The global applicant tracking system market accounted for US$ 675.3 Mn in 2017 and is expected to grow at a CAGR of 9.2% during the forecast period 2018 – 2025, to account for US$ 1345.7 Mn in 2025.
North America was the leading geographic market and it is anticipated to be lose its dominance to Asia Pacific in 2025. The region has been attracting large count of businesses for expansion of their existing operations. Also, due to the rising economic importance of Asia Pacific the growth for applicant tracking system market is being impacted directly.
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Gaining prominence of the cloud based applicant tracking software
Rapid expansion of the cloud-based services has resulted in a dynamic and a very competitive software industry environment globally. Cloud based applicant tracking software implementations characteristically do not require high capital investments, thereby keeping a company’s IT infrastructure model very cheap and consistent. Thus, this model could bring significant profits for any organization and at an early stage itself. This problem is also easily solved using the model. The cost savings with the help of shared infrastructure model is done with respect to the software licenses, electricity, maintenance fees, eliminating the cost of servers and other storage devices, consultant fees, data center space, and IT personnel.
ATS is a service based business model that has witnessed rapid growth as a result of growing penetrations of smartphones and related devices in the global market. As the service is a digital data driven service, it is anticipated to be benefited with the advancements in the digital world such as analytics. Analytics would enable the mobility service provider company to understand the preferences of each customer and thereby send out optimized routes & means of transport to the customer.
The List of Companies – IPaaS Market
- ApplicantStack
- Oracle Corporation
- iCIMS, Inc.
- Workable Software Ltd.
- Hyrell
- Bullhorn, Inc.
- ClearCompany
- Greenhouse Software, Inc.
- Jobvite Inc.
- Automatic Data Processing, Inc.
GLOBAL APPLICANT TRACKING SYSTEM – MARKET SEGMENTATION
Global Applicant Tracking System Market – By Deployment Model
- Cloud
- On-Premises
Global Applicant Tracking System Market – By Component
- Solution
- Service
Global Applicant Tracking System Market – By End-user
- BFSI
- IT & Telecommunication
- Manufacturing
- Government
- Retail
- Healthcare
- Others
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