The Applicant
Tracking System (ATS) Market is expected to reach USD 2.34 Billion
by 2026, according to a new report by Reports and Data. Applicant Tracking
System is software that implements the task of short listing candidates by
selecting their resumes. With specialties like scheduling interview and
candidate tracking, this software helps in handling the recruitment process
effortlessly.
The increase in growth is mainly
associated with the adoption of advanced cloud technology services that allows
thousands of customers to access similar resources helping companies to cut
down their expenses. Based on statistics, the penetration of advanced cloud
based platforms that helps to develop new technology is also a significant
factor stimulating market demand.
Companies are competing and
adapting various strategic methods to develop more innovative products and mark
their presence in the market place. Applicant tracking software solutions
assist businesses to promote themselves through brand knowledge marketed
especially for qualified job seekers.
Due the presence of advanced
economies, like the United States (US) and Canada, North America is estimated
to hold the largest share of 47.3% in 2018. North America is the most developed
region in the ATS market, as almost all large enterprises are located in this
region. The driving factor of the market in this region is the rising
investments from several organizations for technology advancement to gain a
competitive advantage and enhanced business operations.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
Ø The
Applicant Tracking System (ATS) Market is estimated to reach USD 2.34 Billion
by 2026, at a CAGR of 8.0% during the forecast period.
Ø The
service segment is anticipated to grow at a higher rate of 8.2% during the
forecast period.
Ø The
demand for the services is increasing, along with the growing adoption of
Application tracking software among industries.
Ø Cloud
deployment is anticipated to witness a higher CAGR of 8.2% during the forecast
period.
Ø Telecom
and IT end user accounts for the largest share of 27.3% of the market in 2018.
Ø The
IT and telecommunications end user is changing, along with the rapidly evolving
technologies which are facilitating the rising need to hire qualified and
experienced employees.
Ø ATS
helps the organizations when the job market is changing, and there is a rising
competition among the recruiters for attracting, sourcing, and procuring
talent.
Ø Large
enterprises segment accounts for the larger share of 63.8% of the market in
2018.
Ø With
the help of an application tracking system, recruiters and HR personnel can
manage communication, promote open positions, improve the company brand,
perform analytics, collect data, and control employee referrals.
Ø Every
business from small to the enterprise can be benefitted by executing an ATS
into their hiring method.
Ø A
successful ATS can benefit the company directly in other ways as well.
Ø APAC
is forecasted to be the fastest growing market with the highest rate of 8.4%
during the forecast period.
Ø The
drivers for the growth of this region are the presence of key players, favorable
reimbursement policies, and rising use of technology in emerging countries like
India, and China, along with several initiatives taken by the governments.
Ø The
Key players in the Applicant Tracking System (ATS) Market include Oracle, SAP,
IBM, Cornerstone, iCIMS, ADP, PeopleFluent, Jobvite, SilkRoad Technology,
BambooHR, Racarie Software, Greenhouse Software, Paycor, Workday, JazzHR,
Ultimate Software, ClearCompany, Zoho, SmartRecruiters, Ascentis ,
Recruiterbox, Infor, ResumeWare, TribePad, and ATS OnDemand
Download FREE Sample Copy of This Research Report at: https://www.reportsanddata.com/sample-enquiry-form/1575
For the purpose of this study, Reports and Data have segmented the market
on the basis of Deployment, Organization size, Offerings, End user and region:
Deployment Outlook (Revenue,
USD Million; 2018-2026)
- On-premises
- Cloud
Organization size Outlook (Revenue,
USD Million; 2018-2026)
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
Offerings Outlook (Revenue,
USD Million; 2018-2026)
- Software
- Services
End user Outlook (Revenue, USD
Million; 2018-2026)
- IT and Telecommunications
- Banking, Financial Services, and Insurance
- Government and Public Sector
- Retail and Consumer Goods
- Others
Regional Outlook (Revenue, USD
Billion ; 2018-2026)
- North America
- U.S.
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East and Africa
Read More Report of Information and Communication Technology Category
at: https://www.reportsanddata.com/report/category/information-technology
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