Applicant Tracking System Market Size Forecast to Reach $1.96 billion by 2025

Palli Prapul

Applicant Tracking System Market Size Forecast to Reach $1.96 billion by 2025

The Global market for Applicant Tracking System is forecast to reach $1.96 billion by 2025, growing at a CAGR of 7.9% from 2020 to 2025. The market growth is attributed to the growth in the need for cost reductions, the growth in the need for pragmatic and better-recruiting decisions and the advent of social networking and others. Moreover, the adoption of cloud-based technologies and increasing digitization is also propelling the market growth of applicant tracking system.

By Deployment model- Segment Analysis

Cloud deployment type segment held the highest market share of applicant tracking system in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025. Applicant tracking systems (ATS) helped the recruitment team work smarter with the advent of the cloud. Cloud-based technology has several advantages that make it a better option than traditional recruitment software. They make the work simpler and the cycle of attracting and recruiting talent more effective all round as they are always on and quick to manage. Cloud-based ATS enables to manage candidates any time and from anywhere, collaborate effectively with the team, better user experience for candidates, Integration with other software and others. The cloud makes it easier for applications to track progress. Recruiting team also has access to the same up-to-date details so several members may review applicants concurrently. It is faster and more efficient to screen, shortlist, interview, and select. An ATS incorporates video interviews that require applicants to be questioned wherever in the world they are.

By Organization Size - Segment Analysis

Applicant tracking system is segmented into small and medium-sized enterprises (SMEs), large enterprises on the basis of organization size. The market of large enterprises is anticipated to hold the highest market share during the forecast period 2020-2025. Applicant tracking systems are a form of software that simplifies the recruitment process by HR departments. Such programs will process, arrange, and coordinate thousands of resumes to put to the top of the people's list the best and brightest to meet. Applicant tracking system enables large enterprise to easily narrow down the applicant pool, to save the business time and money, to be compliant with the internet applicant rule and others. An ATS narrows the applicant pool by excluding the clearly under-qualified applicants immediately. An ATS program is extremely important when a large-scale organization concurrently opens multiple vacancies in more than one division and wants to limit the hours spent hiring. Moreover, ATSs are a simple way to stay abreast of the Internet Candidate Record Keeping Law and impose stringent record keeping of recruited employees through electronic means. As a part of this law, all organizations that have 100 or more working people are forced to disclose details on ethnic recruitment to their workers annually. ATSs store this material, and make it much simpler to record.

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Geography - Segment Analysis

North America region held the highest market share of the applicant tracking system market in 2019. North America is a developed product deployment region. Faster and timely access to the required applicant-related data, coupled with the lack of job-specific applicants, the emergence of developed economies, such as the United States (US) and Canada, has been a main driving factor for this sector.North America is the most industrialized area in the ATS industry, with almost all major businesses based in the country. Growing spending by a variety of technological development organizations to achieve a strategic edge and improved business operations is also driving market growth in this area.The growing need for an effective procurement mechanism across North American countries has culminated in the highest market share. In fact, maximum authentication when running in real, simulated or cloud atmospheres is projected to further fuel the demand for applicant tracking systems. In January 2020, First Advantage entered into a partnership with LinkedIn Talent Platform that allows users to procure, monitor, and recruit talent through a centralized portal. This collaboration helps First Advantage to streamline, automate and extend training and tracking tools for consumers at LinkedIn Talent Centre. Such partnerships leverages appositive impact on the market growth of applicant tracking system.

Drivers – Applicant tracking system market

Rising penetration of Cloud technologies

Owing to the introduction of cloud-based technologies, consumer demand for the applicant tracking system is growing. Cloud driven technologies support stable data management and solve recruiting challenges to produce result-oriented production. However, these programs improve the efficiency of the program and reduce the reaction time by upgrading details in real-time. It aims to speed up recruitment procedures.

Challenges – Applicant tracking system market

Lack of awareness

Applicant tracking systems provides benefit to locate the best applicant thus ensuring to interact effectively with all the applicants. Lack of understanding of the advantages of utilizing a monitoring program framework thereby hinders the market growth. Furthermore, the convergence of ATS with other applications and the lack of technological experience to utilize ATS are significant barriers to business success in the demand for application tracking systems.

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Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the applicant tracking system market. As of 2019, the market for applicant tracking market is consolidated with the top players including Applicant Stack, Greenhouse, Hyrell, iCIMS, Inc., Workable, Bullhorn, Inc., ClearCompany, Findly Talent LLC, JobDiva, Oracle among others.

Acquisitions/Technology Launches/Partnerships

In June 2019, Good Time entered into a partnership with leading applicant tracking system, Smart Recruiters. Good Time and Smart Recruiters streamlined collaboration allows recruitment teams remove repetitive labor in the interview process to reduce job time thus enhancing employee interaction.

In March 2020, HackerEarth entered into a partnership with JazzHr for efficient, accurate developer recruitment and hiring solution. The partnership completely incorporates JazzHR’s award-winning Applicant Tracking System (ATS) with HackerEarth’s stage for specific, skill-based applicant selection, HackerEarth Valuations.

In July 2019, AllyO, the technology company renowned for its end-to-end AI recruiting solution, entered into a partnership with iCIMS, the leading best-in-class talent acquisition solutions provider.The collaboration allows employers to transfer applicants from procurement to processing effortlessly. This enhances the effectiveness of recruiters and strengthens successful employee feedback.

Key Takeaways

Growing digitization increases performance consistency and organizes the data automatically. Organisations don't have to spend additional time for processing and filing paper documents, thus speeding up the recruitment period. Consequently, the growing need for digitalization is projected to boost the market for the applicant tracking system throughout the forecast period 2020-2025.

North America region dominated the global applicant tracking system market in 2019 owing to the presence of developed countries, key market players in this region. Moreover, implementation of advanced technologies in different verticals including IT & Telecommunications, Government & Public Sector, Retail & Consumer Goods and others enhance the market growth.

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Palli Prapul

Global Applicant Tracking System Market Report 2020 Forecast to 2025

Anas Kapoor 2020-02-15

The latest trending report Global Applicant Tracking System Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.

The report will assist reader with better understanding and decision making.The global Applicant Tracking System market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.5% in the forecast period of 2020 to 2025 and will expected to reach USD 1312 million by 2025, from USD 1100.1 million in 2019.The Applicant Tracking System market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46520-applicant-tracking-system-industry-analysis-reportThe major players covered in Applicant Tracking System are:Workable SoftwareJobviteBambooHRZohoSAP (SuccessFactors)SoftgardenOracleLeverICIMSWorkdayConrepGreenhouse SoftwareIBM (Kenexa)CATS SoftwareCornerstone OnDemandTalentReefClearCompanyApplicantProSmartSearchCOMPAS TechnologyIKraft SolutionsBy Type, Applicant Tracking System market has been segmented into: Cloud-based On-premiseBy Application, Applicant Tracking System has been segmented into: SMEs Large EnterprisesThe report offers in-depth assessment of the growth and other aspects of the Applicant Tracking System market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Applicant Tracking System Market @ https://www.decisiondatabases.com/contact/download-sample-46520There are 14 Chapters to deeply display the global Applicant Tracking System market.1 Applicant Tracking System Market Overview2 Company Profiles3 Global Applicant Tracking System Market Competition, by Players4 Global Applicant Tracking System Market Size by Regions5 North America Applicant Tracking System Revenue by Countries6 Europe Applicant Tracking System Revenue by Countries7 Asia-Pacific Applicant Tracking System Revenue by Countries8 South America Applicant Tracking System Revenue by Countries9 Middle East and Africa Revenue Applicant Tracking System by Countries10 Global Applicant Tracking System Market Segment by Type11 Global Applicant Tracking System Market Segment by Application12 Global Applicant Tracking System Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Applicant Tracking System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46520Other Reports by DecisionDatabases.com:Global Employee Training and Applicant Tracking Software (ATS) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023Global Applicant Tracking Software Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

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Global PVC Window Profile Market Analysis | Industry Report 2026

Sejal Kapoor 2020-10-13

The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

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The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global PVC Window Profile Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/53045-pvc-window-profile-market-reportThe report also covers the complete competitive landscape of the global PVC Window Profile market with company profiles of key players such as:Alphacan SpAAluplast GmbHDeceuninckEpwin GroupEurocellPiva GroupProfine GroupRehauSalamanderSchucoVEKASEGMENTATIONS IN THE REPORT:By TypeTurn & Tilt WindowsSliding WindowCasement WindowOthersBy ApplicationResidentialCommercialBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global PVC Window Profile Market @ https://www.decisiondatabases.com/contact/download-sample-53045The Global PVC Window Profile Market has been exhibited in detail in the following chapters –Chapter 1 PVC Window Profile Market PrefaceChapter 2 Executive SummaryChapter 3 PVC Window Profile Industry AnalysisChapter 4 PVC Window Profile Market Value Chain AnalysisChapter 5 PVC Window Profile Market Analysis By TypeChapter 6 PVC Window Profile Market Analysis By ApplicationChapter 7 PVC Window Profile Market Analysis By GeographyChapter 8 Competitive Landscape Of PVC Window Profile CompaniesChapter 9 Company Profiles Of PVC Window Profile IndustryPurchase the complete Global PVC Window Profile Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-53045Other Reports by DecisionDatabases.com:Global PVC Modifier Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polyvinyl Chloride (PVC) Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polyvinyl Chloride (PVC) Films Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

Global Polyvinyl Alcohol Fibers Market Analysis | Industry Report 2026

Saavi Mehta 2020-10-13

The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

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Cognitive Assessment and Training Market Expected to Grow $8.06 Billion by 2021

Jacob Hodgson 2020-10-12

According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.

The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.

The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.

The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.

The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.

The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.

Cutlery Market 2020 Driving Factors, Covid-19 Insight Analysis, Top Manufacturers to 2030

Jack Martin 2020-10-12

The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.

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The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.

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