According to the latest report by IMARC Group, titled “Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market is currently witnessing strong growth. The global Applicant Tracking System Market to exhibit moderate growth during the next five years. An applicant tracking system (ATS) is the software that automates, organizes and monitors the recruiting and staffing operations of an organization. It acts as a central repository for candidate data and enables the recruiters to streamline the hiring process by filtering qualified and deserving candidates for the job. It helps in scheduling interviews, sending rejection letters, digitally handling the required paperwork and minimizing the overall workload. Besides this, ATS eliminates human bias and errors as the software screens the job application postings across multiple job boards.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Applicant Tracking System Market Trends:
Organizations around the world are focusing on automating the recruitment and hiring process to save their time and efforts. Consequently, they are adopting software-as-a-service (SaaS) systems that improve staffing efficiencies and productivity. Apart from this, ATS enables companies to use strategic methods for promoting their brand and attracting qualified job seekers. Furthermore, the increasing penetration rate of cloud-based platforms, in confluence with the adoption of mobile-based recruitment systems, acts as another factor that is propelling the growth of the market. Additionally, the growing need for replacing conventional hiring methods, improving the quality of hiring decisions, and reducing time-wastage and costs is escalating the demand for applicant tracking systems across the globe.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- ATS Ondemand
- Greenhouse Software
- SAP SE
- SilkRoad Technology
- Ultimate Software
Applicant Tracking System Market Segmentation:
Breakup by Deployment:
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Component:
Breakup by End-User:
- IT and Telecommunications
- Government and Public Sector
- Healthcare and Life Sciences
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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