Applicant Tracking Systems: Global Market Outlook to 2023 - Growth in Geographically Diverse Talent Acquisition is a Key Driving Factor
DUBLIN, July 10, 2018 /PRNewswire/ --
The "Applicant Tracking System Market by Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size, Vertical (Retail and Consumer Goods, Government and Public Sector, and Manufacturing), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Applicant Tracking System (ATS) market 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. The demand for ATS is expected to be driven by many factors, such as low costs, flexibility, scalability, and security. ATS offers accelerated Time-to-Market (TTM) and enhanced recruiting processes.
The Applicant Tracking System market has been segmented on the basis of component, deployment mode, organization size, vertical, and region.
The service type is expected to grow at a higher CAGR during the forecast period, and the software type is estimated to hold a larger market size in the ATS market in 2018. The adoption of ATS software and services among enterprises has become a central part of the business process, due to the ease of use and the flexibility they offer, and is expected to grow in the coming years.
The on-premises deployment type is estimated to hold a larger market size in 2018. As the Applicant Tracking System market is growing, the need to deploy software that are compatible with the on-premises infrastructure at a low cost is also becoming essential. The integration and deployment of the ATS software enables archiving, retention, and communication within the corporate infrastructure. As the number of candidate applications is increasing, enterprises are looking to use the ATS software to track the data across all storage locations, such as datacenters, network file shares, hard disks, and local machines, within the organization.
North America is estimated to hold the largest market size in 2018, whereas the Asia-Pacific (APAC) region is projected to grow at the highest CAGR in the Applicant Tracking System market during the forecast period. An increasing need for efficient recruiting process and complete security while operating in physical, virtual, or cloud environments is expected to drive the global ATS market.
Growth in geographically diverse talent acquisition, increasing need to automate recruitment processes, focus on enhancing candidate experience, and emerging need for analytics metrics are major growth factors for the market. However, lack of awareness about the benefits of ATS could affect the growth of the market.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Applicant Tracking System Market
4.2 Market By Component, 2018
4.3 Market By Deployment Type, 2018
4.4 Market Investment Scenario, 2018-2023
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Geographically Diverse Talent Acquisition
5.2.1.2 Increasing Need to Automate Recruitment Processes
5.2.1.3 Focus on Enhancing Candidate Experience
5.2.1.4 Emerging Need for Analytics Metrics
5.2.2 Restraints
5.2.2.1 Lack of Awareness About the Benefits of ATS
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Mobile Recruitment
5.2.3.2 Collaboration With Social Media Platforms Simplifying Applicant Tracking Processes
5.2.4 Challenges
5.2.4.1 Limited Technical Expertise for Using Advanced ATS
5.2.4.2 Integration of ATS Software With Other Systems
5.3 Case Studies
5.3.1 Introduction
5.3.2 Use Case #1: Hyrell-Greater Richmond ARC
5.3.3 Use Case #2: Tribepad-Tesco
5.3.4 Use Case #3: Breezy Hr-Giant Swarm
6 Applicant Tracking System Market, By Component
6.1 Introduction
6.2 Software
6.3 Services
7 Market By Deployment Type
7.1 Introduction
7.2 On-Premises
7.3 Cloud
8 Applicant Tracking System Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises
9 Market By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 IT and Telecommunications
9.4 Government and Public Sector
9.5 Retail and Consumer Goods
9.6 Manufacturing
9.7 Healthcare and Life Sciences
9.8 Others
10 Applicant Tracking System Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 India
10.4.3 Australia and New Zealand
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 United Arab Emirates
10.5.2 South Africa
10.5.3 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Competitive Situations and Trends
11.2.1 Partnerships, Agreements, and Collaborations
11.2.2 New Product Launches and Product Enhancements
11.2.3 Business Expansions
11.2.4 Mergers and Acquisitions
12 Company Profiles
12.1 Oracle
12.2 IBM
12.3 SAP
12.4 Cornerstone
12.5 ADP
12.6 Icims
12.7 Jobvite
12.8 Peoplefluent
12.9 Silkroad Technology
12.10 Paycor
12.11 Greenhouse Software
12.12 Workday
12.13 Ultimate Software
12.14 Jazzhr
12.15 Clearcompany
12.16 Bamboohr
12.17 Racarie Software
12.18 Zoho
12.19 Smartrecruiters
12.20 Ascentis
12.21 Recruiterbox
12.22 Infor
12.23 Resumeware
12.24 Tribepad
12.25 ATS Ondemand
For more information about this report visit https://www.researchandmarkets.com/research/74kdv3/applicant?w=5
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