Global Applicant Tracking Systems Market Research Report Information By Service, By Deployment, By Organization Size, and By Region Forecast Till 2032

Description

List of Tables

Global Applicant Tracking Systems Market Research Report Information By Service (Managed services and Professional services), By Deployment (On-Cloud and On-Premises), By Organization Size (SMEs and Large and big enterprises), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) Forecast Till 2032

Market Overview

The Global Applicant Tracking Systems Market has experienced growth in recent years, as indicated by MRFR. It is anticipated to reach USD 4,873.9 million by 2032, with a compound annual growth rate (CAGR) of 8.0% from 2024 to 2032.

Nevertheless, the automation of the recruiting process enhances the efficiency and quality of a company's hiring operations. It allows recruiters to identify candidates who possess qualities that are indicative of their likelihood of success in the workplace. Employers anticipate that by 2020, 17% of all work will be automated. Approximately 94% of USS organizations that are presently utilizing automation and robotics intend to expand their automation utilization within the next three years. The advantages of automating HR and recruiting operations are recognized by business administrators. Automation and AI technology have been incorporated into the HR and talent acquisition sectors. In fact, a LinkedIn survey on talent trends indicates that 35% of talent professionals and recruiting managers believe that AI is the most significant trend impacting the hiring process. Consequently, it is expected that this feature will expedite the revenue growth of the applicant tracking systems market.

Market segment insights

The market segmentation of applicant monitoring systems is divided into managed services and professional services based on the services they provide.

By deployment, the applicant monitoring systems market segmentation has been divided into On-Premises and On-Cloud.

The applicant monitoring systems market data has been segmented by organization size into SMEs and large and large enterprises.

Regional Perspectives

The North American applicant tracking systems market was valued at USD 1.01 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 43.90% during the study period due to the proliferation of corporate headquarters. To put it simply, the personnel here is the most technologically proficient. In order to expand operations and obtain a competitive advantage, the majority of companies focus on the development of new technologies. The manufacturing sector is anticipated to be driven by the cost reductions associated with automation and localized production.

The applicant monitoring systems market in Europe is experiencing the fastest growth rate, which is attributed to the advancements in technology that have improved the productivity of recruiters and staffing operations. Artificial intelligence is increasingly being implemented in this sector due to its efficiency and rapidity.

It is anticipated that the Asia Pacific applicant monitoring systems market will experience a significant compound annual growth rate (CAGR) in the future. In the Asia-Pacific region, it is imperative to employ applicant tracking software to recruit individuals who are both highly qualified and competent. Furthermore, the Asia-Pacific region is undergoing a rapid process of urbanization, industrialization, agricultural transformation, and economic diversification, which is resulting in an increase in employment opportunities. The popularity of applicant monitoring systems has increased as a result of the migration of more workers from rural areas to urban centers.

Major Players

International Business Machines Corporation, Jobvite, Oracle Corporation, BambooHR, Clear Company, CornerStone OnDemand, Bullhorn Inc, Exacthire, Hyrell, and IBM Corporation are among the leading companies in the applicant tracking systems market.

Product Code: MRFR/ICT/4296-HCR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TYPE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.1 DRIVERS
- 4.1.1 REQUIREMENT FOR AUTOMATION IN HIRING PROCESS
- 4.1.2 IMPROVEMENTS IN REPORTING AND COMPLIANCE
- 4.1.3 ENHANCEMENT EXPERIENCE OF CANDITATES THROUGH A STREAMLINED PROCESS
4.2 RESTRAINT
- 4.2.1 CONCERNS REGARDING INTEGRATION WITH OTHER RECRUITMENT TOOLS
4.3 OPPORTUNITY
- 4.3.1 RISING IMPLEMENTATION OF CLOUD BASED RECRUITMENT SOLUTIONS
- 4.3.2 EXTEND RECRUITER REACH AND REDUCE FRICTION
4.4 MARKET & TECHNOLOGY TRENDS
- 4.4.1 IMPROVE VISIBILITY AND COLLABORATION ACROSS RECRUITING TEAMS
- 4.4.2 GROWING ADOPTION OF ATS SOLUTIONS AMONG VARIOUS INDUSTRIES
4.5 COVID IMPACT ANALYSIS
- 4.5.1 IMPACT OF IT SECURITY INDUSTRY
- 4.5.2 IMPACT ON APPLICANT TRACKING SYSTEMS MARKET
- 4.5.3 IMPACT ON SUPPLY CHAIN
- 4.5.4 IMPACT ON YOY GROWTH 2020-22

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 DESIGNERS AND PROGRAMMERS
- 5.1.2 SOFTWARE DEVELOPERS
- 5.1.3 SYSTEM INTEGRATORS
- 5.1.4 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL APPLICANT TRACKING SYSTEMS MARKET, BY COMPONENT

6.1 OVERVIEW
6.2 MANAGED SERVICES
6.3 PROFESSIONAL SERVICES

7 GLOBAL APPLICANT TRACKING SYSTEMS MARKET, BY DEPLOYMENT TYPE

7.1 INTRODUCTION
7.2 ON-CLOUD
7.3 ON-PREMISES

8 GLOBAL APPLICANT TRACKING SYSTEMS MARKET, BY ORGANIZATION SIZE

8.1 INTRODUCTION
8.2 SMES
8.3 LARGE ENTERPRISES

9 GLOBAL APPLICANT TRACKING SYSTEMS MARKET, BY INDUSTRIES

9.1 INTRODUCTION
9.2 GOVERNMENT
9.3 IT & TELECOMMUNICATIONS
9.4 MANUFACTURING
9.5 OTHERS

10 GLOBAL APPLICANT TRACKING SYSTEMS MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 ITALY
- 10.3.3 FRANCE
- 10.3.4 SPAIN
- 10.3.5 UK
- 10.3.6 REST OF EUROPE
10.4 ASIA-PACIFIC
- 10.4.1 CHINA
- 10.4.2 INDIA
- 10.4.3 JAPAN
- 10.4.4 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.6 LATIN AMERICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 COMPETITOR DASHBOARD
11.3 COMPANY MARKET SHARE ANALYSIS, 2023 (VALUE)
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.4.1 NEW PRODUCT LAUNCH/ DEVELOPMENT
- 11.4.2 MERGER & ACQUISITION
- 11.4.3 PARTNERSHIP/COLLABORATION, INVESTMENT, EXPANSION, AND OTHERS

12 COMPANY PROFILES

12.1 ORACLE
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES:
12.2 BAMBOOHR
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 CORNERSTONE ONDEMAND INC
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 DAYFORCE
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 IBM CORPORATION
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 SWIPECLOCK
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 SWOT ANALYSIS
- 12.6.6 KEY STRATEGIES:
12.7 ICIMS, INC.
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 SWOT ANALYSIS
- 12.7.6 KEY STRATEGIES
12.8 CLEARCOMPANY
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 SWOT ANALYSIS
- 12.8.6 KEY STRATEGIES
12.9 BULLHORN, INC.
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 SWOT ANALYSIS
- 12.9.6 KEY STRATEGIES
12.10 SMARTRECRUIT, INC.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 SWOT ANALYSIS
- 12.10.6 KEY STRATEGIES
12.11 EMPLOY INC.
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS OFFERED
- 12.11.4 KEY DEVELOPMENTS
- 12.11.5 SWOT ANALYSIS
- 12.11.6 KEY STRATEGIES:
12.12 WORKDAY, INC.
- 12.12.1 COMPANY OVERVIEW
- 12.12.2 FINANCIAL OVERVIEW
- 12.12.3 PRODUCTS OFFERED
- 12.12.4 KEY DEVELOPMENTS
- 12.12.5 SWOT ANALYSIS
- 12.12.6 KEY STRATEGIES
12.13 SAP SE
- 12.13.1 COMPANY OVERVIEW
- 12.13.2 FINANCIAL OVERVIEW
- 12.13.3 PRODUCTS OFFERED
- 12.13.4 KEY DEVELOPMENTS
- 12.13.5 SWOT ANALYSIS
- 12.13.6 KEY STRATEGIES
12.14 GREENHOUSE SOFTWARE, INC.
- 12.14.1 COMPANY OVERVIEW
- 12.14.2 FINANCIAL OVERVIEW
- 12.14.3 PRODUCTS OFFERED
- 12.14.4 KEY DEVELOPMENTS
- 12.14.5 SWOT ANALYSIS
- 12.14.6 KEY STRATEGIES
12.15 UKG
- 12.15.1 COMPANY OVERVIEW. 141
- 12.15.2 FINANCIAL OVERVIEW
- 12.15.3 PRODUCTS OFFERED
- 12.15.4 KEY DEVELOPMENTS
- 12.15.5 SWOT ANALYSIS
- 12.15.6 KEY STRATEGIES
12.16 DATA CITATIONS