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Applicant Tracking System Market by Component, Deployment, Organization Size, Vertical And Region - Global Forecast to 2023

Applicant Tracking System Market by Component, Deployment, Organization Size, Vertical And Region - Global Forecast to 2023

  • July 2018
  • 132 pages
  • ID: 5472848
  • Format: PDF
  • By MarketsandMarkets

Summary

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Growth in geographically diverse talent acquisition and increasing need to automate recruitment processes are expected to drive the Applicant Tracking System (ATS) market
The ATS market size is expected to grow from USD 1.21 billion in 2018 to USD 1.81 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. Focus on enhancing candidate experience and an emerging need for analytics are major growth factors for the market. However, lack of awareness about the benefits of ATS could affect the growth of the ATS market.

Service type is expected to grow at a higher rate during the forecast period
Services are an important part of ATS offerings.ATS services assist and support organizations across industries in effectively dealing with candidate sourcing, resume tracking, and finally the onboarding of the selected candidates.

The various significant benefits of ATS services include huge cost savings, trained resources, 24X7 customer service availability, and support for recruiters using the ATS software.

Cloud deployment is expected to grow at a higher rate during the forecast period
The cloud deployment of ATS software offers various benefits, such as enhanced security, improved scalability, better flexibility, and lower costs.The rise in data generation and use of advanced technologies such as IoT and analytics are leading to the greater adoption of the cloud deployment type, due to the benefits of enhanced and organized storage, and ready availability of data when required.

These factors are driving the adoption of cloud-based applicant tracking systems.

North America is expected to hold the largest market size, and Asia Pacific (APAC) to grow the fastest
North America is expected to hold the largest market size during the forecast period, as organizations are shifting toward new and upgraded technologies with the increasing adoption of digital business strategies.Furthermore, organizations have invested in advanced technologies to gain a competitive advantage and improve business operations.

APAC is expected to be the fastest-growing region in the global ATS market, owing to the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and the tendency of ATS to drive user experience and improve the recruitment issues.

The break-up profiles of primary participants are given below:
• By company: Tier 1 – 43%, Tier 2 – 35%, and Tier 3 – 22%
• By designation: C-level – 60%, Director level – 25%, and Others – 15%
• By region: North America – 44%, Europe – 25%, APAC – 21%, and RoW – 10%

The following key players in the ATS market are profiled in the report:
1. Oracle (US)
2. IBM (US)
3. SAP (Germany)
4. Cornerstone (US)
5. ADP (US)
6. iCIMS (US)
7. Jobvite (US)
8. PeopleFluent (US)
9. SilkRoad Technology (US)
10. Paycor (US)
11. Greenhouse Software (US)
12. Workday (US)
13. Ultimate Software (US)
14. JazzHR (US)
15. ClearCompany (US)
16. BambooHR (US)
17. Racarie Software (US)
18. Zoho (US)
19. SmartRecruiters (US)
20. Ascentis (US)
21. Recruiterbox (US)
22. Infor (US)
23. ResumeWare (US)
24. TribePad (UK)
25. ATS OnDemand (US)

Research Coverage
The ATS market has been segmented on the basis of component, deployment type, organization size, vertical, and region. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, services, key strategies, new service launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the ATS market.

The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the ATS market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across major regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report helps stakeholders in better understanding the competitors and gaining more insights to better their position in the business. The competitive landscape section includes the vendor comparison of the major players in the ATS market.

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