- Applicant tracking systems automate recruiting and staffing operations of any organization.
- The global Applicant Tracking System (ATS) Market is expected to grow at a CAGR of ~10% during the forecast period 2018-2023.
- The on-cloud deployment segment was leading in the Applicant Tracking System (ATS) Market in 2016 with a market share of more than 60%.
Factors driving the Applicant Tracking System (ATS) Market growth include the increasing adoption of cloud-based applicant tracking software which is used for tracking employees in organizations. Software-as-a-service is integrated into the system is widely used across companies for hiring candidates.
Applicant tracking systems automate recruiting and staffing operations of any organization. It is also known as a talent management system. The on-cloud deployment segment was leading in the Applicant Tracking System (ATS) Market in 2016 with a market share of more than 60%. It improves staffing efficiencies and productivity and thereby, manages the hiring process by focusing on the best candidates.
Companies such as International Business Machines Corporation (U.S.), SAP SuccessFactors Corp. (U.S.), iCIMS Inc. (U.S.), ADP LLC (U.S.) Taleo Corp. (U.S.), Jobvite (U.S.), are the leading providers of applicant tracking systems solution in the global market.
Some of the prominent players in the global Applicant Tracking System (ATS) Market are Oracle Corporation (U.S.), BambooHR (U.S.), Cornerstone OnDemand Inc. (U.S.), ExactHire (U.S.), IBM Corporation (U.S.), Jobvite Inc. (U.S.), Lumesse Limited (England), Paycor (U.S. ), SAP (SuccessFactors) (Germany), Workday Inc. (U.S.), ApplicantStack (U.S.), Hyrell (U.S.), iCIMS Inc. (U.S.), Bullhorn Inc. (U.S.), ClearCompany (U.S.), Findly Talent LLC (U.S.), and among others.
The global Applicant Tracking System (ATS) Market is segmented into services, deployment, organization size, industries, and region. The services segment is further sub-segmented as managed services and professional service. The deployment is sub-segmented into on-cloud, on-premises. The organization size segment is sub-segmented into SMEs and large enterprises. The industries segment is sub-segmented into government, IT & telecommunication, manufacturing, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and Rest of the World.
The global Applicant Tracking System (ATS) Market is expected to grow at a CAGR of ~10% during the forecast period 2018-2023.
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The regional analysis of Applicant Tracking System (ATS) Market is studied for regions such as Asia Pacific, North America, Europe, and Rest of the World. North America is the leading region across the world in terms of market share. The Applicant Tracking System (ATS) Market in this region has a huge demand due to the increasing adoption of artificial intelligence, which is propelling the market growth to a large extent.
The market for optical sorters in Europe is expected to witness rapid growth due to advancement in
technology in applicant tracking systems which improves staffing operations, increase recruiter productivity, and others. Whereas, Asia Pacific countries, such as China, Japan, and India, are the emerging markets for applicant tracking systems, and they are expected to grow with the highest CAGR in the coming years.
On Mar 2018, MyJobo went into partnership with Broadbean Technology (a subsidiary of CareerBuilder). With this partnership, the company is integrating software with applicant tracking systems and human resources information systems. With the applicant tracking systems, these companies are posting online job applications over the internet.
On Mar 05, 2018: US PE firm acquired HR Tech platform Recruiterbox, an HR technology platform, to help to build a strategy that will include suite HR Technology products. With these products, the human resource managers can manage their hiring and hiring-related information.
On Mar 01, 2018: ATS OnDemand went into partnership with Corvirtus. With this partnership, the companies are permitting their clients to access their integrated assessments within applicant tracking systems. This system includes onboarding, talent network, candidate relationship management, and text messaging.