Application Tracking System Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Application Tracking System market size is estimated at USD 1,504.1 million in 2020, expanding at a CAGR 4.8% from 2021-2027 to reach 2,200.7 Million USD in 2027.
Market Dynamics
The application Tracking System market is expected to witness substantial growth over the study period. Because of the existence of global and rising companies in the market, the applicant tracking system market is growing. The significant adoption of cloud services and security infrastructure are the major factors driving the adoption of ATS solutions among enterprises and SMEs across various verticals, including government, telecom, BFSI, manufacturing, and IT, consumer goods and retail, healthcare, and life sciences, energy and utilities, transportation and logistics, and others. Vendors in the market should expect additional prospects in developing nations throughout APAC and MEA.
On the other hand, due to a lack of essential IT skills and software understanding, HR managers are having difficulty completely implementing new ATS systems. To use the ATS efficiently, HR personnel must receive sufficient training. As a result, ATS software implementation across companies is predicted to be difficult due to a lack of talent and technical competence which is one factor restraining the growth of the application tracking system market.
Regional Insights
North America dominates the global application tracking market followed by Europe as these regions' growth is fuelled by increasing instances of digitization among businesses and the growing adoption of cost-effective cloud-based recruitment solutions. The other three regions, APAC, MEA, and Latin America, are predicted to grow rapidly, as the adoption of advanced hiring solutions in these regions has been slow in the past, but is now gaining traction due to an increase in business digitalization.
During the projection period, APAC is expected to grow at a faster CAGR. Emerging economies such as China, Japan, Australia, and New Zealand, as well as the rest of APAC, make up the Asia Pacific area. The APAC region is getting a lot of traction among international companies. Furthermore, in the last decade, APAC countries' business ties with the United States have grown dramatically. As a result, the APAC area has seen a rise in the use of ATS software and services. Because of the region's large population, there are many applicants for each job opening, making recruiting in the APAC region a huge problem. This offers great potential for the ATS market as with the help of application tracking systems this problem can be solved.
Segment Insights
The Application Tracking System market is fragmented into deployment, vertical, and component type segments. Based on the deployment, the cloud segment is anticipated to dominate the market. Based on the vertical, the retail and consumer goods segment is expected to witness the highest CAGR. By component, the services segment is expected to hold the majority of the market share.
Competitive Insights
The Application Tracking System market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in organic as well as inorganic growth strategies like strategic merger & acquisition, partnership, and new product launches, and product enhancement to remain competent in the market. For example, in February 2022, SmartRecruiters announced the acquisition of Attrax, a leading provider of career site software that enables companies to build engaging and personalized career sites.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Application Tracking System by deployment, vertical, component, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, industry price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- IBM Corporation
- Oracle Corporation
- Jobvite Inc.
- Bulhorn, Inc.
- iCIMS, Inc.
- Smart Recruiters, Inc.
- Workday, Inc.
- SAP SE
- Workable Technologies Limited
- Greenhouse Software, Inc.
- Cornerstone OnDemand Inc.
- SilkRoad Technology
- ClearCompany
- PeopleFluent
- Paycor Inc.
- Zoho Corporation
- Infor
- Ultimate Software
- ADP
- BambooHR
Deployment Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- On-Premises
- Cloud
Vertical Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- IT And Telecommunications
- Government and Public Sector
- Retail and Consumer Goods
- Healthcare
- Others
Component Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Software
- Services
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Application Tracking System Market Overview
1.1. Product Overview and Scope of Application Tracking System
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Application Tracking System Market Size Growth Rate Analysis by Deployment 2020 VS 2027
1.3.1. On-Premises
1.3.2. Cloud
1.4. Global Application Tracking System Comparison by Vertical: 2020 VS 2027
1.4.1. IT And Telecommunications
1.4.2. Banking, financial services and insurance (BSFI)
1.4.3. Manufacturing
1.4.4. Government and Public Sector
1.4.5. Retail and Consumer Goods
1.4.6. Healthcare
1.4.7. Energy and Utilities
1.4.8. Transport and Logistics
1.4.9. Others
1.5. Global Application Tracking System Comparison by Component Type: 2020 VS 2027
1.5.1. Software
1.5.2. Services
1.6. Global Application Tracking System Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Application Tracking System Estimates
1.6.2. Europe Application Tracking System Estimates
1.6.3. Asia Pacific Application Tracking System Estimates
1.6.4. South America Application Tracking System Estimates
1.6.5. the Middle East & Africa Application Tracking System Estimates
2. Market Competition by Manufacturers
2.1. Global Application Tracking System Revenue Market Share by Manufacturers (2020)
2.2. Application Tracking System Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Application Tracking System Average Price by Manufacturers (2020-2027)
2.4. Manufacturers Application Tracking System Production Sites, Area Served, Product Types
2.5. Application Tracking System Market Competitive Situation and Trends
2.5.1. Application Tracking System Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Application Tracking System Consumption by Region (2020-2027)
3.1. Global Application Tracking System Consumption by Region
3.2. Global Application Tracking System Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Application Tracking System Consumption Growth Rate (2020-2027)
3.2.3. North America Application Tracking System Consumption, Price and Gross Margin (2020-2027)
3.2.4. North America Application Tracking System Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Application Tracking System Consumption Growth Rate (2020-2027)
3.2.7. Europe Application Tracking System Consumption, Price and Gross Margin (2020-2027)
3.2.8. Europe Application Tracking System Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Application Tracking System Consumption Growth Rate (2020-2027)
3.2.11. Asia Pacific Application Tracking System Consumption, Price and Gross Margin (2020-2027)
3.2.12. Asia Pacific Application Tracking System Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Application Tracking System Consumption Growth Rate (2020-2027)
3.2.15. South America Application Tracking System Consumption, Price and Gross Margin (2020-2027)
3.2.16. South America Application Tracking System Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Application Tracking System Consumption Growth Rate (2020-2027)
3.2.19. Middle East and Africa Application Tracking System Consumption, Price and Gross Margin (2020-2027)
3.2.20. Middle East and Africa Application Tracking System Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Application Tracking System Consumption by Deployment (2020-2027)
4.1. Global Application Tracking System Price by Deployment (2020-2027)
4.2. Global Application Tracking System Revenue Market Share by Deployment (2020-2027)
4.2.1. On-Premises
4.2.2. Cloud
5. Global Application Tracking System by Vertical (2020-2027)
5.1. Global Application Tracking System Price by Vertical (2020-2027)
5.2. Global Application Tracking System Revenue Market Share by Vertical (2020-2027)
5.2.1. IT And Telecommunications
5.2.2. Banking, financial services and insurance (BSFI)
5.2.3. Manufacturing
5.2.4. Government and Public Sector
5.2.5. Retail and Consumer Goods
5.2.6. Healthcare
5.2.7. Energy and Utilities
5.2.8. Transport and Logistics
5.2.9. Others
6. Global Application Tracking System Consumption by Component (2020-2027)
6.1. Global Application Tracking System Price by Component (2020-2027)
6.2. Global Application Tracking System Revenue Market Share by Component (2020-2027)
6.2.1. Software
6.2.2. Services
7. Key Companies Profiled
7.1. IBM Corporation
7.1.1. IBM Corporation Application Tracking System Corporation Information
7.1.2. IBM Corporation Application Tracking System Product Portfolio
7.1.3. IBM Corporation Application Tracking System Consumption, Price and Gross Margin (2020-2027)
7.1.4. IBM Corporation Main Business and Markets Served
7.1.5. IBM Corporation Recent Developments/Updates
7.2. Oracle Corporation
7.3. Jobvite Inc.
7.4. Bulhorn, Inc.
7.5. iCIMS, Inc
7.6. Smart Recruiters, Inc.
7.7. Workday, Inc.
7.8. SAP SE
7.9. Workable Technologies Limited
7.10. Greenhouse Software, Inc.
7.11. Cornerstone OnDemand Inc.
7.12. SilkRoad Technology
7.13. ClearCompany
7.14. PeopleFluent
7.15. Paycor Inc.
7.16. Zoho Corporation
7.17. Infor
7.18. Ultimate Software
7.19. ADP
7.20. BambooHR
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Application Tracking System Distributors List
8.3. Application Tracking System Customers
9. Market Dynamics
9.1. Application Tracking System Industry Trends
9.2. Application Tracking System Growth Drivers
9.3. Application Tracking System Market Challenges
9.4. Application Tracking System Market Restraints
10. Global Application Tracking System Consumption and Demand Forecast, by region (2022-2027)
10.1. Global Forecasted Demand Analysis of Microdermabrasion Device, by Regions and Country
10.1.1. North America Forecasted Consumption of Application Tracking System by Country
10.1.2. Europe Market Forecasted Consumption of Application Tracking System by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Application Tracking System by Region
10.1.4. Latin America Forecasted Consumption of Application Tracking System by Country
10.1.5. Middle East and Africa Forecasted Consumption of Application Tracking System by Country
11. Global Application Tracking System Consumption and Demand Forecast, by Device Segments (2022-2027)
11.1. Global Forecasted Consumption of Application Tracking System by Device Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Application Tracking System by Device Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Type
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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