The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Applicant Tracking System Market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
The global Applicant Tracking System (ATS) market size was USD 2.62 Billion in 2022 and is expected to register a revenue CAGR of 6.5% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for efficient talent management solutions is the key factor driving revenue growth of the market.
Companies in recent years are seeking to streamline their recruitment processes to save time and money. ATS provides a one-stop solution for managing the entire hiring cycle. This includes sourcing, screening, scheduling interviews, and onboarding new hires. For example, large organizations with multiple branches and departments have a large volume of applicants to manage. The ATS system can help them manage and track all applicants in one central location, streamlining the recruitment process and reducing the administrative burden. Another example is Small and Medium-Sized Enterprises (SMEs) that are seeking cost-effective solutions to manage their recruitment process. ATS systems offer an affordable solution, allowing SMEs to automate tasks, manage applicants and receive real-time updates on the recruitment process. Companies are recognizing the benefits of using ATS systems to manage the recruitment process, from reducing administrative burdens to finding the best-fit candidates, which has created high demand for this system in recent years.
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Report Scope:
Forecast Period: 2023- 2032
CAGR: 6.5%
Base Year: 2022
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
SAP SE, IBM, Oracle Corporation, iCIMS, Bullhorn, Inc., Cornerstone, Trakstar, Manatal, SmartRecruiters, and Bamboo HR LLC
Some Key Highlights from the Report
- The Small & Medium Sized Enterprises (SMEs) segment is expected to register steadily revenue growth rate over the forecast period due to rising adoption of this software among SMEs. Adoption of applicant tracking systems by SMEs has been on the rise in recent years.
- The competitive job market and need for more efficient and effective recruitment processes have driven SMEs to adopt ATS solutions.
- Availability of cloud-based ATS at an affordable monthly fee has made it easier for SMEs to adopt these systems without a large upfront investment.
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Emergen Research has segmented the global applicant tracking system market on the basis of component, deployment, organization size, end-use, and region:
· Component (Revenue, USD Billion; 2019-2032)
- Software
- Services
- Consulting Services
- Integration & Implementation Services
- Training, Support & Maintenance Services
· Deployment Outlook (Revenue, USD Billion; 2019-2032)
- On-premises
- Cloud
· Organization Size Outlook (Revenue, USD Billion; 2019-2032)
- Large Enterprises
- Small & Medium Sized Enterprises (SMEs)
· End-use Outlook (Revenue, USD Billion; 2019-2032)
- IT & Telecommunication
- Healthcare & Life Sciences
- BFSI
- Manufacturing
- Transportation & Logistics
- Consumer Goods & Retail
- Others
In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Applicant Tracking System market.
Key Questions Answered in the Report:
What is the growth rate of the Applicant Tracking System market? What is the anticipated market valuation of Applicant Tracking System industry by 2032?
What are the key growth driving and restraining factors of the Applicant Tracking System market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Applicant Tracking System industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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