Market Overview:
The global applicant tracking solutions market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based applicant tracking solutions and the growing adoption of Applicant Tracking Systems (ATS) by small and medium enterprises (SMEs). North America is expected to lead the global applicant tracking solutions market in terms of revenue during the forecast period, followed by Europe. Asia Pacific is expected to be the fastest-growing region in terms of CAGR during the forecast period.
Product Definition:
Applicant tracking systems (ATS) are software tools used by organizations to manage the recruitment process. An ATS can automate many of the tasks associated with recruiting, including managing job applications, screening resumes, and conducting initial interviews.
The importance of an applicant tracking system lies in its ability to improve efficiency and organization within the recruitment process. By automating key tasks and providing a central repository for all job applications and resumes, an ATS can help organizations manage large volumes of data more effectively. This can result in a shorter time-to-hire for qualified candidates and a more streamlined recruitment process overall.
On-premises:
On-premises (OP) is a type of software deployment model that involves deploying the software on computers present within the organization. In this model, applications and data are stored internally in the data centers of the organization. The advantage associated with OP is that it offers high security as compared to cloud solutions since all sensitive information is stored internally within the firewall of an organization.
Cloud-based:
Cloud-based software is a type of software service that provides solutions to many business processes. It helps in storing large amounts of data on the cloud, which can be accessed from any place or device via an internet connection. The technology has transformed the way organizations manage their recruitment and application processes. Cloud-based ATS services have been gaining popularity among various small, medium and large enterprises as well as colleges due to its cost effectiveness and ease of use features for end users.
Application Insights:
The large enterprises segment dominated the global applicant tracking solutions market in 2017. This is attributed to the fact that these organizations have a huge number of employees and candidates for different vacancies across different departments. Tracking and monitoring these applicants across various stages, from initial application to final completion of recruitment process, helps large enterprises in filling up vacancies quickly as well as efficiently.
Furthermore, applicant tracking software integrated with social media accounts allows recruiters to follow candidates who have expressed interest in their job postings or company information on social networking websites such as LinkedIn and Facebook. The software also enables recruiters to create customized alerts based on keywords related to a vacancy so that they are immediately notified about new opportunities matching their preferences. Such features offered by modern Applicant Tracking Systems (ATS) ensure better visibility into candidate activities which help improve overall efficiency during recruitment processes at large enterprise level too.
Regional Analysis:
The European region dominated the global applicant tracking solutions market in 2017. The presence of a large number of small and medium enterprises coupled with the adoption of advanced technologies is expected to drive the regional market over the forecast period. In addition, growing government initiatives such as Horizon 2020 and Erasmus+ are expected to fuel growth in this region.
Asia Pacific is anticipated to emerge as a lucrative regional market over the forecast period owing to increasing investments by industry players for developing innovative solutions that can track applications across various websites and offline channels, thereby driving demand for ATS services in this region. Furthermore, rising awareness regarding employment opportunities among job seekers will also propel growth during the forecast period.
Growth Factors:
- Increased demand for automation in the recruitment process to improve efficiency and accuracy
- Growing popularity of Applicant Tracking Solutions due to their ability to manage a large number of resumes and track the progress of each application through the recruitment process
- The increasing use of social media platforms for recruiting purposes, which has led to an increase in the need for tracking and managing candidate data
- The growing trend towards outsourcing non-core functions, such as HR, which has led to an increase in demand for Applicant Tracking Solutions
- The increasing use of mobile devices by job seekers, which has led to a need for solutions that can be used on mobile devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Applicant Tracking Solutions Market Research Report
By Type
On-premises, Cloud-based
By Application
Small and Medium Enterprises, Large Enterprises
By Companies
Workable Software, Zoho, Softgarden, BambooHR, ICIMS, Lever, SAP (SuccessFactors), Jobvite, Workday, Oracle, IBM (Kenexa), ClearCompany, COMPAS Technology, TalentReef, Conrep, Cornerstone OnDemand, SmartSearch, Greenhouse Software, ApplicantPro, CATS Software, IKraft Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Applicant Tracking Solutions Market Report Segments:
The global Applicant Tracking Solutions market is segmented on the basis of:
Types
On-premises, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Workable Software
- Zoho
- Softgarden
- BambooHR
- ICIMS
- Lever
- SAP (SuccessFactors)
- Jobvite
- Workday
- Oracle
- IBM (Kenexa)
- ClearCompany
- COMPAS Technology
- TalentReef
- Conrep
- Cornerstone OnDemand
- SmartSearch
- Greenhouse Software
- ApplicantPro
- CATS Software
- IKraft Solutions
Highlights of The Applicant Tracking Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premises
- Cloud-based
- By Application:
- Small and Medium Enterprises
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Applicant Tracking Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Applicant tracking solutions (ATS) are software programs that help organizations manage the recruitment process by tracking and managing applications. They can automate many of the tasks involved in processing an application, such as sending out rejection letters, keeping track of interview schedules, and compiling applicant data into a database.
Some of the major players in the applicant tracking solutions market are Workable Software, Zoho, Softgarden, BambooHR, ICIMS, Lever, SAP (SuccessFactors), Jobvite, Workday, Oracle, IBM (Kenexa), ClearCompany, COMPAS Technology, TalentReef, Conrep, Cornerstone OnDemand, SmartSearch, Greenhouse Software, ApplicantPro, CATS Software, IKraft Solutions.
The applicant tracking solutions market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Applicant Tracking Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Applicant Tracking Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Applicant Tracking Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Applicant Tracking Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Applicant Tracking Solutions Market Size & Forecast, 2018-2028
4.5.1 Applicant Tracking Solutions Market Size and Y-o-Y Growth
4.5.2 Applicant Tracking Solutions Market Absolute $ Opportunity
Chapter 5 Global Applicant Tracking Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Applicant Tracking Solutions Market Size Forecast by Type
5.2.1 On-premises
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Applicant Tracking Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Applicant Tracking Solutions Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Applicant Tracking Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Applicant Tracking Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Applicant Tracking Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Applicant Tracking Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Applicant Tracking Solutions Market Size Forecast by Type
9.6.1 On-premises
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Applicant Tracking Solutions Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Applicant Tracking Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Applicant Tracking Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Applicant Tracking Solutions Market Size Forecast by Type
10.6.1 On-premises
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Applicant Tracking Solutions Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Applicant Tracking Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Applicant Tracking Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Applicant Tracking Solutions Market Size Forecast by Type
11.6.1 On-premises
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Applicant Tracking Solutions Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Applicant Tracking Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Applicant Tracking Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Applicant Tracking Solutions Market Size Forecast by Type
12.6.1 On-premises
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Applicant Tracking Solutions Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Applicant Tracking Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Applicant Tracking Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Applicant Tracking Solutions Market Size Forecast by Type
13.6.1 On-premises
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Applicant Tracking Solutions Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Applicant Tracking Solutions Market: Competitive Dashboard
14.2 Global Applicant Tracking Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Workable Software
14.3.2 Zoho
14.3.3 Softgarden
14.3.4 BambooHR
14.3.5 ICIMS
14.3.6 Lever
14.3.7 SAP (SuccessFactors)
14.3.8 Jobvite
14.3.9 Workday
14.3.10 Oracle
14.3.11 IBM (Kenexa)
14.3.12 ClearCompany
14.3.13 COMPAS Technology
14.3.14 TalentReef
14.3.15 Conrep
14.3.16 Cornerstone OnDemand
14.3.17 SmartSearch
14.3.18 Greenhouse Software
14.3.19 ApplicantPro
14.3.20 CATS Software
14.3.21 IKraft Solutions
