The Latin America, Middle East and Africa Applicant Tracking System Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
The simplicity with which applicant tracking systems may be integrated with various productivity tools has given the market a substantial boost. Oracle Corporation's PeopleSoft Recruiting Solution, for example, provides recruiters, candidates, and managers with recruitment and career-search capabilities. It offers user-friendly pages for each phase of the recruitment process, enabling external candidates and employees to browse, evaluate, and apply for jobs online. Recruiting managers can focus on the most essential outcome, which is promptly discovering and hiring talent, due to built-in applicant monitoring. The system can be smoothly integrated with productivity applications like MS Outlook, allowing users to arrange interviews without the need for dual entry.
To increase technology usage in the applicant tracking system, recruiting firms are forming a number of cutting-edge technology collaborations. For example, Talview, an AI recruitment firm, said in January 2020 that it has become an integration partner with LinkedIn's Talent Hub application tracking system. Talview's live interviewing services are now integrated into the LinkedIn Talent Hub experience, allowing employers to search, manage, and recruit applicants from a single source.
The United Arab Emirates and Saudi Arabia, two of the most important Middle Eastern economies in the region, are both facing imminent shortages of highly trained workers. It is estimated that both countries are likely to miss out on billions of dollars worth of unrealized output each. As the UAE's economy diversifies, recent government initiatives, such as a new visa entrance system, aim to recruit more highly trained individuals to the country. These initiatives motivate companies operating in the country to streamline and improve their recruitment process and hence, fueling the demand for ATS.
There are many companies across this region which are increasingly adopting advanced solutions in order to improve their business operations as well as revenue. For this, it is highly important for them to recruit people with more talent and hence, require applicant tracking systems. Various sectors like tourism, IT sector and medical sector of the region are constantly expanding and hence, propelling the growth of the regional applicant tracking systems market over the forecast period.
The Brazil market dominated the LAMEA Applicant Tracking System Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $67.2 million by 2027. The Argentina market is exhibiting a CAGR of 11.4% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 10.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Applicant Tracking System Market is Predict to reach $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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