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Applicant Tracking System (ATS) Market to Witness Astonishing Growth, Top Key Players, Business Opportunities To 2025

The global applicant tracking system market accounted for US$ 675.3 Mn in 2017 and is expected to grow at a CAGR of 9.2% during the forecast period 2018 – 2025, to account for US$ 1345.7 Mn in 2025.


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Aniket Parsankar

a year ago | 3 min read

The Applicant Tracking System (ATS) Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally the marketing, feasibility of new investment projects are assessed and overall research conclusions offered.

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Rapid expansion of the cloud-based services has resulted in a dynamic and a very competitive software industry environment globally. Cloud based applicant tracking software implementations characteristically do not require high capital investments, thereby keeping a company’s IT infrastructure model very cheap and consistent. Thus, this model could bring significant profits for any organization and at an early stage itself. This problem is also easily solved using the model. The cost savings with the help of shared infrastructure model is done with respect to the software licenses, electricity, maintenance fees, eliminating the cost of servers and other storage devices, consultant fees, data center space, and IT personnel.

ATS is a service based business model that has witnessed rapid growth as a result of growing penetrations of smartphones and related devices in the global market. As the service is a digital data driven service, it is anticipated to be benefited with the advancements in the digital world such as analytics. Analytics would enable the mobility service provider company to understand the preferences of each customer and thereby send out optimized routes & means of transport to the customer.

The component segment of applicant tracking system market is segmented into solution and services. There are briefly two categories of ATS solution, one is designed for the employers and the second is for recruiting companies. Each of this software has its own specification tailor made to the demand of the end-users. Taleo, Kenexa-Brassring, Jobvite, iCims, and SAP-SuccessFactors are some of the major ATS solutions widely used across the globe.

The Innovative Key Players Are:

ApplicantStack

Oracle Corporation

iCIMS, Inc.

Workable Software Ltd.

Hyrell

Bullhorn, Inc.

ClearCompany

Greenhouse Software, Inc.

Jobvite Inc.

Automatic Data Processing, Inc.

SAP SE

Key findings of the study:

In 2017, North America is expected to hold the largest revenue share of global applicant tracking system market. The recruiting, staffing and workforce solution industry has made a noteworthy contribution to the U.S economy and also offered superlative career and job opportunities for more than 15 million prospects every year. For the coming years as well the staffing and recruiting industry in the region is projected to experience continued growth and steady demand owing to stabilizing of all indicator points (including population growth, decreasing labor force participation, and lower unemployment rate)..

APAC region is expected to witness the highest CAGR growth during the forecast period.

The global applicant tracking system market by end-user was led by IT & telecom segment in the year 2017 and is anticipated to continue its dominance during the forecast period. Despite of slightly gloomy employment outlook the IT & telecom sector is expected to boost the adoption of applicant tracking systems based on two major factors. The first one it’s the rising demand of talents across the globe and increasing count of applicants every day. In order to effectively manage these employees, the IT & Telecom companies are increasingly deploying applicant tracking systems. The second factor is the spending capability of the IT & Telecom companies. IT & Telecom imbibe the highest spending capability on the upcoming technologies owing to which the sector is expected to contribute significant profits to the applicant tracking system.

The research provides answers to the following key questions:1.What is the estimated growth rate of the market for the forecast period 2018–2025? What will be the market size during the estimated period?2. What are the key driving forces responsible for shaping the fate of the Applicant Tracking System (ATS) market during the forecast period?3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Applicant Tracking System (ATS) market?4. What are the prominent market trends influencing the development of the Applicant Tracking System (ATS) market across different regions?5. What are the major threats and challenges likely to act as a barrier in the growth of the Applicant Tracking System (ATS) market?6. What are the major opportunities the market leaders can rely on to gain success and profitability?

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

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