India – March 16, 2022 —
Applicant Tracking Systems Market Research Report- Forecast till 2027
Market Highlights
Market Research Future (MRFR) predicts the global applicant tracking systems market to reach 1.8 billion growing at a CAGR of 10% from 2017-2023 (forecast period).
The software-as-a-service is integrated into the system is commonly used by businesses to recruit candidates. The applicant tracking systems automate recruiting and staffing operations of any organization. It is often referred to as a talent management system. In 2016, the on-cloud deployment segment led the applicant tracking systems industry with a market share of more than 60%. It boosts staffing efficiencies and productivity, allowing better control of the recruiting process for qualified applicants.
Applicant tracking systems are used for recruitment purposes in organizations. They help track and maintain a detailed database about applicants and the organization’s specific needs, allowing easy matchups between the given criteria. The functioning of an applicant tracking systems is much like the more popular customer relationship management platforms, wherein various details about an organization’s customers are stored in order to allow the organization to know their customers better and thus make better product and marketing decisions. An applicant tracking system functions in a similar way, using various aspects of information about applicants to deliver the best results for the organization. The global applicant tracking systems market has grown rapidly over the last few decades with the growing adoption of digital systems in HR departments.
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Segmentation:
The global applicant tracking systems market is segmented by service type, deployment, end-use industry, organization size, and region.
By service type, the global applicant tracking systems market is segmented into managed and professional services.
By deployment, the global applicant tracking systems market is segmented into cloud and on-premise.
By end use, the global applicant tracking systems market is segmented into the government sector, IT & telecom, manufacturing, and others.
By organization size, the global application tracking systems market is segmented into SMEs and large organizations.
Regional Analysis:
The global applicant tracking systems industry is spanned across regions including North America, Europe, Asia Pacific, and the Rest of the World.
In terms of market share, North America is the world’s leading region. Because of the growing adoption of artificial intelligence, which is propelling market growth to a large extent, the applicant tracking systems market in this area is in high demand. The market in Europe is expected to expand rapidly due to technological advancements in applicant tracking systems, which boost staffing operations, increase recruiter productivity, and others. At the same time, Asia Pacific countries like China, Japan, and India are emerging markets for applicant tracking systems, with the highest CAGR predicted in the coming years.
Key Players
Some of the notable players active in the global applicant tracking systems market are Oracle Corporation (U.S.), ExactHire (U.S.), BambooHR (U.S.), Cornerstone OnDemand Inc. (U.S.), IBM Corporation (U.S.), Jobvite Inc. (U.S.), Workday, Inc. (U.S.), Lumesse Limited (England), Paycor (U.S.), SAP (SuccessFactors) (Germany), ApplicantStack (U.S.), Bullhorn, Inc. (U.S.), Hyrell (U.S.), Findly Talent LLC (U.S.), iCIMS, Inc. (U.S.), ClearCompany (U.S.), and among others.
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Applicant Tracking Systems Market Research Report – By Services (Managed Services), Deployment (On-Cloud, On-Premises), Organization Size (Smes, Large Enterprises), Industries (Government, IT & Telecommunication) – Forecast Till 2027
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Website: https://www.marketresearchfuture.com/reports/applicant-tracking-systems-market-5751
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