Polaris Market Research announces the release of its latest research report titled Applicant Tracking System Industry. The study defines the market and presents key statistics on market size, historical growth, and future projections. It also includes relevant data points such as Applicant Tracking System market value, volume, and CAGR. The size of the overall market in the study has been estimated based on consumption patterns and trade trends in various regions. Besides, data triangulation and market breakdown procedures have been used to arrive at the exact statistics for all the segments and sub-segments in the market.
The data in the report has been triangulated by studying various factors and aspects from the supply and demand sides. Along with that, the market values have been validated by using bottom-up and top-down approaches. The research study includes tables, charts, detailed data, and other supplementary material to help readers comprehend the key stats and other information easily.
According to the research report published by Polaris Market Research, the global applicant tracking system market was valued at USD 2.35 billion in 2021 and is expected to reach USD 4.20 billion by 2030, to grow at a CAGR of 6.9% during the forecast period.
Market Trends and Future Outlook:
The research report explores the broader market context and predicts the trajectory of the market in the coming years.
Emerging Trends: Sheds light on the emerging trends likely to influence the market, including regulatory changes, shifts in consumer preferences, and new technologies.
Growth Projections: Offers future market growth projections, including anticipated growth rates and potential opportunities.
Market Forecasting: Includes forecast models that predict market performance over the forecast period.
Restraints and Challenges: Covers potential market restraints and challenges that may impact future market performance.
Browse Full Insights:
https://www.polarismarketresearch.com/industry-analysis/applicant-tracking-system-market
Competitive Landscape:
This section of the research report offers an in-depth overview of the competitive landscape of the market. It lists all the major players operating in the market, covering their Applicant Tracking System market share, business operations, and positioning. Also, it compares competitors based on key factors such as product/service offerings, distribution channels, brand strength, and pricing strategies. SWOT analysis has been included in the report to highlight the strengths, weaknesses, opportunities, and threats of major market participants. Further, an examination of competitive strategies, such as partnerships, product differentiations, and pricing, has been covered in the report.
Few of key market players are:
- ADP
- ATS OnDemand
- BambooHR
- Breezy HR
- Bullhorn
- CEIPAL
- ClearCompany
- Cornerstone
- Greenhouse Software
- IBM
- iCMIS
- JazzHR
- Jobvite
- Lever
- Oracle
- Paycor
- PeopleFluent
- SAP
- Silkroad Technology
- Skeeled
- SmartRecruiters
- TalentNest
- Trakstar Hire
- Ultimate Software
- Workday
Market Segmentation
The applicant tracking system (ATS) market is segmented based on component, deployment mode, organization size, application, and end-user industry.
- By Component: The market comprises software and services. The software segment includes standalone solutions and integrated systems, while services cover implementation, training, and support.
- By Deployment Mode: Deployment is categorized into on-premises and cloud-based solutions, with cloud-based ATS gaining traction due to scalability and cost-effectiveness.
- By Organization Size: The market serves large enterprises and small-to-medium enterprises (SMEs), with SMEs increasingly adopting ATS to streamline recruitment processes.
- By Application: Key applications include candidate management, job posting, resume management, and reporting and analytics. Advanced features like AI-powered screening and automation are driving the adoption of ATS in diverse use cases.
- By End-User Industry: The market caters to sectors such as IT and telecommunications, BFSI, healthcare, retail, manufacturing, and education. Industries with high-volume recruitment needs are particularly reliant on ATS to enhance hiring efficiency and reduce time-to-hire.
Regional Outlook
The applicant tracking system market demonstrates robust growth across major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
- North America: Dominates the market due to the widespread adoption of digital recruitment tools, the presence of key players, and high demand for automated HR solutions in industries like IT and healthcare.
- Europe: Exhibits steady growth, driven by increasing adoption of cloud-based ATS and compliance with labor regulations that emphasize streamlined hiring processes.
- Asia-Pacific: Emerges as the fastest-growing region, fueled by rapid digitization, expanding SME sectors, and a rising focus on modernizing recruitment strategies in countries like India, China, and Japan.
- Latin America: Shows promising growth potential as organizations in this region increasingly embrace ATS to optimize recruitment processes in a competitive talent landscape.
- Middle East & Africa: Growth is supported by investments in HR technology, particularly in GCC countries, where enterprises aim to enhance hiring efficiency amid expanding economic diversification initiatives.
Below are major regions and sub-regions covered in research report:
• North America: US, Canada
• Europe: France, Germany, UK, Italy, Netherlands, Spain, Russia, and Rest of Europe
• Asia Pacific: Japan, China, India, Malaysia, Indonesia, South Korea, and Rest of Asia Pacific
• Latin America: Brazil, Mexico, Argentina, and Rest of Latin America
• Middle East & Africa: Saudi Arabia, UAE, Israel, South Africa, and Rest of Middle East & Africa
Report Answers Questions Such As:
• What is the current market size and forecast value?
• At what CAGR is the market anticipated to grow?
• What are the major factors propelling the Applicant Tracking System market demand forward?
• What are the major market challenges and opportunities?
• Who are the top market participants?
• How will strategic developments impact market growth in the coming years?
Conclusion:
The Applicant Tracking System market research report includes a comprehensive conclusion section summarizing all the key insights drawn from the study. Also, it offers actionable recommendations based on the research findings that businesses can use to capitalize on opportunities and address challenges. Further, all sources of data and information have been referenced in the report.
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