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Applicant Tracking Systems Software Market is projected to grow at a CAGR of 6.8% within the forecast period of 2023-2030: Cognitive Market Research
Applicant Tracking Systems Software Market is projected to grow at a CAGR of 6.8% within 2023-2030: Cognitive Market Research
- The applicant tracking system (ATS) is software for recruiters and employers to track candidates throughout the recruiting and hiring process. This software can come equipped with capabilities ranging from simple database functionality to a full-service suite of tools that makes it easy for businesses of any size to filter, manage, and analyze candidates.
Increasing demand for applicant tracking systems. These systems are excellent for storing candidate information, the best ATS systems can track all communications with candidates. This makes it easy to search and filter resumes and other candidate information, decreasing time-to-fill and ensuring that companies get the best candidates for the position. Furthermore, the ATS provides a centralized platform for managing the entire recruitment workflow. It typically starts with creating and posting job listings on various job boards and career websites.
Summary:
- As per Cognitive Market Research, Global Applicant Tracking Systems Software market size was $2.84 Billion in 2022. Applicant Tracking Systems Software Industry's Compound Annual Growth Rate will be 6.8% from 2023 to 2030.
To know more about The Applicant Tracking Systems Software Market Insights click here: https://www.cognitivemarketresearch.com/applicant-tracking-systems-software-market-report
Applicant Tracking Systems Software Market Dynamics:
• Increasing demand for applicant tracking systems software in the recruitment process
Increasing demand for applicant tracking systems software in the recruitment process is the major factor expected to drive the growth of the market. The applicant Tracking System helps to manage the end-to-end recruitment process from sourcing to hiring and helps automate the organization's recruiting and staffing operations. The applicant tracking system is a software solution that helps source talent assess potential, track interview processes, evaluate performance, make offers, and hire. All of this, with the right set of report insights and analytics.
This system helps HR organize, screen, and categorize applicants who fit the position and discard those who do not fit. It aids with interview scheduling, issues notifications, and alerts, and sends automated emails to candidates and employees, such as recruiters and hiring managers. Additionally, business executives are aware of the benefits of automating the recruitment process. HR and talent acquisition have been embracing automation and AI technology.
• Enhance reporting and compliance
Applicant Tracking Systems Software Market Segmentation:
End-Use:
• BFSI
• Government
• Manufacturing
• Telecom & IT
• Consumer Goods & Retail
• Healthcare & Lifesciences
• Energy & Utilities
• Transportation & Logistics
• Others
Based on end-use Telecom & IT sector dominates the market share in 2022. The telecom and IT industry are one of the sectors that heavily rely on applicant tracking systems software due to its high volume of job applications and the need for efficient hiring processes.
Component:
• Software
• Services
Deployment Type:
• On-premises
• Cloud
Enterprise Size:
• SMEs
• Large Enterprises
Service:
• Managed services
• Professional services
Competitive Analysis for Applicant Tracking Systems Software Market: International Business Machines Corporation (IBM) , iCIMS , Oracle , PeopleFluent , Cornerstone , Workday , Bullhorn Inc. , UKG Inc. , ADP Inc , SAP
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Regional Analysis:
- North America dominated the applicant tracking system market and generated the biggest revenue share. The market's expansion is driven by industrialized nations like the U.S. and Canada. North America is going towards updated and new technology as a result of the rising usage of digital methods. In order to improve operations and obtain a competitive advantage, it also makes greater investments in cutting-edge technology.
Company Profile
IBM Corporation
IBM Corporation is a US-based technology company. The company offers computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
The company operates through four business segments including software, consulting, infrastructure, and financing. The software segment comprises two business areas as Hybrid Platform & Solutions and Transaction Processing.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Applicant Tracking Systems Software Market
Chapter 4 Global Applicant Tracking Systems Software Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Applicant Tracking Systems Software Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Applicant Tracking Systems Software Industry Mergers and Acquisition Analysis
• 5.3 Global Applicant Tracking Systems Software New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Applicant Tracking Systems Software Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Applicant Tracking Systems Software Market by End-Use Segmentation Analysis (2018-2030)
Chapter 10 Global Applicant Tracking Systems Software Market by Component Segmentation Analysis (2018-2030)
Chapter 11 Global Applicant Tracking Systems Software Market by Deployment Type Segmentation Analysis (2018-2030)
Chapter 12 Global Applicant Tracking Systems Software Market by Enterprise Size Segmentation Analysis (2018-2030)
Chapter 13 Global Applicant Tracking Systems Software Market by Service Segmentation Analysis (2018-2030)
Chapter 14 Global Applicant Tracking Systems Software Market Regional Analysis
Chapter 15 North America Applicant Tracking Systems Software Market Outlook (2018 - 2030)
Chapter 16 Europe Applicant Tracking Systems Software Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Applicant Tracking Systems Software Market Outlook (2018 - 2030)
Chapter 18 Latin America Applicant Tracking Systems Software Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Applicant Tracking Systems Software Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Applicant Tracking Systems Software Market TOC click here: https://www.cognitivemarketresearch.com/applicant-tracking-systems-software-market-report#table_of_contents
Related report:
• Tracking Devices Market - https://www.cognitivemarketresearch.com/tracking-devices-market-report
• Applicant Tracking System and Tools Market - https://www.cognitivemarketresearch.com/applicant-tracking-system-and-tools-market-report
• Tracking Software Market - https://www.cognitivemarketresearch.com/tracking-software-market-report
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• What Type of Market Research Tools Does a Business Need?: Cognitive Market Research - https://www.cognitivemarketresearch.com/blog/what-type-of-market-research-tools-does-a-business-need
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• What are the Bases Cultivating the Braille Cartons Packaging Market Forward - https://www.cognitivemarketresearch.com/articles/what-are-the-bases-cultivating-the-braille-cartons-packaging-market-forward
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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