Applicant Tracking System Market Key Enhancement, Growth Factors Analysis, Product Overview and Share Forecasted to 2029

Applicant Tracking System Market Snapshot:

The global applicant tracking system market is expected to witness significant growth during the forecast period 2019–2026. Individual applicant tracking, automated resume ranking, customized input forms, and scheduling interviews are some of the automated features that are likely to attract enterprises to buy the product. Such automated capabilities of the system improve efficiency and productivity, which is likely to foster the growth of the application tracking system (ATS) market during the forecast period.

An applicant tracking system manages and provides an automated way to process job applications and recruiting process. Increasing adoption of machine learning and artificial intelligence in applicant tracking system improves the process of sorting and filtering resumes, sending follow up e-mails, and researching candidates. Increasing need to automate recruitment process and shifting from traditional recruiting process to online process are expected to be the major factors driving the applicant tracking system market. As the demand for talented individuals goes up, talent acquisition professionals are in constant search for renewed and better ways to hire. Identifying the right candidates from enormous applicant pool is the hardest part of the recruitment process. On an average, HR professionals spend nearly one-third of their work week sourcing candidates for a single role. New automation technologies are entering the market that offers efficient and effective ways to modernize recruiting efforts seamlessly.

Furthermore, paradigm shift from traditional recruitment process to online or e-recruitment is expected to influence the applicant tracking system market during the forecast period. Currently, Facebook and LinkedIn have 2 billion and 500 million active users respectively. According to talent sourcing solutions provider TalentWorks, 48% of the candidates use social media for their recent job search. As the hiring process has evolved from newspaper advertisement to social media recruiting, the next wave of this industry is recruiting automation. With the success of software-enabled automation in the sales and marketing industry, recruiters are increasingly turning to automated mechanisms for hiring the best talent. From candidate sourcing to applicant screening to the final hiring decision, new technologies are coming to the market to address the barriers of the traditional recruitment process.

Growing demand for applicant tracking system from enterprises of varying sizes is driving the growth of the applicant tracking system market. ATS market is highly concentrated with 70% of the market occupied by the first prominent players such as IBM Corporation, Oracle Corporation, and SAP SE. However, the market is witnessing consistent growth in the number of new entrants such as Cornerstone OnDemand, Workday, Inc., and Peoplefluent due to less initial investment. Technological advancement is taking rapid strides with the evolution and usage of machine learning and artificial intelligence in the ATS system.

Global applicant tracking system market by software is expected to grow at CAGR 8.9% over the forecast period 2019–2026.

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The Major Prominent Players Covered in this Report:
BambooHR LLC (U.S.)
Cornerstone OnDemand, Inc. (U.S.)
IBM Corporation (U.S.)
iCIMS, Inc. (U.S.)
Oracle (U.S.)
Paycor, Inc. (U.S.)
Peoplefluent (U.S.)
SAP SE (Germany)
Workday, Inc. (U.S.)
Zoho Corporation Pvt. Ltd. (India)

By Component, Software, Service
By Deployment, Cloud, On-premise
By Organization Size, Small and Medium-Sized Enterprises, Large Enterprises
By Vertical, BFSI, Telecom & IT, Retail, Manufacturing, Other & More.

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Applicant Tracking System in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Applicant Tracking System market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Applicant Tracking System and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Applicant Tracking System. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Applicant Tracking System market growth rate?
What are the key factors driving the global Applicant Tracking System market?
Who are the key manufacturers in the Applicant Tracking System market space?
What are the market opportunities, market risk, and market overview of the Applicant Tracking System market?
What are sales, revenue, and price analysis of top manufacturers of the Applicant Tracking System market?
Who are the distributors, traders, and dealers of the Applicant Tracking System market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Applicant Tracking System Industry?
What are sales, revenue, and price analysis by regions of Applicant Tracking System industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Applicant Tracking System Market Trends:
- The report identifies, determines, and forecasts the Global Applicant Tracking System Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Applicant Tracking System Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Applicant Tracking System Market.

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