The global Applicant Tracking Systems market is expected to boost in the forecasted period due to the growing requirements of cost-saving as well as strategic and improved hiring decisions. Applicant Tracking Systems enables the electronic handling of recruitment and hiring needs. ATS collects a resume in a database and gives recruiters an online view of job seekers after scanning and indexing their resumes. increasing demand for cloud-based Applicant Tracking Systems, gaining popularity of mobile-based recruitment help to trigger the global Applicant Tracking Systems market in the forecasted period.
According to AMA, the market for Applicant Tracking Systems is expected to register a CAGR of 8.7% during the forecast period to 2027.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||Oracle (United States), SAP (Germany), IBM (United States), Cornerstone (United States), ADP (United States), iCIMS (United States), SilkRoad Technology (United States), Zoho (United States), Paycor (United States), Jobvite (United States) and PeopleFluent (United States)|
This growth is primarily driven by Upsurging Geographically Diverse Talent Acquisition and Fueling Demand for Analytics Metrics.
Globally, a noticeable market trend is evident The Growing Focus on Enhancing the Experience of Candidate
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Oracle (United States), SAP (Germany), IBM (United States), Cornerstone (United States), ADP (United States), iCIMS (United States), SilkRoad Technology (United States), Zoho (United States), Paycor (United States), Jobvite (United States) and PeopleFluent (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, My Ally, the world’s leading platform for recruiting AI technology, has announced its public listing on the SAP App Center for global deployments. My Ally is listed as a preferred recruiting productivity solution for customers of SAP’s SuccessFactors Applicant Tracking System (ATS).
On10th October 2018, Oracle and LinkedIn today announced that they are working together to help HR professionals meet the shifting demands of the talent economy. A series of new integrations between Oracle’s Human Capital Management Cloud (Oracle HCM Cloud) and Taleo Enterprise Edition, and LinkedIn, will help HR teams attract, engage and retain employees by growing their talent pool, improving the candidate experience, enhancing internal mobility and increasing career development opportunities.
The Growing Focus on Enhancing the Experience of Candidate and Increasing Inclination towards Automate Recruitment Processes
Market Growth Drivers:
Upsurging Geographically Diverse Talent Acquisition and Fueling Demand for Analytics Metrics
Dearth Of Technical Expertise and The Growing Concern about Integration of ATS Software With Other Systems
Lack of Awareness associated with Applicant Tracking Systems
High Adoption due to Collaboration With Social Media Platforms Simplifying Applicant Tracking Processes and Upsurging Popularity of Mobile Recruitment
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Applicant Tracking Systems Market
- Analysis about New Entrants in Applicant Tracking Systems Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Applicant Tracking Systems Study Sheds Light on
The Applicant Tracking Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Applicant Tracking Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Applicant Tracking Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.