Applicant Tracking System Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Applicant Tracking System Market By Component (Software, Services and Solution), By Deployment (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), End Users (BFSI, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Others) and Geography

 

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Report

Description

The global applicant tracking system market is expected to be valued at US$ 596.2 million in market and growing at a CAGR of 19.5 % over the forecast period by 2028. There are certain key factors which is consider as the drivers for global application tracking system market is reduction of recruitment related costs which help in improving overall cost per hire. There are a few restrains which hung the growth such as automated system may reject the deserving candidates; software related issues hinder the growth of market. Increase in demand for skill-based professionals act as important opportunity for the global market to conquer. This report gives comprehensive outlook on market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes on the basis of component, deployment, organization size, end user and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global applicant tracking system market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global applicant tracking system market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global market.


Applicant Tracking System Market

MARKET SUMMARY
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19.5% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 19.5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Applicant Tracking System Market

  • Global applicant tracking system market expanding at significant CAGR over 2022 to 2028 owing due to increase in mobile based recruitment
  • Based on region, North America accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.
Market Key Players
  • ApplicantStack
  • Oracle Corporation
  • iCIMS, Inc.
  • Workable Software Ltd.
  • Hyrell
  • Bullhorn, Inc.
Drivers And Restraints

Applicant Tracking System Market

It is noticed that the global application tracking system market has a significant growth rate on perspective with the increase in mobile based recruitment. As we live in a digital era when technology play a vital role in daily life. Global Applicant Tracking system market has been designed for the employers and for recruiting companies for their routine work environment. It has been estimated that over 90% of them use their mobile devices to look for that dream job. 45% does so on a daily basis, while. A mere 89% of those who are job-hunting believe that mobile devices are a crucial part of the job seeking process hence boosting the global market substantially.


North-America got significant share

Applicant Tracking System Market

North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year owing to gaining prominence of the cloud-based applicant tracking software mostly in developed nations. For instance, North America contribute 44 % towards the global application tracking system market by upgraded technology and advancement with high investment by market players and digital business strategies. Europe with 25% and Asia Pacific with 21% with positive economic outlook constrains like improved technology adaptation and favorable reimbursement policies hence providing a revenue towards the global application tracking system market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market and forecast.
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Developments:

Segmentation

Applicant Tracking System Market


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • ApplicantStack
  • Oracle Corporation
  • iCIMS, Inc.
  • Workable Software Ltd.
  • Hyrell
  • Bullhorn, Inc.
  • ClearCompany
  • Greenhouse Software, Inc.
  • Jobvite Inc.
  • Automatic Data Processing, Inc.
  • SAP SE
  • 4Talent
  • Grupo Navent S.R.L
  • GUPY Tecnologia em Recrutamento LTDA
  • Kenoby
  • Pemasys

Description

The global applicant tracking system market is expected to be valued at US$ 596.2 million in market and growing at a CAGR of 19.5 % over the forecast period by 2028. There are certain key factors which is consider as the drivers for global application tracking system market is reduction of recruitment related costs which help in improving overall cost per hire. There are a few restrains which hung the growth such as automated system may reject the deserving candidates; software related issues hinder the growth of market. Increase in demand for skill-based professionals act as important opportunity for the global market to conquer. This report gives comprehensive outlook on market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes on the basis of component, deployment, organization size, end user and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global applicant tracking system market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global applicant tracking system market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global market.

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