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NEW YORK, July 13, 2022 /PRNewswire/ — The applicant tracking system (ATS) in higher education market report by Technavio offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The market is fragmented and comprises vendors that offer similar products with less differentiation. The market has low barriers for new entrants. The lucrative nature of the market might attract new vendors with differentiated products during the forecast period. Technavio’s report on the applicant tracking system in higher education offers in-depth market insights that assist global businesses in obtaining growth opportunities.
Technavio expects the global applicant tracking system in higher education market to witness an incremental growth of USD 17.1 million between 2020 and 2025. The market observed a YOY growth of 1.45% in 2021 and the growth momentum is expected to accelerate at a CAGR of 2.14% during the forecast period.
Factors such as an efficient hiring process, expanding the scope of ATS, and increasing enrollments will offer immense growth opportunities. In addition, the integration of ATS with background-checking software is expected to emerge as a key trend in the market. However, the availability of open-source ATS will challenge the growth of vendors. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The market is segmented as follows:
- Deployment
- On-cloud
- On-premise
The on-cloud segment will have the largest share of the market during the forecast period. The segment is driven by the advantages of on-cloud services such as flexibility in scaling and effective data backup systems are driving the growth of the segment. The cost -effectiveness of on-cloud solutions is another key factor driving the segment’s growth.
- Geographic
- North America
- Europe
- APAC
- South America
- MEA
North America will generate maximum revenue in the market. The region will occupy about 53% of the global market share during the forecast period. The increasing adoption of on-cloud ATS in higher education and the high demand for smart and efficient means of recruiting are driving the growth of the regional market.
Some of the major vendors of the applicant tracking system (ATS) in higher education market include Asure Software Inc., Automatic Payroll Systems Inc., BitraNet Pvt. Ltd., Bullhorn Inc., ClearCompany Inc., Greenhouse Software Inc., HIREBRIDGE LLC , Hireserve Ltd., Hirezon Corp., and Kronos Inc. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market.
- Applicant Tracking System (ATS) In Higher Education Market size
- Applicant Tracking System (ATS) In Higher Education Market trends
- Applicant Tracking System (ATS) In Higher Education Market industry analysis
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist applicant tracking system (ATS) in higher education market growth during the next five years
- Estimation of the applicant tracking system (ATS) in higher education…
Full story available on Benzinga.com
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