The Asia Pacific Applicant Tracking System Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Candidates are searching for simple and user-friendly application processes. The finest applicant tracking system enables people to apply for jobs without having to log in from any device. As a consequence, businesses gain from an increased number of applicants, who can then be automatically graded based on their talents and expertise. During the hiring process, applicant tracking systems make it simple for users to provide feedback and notes on a candidate. Some of these ATS solutions can be used through a mobile device resulting in improved convenience for busy recruiters and hiring managers.
To filter and categorize resumes, the top ATS software employs cutting-edge technology such as natural language processing and artificial intelligence. The software goes through each resume and looks for keyword matches and analyzes data using various methods. Many applicant tracking systems interfaces with job boards, making job advertisements easier to manage.
Many talent acquisition professionals aren't making full use of the resources and technologies at their disposal to engage and assess prospects. While India is at the forefront of using application tracking systems and video interviews, many recruiters are still ignoring mobile recruiting solutions that might help make the talent acquisition process more effective for both candidates and talent acquisition professionals.
Recruitment is a critical component of HR management and for the company's long-term success. The first challenge a foreign-invested enterprise (FIE) may face after arriving in China is finding qualified local staff to support its growth. SMEs frequently seek individuals with a variety of abilities to fill a variety of tasks, which can lead to uncertainty and ambiguity in the job description. This makes it more difficult for them to continue with the recruitment process and do the subsequent job analysis.
The China market dominated the Asia Pacific Applicant Tracking System Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $252.2 million by 2027. The Japan market is poised to grow at a CAGR of 7.2% during (2021 - 2027). Additionally, The India market would display a CAGR of 8.5% during (2021 - 2027).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Component, the market is segmented into Software and Services. Based on Deployment Model, the market is segmented into On-premise and Cloud. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Retail & Consumer Goods, Manufacturing, Healthcare, Government & Defense, Transportation & Logistics, Energy & Utility, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Applicant Tracking System Market is Projected to reach USD 3.3 Billion by 2027, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Infor, Inc., Workday, Inc., ADP, Inc., Zoho Corporation Pvt. ltd., Bullhorn, Inc., Cornerstone OnDemand, Inc., and iCIMS, Inc.
By Enterprise Size
By Component
By Deployment Model
By Vertical
By Country
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