Applicant Tracking Systems Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44215
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The applicant tracking systems market size is expected to grow by $ 463.12 mn and record a CAGR of 6% during 2021-2025.

This post-pandemic applicant tracking systems market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this applicant tracking systems market analysis report, key drivers such as cost-effective and less time-consuming have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as availability of open-source applications, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Applicant Tracking Systems Market Size be in 2021?

Applicant-Tracking-Systems-Market-Market-Size-2020-2025

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Who are the Key Vendors in the Applicant Tracking Systems Market?

The applicant tracking systems market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

  • Alphabet Inc.
  • Automatic Data Processing Inc.
  • ClearCompany Inc.
  • Greenhouse Software Inc.
  • iCIMS Inc.
  • International Business Machines Corp.
  • Jobvite Inc.
  • Oracle Corp.
  • SAP SE
  • Workday Inc.

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The applicant tracking systems market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This applicant tracking systems market report further entails segmentations by deployment (Cloud-based and On-premises) and geography (North America, Europe, APAC, South America, and MEA). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The applicant tracking systems market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Applicant Tracking Systems Market?

Applicant-Tracking-Systems-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. North America will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The emergence of artificial intelligence (ai)-related services will significantly influence applicant tracking systems market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

50% of the market’s growth will originate from North America during the forecast period. US, China, UK, Canada, and Germany are the key markets for applicant tracking systems market in the region. This report provides estimations of the contribution of all regions to the growth of the applicant tracking systems market size.

Applicant Tracking Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 463.12 million

Market structure

Fragmented

YoY growth (%)

5.20

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 50%

Key consumer countries

US, China, UK, Canada, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Automatic Data Processing Inc., ClearCompany Inc., Greenhouse Software Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Oracle Corp., SAP SE, and Workday Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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What are the Key Factors Covered in this Applicant Tracking Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive applicant tracking systems market growth during the next five years
  • Precise estimation of the applicant tracking systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the applicant tracking systems market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of applicant tracking systems market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The applicant tracking systems market growth will increase by $454.31 million during 2019-2024.
The applicant tracking systems market is expected to grow at a CAGR of 6.21% during 2019-2024.
Technavio has segmented the applicant tracking systems market by deployment (Cloud-based and On-premises) and geographic (North America, Europe, APAC, South America, and MEA).
Alphabet Inc., Automatic Data Processing Inc., Bamboo HR LLC, ClearCompany Inc., Cornerstone OnDemand Inc., Greenhouse Software Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Oracle Corp., SAP SE, Workday Inc. are a few of the key vendors in the applicant tracking systems market.
North America will register the highest growth rate of 49.81% among the other regions. Therefore, the applicant tracking systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the applicant tracking systems market growth are:
  • Cost-effective and less time-consuming
  • Emergence of artificial intelligence (AI)-related services
The applicant tracking systems market vendors should focus on grabbing business opportunities from the cloud-based segment as it accounted for the largest market share in the base year.
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