ATS Market is globally expected to drive growth through 2023-2032
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The global ATS Market was valued at USD 2.3 billion in 2022 and is projected to reach USD 4.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% during the forecast period. The market's growth is primarily driven by the increasing adoption of cloud-based solutions, which offer numerous advantages such as accessibility, scalability, and cost-effectiveness. This has led to a significant uptake of ATS solutions by small and medium-sized businesses (SMEs) as they can leverage these systems without making substantial upfront investments in hardware and software.
Furthermore, the ATS industry is propelled by the growing focus on candidate experience and company branding. Employers have come to recognize that the recruitment process goes beyond selecting the best candidate for a position; it also entails providing candidates with a positive experience that enhances the employer's reputation. To improve their brand image, employers are increasingly turning to ATS solutions that offer streamlined and user-friendly application procedures, ensuring a seamless experience for candidates.
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The market for ATS is also being driven by the rise in demand for mobile-friendly solutions. Employers are realizing the need for ATS solutions that are mobile device focused as more and more job searchers utilize mobile devices to browse for employment and apply for openings. Since more people utilize mobile devices for job searching and application, this trend is expected to continue over the projection period.
The rising demand for analytics and data-driven insights is another factor influencing the ATS industry. Recognizing the importance of data in the hiring process, employers are searching for ATS solutions that may give them insights into their hiring practices and assist them in making better choices. Employers trying to streamline their hiring processes are increasingly using ATS platforms that include comprehensive analytics and reporting capabilities.
Competitive Landscape:
Oracle Corporation
SAP SE
IBM Corporation
Microsoft Corporation
LinkedIn Corporation
iCIMS, Inc.
Zoho Corporation
BambooHR LLC
ClearCompany HRM, Inc.
Jobvite Inc.
ADP, Inc.Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/5903
The global market is further segmented into type and application:
By Component Outlook
Software
ServicesBy Deployment Mode Outlook
On-Premises
Cloud-basedBy Organization Size Outlook
Small and Medium-sized Enterprises
Large EnterprisesRegional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/5903
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