Coronavirus (Covid-19) Impact On Applicant Tracking System (ATS) Software Market: Outlook, Recent Trends And Growth Forecast 2021-2030 | Global Players – Greenhouse, Oracle, Lever, PeopleFluent, IBM

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New Jersey, United States- The recent report on “Applicant Tracking System (ATS) Software Market Report 2021 by Key Players, Types, Applications, Forecast to 2030” offered by Absolute Markets Insights, comprises a comprehensive investigation into the geographical landscape, industry size along with revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Applicant Tracking System (ATS) Software Market.

Global applicant tracking system (ATS) software market was valued at US$ 1409.24 million in 2020 and is expected to reach US$ 2765.14 million by 2030, growing at an estimated CAGR of 7.7% over the forecast period. At present, the market is sharping its presence and some of the key players in the study are iCIMs, Avature, Greenhouse, Oracle, Lever, PeopleFluent, IBM Kenexa Brass Ring, Workday and SAP SuccessFactors amongst others. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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Being a proficient and comprehensive, this Applicant Tracking System (ATS) Software market report puts a light on primary and secondary drivers, market share, leading segments, possible sales volume, and geographical analysis. This market research report contains thorough analysis of the market structure along with forecast of the various segments and sub-segments of the market. A numerous markets, marketing strategies, trends, future products and rising opportunities are taken into consideration while studying market and preparing this report. The chief areas covered in the Applicant Tracking System (ATS) Software report include market definition, market segmentation, competitive analysis and research methodology.

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Industry Trends

Human resources department is an integral part of any organisation as the overall growth of the business is dependent on its employees. Recruiting right man for right job is of utmost importance, and this is what makes this process a tougher one. As several applicants are likely to apply for one job or positio, hence storage and segregation of the resumes is required and in order to get it done at ease, an application known as applicant tracking system (ATS) is being used by all the businesses today irrespective of their capital size or number of employees. The economic crisis caused by the COVID-19 pandemic brought even more interest from companies to applicant tracking system software. The market shows no signs of slowing down after the pandemic situation (COVID -19).

ATS helps in collection of resume in a database and provides recruiters an online view of people seeking jobs after scanning and indexation of their resumes.

The global applicant tracking system software market has been growing mainly because today most majority of the organization are using some kind of applicant tracking system software to ensure hassle free recruitment process. Along with reducing the burden of storing and sorting large volumes of data, this software also helps cut down costs and also in making smarter decisions in terms of hiring apt applicants. As social networking websites like LinkedIn, Facebook and Twitter are contributing in data collection; more and more companies are getting inclined toward use of applicant tracking system (ATS).

While the use of ATS software helps in automated and less complicated recruitment process, it eliminates human factor in the process. Sometimes an applicant’s complete potential cannot be adjudged from his or her resume. Similarly, complex process automation and integration along with risk of data breach may prove hindrance to the growth of global applicant tracking system software market.

On the other hand, increasing use of social media, job hunting is a relatively easy process as compared to what it was a decade back. Simplified hiring and man-management process promotes use of this software and is likely to provide an impetus to this industry’s growth.

Global Applicant Tracking System Market

Applicant Tracking System (ATS) Software Market: By Organization Size

  • Small Businesses
  • Medium Businesses
  • Large Businesses

Applicant Tracking System (ATS) Software Market: By Component

  • Software
  • Services

Applicant Tracking System (ATS) Software Market: By Deployment Mode

  • Cloud Based
  • On-Premise

Applicant Tracking System (ATS) Software Market: By Vertical

  • BFSI
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Healthcare and Life Sciences
  • Others (Media and Entertainment, and Travel and Hospitality)

Applicant Tracking System (ATS) Software Market: By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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