Applicant Tracking System Market Size Worth US$ 3.6 Billion Globally by 2027, at 7.73% CAGR

According to the latest report by IMARC Group, titled, "Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027," the global applicant tracking system market reached a value of US$ 2.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2027, exhibiting a CAGR of 7.73% during 2022-2027.

Applicant tracking system refers to talent management software and services that organize and monitor job openings, resumes, candidates, and clients for an organization. In terms of the mode of deployment, they can be categorized into cloud-based and on-premises models. These applicant tracking system variants streamline the recruitment process by conducting preliminary analysis and filtering deserving and qualified candidates for a job. They allow managers to schedule interviews, send rejection letters, and digitally handle the necessary paperwork, thereby reducing the workload of recruiters and providing a central repository for candidate data. Consequently, applicant tracking system solutions find extensive applications across numerous sectors, including banking, information technology (IT), telecommunications, government and public sector, retail, manufacturing, healthcare, etc.

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Industry Growth:

The shifting preferences toward cloud-based platforms in several industries across the globe and the rising adoption of mobile-based recruitment systems are primarily driving the applicant tracking system market. Besides this, the elevating usage of software-as-a-service (SaaS) for automating the recruitment and hiring processes and improving staffing efficiencies and productivity is also positively influencing the global market. In addition to this, the growing need to replace traditional recruitment methods for lowering time-wastage and costs and enhancing the quality of hiring decisions is acting as another significant growth-inducing factor. Moreover, the increasing integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), to monitor applicants and provide accurate results and identify the market patterns and trends through analytical inputs and transactional activities are expected to propel the applicant tracking system market over the forecasted period.

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Competitive Landscape with Key players:

The report has also analyzed the competitive landscape of the market with some of the key players being:

• ApplicantStack
• ATS Ondemand
• Clearcompany
• Greenhouse Software
• IBM
• iCIMS
• JazzHR
• Jobvite
• Oracle
• SAP SE
• SilkRoad Technology
• SmartRecruiters
• Tribepad
• Ultimate Software
• Zoho

Breakup by Deployment:

• On-premises
• Cloud

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Component:

• Software
• Services

Breakup by End-User:

• BFSI
• IT and Telecommunications
• Government and Public Sector
• Retail
• Manufacturing
• Healthcare and Life Sciences
• Other

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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