United Kingdom Applicant Tracking System Market Insights Forecasts to 2033

• The U.K. Applicant Tracking System Market Size was valued at USD 71.17 Million in 2023.
• The Market is Growing at a CAGR of 5.19% from 2023 to 2033
• The UK Applicant Tracking System Market Size is Expected to Reach USD 118.01 Million by 2033

The U.K. Applicant Tracking System Market is Anticipated to Reach USD 118.01 Million by 2033, growing at a CAGR of 5.19% from 2023 to 2033.

Market Overview

Recruiters and companies can track candidates during the hiring and recruiting process by using an applicant tracking system (ATS). Businesses of all sizes can find it easier to screen, manage, and analyze prospects with this software, which might include features ranging from basic database capability to a full-service suite of tools. Although every company is different, they are all focused on luring, selecting, and developing the best possible employees. A lot of companies have significant difficulties throughout the hiring or onboarding process. The best applicants may be found, hired, and retained by the company with the use of an ATS's many features. ATS provides software tools and intelligently analyzes and manages candidates' portfolios to automate the recruiting process. The job seekers' input data is gathered and stored by the used software. The candidate's contact details, educational history, work history, and many other details are among the information's primary contents.

Report Coverage

This research report categorizes the market for the UK applicant tracking system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom applicant tracking system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. applicant tracking system market.

Driving Factors

Some companies are too small to reach the best candidates for positions or to reach a large enough audience in the industry. Some firms might not have the resources to build their brand recognition, while others are missing vital information on the appropriate channels to locate particular applicants. These crucial candidate obstacles can be addressed with the aid of an ATS. Artificial intelligence (AI) and machine learning can be added to some systems to enhance their capabilities and maximize each hire. These features include profiling the perfect candidate, identifying and evaluating skills, and projecting success factors. By doing this, businesses may target particular job searchers on the platforms and channels they use most frequently, increase brand recognition, and gain a deeper understanding of candidate behavior. Moreover, there is a huge chance for the applicant tracking system market in the UK to expand given the rise in mobile job searches and the development of social media platforms.

Restraining Factors

For the recruitment team to use the ATS software efficiently, they need to receive the right instruction and training. Therefore, the ATS market's growth is projected to be constrained by the skill gap among HR professionals.

Market Segmentation

The UK applicant tracking system market share is classified into organization size and end-user.

• The large enterprises segment is expected to hold the greatest market share through the forecast period.    

The U.K. applicant tracking system market is segmented by organization size into SMEs and large enterprises. Among these, the large enterprises segment is expected to hold the greatest market share through the forecast period. To increase corporate operational efficiency across geographies, major corporations are implementing ATS software. Furthermore, big businesses hire new employees daily. The hiring procedure takes a long time and is typically completed by hand.

• The BFSI segment is anticipated to hold a significant share of the United Kingdom applicant tracking system market during the forecast period.       

Based on the end-user, the UK applicant tracking system market is divided into BFSI, IT & telecom, manufacturing, and retail & consumer goods. Among these, the BFSI segment is anticipated to hold a significant share of the United Kingdom applicant tracking system market during the forecast period. The growing desire for cost reduction to raise the company's profits and heightened competition are the reasons for the segment's rise. It is a constant responsibility for candidates in the BFSI industry to fulfill daily and monthly targets and stay up to date with contemporary economic developments.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. applicant tracking system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Betterteam
• Bullhorn
• Pinpoint
• Greenhouse
• Workable
• BambooHR
• monday.com
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2022, In order to save its clients' time and money while verifying references, iCIMS announced that it has acquired SkillSurvey.

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Applicant Tracking System Market based on the below-mentioned segments:

United Kingdom Applicant Tracking System Market, By Organization Size

• SMEs
• Large Enterprises

United Kingdom Applicant Tracking System Market, By End-user

• BFSI
• IT & Telecom
• Manufacturing
• Retail & Consumer Goods