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.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Component
o By Deployment Mode
o By Organization Size
o By Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including ADP, Inc., Bamboo HR LLC., Bullhorn, Inc., CEIPAL Corp., ClearCompany, Inc., Cornerstone, Greenhouse Software, Inc., and other.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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