UK Applicant Tracking System Market Size By Component (Software and Services), By Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises), By Deployment Type (On-Premises and Cloud), By Vertical, By Geographic Scope And Forecast

UK Applicant Tracking System Market Size And Forecast

The UK Applicant Tracking System Market size was valued at USD 73.39 Million in 2024 and is projected to reach USD 106.01 Million by 2031, growing at a CAGR of 5.19% from 2024 to 2031.

The UK report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Applicant Tracking System?

The process of recruitment is time-consuming and imposes a challenging task on the HR team to practically spend time reading each resume and manage and streamline the resumes, interview, and hiring processes. The applicant tracking system (ATS) is the solution that serves the purpose of keeping all the resumes in one place. Small, medium, and large-sized business organizations are shifting to adopt advanced technology for recruitment solutions over traditional ones.

ATS serves the purpose of automating the hiring process by providing software tools and intelligently monitors and manages the candidate’s portfolio. The software utilized gathers and store the input information of the job seekers. The information mainly includes the candidate’s contact information, educational background, experience, and many others. The integration of analytic technologies with the highly designed tracking system results in narrowing down the applicant pool. The system plays a vital role in identifying the top profile candidate. The system widely finds its application in larger organizations and has been found the frequent use by medium and small-sized organizations led to the filtration process being effective and time-efficient.

UK Applicant Tracking System Market Overview

Applicant Tracking System is widely popular for organizations receiving a large number of resumes for a single job posting. A large number of applications led to imposing a big challenge on the HR team to manage the overall responsibilities and tasks. The resume screening is the most time utilizing task to be performed by the HR team. APT contributes to making it simple. The technological innovations and rapidly increasing demand for the automated applicant tracking system led to imposing a positive impact on the growth of the market.

A number of large, 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 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 the emergence of social media platforms present a great opportunity for the growth of the applicant tracking system market in the United Kingdom.

However, owing to the drawbacks of an applicant tracking system such as the introduction of a limited set of keywords for the specified job role expected to restrict the growth of the market.

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

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Based on the Component, the market is bifurcated into Software and Services. The Software segment accounted for the largest market share in 2018 and is projected to grow at a CAGR of 7.69% during the forecast period. The Software application is extensively utilized for employed management. The organizations and capable to use and modify the level of the software application as per the need of end-users. The service provided plays a vital role in effective communication between individuals, personalizing the recruitment process, and overall in building trust between candidates and employers.

UK Applicant Tracking System Market, By Organization Size

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On the basis of Organization Size, the UK Applicant Tracking System Market has been segmented into Small and Medium-Sized Enterprises, and Large Enterprises. Large Enterprises accounted for the largest market share in 2018 and is projected to grow at the highest CAGR of 7.85% during the forecast period. The software and services are extensively beneficial for the organization of the larger size and with the expandable large volume of data, whereas for the organization of smaller and medium-sized the sourcing of candidates is becoming a smaller issue.

UK Applicant Tracking System Market, By Deployment Type

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 the benefits of enhanced and organized storage, and ready availability of data when required.

UK Applicant Tracking System Market, By 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 their 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.

UK Applicant Tracking System Market Share Insights

Key Developments by Major Key Players in the market are as given below.

UK Applicant Tracking System Market Report Scope

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