The applicant tracking systems market report serves as a compass for understanding consumer demands, preferences, and evolving tastes for specific products. Serving as a validated information source, this report offers a panoramic view of prevailing market trends, scenarios, opportunities, and status. It meticulously encompasses all facets of the market essential for crafting an exceptional and superior market research report. Within this applicant tracking systems market analysis, an in-depth exploration of segments expected to experience rapid growth within the forecasted timeframe is provided, offering granular market insights crucial for making astute business decisions.

Methodically gathering, recording, and analyzing data concerning the marketing of goods and services, this applicant tracking systems market report delivers an exemplary market research dossier to businesses. Featuring CAGR value fluctuations projected for the market within the forecast period, this report equips businesses with excellent solutions to overcome myriad challenges. The comprehensive market information embedded within this applicant tracking systems market report is poised to foster business growth and enhance return on investment (ROI) significantly.

Data Bridge Market Research analyses that the applicant tracking systems market will exhibit a CAGR of 8.62% for the forecast period of 2022-2029 and is likely to reach the USD 2.77 billion by 2029

Definition

An applicant tracking system (ATS) is an application that collects and stores resumes in a database to manage an organization's recruitment process. After scanning and indexing resumes, ATS stores them in a database and provides recruiters with an online view of job searchers. To process job applications and manage a huge volume of resume data, the majority of the company uses some form of applicant tracking system application. The data is either retrieved from social networking websites like LinkedIn, Facebook, and Twitter or acquired from internal applications using ATSs.

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Key Growth Drivers:

The applicant tracking systems market is being driven by the rise in geographically diverse talent acquisition. Growing demand to automate recruitment processes is a major factor driving the market's growth. The rising focus on improving candidate experience is driving up demand for applicant tracking systems market. Other significant factors such as growing urbanization and the rising need for analytics metrics will cushion the growth rate of applicant tracking systems market. Another vital factor includes the increasing awareness about the benefits of system and surge in the adoption rate of cloud based technologies will accelerate the growth of applicant tracking systems market. Furthermore, technological advancements and increase in the digitalization will influence the applicant tracking systems market for the forecast period mentioned above.   

Moreover, the increase in the adoption rate of new technological solutions and surging demand for mobile recruitment will boost the beneficial opportunities for the applicant tracking systems market growth. Due to the strong demand from various end-use industries and collaboration with social media platforms simplifying applicant tracking processes is expected to grow in the future years.

However, complications in process automation and integration and data security and privacy concerns will hinder the growth of the applicant tracking systems market. Also, the lack of skilled professions and the addition of ATS software with other systems will further pose a challenge to the market. Other factors including less awareness about the benefits associated with ATS act as market restrain and will further obstruct the growth rate of applicant tracking systems market.

The report emphasizes the participation of key entities, notably:

• ADP, Inc.
• Learning Technologies Group Inc.
• Oracle
• IBM
• UKG Inc.
• iCIMS
• Jobvite, Inc.
• SilkRoad Technology
• SAP SE
• Paycor, Inc.
• Greenhouse Software, Inc.
• Workday, Inc.
• Trakstar
• Infor
• JazzHR
• ClearCompany
• Bamboo HR LLC
• Racarie Software
• Zoho Corporation Pvt. Ltd.
• Ascentis Corporation

Major Points in the Report

• Understanding the entirety of the applicant tracking systems marketlandscape thoroughly.
• Exploring the leading entities in this sector, delving into their range of products and core approaches.
• Examining the prominent geographical areas where applicant tracking systems marketdemonstrates significant growth.
• Keeping abreast of the latest shifts and advancements within the industry.
• Identifying specific areas or markets with high potential and promising expansion opportunities.

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Key Market Segmentation

By Component (Software, Services), Organisation Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment Type (Cloud, On-Premise), Vertical (Banking, Financial Services, and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Others), Social Media Integration (Facebook, LinkedIn, Twitter)

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