Pune, India -- (SBWIRE) -- 09/04/2019 -- This report analyzes the potential of Applicant Tracking System Market in the present and the future prospects from various angles in detail.
Global Applicant Tracking System Market Overview:
The Global Applicant Tracking System Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Applicant Tracking System market size to maintain the average annual growth rate of 8.1% from USD 855 Million in 2014 to USD 1080 Million in 2018, market analysts believe that in the next few years, Applicant Tracking System market size will be further expanded, we expect that by 2023, The market size of the Applicant Tracking System will reach USD 1590 Million.
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The most important key factors driving the growth of the Global Applicant Tracking System Market are rapid growth in the demand for strategic, rising need for cost reduction and improved hiring decisions, and involvement of social media for recruitment purpose. The Applicant Tracking System (ATS) is software which can be used to recruit employees efficiently. Applicant Tracking System (ATS) is used to post job openings on a website or in job portals for screening resumes as well as to create interview requests to deserving candidates via e-mail or other communication channels. Some of the other features of Applicant Tracking System (ATS) includes Individual applicant tracking, automated resume ranking, pre-screening questions, response tracking, multilingual capabilities requisition tracking, and customized input forms among others.
The Global Applicant Tracking System Market is segmented based on the Services, Deployment, Organization Size, End-Use Industry and Region. By Services, the market classified into managed services and professional service. On the basis of Deployment, the market is divided into on-cloud, on-premises. Based on the Organization Size, the market is sub-segment into SMEs and large enterprises. On the basis of End-Use Industry, the market is classified into government, IT & telecommunication, manufacturing and others.
As per the regional analysis, North America is the leading region across the world in terms of market share. The Applicant Tracking System Market in this region has a huge demand due to the increasing adoption of Artificial Intelligence (AI), which is propelling the market growth to a large extent. APAC countries, such as China, Japan, and India, are the emerging markets for Applicant Tracking System, and they are expected to grow with the highest CAGR in the coming years.
Top Leading Key Manufacturers in Global Applicant Tracking System Market: Oracle, IBM, SAP, Cornerstone, ADP, Icims, Jobvite, Peoplefluent, Silkroad Technology, Paycor, Greenhouse Software, Workday, Ultimate Software, Jazzhr, Clearcompany, Bamboohr, Racarie Software, Zoho, Smartrecruiters and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Latest Industry News:
SmartRecruiters (April 25, 2019) – SmartRecruiters Delivers 50 High-Impact Product Enhancements Alongside Innovation & Inclusion Initiatives in Quarterly Release – SmartRecruiters, the Hiring Success Company, introduces today over 50 high-impact product updates designed to improve overall user & platform experience. This release is packed with significant enhancements in SmartCRM for stronger employer branding and recruitment marketing, deeper role-based permission configurations, and faster mobile workflows. The entire platform is undergoing a User Interface overhaul, where SmartRecruiters turns diversity & inclusion theory into practice through software accessibility.
"Having launched three new products in 2018, SmartRecruiters is committed to innovation on our existing platform this year," says Natalia Baryshnikova, Head of Product at SmartRecruiters. "We have exciting updates on accessibility, where we are bringing inclusion strategies to life via design, as well as an innovation program that empowers any employee to contribute towards the product roadmap."
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Applicant Tracking System in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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