North America currently leads the geographic market but is expected to cede its position to Asia Pacific by 2025. This region has been attracting a significant number of businesses looking to expand their operations. Additionally, the increasing economic significance of Asia Pacific is directly influencing the growth of the applicant tracking system market.
Market Insights: The Rise of Cloud-Based Applicant Tracking Software
The rapid growth of cloud-based services has created a dynamic and highly competitive environment in the global software industry. Implementations of cloud-based applicant tracking software typically require minimal capital investment, which helps maintain a cost-effective and consistent IT infrastructure for companies. This model can yield substantial profits for organizations early on. The shared infrastructure model also addresses cost savings related to software licenses, electricity, maintenance fees, server and storage costs, consultant fees, data center space, and IT personnel.Strategic Insights: Mobile Recruitment Opportunities in the ATS Market
The ATS operates on a service-based business model that has experienced rapid growth due to the increasing penetration of smartphones and related devices worldwide. As a digital data-driven service, it is expected to benefit from advancements in the digital landscape, such as analytics. Analytics will allow mobility service providers to better understand customer preferences and optimize routes and transportation options for them.Component Segment Insights
The applicant tracking system market is divided into two main components: solutions and services. There are two primary categories of ATS solutions: one tailored for employers and the other for recruiting firms. Each software type is specifically designed to meet the needs of its end-users. Notable ATS solutions widely used globally include Taleo, Kenexa-Brassring, Jobvite, iCims, and SAP-SuccessFactors.End-User Segment Insights
The applicant tracking system market is segmented by end-user into IT & Telecom, retail, BFSI, consumer goods, manufacturing, healthcare, government, and others. Despite a somewhat bleak employment outlook, the IT & Telecom sector is expected to drive the adoption of applicant tracking systems for two main reasons. First, there is a growing demand for talent globally, leading to an increasing number of applicants daily. To effectively manage this influx, IT & Telecom companies are increasingly implementing applicant tracking systems. Second, these companies have significant spending power on emerging technologies, which is expected to contribute substantial profits to the ATS market.Recent market initiatives have emerged as the most common strategy in the global applicant tracking system market. Some of the latest initiatives include:
2018: ClearCompany partnered with ADP, LLC to launch Advanced Talent, a talent solution for companies with 100 to 2,000 employees, integrating both ADP Workforce Now and ClearCompany talent tools.
2018: Workable Software released a General Data Protection Regulation (GDPR) feature pack, primarily aimed at helping clients meet essential recruiting requirements.
2018: SAP SE introduced new and updated features to the SAP SuccessFactors HCM Suite, facilitating compliance with privacy laws and data protection for HR leaders worldwide.
Applicant Tracking System (ATS) Market Report Scope
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
Global Applicant Tracking System Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- U.K
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Applicant Tracking System Market - Company Profiles
- ApplicantStack
- Oracle Corporation
- iCIMS, Inc.
- Workable Software Ltd.
- Hyrell
- Bullhorn, Inc.
- ClearCompany
- Greenhouse Software, Inc.
- Jobvite Inc.
- Automatic Data Processing, Inc.
- SAP SE
- 4Talent
- Grupo Navent S.R.L
- GUPY Tecnologia em Recrutamento LTDA
- Kenoby
- Pemasys
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Table of Contents
Companies Mentioned
- AeroAstro, Inc.
- Airbus Defence and Space
- Ball Aerospace Technologies Corp.
- Boeing Defense, Space Security
- JSC Information Satellite Systems
- Lockheed Martin
- OHB System AG
- Orbital ATK
- SSL
- Thales Alenia Space