Applicant Tracking System Market Analysis

Deployment (On-premise, Cloud)

The global applicant tracking system market is segmented and analyzed for demand and supply by deployment into on premise, cloud. Out of these, the on premise segment is estimated to gain the largest market share of about 57% in the year 2037. The on premise segment is estimated to gain the largest market share owing to its cost-effective nature, faster processing speed, and the ability to customize the system according to the needs of the organization. ATS is a cost-effective way for companies to deploy, communicate, and maintain their on-premises infrastructure. Low-cost ATS solutions increase the efficiency of operations and reduce the need to hire more IT personnel. For instance, an on-premises platform from Crelate, a recruiting software provider, has been updated with a vendor management system (VMS) that allows recruiters and staffing professionals to streamline their recruitment process. Furthermore, the on-premise segment offers greater control over the data and its security, making it a popular choice for organizations.

Component Type (Software, Services)

The global applicant tracking system market is segmented and analyzed for demand and supply by component type into software and services. Out of these, the software segment is estimated to gain the significant market share of about 53% in the year 2037. The growth of the segment can be attributed to the increasing use of applicant tracking software by organizations to streamline their recruitment processes and reduce the time and effort involved in the hiring process. The software also helps to automate the processes and ensures compliance with regulatory requirements. Additionally, the rising demand for cloud-based solutions and the increasing use of mobile and web interfaces are contributing to the growth of the segment. The software offers features such as job posting, resume parsing, candidate screening and selection, interview scheduling, and onboarding. These features help organizations to reduce their recruitment costs, as they do not have to manually search for and review resumes.

Our in-depth analysis of the global market includes the following segments: