Applicant Tracking System (ATS) Market Size, Share, Trends, Growth, & Key Business Strategies by Leading Industry Players ApplicantStack, Greenhouse Software, iCIMS, IBM Kenexa, SAP SuccessFactors, Oracle Taleo, Newton Software, Cornerstone OnDemand

Coherent Market Insights has announced the addition of the “Applicant Tracking System (ATS) Market Size Status and Forecast 2026”, The report classifies the global Applicant Tracking System (ATS) Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Applicant Tracking System (ATS) Speaker market, analyzes and researches the Applicant Tracking System (ATS) Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like ApplicantStack, Greenhouse Software, iCIMS, IBM Kenexa, SAP SuccessFactors, Oracle Taleo, Newton Software, Cornerstone OnDemand

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Applicant tracking system (ATS) enables electronic handling of staffing requirements by collecting and storing resumes. Depending on the requirement of organizations, these can be accessed online or implemented on enterprise, or can be obtained freely and are sometimes open sourced. Ability of these systems to track massive workloads, reduce the requirement of manual workforce, and reduce the overall enterprise expenses is among the major factors influencing growth of the market.

Social media integration and capability to detect passive potential candidates are expected to bolster the applicant tracking system market growth. Social media integration in ATS helps in increasing the probability of finding the suitable candidate, owing to increased viewership, expansion of referral networks through mutual sharing of job openings. Inadvertently this also leads to huge data traffic, which can be easily handled through utilization of the software. Pertinent information such as employment history, educational qualifications, and employment status can be easily retrieved through the candidate’s profile data. Moreover, social media integration also enables easy access through mobile platforms. Some e-recruiting solutions are also featured with applications such as sending text messages to applicants, provide updates, request necessary information, and schedule interviews. Additionally, its application also includes detection of potential passive candidates and assisting the recruiter by adding the candidate into the employer’s online community to strategically market the employer’s brand.

On the basis of organizations, the global applicant tracking system market is classified into:

Small and medium enterprises (SMEs)
Large enterprises

On the basis of deployment, the global applicant tracking system market is classified into:

Cloud
On-premises

On the basis of social media integration, the global applicant tracking system market is

Facebook
LinkedIn
Twitter
Others

Considerable amount of time and efforts can be saved through implementation of ATS in organizations. These software help in better identification of candidates, through running an extensive automated search algorithms to suit the job profiles. Conventional software were primarily used to store, manage, and track resumes, which have considerably evolved with the growing next generation requirements. Trends such as use of mobile devices for job applications, video interviewing, candidate relationship management, and applying analytics for candidate sourcing in conjunction with conventional applicant tracking are expected to bolster the ATS market growth through the forecast period.

Automatic elimination of resumes created in unusual or different formats is expected to be the major problem of the software

Applicant tracking system operation has certain functional drawbacks that includes lack of detection of potential candidates if the profile description is mentioned in different formats. Moreover, the detection capability of these systems is limited in pdf formats and lack in most of the graphical formats. This is expected to present as a major challenge for the market growth over the forecast period

Around 85% of the ATS market was dominated by the cloud segment, also known as SaaS based service. Primary advantage of the solutions include provision of access to any user involved in the hiring processes and no requirement of addressing or managing the infrastructural problems. In conjunction with these advantages, low cost and increasing utilization of public, private and hybrid cloud applications, specifically in the U.S., Western Europe, and emerging economies in Asia Pacific that includes China, India, and Indonesia are expected to significantly affect growth of the market over the forecast period.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.