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Application Tracking System Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 303 | Report ID: MRS1120


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.)

Frequently Asked Questions

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.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Artificial Tendons and Ligaments market size is expanding at a CAGR 14.4% from 2021-2027 to reach 93.6 million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
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.

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