The global applicant tracking system market is anticipated to grow at a significant CAGR of around 6.9% during the forecast period. The global applicant tracking system market is expected to grow during the forecast period due to the adoption of the data analytics strategy by recruitment companies. For instance, In June 2020, Workday, Inc. announced the availability of Workday People Analytics. This newly evolved augmented analytics application identifies important risks and opportunities regarding a company’s potential candidate base and delivers these insights in a story form. These insights empower business leaders and HRs to make better people decisions rapidly to shape business outcomes.
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The COVID-19 pandemic has had a positive impact on the applicant tracking system market. The recent economic slowdown with the impact of COVID-19 emphasizes the requirement for alternate business systems. It had became important for businesses to embrace cloud computing and relocate to cloud applicant tracking system solutions. Corporates were increasingly adopting technology-aided recruitment tools that can be leveraged remotely and can secure hiring as well as business continuity among disruptions. The applicant tracking system has increasingly gained market traction during the COVID- 19 pandemic to serve virtual recruitment with the growing adoption of remote working models.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Applicant Tracking System Market by Component
- Software
- Services
Global Applicant Tracking System Market by Deployment Mode
- On-premises
- Cloud
Global Applicant Tracking System Market by Organization Size
- Small & Medium Size Enterprises
- Large Enterprises
Global Applicant Tracking System Market by Vertical
- BFSI
- Government
- Manufacturing
- Telecom & IT
- Consumer Goods & Retail
- Healthcare & Lifesciencs
- Energy & Utilities
- Transportation & Logistics
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ADP, Inc.
- Bamboo HR LLC.
- Bullhorn, Inc.
- CEIPAL Corp.
- ClearCompany, Inc.
- Cornerstone
- Greenhouse Software, Inc.
- IBM Corp.
- iCIMS, Inc
- Infor
- Jobvite, Inc.
- Lusha Systems Inc.
- Oracle
- Paycor, Inc
- SAP India Pvt Ltd.
- SilkRoad Technology, Inc.
- SmartRecruiters
- UKG Inc
- Workday, Inc.
- Zoho Corporation Pvt. Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global applicant tracking system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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