Applicant Tracking Systems Software Market Overview
Product Overview and Scope of Applicant Tracking Systems Software
The applicant tracking system (ATS) is software for recruiters and employers to track candidates throughout the recruiting and hiring process. This software can come equipped with capabilities ranging from simple database functionality to a full-service suite of tools that makes it easy for businesses of any size to filter, manage, and analyze candidates.
Increasing demand for applicant tracking systems. These systems are excellent for storing candidate information, the best ATS systems can track all communications with candidates. This makes it easy to search and filter resumes and other candidate information, decreasing time-to-fill and ensuring that companies get the best candidates for the position. Furthermore, the ATS provides a centralized platform for managing the entire recruitment workflow. It typically starts with creating and posting job listings on various job boards and career websites. The ATS then collects and stores all incoming resumes and applications in a structured database, allowing recruiters to easily search, filter, and review candidate profiles.
Several key features of ATS software include resume parsing, advanced search, candidate sourcing, multi-channel candidate sourcing, in-built CRM software, email templates, advanced analytics & reporting, various integrations, real-time collaboration, and automation based on certain events and conditions.
Applicant Tracking Systems Software Market – Global Industry Analysis
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Increasing demand for applicant tracking systems software in the recruitment process
Increasing demand for applicant tracking systems software in the recruitment process is the major factor expected to drive the growth of the market. The applicant Tracking System helps to manage the end-to-end recruitment process from sourcing to hiring and helps automate the organization's recruiting and staffing operations. The applicant tracking system is a software solution that helps source talent assess potential, track interview processes, evaluate performance, make offers, and hire. All of this, with the right set of report insights and analytics.
This system helps HR organize, screen, and categorize applicants who fit the position and discard those who do not fit. It aids with interview scheduling, issues notifications, and alerts, and sends automated emails to candidates and employees, such as recruiters and hiring managers. Additionally, business executives are aware of the benefits of automating the recruitment process. HR and talent acquisition have been embracing automation and AI technology.
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Enhance reporting and compliance
Global Applicant Tracking Systems Software Revenue by Regions (2018-2023)
Global Applicant Tracking Systems Software Revenue and Market Share (%) by Regions (2018-2023)
Global Applicant Tracking Systems Software Revenue (USD Billion) by Regions (2018-2023)
|
2018 |
2019 |
2020 |
2021 |
2022 |
2025 |
2030 |
CAGR |
|
|
North America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Europe |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Total |
XX |
XX |
XX |
XX |
2.84 |
XX |
XX |
6.8% |
Global Applicant Tracking Systems Software Revenue Market Share (%) by Regions in 2022
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Global Applicant Tracking Systems Software Revenue Market Share (%) by regions in 2022 |
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Source: Cognitive Market Research |
North America dominated the applicant tracking system market and generated the biggest revenue share. The market's expansion is driven by industrialized nations like the U.S. and Canada. North America is going towards updated and new technology as a result of the rising usage of digital methods. In order to improve operations and obtain a competitive advantage, it also makes greater investments in cutting-edge technology. For instance, iCIMS, a U.S.-based provider of recruiting software, bought Candidate.ID in March 2022. Candidate.ID offers an application tracking system that enables companies to more accurately evaluate and understand their talent through lead scoring. Additionally, with the help of ATS solutions, this acquisition would enable iCIMS to grow its customer base and operations in the United States.
Global Applicant Tracking Systems Software Revenue by Segment
Global Applicant Tracking Systems Software Market by End-Use
• BFSI
• Government
• Manufacturing
• Telecom & IT
• Consumer Goods & Retail
• Healthcare & Lifesciences
• Energy & Utilities
• Transportation & Logistics
• Others
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Global Applicant Tracking Systems Software Revenue Market Share (%) by segment in 2022 |
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Source: Cognitive Market Research |
Based on end-use Telecom & IT sector dominates the market share in 2022. The telecom and IT industry are one of the sectors that heavily rely on applicant tracking systems software due to its high volume of job applications and the need for efficient hiring processes. Telecom and IT companies often receive numerous applications for technical positions and require robust systems to streamline their recruitment workflows.
Global Applicant Tracking Systems Software Market by Component
• Software
• Services
Global Applicant Tracking Systems Software Market by Deployment Type
• On-premises
• Cloud
Global Applicant Tracking Systems Software Market by Enterprise Size
• SMEs
• Large Enterprises
Global Applicant Tracking Systems Software Market by Service
• Managed services
• Professional services
Global Applicant Tracking Systems Software Manufacturers Profiles/Analysis
IBM Corporation
IBM Corporation Company Basic Information, and Sales Area
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|
Item |
Description |
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1 |
Company Name |
IBM Corporation |
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2 |
Website |
www.ibm.com |
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3 |
Established Date |
1911 |
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4 |
Headquartered |
United States |
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5 |
Market Position/History |
IBM Corporation was founded in 1911 in Endicott, New York, by Charles Ranlett Flint. It was founded as Computing-Tabulating-Recording Company (CTR) and was renamed International Business Machines in 1924. The company is headquartered in Armonk, New York, United States. In 1964, IBM Corporation launched the first computer system family, the IBM System/360. In 1969, the company’s engineer invented the magnetic stripe card for credit/debit/ATM cards, driver's licenses, rapid transit cards, and a multitude of other identity and access control applications. In 2002 IBM Corporation acquired PwC Consulting and in 2005, the company sold its personal computer business to technology company Lenovo. Later in 2009, it acquired the software company SPSS Inc. The company entered into several partnerships including Apple Inc., Twitter, Facebook, Tencent, Cisco, UnderArmour, Box, Microsoft, VMware, CSC, Macy's, Sesame Workshop, the parent company of Sesame Street, and Salesforce.com. In 2015, the company announced several major acquisitions such as Cleversafe, and all digital assets from The Weather Company, including Weather.com and the Weather Channel mobile app. In 2022, IBM acquired Databand, a provider of data observability software. IBM operates in more than 175 countries worldwide. |
|
6 |
Sales Area |
Worldwide |
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7 |
Manufacturing Location |
U.S., Turkey, Toronto, Thailand, Singapore, Germany, Fujisawa, Amsterdam, Argentina |
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8 |
Ticker |
NYSE: IBM |
|
9 |
No. of Employees |
288,300 |
|
10 |
Competitors |
Microsoft, Oracle, Amazon, Informatica, Collibra, SAP, Alation, Talend, Adaptive, Google |
|
11 |
CEO |
Arvind Krishna |
|
12 |
Ownership Type |
Public |
|
13 |
Contact Address |
1 New Orchard Road, Armonk, New York 10504-1722, United States Tel: 1-800-426-4968 |
Business Segment/ Overview:
IBM Corporation is a US-based technology company. The company offers computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology.
The company operates through four business segments including software, consulting, infrastructure, and financing. The software segment comprises two business areas as Hybrid Platform & Solutions and Transaction Processing.
Its consulting segment provides industry expertise and capabilities in business transformation and technology implementation. Consulting designs and builds open, hybrid cloud architectures and optimizes key workflows and business processes with IBM and ecosystem partner technologies. Consulting comprises three business areas such as business transformation, technology consulting, and application operations.
Investment in Research and Development
Research and development costs incurred and charged to income for the fiscal years ended December 31, 2021, and 2020 were USD 6,216 million and USD 5,968 million respectively.
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IBM Corporation R&D Investment (USD Million) (2020-2021) |
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Source: Cognitive Market Research |
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IBM Corporation Net Sales, By Segments (2020-2021) (USD Million) |
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Source: Cognitive Market Research |
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IBM Corporation Net Sales, By Region (2020-2021) |
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Source: Cognitive Market Research |
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Applicant Tracking Systems Software Product Types Specification
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Product |
Product Description |
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Sourcing and nurturing candidates |
The company serves as eyes and ears in the job market, searching based on keywords and scouring job boards such as LinkedIn and others to alert potential candidates. Additionally, the software searches for profiles and resumes of people matching the criteria and lists qualified candidates in a spreadsheet. |
Business Strategy
IBM Corporation focuses on innovation and develops new innovative products and solutions. For instance, the company launched new AI-enabled solutions such as the IBM Environmental Intelligent Suite, to make its clients more sustainable over time. Additionally, it has launched a new IBM Z and cloud modernization center for the acceleration of the hybrid cloud. The company is involved in collaboration with various companies for the development of various solutions. Also, the company is investing a huge amount in research & development activity to develop new technologies and improve its existing ones, ensuring that the company stays in the vanguard of technological innovation that helps enterprises achieve their digital transformations.
