Latest market study on “Applicant Tracking System Market to 2025 by Deployment Model (Cloud and On-Premise); Component (Solution and Services); and End-user (BFSI, IT & Telecommunication, Manufacturing, and Government) -Global Analysis and Forecast”, the Applicant Tracking System (ATS) market is estimated to reach US$ 1345.7 Mn by 2025 from US$ 675.3 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
An applicant tracking system is a software solution designed to behave as a human resource database for better applicant management experience. This system provides tools that can be used for streamlining the placement and recruitment processes. The applicant tracking system is capable of being used in to every industry vertical and businesses for selection of desired candidate through the large flock of applicants, and systematical organize and contact them. The look & feel of the majority software is similar to the search engine where post the recruiter’s search, the system ranks the applicants as per the keyword/filter (job positions, skills, location).
As per the deployment type the cloud based applications have the potential to cater services to small, medium and large enterprises efficiently. Organizations today grow rapidly and hence require operations to scale up as per the demand. With the ease in scalability feature offered by this model, many organizations seem to adopt the model for their various operations. Be it, managing their IT infrastructure, employee management, human capital management, asset monitoring or any other useful domain etc. Adopting such a modular structure which can scale up the IT infrastructure, storage, computing, fabric and virtualization in a single architecture has been the trend followed today. Flexibility offered by cloud based applicant tracking system gives competitive advantage to companies by quickly adjusting to the demands of applicants and recruiters, and making the necessary changes in the operations efficiently. High efficiency has become a pre requisite for leading companies today and deployment of cloud based applicant tracking gives them the power to be flexible and efficient.
There has been constant development in applicant tracking system market. Recently, ClearCompany joined hands with ADP, LLC and launched Advanced Talent which is a talent solution for the companies that consist of 100 to 2,000 employees for utilizing both ADP Workforce Now and ClearCompany talent tools. Meanwhile, Jobvite had also announced the enhancement of enterprise-grade recruiting platform. The company added Jobvite Text: which delivers customers an incomparable advantage for the talent search by permitting the recruiters to effortlessly start conversations with candidates.
The top companies operating in the field of applicant tracking system include workable, ApplicantStack, Oracle Corporation, iCIMS, Inc., Workable Software Ltd., Hyrell, Bullhorn, Inc., ClearCompany, Greenhouse Software, Inc., Jobvite Inc., Automatic Data Processing, Inc., SAP SE, 4Talent, Grupo Navent S.R.L, GUPY Tecnologia em Recrutamento LTDA, Kenoby and Pemasys and among others operating in the market and are coming up with new technologies and offerings which is helping the market for applicant tracking system to expand over the years in terms of revenue and subscription.
The report segments the global applicant tracking system market as follows:
Global Applicant Tracking System Market - By Deployment Model
Global Applicant Tracking System Market - By Component
Global Applicant Tracking System Market - By End-user
IT & Telecommunication
Global Applicant Tracking System Market - By Geography
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM
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