iCIMS are followed Affordable Care Act (ACA) and Consolidated Omnibus Budget Reconciliation Act (COBRA) with notices and payments. An ATS automates all of these processes making them much easier to manage and avoid human error.
According to the report, The adoption of data analytics by recruitment companies
is one of the primary growth factors for the market. Increasing demand for applicant tracking systems worldwide. - is also expected to contribute significantly to the Application Tracking System market. Overall, applications of Application Tracking System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode, such as Cloud, is boosting the Application Tracking System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as SMEs, is boosting the Application Tracking System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Software, is boosting the Application Tracking System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as IT & telecommunication, is boosting the Application Tracking System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Application Tracking System market identified that the demand is rising in many different parts of the world as "Development in data analytic process in an applicant tracking system". Furthermore, some recent industry insights like "In June 2021, Telefonica Tech and IBM launched a hybrid cloud solution based on AI and blockchain technology to embrace a hybrid cloud strategy that can speed up how enterprises innovate to meet customers’ evolving needs" which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Application Tracking System market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Application Tracking System market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Application Tracking System market size is calculated using market estimation process, the Application Tracking System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Application Tracking System market size has been validated using both top-down and bottom-up approaches.