Applicant Tracking System Market Revenue to outshine USD 4.5 billion By 2027
Posted On August 10, 2021
The Global Applicant Tracking System Market revenue is anticipated to grow to around USD 4.5 billion by 2027 with a CAGR of 9% during the year 2021-2027 as per the report published by Value Market Research. The rising demand for cost efficient hiring tools is driving the market growth. Emergence of social media platform is fueling the market growth. However, complexity in handling process with privacy concern regarding database may hinder the market growth. Rising preference towards cloud based tracking system is again boosting the market growth. Also, reliability issues such as rejection of suitable candidate may negatively impact the market penetration of the applicant tracking system.
Applicant tracking system refers to the software application that manages all the recruitment and hiring process. The main focus of the software is to speed up the hiring process. It also posts job ads on the multiple reliable portals for the job seekers for increasing the candidate pool. In addition to this, it helps in sorting and ranking of the candidates, scheduling interviews along with sending the automated emails to the liable candidates.
The elaborate study "Global Applicant Tracking System Market Report By Component (Software And Service) Deployment (On-Premise And Cloud) Organization (Small And Middle Sized Enterprise And Large Enterprise) Vertical (Banking, Financial Service & Insurance, IT & Telecommunications, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Healthcare & Life Sciences And Others) Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of component the market is segmented into Software, Service. By deployment the applicant tracking system market is categorised as On-Premise, Cloud. By organization the applicant tracking system market is categorised as Small and Middle Sized Enterprise, Large Enterprise. Based on vertical the applicant tracking system market is segmented as Banking, Financial Service & Insurance, IT & Telecommunications, Government & Public Sector, Retail & Consumer Goods, Manufacturing, Healthcare & Life Sciences, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Applicant Tracking System Market -
- Small and Middle Sized Enterprise
- Large Enterprise
- Financial Service & Insurance
- IT & Telecommunications
- Government & Public Sector
- Retail & Consumer Goods
- Healthcare & Life Sciences
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
ADP, Cornerstone, Greenhouse Software, IBM, Icims, Jobvite, Oracle, Paycor, Peoplefluent, SAP, and Silkroad Technology.
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