Applicant Tracking System (ATS) Market Report to 2025

[Research Report] The global applicant tracking system market accounted for US$ 675.3 Mn in 2017 and is expected to grow at a CAGR of 9.2% during the forecast period 2018 – 2025, to account for US$ 1345.7 Mn in 2025.

North America was the leading geographic market and it is anticipated to be lose its dominance to Asia Pacific in 2025. The region has been attracting large count of businesses for expansion of their existing operations. Also, due to the rising economic importance of Asia Pacific the growth for applicant tracking system market is being impacted directly.

Market Insights

Gaining prominence of the cloud based applicant tracking software

Rapid expansion of the cloud-based services has resulted in a dynamic and a very competitive software industry environment globally. Cloud based applicant tracking software implementations characteristically do not require high capital investments, thereby keeping a company’s IT infrastructure model very cheap and consistent. Thus, this model could bring significant profits for any organization and at an early stage itself. This problem is also easily solved using the model. The cost savings with the help of shared infrastructure model is done with respect to the software licenses, electricity, maintenance fees, eliminating the cost of servers and other storage devices, consultant fees, data center space, and IT personnel.

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Applicant Tracking System (ATS) Market: Strategic Insights

Applicant Tracking System (ATS) Market

• 
  CAGR (2017 - 2025)

  9.2%
• Market Size 2017
  US$ 675.3 Million
• Market Size 2025
  US$ 1,345.7 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• ApplicantStack
• Oracle Corporation
• iCIMS Inc
• Workable Software Ltd
• Hyrell
• Bullhorn Inc
• ClearCompany
• Greenhouse Software Inc
• Jobvite Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Deployment Model

• Cloud and On-Premise

Component

• Solution and Services

End-user

• BFSI
• IT & Telecommunication
• Manufacturing
• Government

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Mobile based Recruitment to bring ample opportunity to the applicant tracking system market

ATS is a service based business model that has witnessed rapid growth as a result of growing penetrations of smartphones and related devices in the global market. As the service is a digital data driven service, it is anticipated to be benefited with the advancements in the digital world such as analytics. Analytics would enable the mobility service provider company to understand the preferences of each customer and thereby send out optimized routes & means of transport to the customer.

Segment by Component Insights

The component segment of applicant tracking system market is segmented into solution and services. There are briefly two categories of ATS solution, one is designed for the employers and the second is for recruiting companies. Each of this software has its own specification tailor made to the demand of the end-users. Taleo, Kenexa-Brassring, Jobvite, iCims, and SAP-SuccessFactors are some of the major ATS solutions widely used across the globe.

Segment by End-user Insights

The applicant tracking system market by end-user has been segmented into IT & Telecom, retail, BFSI, retail & consumer goods, manufacturing, healthcare, government & others. Despite of slightly gloomy employment outlook the IT & telecom sector is expected to boost the adoption of applicant tracking systems based on two major factors. The first one it’s the rising demand of talents across the globe and increasing count of applicants every day. In order to effectively manage these employees, the IT & Telecom companies are increasingly deploying applicant tracking systems. The second factor is the spending capability of the IT & Telecom companies. IT & Telecom imbibe the highest spending capability on the upcoming technologies owing to which the sector is expected to contribute significant profits to the applicant tracking system.

New market initiatives was observed as the most adopted strategy in global applicant tracking system market. Few of the recent market initiatives are listed below:

2018: ClearCompany joined hands with ADP, LLC and launched Advanced Talent which is a talent solution for the companies that consist of 100 to 2,000 employees for utilizing both ADP Workforce Now and ClearCompany talent tools.

2018: Workable Software introduced General Data Protection Regulation (GDPR) feature pack, designed mainly to help consumers meet key recruiting needs.

2018: SAP SE unveiled updated and new features to the SAP SuccessFactors HCM Suite. These new and updated features will make it easier for HR leaders around the world to comply with privacy laws and data protection.

Applicant Tracking System (ATS) Market Report Scope

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Global Applicant Tracking System Market - Segmentation
Global Applicant Tracking System Market – By Deployment Model

• Cloud
• On-Premises

Global Applicant Tracking System Market – By Component

• Solution
• Service

Global Applicant Tracking System Market – By End-user

• BFSI
• IT & Telecommunication
• Manufacturing
• Government
• Retail
• Healthcare
• Others

Global Applicant Tracking System Market – By Geography

• North America

• • U.S.
  • Canada
  • Mexico

• Europe

• • France
  • Germany
  • Italy
  • Spain
  • U.K
  • Rest of Europe

• Asia Pacific (APAC)

• • Japan
  • China
  • India
  • Australia
  • Rest of APAC

• Middle East & Africa (MEA)

• • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA

• South America (SAM)

• • Brazil
  • Rest of SAM

Applicant Tracking System Market - Company Profiles

• ApplicantStack
• Oracle Corporation
• iCIMS, Inc.
• Workable Software Ltd.
• Hyrell
• Bullhorn, Inc.
• ClearCompany
• Greenhouse Software, Inc.
• Jobvite Inc.
• Automatic Data Processing, Inc.
• SAP SE
• 4Talent
• Grupo Navent S.R.L
• GUPY Tecnologia em Recrutamento LTDA
• Kenoby
• Pemasys