Overview
The software-as-a-service (SaaS) is integrated into the human resource (HR) system that is widely used across companies for hiring candidates. The applicant tracking systems can automate the recruiting and staffing operations of any organization. This system is also known as a talent management system. Market Research Future (MRFR) has published a research report about the global applicant tracking systems market that determines prosperity for this market at 10% CAGR between 2019 and 2023.
The most important market driving factors for the global applicant tracking systems market growth include increasing adoption of cloud-based applicant tracking software that can be useful for tracking the employees in the organizations. Technological advancement and growing demand for softwares that are helpful for quick profiling of candidates are also enabling the market growth.
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Segments
The global applicant tracking systems market segmentation has segmented the market into deployment, industries, organization size, services, and region. The deployment-based segmentation has segmented this market into on-cloud deployment and on-premise deployment. Regarding organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises. Based on services, the market segmentation is covering into managed service and professional service.
The regional segmentation of the global applicant tracking systems market has segmented the market into the regional markets known as Europe, North America, Asia Pacific, and rest of the world (RoW). North America is the leading regional market in the world with maximum market share due to the presence of many key market players. In the USA and Canada, the applicant tracking systems market are in huge demand due to technological advancement, increasing cloud adoption, and the increasing adoption of artificial intelligence (AI). Mexico is the third major country-specific market in North America.
In Europe, advancement in technology is leading to rapid growth in applicant tracking systems that are improving staffing operations, increasing recruiter productivity, and many other activities. This is making things easy for optical sorters. Most factors contributing to the market growth in Europe are the same as in North America. The four major country-specific markets in Europe are France, Germany, Italy, and the UK.
Key Players
The key players in the global Applicant Tracking Systems Market include ApplicantStack (USA), BambooHR (USA), Bullhorn Inc. (USA), ClearCompany (USA), Cornerstone OnDemand Inc. (USA), ExactHire (USA), Hyrell (USA), Findly Talent LLC (USA), IBM Corporation (USA), iCIMS Inc. (USA), Jobvite Inc. (USA), Lumesse Limited (England), Oracle Corporation (USA), Paycor (USA ), SAP (SuccessFactors) (Germany), and Workday Inc. (USA).
Regional Analysis
In the Asia Pacific markets, China, India, and Japan are emerging markets. They are expected to witness high growth during the forecast period due to growing economies and employment opportunities.
The RoW segment covers the countries of Middle East & Africa (MEA) region and many Latin countries. In Latin countries, the market is static because but cloud adoption in these countries is not as rapid as it is North America. The most powerful economies in this region that can become significant markets in the future are Argentina and Brazil. In the MEA region, market growth is slow due to limited availability of technology.
Latest Industry News
Leading Talent Marketing solutions providerSymphony Talent has been recognized as a “Major Player” in three IDC MarketScape reports on Talent Acquisition software for the second consecutive time in the Major Players category in the IDC MarketScape. 29 APR 2019
Background screening industry’s leading independent technology platformTazWorks has added Consent Identity Verification (CIV) or TazCIV™ to its portfolio of TazCloud™ background screening applications. This platform is a knowledge-based authentication (KBA) tool that offers background screening agencies, the ability to offer a fully integrated electronic identity verification service to their clients. 28 MAY 2019
Namely, a leading HR platform for SMEs has announced a new integration with Hire by Google, a recruiting app that has been built for organizations using G Suite. This solution can help enterprises to connect their HR and applicant tracking systems to minimize time-consuming data entry and speed up the process for new hire onboarding. 30 APR 2019
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LIST OF TABLES
Table 1 Global Applicant Tracking Systems Market: By Region, 2019-2023
Table 2 North America Applicant Tracking Systems Market: By Country, 2019-2023
Table 3 Europe Applicant Tracking Systems Market: By Country, 2019-2023
Table 4 Asia Pacific Applicant Tracking Systems Market: By Country, 2019-2023
Table 5 The Middle East & Africa Applicant Tracking Systems Market: By Country, 2019-2023
Continued……
LIST OF FIGURES
FIGURE 1 Global Applicant Tracking Systems Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Applicant Tracking Systems Market
FIGURE 4 Value Chain Of Global Applicant Tracking Systems Market
FIGURE 5 Share Of Global Applicant Tracking Systems Market In 2019, By Country (In %)
Continued……
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