Applicant Tracking Systems Market Analysis
Applicant Tracking Systems Market Size was valued at USD 2.3 billion in 2021. The applicant tracking systems market industry is projected to grow from USD 2.5 billion in 2022 to USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.54% during the forecast period (2022-2030).
Various factors are propelling the global applicant tracking systems market size. According to the recent MRFR market estimates, such factors include increasing need for cost-saving, need for improved and strategic hiring decisions, the emergence of social media, growing demand among SMEs and large organizations, growing demand in developed economies, and the different feature that it offers such as speed up the recruitment process, lower cost-per-hire, increase efficiency, upgrade HR team communication, sort application data, and automate the whole procedure. Besides, the increase in remote recruiting during the COVID-19 outbreak is also adding market growth.
On the contrary, privacy concerns about the implementation of such a form of software over cloud-based deployment, complexity in process automation and integration, and rising security may limit the global applicant tracking systems market growth over the forecast period.
Get Free Sample Copy @
https://www.marketresearchfuture.com/sample_request/5751
Applicant Tracking Systems Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global applicant tracking systems market based on industries, organization size, deployment, and services.
By services, the global applicant tracking systems market is segmented into professional service and managed services.
By deployment, the applicant tracking systems market is segmented into on-premises and on-cloud. Of these, the on-cloud segment will dominate the market over the forecast period.
By organization size, the global applicant tracking systems market is segmented into large enterprises and SMEs. Of these, large enterprises will spearhead the market over the forecast period.
By industries, the global applicant tracking systems market is segmented into manufacturing, IT and telecommunications, government, and others. Of these, IT and telecommunication will have the largest share in the market over the forecast period.
Check Discount @
https://www.marketresearchfuture.com/check-discount/5751
Applicant Tracking Systems Market Regional Analysis
By region, the applicant tracking systems market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. Growing adoption of artificial intelligence, growing preference for advanced recruiting technologies among different IT organizations, increasing adoption of cloud-based services, and constant investments in research and development activities by enterprises in Canada and the US to introduce advanced and new technologies, and strong economies are adding to the global applicant tracking systems market growth in the region.
In Europe, the applicant tracking systems market is predicted to hold the second-largest share over the forecast period. Technological advancements in applicant tracking systems to increase recruiter productivity and improve staffing operations are adding to the global applicant tracking systems market growth in the region.
In the APAC region, the applicant tracking systems market is predicted to have healthy growth over the forecast period at the highest CAGR. The growing adoption of cloud-based platforms coupled with the growing demand for digitalization and automation in China, India, and Japan are adding to the global applicant tracking systems market growth in the region.
Get Complete Report Details @
https://www.marketresearchfuture.com/reports/applicant-tracking-systems-market-5751
In the Rest of the World, the applicant tracking systems market is predicted to have sound growth over the forecast period.
Applicant Tracking Systems Market Key Players
Key players profiled in the global applicant tracking systems market report include Findly Talent LLC (U.S.), ClearCompany (U.S.), Bullhorn, Inc. (U.S.), iCIMS, Inc. (U.S.), Hyrell (U.S.), ApplicantStack (U.S.), Workday, Inc. (U.S.), SAP (SuccessFactors) (Germany), Paycor (U.S. ), Lumesse Limited (England), Jobvite Inc. (U.S.), IBM Corporation (U.S.), ExactHire (U.S.), Cornerstone OnDemand Inc. (U.S.), BambooHR (U.S.), and Oracle Corporation (U.S.), among others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
