Applicant Tracking System (ATS) Market size To Grow by USD 745.21 million between 2022 - 2027 |The advantages of applicant tracking systems drives market - Technavio

NEW YORK, Aug. 31, 2023 /PRNewswire/ -- The Applicant Tracking System (ATS) Market size is expected to increase by USD 745.21 million from 2022 to 2027, and the market's growth momentum will accelerate at a CAGR of 5.69%. The growth of the market depends on several key factors, encompassing the benefits rendered by applicant-tracking systems, the increasing adoption of cloud-based applicant-tracking systems, and the digital transformation of HR departments within organizations. The applicant tracking systems market research report provides valuable insights on the post-pandemic impact on the market, which will help companies evaluate their business approaches. Download the sample report now

Applicant Tracking System (ATS) Market Driver: 2023 – 2027

The advantages of applicant tracking systems drive the market growth. ATS is revolutionizing recruitment processes through its focus on three key recruitment parameters: time to hire, cost per hire, and quality of hire. This modern approach outperforms traditional recruitment methods by streamlining and simplifying the hiring process. Notably, ATS serves as a powerful sourcing tool for human capital management, addressing the challenges of traditional methods that tend to be time-consuming and costly. The flexibility of ATS pricing models, such as salary per recruit, position, module, or employee, further enhances its cost-efficiency compared to conventional approaches. The ability of ATS to offer flexible cost benefits and deliver higher returns on investment compared to traditional methods is expected to improve the global ATS market's growth trajectory over the forecast period. 

Applicant Tracking System (ATS) Market Segmentation: 2023 - 2027

The applicant tracking systems market is segmented by end-user (BFSI, government, telecom and IT, healthcare and life sciences, and others), deployment (on-premise and cloud-based), and geography (North America, Europe, APAC, Middle East, and Africa, and South America).

View Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Applicant Tracking System (ATS) Market Challenges: 2023 – 2027

Despite its promising growth, the applicant tracking systems (ATS) market encounters notable challenges that need attention. One significant challenge lies in the limitations inherent to ATS platforms. These systems struggle with reading diverse file formats, potentially leading to the oversight of ideal candidates. Additionally, they face difficulties in assessing the long-term quality of applicants and often rely on specific keywords, limiting the breadth of their search scope. This is further exacerbated by the necessity for manual intervention to optimize resumes before uploading them to the ATS tool. These constraints restrain the growth of the global applicant tracking systems market throughout the forecast period. 

Key Companies in the Applicant Tracking System (ATS) Market: 2023 - 2027

• Applied Training Systems Inc.
• Arcoro
• ClearCo. Inc.
• Cornerstone OnDemand Inc.
• iCIMS Inc.
• International Business Machines Corp.
• Jobvite Inc.
• Learning Technologies Group Plc
• Oracle Corp.
• Paycor Inc.
• SAP SE
• Self Management Resources Corp.
• Silkroad Technology Inc.
• Skeeled HR S.a.r.l.
• UKG Inc.
• Workday Inc.
• Zoho Corp. Pvt. Ltd.

Buy full report on Applicant Tracking System (ATS) Market and make informed decisions

Related Reports:

Global Employee Training and Applicant Tracking Software (ATS) Market: As per the Technavio's employee training and applicant tracking software market analysis report, this sector is expected to grow at a steady rate and post a CAGR of more than 7% during the forecast period. Segmentation by end user and analysis of the employee training and ATS market include Healthcare, Technology, Financial services, Professional services and Retail.

Recruitment Process Outsourcing Market: The recruitment process outsourcing market is estimated to grow at a CAGR of 15.2% between 2022 and 2027. The size of the market is forecast to increase by USD 7,600.36 million. This report extensively covers market segmentation by end-user (IT and telecom, manufacturing, BFSI, healthcare, and others), type (large enterprises and SMEs), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

Table of Contents:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by end-user
7. Market Segmentation by deployment
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, & Trends
11. Company Landscape
12. Company Analysis
13. Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio