This Applicant Tracking Systems Market report provides a detailed overview on the industry including both qualitative and quantitative information. It provides an overview based on devices and end user. The Applicant Tracking Systems Market report analyzes the factors affecting the market from both demand and supply side and further evaluates market dynamic effecting the market during the forecast period i.e drivers, restraints, opportunities and future trend. The Applicant Tracking Systems Market report also provides exhaustive PEST Analysis for all regions names North America, South America, Asia and Pacific region, Middle east and Africa and other vital region across the globe.
The Applicant Tracking Systems Market report also includes the profiles of key patient monitoring manufacturing companies along with their SWOT analysis and market strategies. In addition, the Applicant Tracking Systems Market report focuses on leading industry players with information such as company profiles, products and services offered, financial information, key development in past five year. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Data Bridge Market Research analyses that the applicant tracking systems market will exhibit a CAGR of 8.62% for the forecast period of 2022-2029 and is likely to reach the USD 2.77 billion by 2029.
Definition
An applicant tracking system (ATS) is an application that collects and stores resumes in a database to manage an organization's recruitment process. After scanning and indexing resumes, ATS stores them in a database and provides recruiters with an online view of job searchers. To process job applications and manage a huge volume of resume data, the majority of the company uses some form of applicant tracking system application. The data is either retrieved from social networking websites like LinkedIn, Facebook, and Twitter or acquired from internal applications using ATSs.
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Key Growth Drivers:
The applicant tracking systems market is being driven by the rise in geographically diverse talent acquisition. Growing demand to automate recruitment processes is a major factor driving the market's growth. The rising focus on improving candidate experience is driving up demand for applicant tracking systems market. Other significant factors such as growing urbanization and the rising need for analytics metrics will cushion the growth rate of applicant tracking systems market. Another vital factor includes the increasing awareness about the benefits of system and surge in the adoption rate of cloud based technologies will accelerate the growth of applicant tracking systems market. Furthermore, technological advancements and increase in the digitalization will influence the applicant tracking systems market for the forecast period mentioned above.
Moreover, the increase in the adoption rate of new technological solutions and surging demand for mobile recruitment will boost the beneficial opportunities for the applicant tracking systems market growth. Due to the strong demand from various end-use industries and collaboration with social media platforms simplifying applicant tracking processes is expected to grow in the future years.
The report emphasizes the participation of key entities, notably:
ADP, Inc., Learning Technologies Group Inc., Oracle, IBM, UKG Inc., iCIMS, Jobvite, Inc., SilkRoad Technology, SAP SE, Paycor, Inc., Greenhouse Software, Inc., Workday, Inc., Trakstar, Infor, JazzHR., ClearCompany, Bamboo HR LLC., Racarie Software, Zoho Corporation Pvt. Ltd., and Ascentis Corporation, among others.
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Applicant Tracking Systems MarketCompound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Component (Software, Services), Organisation Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment Type (Cloud, On-Premise), Vertical (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Others), Social Media Integration (Facebook, LinkedIn, Twitter)
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