DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The ATS market size is expected 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.
Focus on enhancing candidate experience and an emerging need for analytics are major growth factors for the market. However, lack of awareness about the benefits of ATS could affect the growth of the ATS market.
Services are an important part of ATS offerings. ATS services assist and support organizations across industries in effectively dealing with candidate sourcing, resume tracking, and finally the onboarding of the selected candidates. The various significant benefits of ATS services include huge cost savings, trained resources, 24X7 customer service availability, and support for recruiters using the ATS software.
The cloud deployment of ATS software offers various benefits, such as enhanced security, improved scalability, better flexibility, and lower costs. The rise in data generation and use of advanced technologies such as 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. These factors are driving the adoption of cloud-based applicant tracking systems.
Market Dynamics
Drivers
- Growth in Geographically Diverse Talent Acquisition
- Increasing Need to Automate Recruitment Processes
- Focus on Enhancing Candidate Experience
- Emerging Need for Analytics Metrics
Restraints
- Lack of Awareness About the Benefits of ATS
Opportunities
- Increasing Demand for Mobile Recruitment
- Collaboration With Social Media Platforms Simplifying Applicant Tracking Processes
Challenges
- Limited Technical Expertise for Using Advanced ATS
- Integration of ATS Software With Other Systems
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Applicant Tracking System Market, By Component
7 Market By Deployment Type
8 Applicant Tracking System Market, By Organization Size
9 Market By Vertical
10 Applicant Tracking System Market, By Region
11 Competitive Landscape
12 Company Profiles
- ADP
- Ascentis
- ATS Ondemand
- Bamboohr
- Clearcompany
- Cornerstone
- Greenhouse Software
- IBM
- Icims
- Infor
- Jazzhr
- Jobvite
- Oracle
- Paycor
- Peoplefluent
- Racarie Software
- Recruiterbox
- Resumeware
- SAP
- Silkroad Technology
- Smartrecruiters
- Tribepad
- Ultimate Software
- Workday
- Zoho
For more information about this report visit https://www.researchandmarkets.com/research/smbts7/global_1_81?w=4
