UK Applicant Tracking System Market Size And Forecast
The UK Applicant Tracking System Market was valued at USD 63.35 Million in 2019 and is projected to reach USD 113.59 Million by 2027, growing at a CAGR of 5.19% from 2019 to 2027.

What is Applicant Tracking System?
The recruitment process can be time-consuming for companies as they receive hundreds of resumes for a single job posting. It becomes difficult and challenging for the HR department to practically spend time reading each resume and to manage and streamline the resumes, interview, and hiring processes. The applicant tracking system (ATS) helps to keep all the resumes in one place. ATS automates the recruitment and hiring process and it provides the tools to intelligently monitor and progress candidates throughout the hiring process. The solution extracts the information regarding the candidate’s contact information, educational background, experience, and many other stores into the database.

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UK Applicant Tracking System Market Overview
A number of large, and small and medium-sized businesses are switching from old and traditional methods of recruitment and adopting advanced technology for recruitment solutions. The Applicant tracking system (ATS) makes the job of HR professionals easy by automating the entire application process and further streamlining the interview and hiring processes. Therefore, the demand for automation in the recruitment process is surging in the market as there is no time for a human to go through each one of the applications received from the job seekers.

The automated solution offered by ATS saves both the time and money of the organizations as the applicant’s data in the database is easily accessible and searchable for human resources professionals. Furthermore, the rising number of mobile job searches and emergence of social media platforms presents a great opportunity for the growth of applicant tracking system market in the United Kingdom.

UK Applicant Tracking System Market, Segment Analysis
The UK Applicant Tracking System Market is segmented on the basis of Component, Organization Size, Deployment Type, Vertical, and Geography.

UK Applicant Tracking System Market, by Component:
On the basis of Component, the UK Applicant Tracking System Market has been segmented into Software and Services. Software accounted for the largest market share during the forecast period.

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 By Organization Size, the market is classified into Small and Medium-Sized Enterprises, and Large Enterprises. Large Enterprises accounted for the largest market share in 2019. Companies with more than 1,000 employees have a huge corporate network and significantly employ ATS for managing resumes and further recruitment process. On the basis of Deployment Type, the UK Applicant Tracking System Market has been segmented into On-Premises and Cloud. Cloud accounted for the largest market share. The cloud deployment type comes with immense growth opportunities as it has benefits of enhanced and organized storage, and ready availability of data when required.

UK Applicant Tracking System Market, Vertical
On the basis of Vertical, the UK Applicant Tracking System Market has been segmented into IT and Telecommunications, Government and Public Sector, Banking, Financial Services, and Insurance, Manufacturing, Retail and Consumer Goods, Healthcare and Life Sciences, Energy, and Others. Among these, IT and Telecommunications accounted for the largest market share in 2019 as the IT and telecommunications vertical employs a large number of individuals, therefore, there is a significant need to hire competent and skilled personnel.

UK Applicant Tracking System Market, Competitive Landscape
The UK Applicant Tracking System Market is highly fragmented with the presence of a large number of major companies including Oracle Corporation, IBM Corporation, iCIMS Inc, SAP SE, Ultimate Software, Cornerstone, and many others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmark and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.


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