Applicant Tracking System Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Deployment Model (Cloud, On-Premise); By Organization Size (SMEs, Large Enterprises), By Industry Vertical; By Region; Segment Forecast,
Description
The global applicant tracking system market size is expected to reach USD 5.53 billion by 2034 according to a new study by Polaris Market Research. The report “Applicant Tracking System Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Deployment Model; By Organization Size, By Industry Vertical; By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Several factors, such as the rise in demand for automation in the recruitment process, the need to enhance candidate experience through streamlined processes, and the emergence of mobile-based recruitment systems, are driving market growth. In addition, the numerous benefits associated with the applicant tracking system, such as reduced time spent on administrative tasks, faster and more efficient CV screening, improved quality of hire, and an enhanced candidate experience, contribute to the growth of the global ATS market.
Companies of all sizes use these tracking solutions to search, organize, and communicate with large groups of applicants. For instance, according to studies, approximately 90% of Fortune 500 companies utilize an ATS as part of their recruiting strategy. In 2021, the consumer goods and retail segment dominated the market and is expected to witness the highest CAGR during the forecast period. This sector is one of the leading private-sector employers in the U.S. and around the globe. However, recruiters in this sector are under pressure to keep recruiting retail personnel owing to the high turnover. Also, according to LinkedIn, an American business and employment-oriented online service, the retail sector has the second-highest turnover rate in the job industry. The factors above boost demand for ATS solutions in the consumer goods and retail industry.
Market participants such as ADP, BambooHR, ATS OnDemand, Breezy HR, CEIPAL, ClearCompany, Bullhorn, PeopleFluent, Cornerstone, IBM, iCMIS, Greenhouse Software, JazzHR, Lever, Oracle, Paycor, Jobvite, Ultimate Software, SAP, Skeeled, Silkroad Technology, SmartRecruiters, TalentNest, Trakstar Hire, and Workday are some of the key players operating in the global market. Players worldwide are adopting several strategies to expand their geographical presence, develop new applicant tracking systems, and generate novel revenue streams. For instance, in February 2022, iCIMS, Inc., a cloud-based applicant tracking system solutions provider, launched iCIMS Offer and Prime Connector, the new products to streamline and simplify the recruiting experience for employers and job candidates.
Polaris market research has segmented the applicant tracking system market report on the basis of component, deployment model, organization size, industry vertical, and region:
Applicant Tracking System, Component Outlook (Revenue - USD Billion, 2020 - 2034)
Software
Services
Applicant Tracking System, Deployment Model Outlook (Revenue - USD Billion, 2020 - 2034)
Cloud
On-premise
Applicant Tracking System, Organization Size Outlook (Revenue - USD Billion, 2020 - 2034)
SMEs
Large Enterprises
Applicant Tracking System, Industry Vertical Outlook (Revenue - USD Billion, 2020 - 2034)
BFSI
Government
Manufacturing
Telecom and IT
Consumer Goods and Retail
Healthcare and Life Sciences
Energy and Utilities
Transportation and Logistics
Others
Applicant Tracking System, Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Several factors, such as the rise in demand for automation in the recruitment process, the need to enhance candidate experience through streamlined processes, and the emergence of mobile-based recruitment systems, are driving market growth. In addition, the numerous benefits associated with the applicant tracking system, such as reduced time spent on administrative tasks, faster and more efficient CV screening, improved quality of hire, and an enhanced candidate experience, contribute to the growth of the global ATS market.
Companies of all sizes use these tracking solutions to search, organize, and communicate with large groups of applicants. For instance, according to studies, approximately 90% of Fortune 500 companies utilize an ATS as part of their recruiting strategy. In 2021, the consumer goods and retail segment dominated the market and is expected to witness the highest CAGR during the forecast period. This sector is one of the leading private-sector employers in the U.S. and around the globe. However, recruiters in this sector are under pressure to keep recruiting retail personnel owing to the high turnover. Also, according to LinkedIn, an American business and employment-oriented online service, the retail sector has the second-highest turnover rate in the job industry. The factors above boost demand for ATS solutions in the consumer goods and retail industry.
Market participants such as ADP, BambooHR, ATS OnDemand, Breezy HR, CEIPAL, ClearCompany, Bullhorn, PeopleFluent, Cornerstone, IBM, iCMIS, Greenhouse Software, JazzHR, Lever, Oracle, Paycor, Jobvite, Ultimate Software, SAP, Skeeled, Silkroad Technology, SmartRecruiters, TalentNest, Trakstar Hire, and Workday are some of the key players operating in the global market. Players worldwide are adopting several strategies to expand their geographical presence, develop new applicant tracking systems, and generate novel revenue streams. For instance, in February 2022, iCIMS, Inc., a cloud-based applicant tracking system solutions provider, launched iCIMS Offer and Prime Connector, the new products to streamline and simplify the recruiting experience for employers and job candidates.
Polaris market research has segmented the applicant tracking system market report on the basis of component, deployment model, organization size, industry vertical, and region:
Applicant Tracking System, Component Outlook (Revenue - USD Billion, 2020 - 2034)
Software
Services
Applicant Tracking System, Deployment Model Outlook (Revenue - USD Billion, 2020 - 2034)
Cloud
On-premise
Applicant Tracking System, Organization Size Outlook (Revenue - USD Billion, 2020 - 2034)
SMEs
Large Enterprises
Applicant Tracking System, Industry Vertical Outlook (Revenue - USD Billion, 2020 - 2034)
BFSI
Government
Manufacturing
Telecom and IT
Consumer Goods and Retail
Healthcare and Life Sciences
Energy and Utilities
Transportation and Logistics
Others
Applicant Tracking System, Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
114 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. U.S. Electrophysiology Mapping and Ablation Devices Market Insights
- 4.1. Electrophysiology Mapping and Ablation Devices Market – Market Snapshot
- 4.2. Electrophysiology Mapping and Ablation Devices Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Demand for Advanced Rhythm Management Tools in Both Hospital and Ambulatory Settings
- 4.2.1.2. Increasing Burden of Cardiac Conditions
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Risk of Complications During or After the Procedure
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Electrophysiology Mapping and Ablation Devices Market Trends
- 4.6. Value Chain Analysis
- 5. U.S. Electrophysiology Mapping and Ablation Devices Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Product, 2020-2034 (USD Billion)
- 5.3. Mapping & Lab Systems
- 5.3.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Mapping & Lab Systems, by Region, 2020-2034 (USD Billion)
- 5.4. Diagnostic Catheters
- 5.4.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Diagnostic Catheters, by Region, 2020-2034 (USD Billion)
- 5.5. Ablation Catheters
- 5.5.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Ablation Catheters, by Region, 2020-2034 (USD Billion)
- 5.6. Accessory Devices
- 5.6.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Accessory Devices, by Region, 2020-2034 (USD Billion)
- 5.7. Transseptal Needles
- 5.7.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Transseptal Needles, by Region, 2020-2034 (USD Billion)
- 5.8. Navigational Accessories
- 5.8.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Navigational Accessories, by Region, 2020-2034 (USD Billion)
- 6. U.S. Electrophysiology Mapping and Ablation Devices Market, by Procedure
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Procedure, 2020-2034 (USD Billion)
- 6.3. EP Ablation Procedures
- 6.3.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by EP Ablation Procedures, by Region, 2020-2034 (USD Billion)
- 6.4. Stand-Alone EP Diagnostic Procedures
- 6.4.1. U.S. Electrophysiology Mapping and Ablation Devices Market, by Stand-Alone EP Diagnostic Procedures, by Region, 2020-2034 (USD Billion)
- 7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
- 8. Company Profiles
- 8.1. Abbott
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Biotronik SE & Co KG
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Boston Scientific Corporation
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. AtriCure, Inc.
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. GE HealthCare
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Johnson & Johnson
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Koninklijke Philips N.V.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Medtronic
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. MicroPort Scientific Corporation
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Siemens Healthineers
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. CardioFocus, Inc.
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
- 8.12. Freudenberg Medical
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Recent Development
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