Jobvite, SAP SE, SilkRoad Technology, SmartRecruiters, Tribepad, Ultimate Software, Zoho, etc.

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Market Trends:
Organizations around the world are focusing on automating the recruitment and hiring process to save their time and efforts. Consequently, they are adopting software-as-a-service (SaaS) systems that improve staffing efficiencies and productivity. Apart from this, ATS enables companies to use strategic methods for promoting their brand and attracting qualified job seekers. Furthermore, the increasing penetration rate of cloud-based platforms, in confluence with the adoption of mobile-based recruitment systems, acts as another factor that is propelling the growth of the market. Additionally, the growing need for replacing conventional hiring methods, improving the quality of hiring decisions, and reducing time-wastage and costs is escalating the demand for applicant tracking systems across the globe. On account of these factors, the market value is expected to reach US$ 2.10 Billion by 2025, expanding at a CAGR of 8.5% during the forecast period (2020-2025).

Market Breakup by Deployment:
• on-premises
• Cloud

Market Breakup by Organization Size:
• Small
• Medium-sized Enterprises
• Large Enterprises

The market has been analyzed on the basis of the component into software and services.

Market Breakup by End User:
• Banking
• Financial Services and Insurance (BFSI)
• IT and Telecommunications
• Government and Public Sector
• Retail
• Manufacturing
• Healthcare and Life Sciences
Market Region Summary:

Region-wise, the market has been classified into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru and others); and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others).

The competitive landscape of the market has been examined, with some of the key players being:
• ApplicantStack
• Outer Limits Technology Inc.
• ClearCompany Inc.
• Greenhouse Software Inc.
• International Business Machines (IBM)
Corporation
• iCIMS Inc.
• JazzHR
• Jobvite Inc.
• Oracle Corporation
• SAP SE
• SilkRoad Technology Inc.
• SmartRecruiters Inc.
• TribePad Ltd.
• Ultimate Software Group Inc
• Zoho Corporation

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Source: steemit

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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