The Europe Applicant Tracking System Market would witness market growth of 6.4% CAGR during the forecast period (2021-2027).
When it comes to recruiting solutions, determining the best path to spend the budget might be tough. This perplexity can lead to a lot of wasteful spending by a corporation, resulting in losses. A firm can waste a lot of money by publishing job adverts across various mediums and channels when it could have simply invested in the correct social network. An Applicant Tracking System uses numerous specialized data collection approaches to choose the best platform to invest in, making the tech stack adaptable.
The applicant tracking system market is likely to experience an increase in demand in the near future. An applicant tracking system is a software program that allows for the electronic management of recruitment needs. Businesses at various levels can access these systems online based on their recruitment needs, allowing them to collect and evaluate candidate data. Companies utilize applicant tracking system software to better efficiently recruit personnel. The platform can also be used to advertise job openings on a company's website or in a job feed, screen resumes, and send out email interview invitations to shortlisted individuals. Individual applicant monitoring, pre-screening questions, automated resume ranking, response tracking, and customized input forms are all included in the applicant tracking system.
ATS is responsible for a large portion of the liquidity in publicly listed securities around the world. In Europe, they're referred to as multilateral trading facilities, ECNs, cross networks, and call networks. Most ATS are registered as broker-dealers rather than exchanges, and their primary goal is to find transaction counterparties.
The European Union conducted a seminar regarding the management of labor. The seminar centered on the most recent technical advances in the European talent acquisition business. The ESCO (European Skills, Competencies, Qualifications, and Occupations) the team delivered an overview of the EU's labor mobility strategy, CEDEFOP's online job vacancy analysis, and ESCO's objective and added value for job boards (including use cases and current users). The audience was particularly interested in learning about ESCO's relationship with O*NET, the plans for updating the categorization, and how ESCO can support employees in life-long learning through skill analysis.
The Germany market dominated the Europe Applicant Tracking System Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $207.3 million by 2027. The UK market is anticipated to grow at a CAGR of 5.5% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 7.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Applicant Tracking System Market Size will Hit $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
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