The global applicant tracking system market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period (2022-2028). The major factor that drives the global applicant tracking market is enhanced candidate experience through a streamlined process, the requirement for automation in the recruitment process, and increased reporting and compliance. Moreover, technological advancements affecting HR require an evolving set of skills to verify relevance with the job postings. HR managers face difficulties completely adopting modern application tracking system solutions due to a lack of relevant IT skills and software knowledge. Thus, lack of skill and limited technical expertise is expected to restrain the global applicant tracking system market.
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Furthermore, various key players are focused on entering into partnerships, merger acquisitions, and innovative solutions offerings to stay in the competition. For instance, in March 2021, PeopleFluent partnered with Visier, a people analytics, and planning company, to gain powerful insights into Visier’s people analytics platform, which includes solutions for performance, succession, and compensation in the workplace.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Applicant Tracking System Market Report Segment
By Component
- Software
- Services
By Deployment Mode
- On-Premises
- Cloud
By Organization Size
- Small & Medium Size Enterprises
- Large Enterprises
By Vertical
- BFSI
- Government
- Manufacturing
- Telecom & IT
- Consumer Goods & Retail
- Healthcare & Lifesciences
- Energy & Utilities
- Transportation & Logistics
- Others
Global Applicant Tracking System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global applicant tracking system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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