Applicant Tracking System Market Size, Growth & Global Forecast Report to 2027

An applicant tracking system (ATS) is a computer programme that enables secure computerised processing of hiring and recruitment requirements.

Depending on the company's demands, an applicant tracking system (ATS) can be installed or accessed on a website at either the business or personal level; free or open source ATS software is available, or a premium version can be requested.

Businesses with a large number of applications to handle may want to invest in a more comprehensive applicant tracking system (ATS) package.

Personal websites can also be created to serve the same purpose.

These sorts of systems' main functions are to sort through candidates and send them electronically to the right staff.Recruiters can look at resumes, sort them to find individuals with similar skills and qualifications, and contact those people using an applicant tracking system (ATS).

Recruiters will also be provided information on prior employers and the talents they were looking for in new hires.

According to research report "Applicant Tracking System Market by Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size, Vertical (Retail and Consumer Goods, Government and Public Sector, and Manufacturing), and Region - Global Forecast to 2023", The global ATS market size projected to grow from USD 1.21 billion in 2018 to USD 1.81 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period.The main growth drivers are the increasing acquisition of geographically diverse talent, growing need to automate recruitment processes, focus on enhancing candidate experience, and emerging need for analytics metrics.Browse and in-depth TOC on "Applicant Tracking System Market - Global Forecast to 2023"47 - Tables 37 - Figures 131 – PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27004100 Software type is expected to hold a larger market size during the forecast periodATS software offer organizations the flexibility of customizing the software according to the end-user’s needs, while the software is tailor-made for organizations to use.

Often, the Human Capital Management (HCM) suites offered by vendors provide ATS features along with workforce management as an integrated package to manage the complete hiring process, right from applicant tracking to employee life cycle management.Cloud deployment is estimated to hold a larger market size in 2018The rapid growth in data generation and the use of advanced technologies, such as Internet of Things (IoT) and analytics are leading to the greater adoption of the cloud deployment type, due to the benefits of enhanced and organized storage, and ready availability of data when required.

Corporations and government agencies are finding cloud-deployed ATS attractive, as they are easy to provision, offer agility, and provide more functions than the on-premises ATS at an affordable cost.Large enterprises segment is expected to hold a larger market size during the forecast periodThe process of candidate acquisition is more complex in the case of large companies.

The integration of the existing systems with advanced ATS software is a challenge faced by many large enterprises, which can be easily resolved with the help of the robust integration, training, and support services offered by ATS vendors.

The jobs market in the IT and telecommunications vertical is dynamic, considering the fast-changing landscape of technologies and the constant need to hire competent and skilled personnel.

The US and Canada are expected to contribute significantly to the growth of the ATS market in North America.Major vendors providing ATS software and services include Oracle (US), IBM (US), SAP (Germany), Cornerstone (US), ADP (US), iCIMS (US), Jobvite (US), PeopleFluent (US), SilkRoad Technology (US), Paycor (US), Greenhouse Software (US), Workday (US), Ultimate Software (US), JazzHR (US), ClearCompany (US), BambooHR (US), Racarie Software (US), Zoho (US), SmartRecruiters (US), Ascentis (US), Recruiterbox (US), Infor (US), ResumeWare (US), TribePad (UK), and ATS OnDemand (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Industry Overview of the Applicant Tracking System MarketThe Global Applicant Tracking System Market is witnessing a remarkable growth owing to an increase in the demands for the products and a tremendous shift in consumer preferences.

The report on Global Applicant Tracking System Market offers a comprehensive analysis of the recent advancements in the Applicant Tracking System industry and trends driving the growth of the market.

The industry is expected to grow at a rate of 8.0% CAGR during the forecast period from 2020-2027.

The impact analysis of the pandemic is described in the report.

A comprehensive analysis of the present and future impact of COVID-19 on the market, along with a post-COVID-19 scenario, is included in the report.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1575On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.For the purpose of this study, Reports and Data have segmented the market on the basis of Deployment, Organization size, Offerings, End user and region:Deployment Outlook (Revenue, USD Million; 2018-2026)On-premisesCloudOrganization size Outlook (Revenue, USD Million; 2018-2026)Small and Medium-sized Enterprises (SMEs)Large enterprisesOfferings Outlook (Revenue, USD Million; 2018-2026)SoftwareServicesEnd user Outlook (Revenue, USD Million; 2018-2026)IT and TelecommunicationsBanking, Financial Services, and InsuranceGovernment and Public SectorRetail and Consumer GoodsOthers Some of the key players operating in the Applicant Tracking System market include: Oracle, SAP, IBM, Cornerstone, iCIMS, ADP, PeopleFluent, Jobvite, SilkRoad Technology, BambooHR, Racarie Software, Greenhouse Software, Paycor, Workday, JazzHR, Ultimate Software, ClearCompany, Zoho, SmartRecruiters, Ascentis , Recruiterbox, Infor, ResumeWare, TribePad, and ATS OnDemand.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1575Beneficial Aspects of the Report:Global and region forecast of the Applicant Tracking System market from 2020-2027In-depth analysis of market dynamics, industry outlook, market size based on types and applicationsDetails of value chain analysis, supply and demand ratio, production and consumption patternsSWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive playersDetailed insights on competitive landscape and emerging market trendsResearch Methodology:The market report is formulated on the basis of data obtained through extensive primary and secondary research.