Applicant Tracking Systems: Global Market Outlook to 2023 - Growth in Geographically Diverse Talent Acquisition is a Key Driving Factor
DUBLIN, July 10, 2018 /PRNewswire/ --
The "Applicant Tracking System Market by Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size, Vertical (Retail and Consumer Goods, Government and Public Sector, and Manufacturing), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Applicant Tracking System (ATS) market is expected to grow from USD 1.21 billion in 2018 to USD 1.81 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. The demand for ATS is expected to be driven by many factors, such as low costs, flexibility, scalability, and security. ATS offers accelerated Time-to-Market (TTM) and enhanced recruiting processes.
The Applicant Tracking System market has been segmented on the basis of component, deployment mode, organization size, vertical, and region.
The service type is expected to grow at a higher CAGR during the forecast period, and the software type is estimated to hold a larger market size in the ATS market in 2018. The adoption of ATS software and services among enterprises has become a central part of the business process, due to the ease of use and the flexibility they offer, and is expected to grow in the coming years.
The on-premises deployment type is estimated to hold a larger market size in 2018. As the Applicant Tracking System market is growing, the need to deploy software that are compatible with the on-premises infrastructure at a low cost is also becoming essential. The integration and deployment of the ATS software enables archiving, retention, and communication within the corporate infrastructure. As the number of candidate applications is increasing, enterprises are looking to use the ATS software to track the data across all storage locations, such as datacenters, network file shares, hard disks, and local machines, within the organization.
North America is estimated to hold the largest market size in 2018, whereas the Asia-Pacific (APAC) region is projected to grow at the highest CAGR in the Applicant Tracking System market during the forecast period. An increasing need for efficient recruiting process and complete security while operating in physical, virtual, or cloud environments is expected to drive the global ATS market.
Growth in geographically diverse talent acquisition, increasing nee to automate recruitment processes, focus on enhancing candidate experience, and emerging need for analytics metrics are major growth factors for the market. However, lack of awareness about the benefits of ATS could affect the growth of the market.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.2 Primary Data 2.1.2.1 Breakdown of Primaries 2.1.2.2 Key Industry Insights 2.2 Market Size Estimation 2.3 Research Assumptions 2.4 Limitations
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities in the Applicant Tracking System Market 4.2 Market By Component, 2018 4.3 Market By Deployment Type, 2018 4.4 Market Investment Scenario, 2018-2023
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growth in Geographically Diverse Talent Acquisition 5.2.1.2 Increasing Need to Automate Recruitment Processes 5.2.1.3 Focus on Enhancing Candidate Experience 5.2.1.4 Emerging Need for Analytics Metrics 5.2.2 Restraints 5.2.2.1 Lack of Awareness About the Benefits of ATS 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Mobile Recruitment 5.2.3.2 Collaboration With Social Media Platforms Simplifying Applicant Tracking Processes 5.2.4 Challenges 5.2.4.1 Limited Technical Expertise for Using Advanced ATS 5.2.4.2 Integration of ATS Software With Other Systems 5.3 Case Studies 5.3.1 Introduction 5.3.2 Use Case #1: Hyrell-Greater Richmond ARC 5.3.3 Use Case #2: Tribepad-Tesco 5.3.4 Use Case #3: Breezy Hr-Giant Swarm
6 Applicant Tracking System Market, By Component 6.1 Introduction 6.2 Software 6.3 Services
7 Market By Deployment Type 7.1 Introduction 7.2 On-Premises 7.3 Cloud
8 Applicant Tracking System Market, By Organization Size 8.1 Introduction 8.2 Small and Medium-Sized Enterprises 8.3 Large Enterprises
9 Market By Vertical 9.1 Introduction 9.2 Banking, Financial Services, and Insurance 9.3 IT and Telecommunications 9.4 Government and Public Sector 9.5 Retail and Consumer Goods 9.6 Manufacturing 9.7 Healthcare and Life Sciences 9.8 Others
10 Applicant Tracking System Market, By Region 10.1 Introduction 10.2 North America 10.2.1 United States 10.2.2 Canada 10.3 Europe 10.3.1 United Kingdom 10.3.2 Germany 10.3.4 Rest of Europe 10.4 Asia Pacific 10.4.1 Japan 10.4.2 India 10.4.3 Australia and New Zealand 10.4.4 Rest of Asia Pacific 10.5 Middle East and Africa 10.5.1 United Arab Emirates 10.5.2 South Africa 10.5.3 Rest of Middle East and Africa 10.6 Latin America 10.6.1 Brazil 10.6.2 Mexico 10.6.3 Rest of Latin America
11 Competitive Landscape 11.1 Overview 11.2 Competitive Situations and Trends 11.2.1 Partnerships, Agreements, and Collaborations 11.2.2 New Product Launches and Product Enhancements 11.2.3 Business Expansions 11.2.4 Mergers and Acquisitions
12 Company Profiles 12.1 Oracle 12.2 IBM 12.3 SAP 12.4 Cornerstone 12.5 ADP 12.6 Icims 12.7 Jobvite 12.8 Peoplefluent 12.9 Silkroad Technology 12.10 Paycor 12.11 Greenhouse Software 12.12 Workday 12.13 Ultimate Software 12.14 Jazzhr 12.15 Clearcompany 12.16 Bamboohr 12.17 Racarie Software 12.18 Zoho 12.19 Smartrecruiters 12.20 Ascentis 12.21 Recruiterbox 12.22 Infor 12.23 Resumeware 12.24 Tribepad 12.25 ATS Ondemand
For more information about this report visit https://www.researchandmarkets.com/research/74kdv3/applicant?w=5
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