DUBLIN--(BUSINESS WIRE)--The "Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global applicant tracking system market exhibited strong growth during 2015-2020. Looking forward, the publisher expects the global applicant tracking system market to grow at a CAGR of around 8% during 2021-2026.
An applicant tracking system (ATS) is a talent management software that organizes and monitors job openings, resumes, candidates and clients for an organization. The information in the database of the software streamlines the hiring process by conducting preliminary analysis and filtering qualified and deserving candidates for a job. Managers can also schedule interviews and send rejection letters through the ATS and can digitally handle the necessary paperwork. It aims to reduce the workload of recruiters and provide a central repository for candidate data. Also, ATS aids in minimizing the time spent on administrative tasks, providing faster resume screening, and facilitating collaborative recruitment, thus enhancing the overall experience of the candidate.
The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based recruitment systems, is one of the key factors driving the growth of the market. Organizations are rapidly adopting software-as-a-service (SaaS) for automating the recruitment and hiring procedures. It improves staffing efficiencies and productivity and thereby, managing the hiring process of suitable candidates. The ATS also enables businesses to adopt strategic methods for their brand promotions and attract qualified job seekers. Additionally, the integration of organizations with artificial intelligence (AI) is driving the market growth. The software uses optical trackers to monitor applicants and provide accurate results while identifying the market trends and patterns through transactional activities and analytical inputs. Moreover, factors such as the growing need to replace traditional hiring methods to reduce time-wastage and costs and improve the quality of hiring decisions, are projected to drive the market further.
Companies Mentioned
- ApplicantStack
- ATS Ondemand
- Clearcompany
- Greenhouse Software
- IBM
- iCIMS
- JazzHR
- Jobvite
- Oracle
- SAP SE
- SilkRoad Technology
- SmartRecruiters
- Tribepad
- Ultimate Software
- Zoho
Key Questions Answered in This Report:
- How has the global applicant tracking system market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global applicant tracking system industry?
- What are the key regional markets in the global applicant tracking system industry?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global applicant tracking system market and who are the key players?
- What is the degree of competition in the market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Applicant Tracking System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Deployment
7 Market Breakup by Organization Size
8 Market Breakup by Component
9 Market Breakup by End-User
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porter's Five Forces Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/prll98
