Applicant Tracking System Market: Overview
Applicant Tracking System Market accelerates the hiring process by enabling recruiters to handle multiple tasks efficiently and save time and money, increases productivity, enhances efficiency, and provides a structure for staffing operation. Increasing demand for mobile applicant recruitment systems and the growing importance of machine learning and artificial intelligence in automating administrative tasks are expected to offer opportunities in the applicant tracking system market during the forecast period.
The global applicant tracking system market by software is expected to grow at CAGR 8.9% over the forecast period 2019–2026. The global applicant tracking system market is expected to witness significant growth during the forecast period 2019–2026. Individual applicant tracking, automated resume ranking, customized input forms, and scheduling interviews are some of the automated features that are likely to attract enterprises to buy the product.
Furthermore, a paradigm shift from the traditional recruitment process to online or e-recruitment is expected to influence the applicant tracking system market during the forecast period. Currently, Facebook and LinkedIn have 2 billion and 500 million active users respectively. According to talent sourcing solutions provider Talent Works, 48% of the candidates use social media for their recent job search.
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The Major Players Covered in this Report: BambooHR LLC (U.S.), Cornerstone OnDemand, Inc. (U.S.), IBM Corporation (U.S.), iCIMS, Inc. (U.S.), Oracle (U.S.), Paycor, Inc. (U.S.), Peoplefluent (U.S.), SAP SE (Germany), Workday, Inc. (U.S.), Zoho Corporation Pvt. Ltd. (India), & More...
By Component, Software, Service
By Deployment, Cloud, On-premise
By Organization Size, Small and Medium-Sized Enterprises, Large Enterprises
By Vertical, BFSI, Telecom & IT, Retail, Manufacturing, Others
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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Applicant Tracking System in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Applicant Tracking System market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Applicant Tracking System and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Applicant Tracking System. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Our report covers the global applicant tracking system market insights, focusing on recent developments in the market in different regions and development strategies of the companies. Moreover, following sections are specifically covered in the report.
a. Competitive Analysis
b. Market concentration of top five players
c. Applicant tracking system market analysis and forecast by region
d. Market Share analysis
e. Potential Ventures
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