Applicant Tracking Systems Market Top Impacting Factors: Market Scenario Analysis, Trends & Review from Aryan's blog

Applicant Tracking Systems Market Analysis

The Applicant Tracking Systems Market Size report includes verified and revalidated market figures such as CAGR, gross margin, revenue, price, production growth rate, volume, value, market share, CAGR, drivers, challenges, segmentation, SWOT analysis and forecast. Market Research Future (MRFR) predicts the applicant tracking systems market to grow at a CAGR of 10% from 2017-2023 (forecast period).

The software-as-a-service is integrated into the system is commonly used by businesses to recruit candidates. The applicant tracking systems automate recruiting and staffing operations of any organization. It is often referred to as a talent management system. In 2016, the on-cloud deployment segment led the applicant tracking systems industry with a market share of more than 60%. It boosts staffing efficiencies and productivity, allowing better control of the recruiting process for qualified applicants.

The growing adoption of cloud-based applicant tracking software, which is used to track employees in organizations, is one of the factors driving the applicant tracking systems market development. In Mar 2018, MyJobo went into partnership with Broadbean Technology (a subsidiary of CareerBuilder). The company is incorporating software with applicant tracking systems and human resources information systems as part of this collaboration. These businesses use applicant tracking systems to post online job applications on the internet.

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Applicant Tracking Systems Market Opportunities

This software provides the companies the flexibility of raising the customization of the software which fulfills the need of the end-users. Moreover, the ATS feature has helped in fulfilling the hiring process starting from the applicant's life and ending the employee’s life.

COVID-19 Impact on the Global Applicant Tracking Systems Market

Implementation of a series of regulations by governments of different nations to deal with the COVID-19 crisis, such as a full shutdown of manufacturing units, is found to have an impact on the development of the global applicant tracking systems industry.

Applicant Tracking Systems Market Key Players

Some of the notable players active in the global applicant tracking systems market are

• Oracle Corporation (U.S.)
• ExactHire (U.S.)
• BambooHR (U.S.)
• Cornerstone OnDemand Inc. (U.S.)
• IBM Corporation (U.S.)
• Jobvite Inc. (U.S.)
• Workday, Inc. (U.S.)
• Lumesse Limited (England)
• Paycor (U.S.)
• SAP (SuccessFactors) (Germany)
• ApplicantStack (U.S.)
• Bullhorn, Inc. (U.S.)
• Hyrell (U.S.)
• Findly Talent LLC (U.S.)
• iCIMS, Inc. (U.S.)
• ClearCompany (U.S.) 

Applicant Tracking Systems Market Segmentation

The global applicant tracking systems market has been segmented into services, deployment, organization size, and industries.

By service, the global applicant tracking systems market has been segmented into managed services and professional services.

Based on deployment, the global applicant tracking systems market has been segmented into on-cloud and on-premises.

Based on organization size, the global applicant tracking systems market has been segmented into SMEs and large enterprises.

Based on industries, the global applicant tracking systems market has been segmented into government, IT telecommunication, manufacturing, and others.

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Applicant Tracking Systems Market Regional Analysis

The global applicant tracking systems industry is spanned across regions including North America, Europe, Asia Pacific, and the Rest of the World.

In terms of market share, North America is the world's leading region. Because of the growing adoption of artificial intelligence, which is propelling market growth to a large extent, the applicant tracking systems market in this area is in high demand. The market in Europe is expected to expand rapidly due to technological advancements in applicant tracking systems, which boost staffing operations, increase recruiter productivity, and others. At the same time, Asia Pacific countries like China, Japan, and India are emerging markets for applicant tracking systems, with the highest CAGR predicted in the coming years.

Key Points Covered in the Report:

• The Applicant Tracking Systems research assesses the industry’s share in terms of demand and supply, as well as volume.
• The study mentions the market share acquired by each product category in terms of consumption value and volume.
• The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
• The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
• The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
• There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.

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