Insights on the Applicant Tracking System Global Market to 2027 - Increasing Number of Product Innovations Based on AI and CRM Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Applicant Tracking System Market Research Report by Component (Service and Software), Deployment Mode, Organization Size, End-User Industry, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Applicant Tracking System Market size was estimated at USD 2,374.48 million in 2021, USD 2,554.71 million in 2022, and is projected to grow at a CAGR 7.84% to reach USD 3,735.67 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Applicant Tracking System Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Applicant Tracking System Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Applicant Tracking System Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Applicant Tracking System Market?

4. What is the competitive strategic window for opportunities in the Global Applicant Tracking System Market?

5. What are the technology trends and regulatory frameworks in the Global Applicant Tracking System Market?

6. What is the market share of the leading vendors in the Global Applicant Tracking System Market?

7. What modes and strategic moves are considered suitable for entering the Global Applicant Tracking System Market?

Market Dynamics

Drivers

• Increasing number of resumes from various online platforms and apps for applying jobs
• Growing adoption of SaaS by the companies to enhance working efficiency of employers
• Surging focus on enhancing candidates experience in a cost-effective manner

Restraints

• Lack of technologically updated staff leading to problems design and implementation of these tools

Opportunities

• Growing investments on digitalizing the operations by companies in all verticals
• Increasing number of product innovations based on AI and CRM

Challenges

• Data privacy concerns associated with ATS softwares

Companies Mentioned

• ADP, Inc.
• Bullhorn, Inc.
• CEIPAL Corp.
• ClearCompany
• Cornerstone
• Cyclr Systems Ltd.
• Greenhouse Software, Inc.
• iCIMS, Inc.
• International Business Machines Corporation
• Jobvite, Inc.
• Learning Technologies Group Inc.
• Manatal.co.Ltd.
• Oracle Corporation
• Paycor, Inc
• SAP SE
• SilkRoad Technology
• Skillate
• SmartRecruiters
• TalentNest
• Trakstar Hire
• Tribepad
• UKG Inc.
• Workable Technology Limited
• Workday, Inc.
• Zoho Corporation Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/f6yp97