Applicant tracking system (ATS) Market World's Top Players Include ApplicantStack, Greenhouse Software, Lumesse, Hyrell, iCIMS, Workable, Bullhorn, IBM Kenexa, ClearCompany, SAP SuccessFactors, Findly, JobDiva, Oracle Taleo

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.

Download PDF Brochure of Research Report: https://www.coherentmarketinsights.com/insight/request-pdf/606

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.

Collection, data mining, and ability to automate the overall recruitment processes are factors expected to drive the market growth
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.

Cloud segment dominated the industry applicant tracking system in terms of market share

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.

Introduction of enhanced functionality and lower discrepancies to enhance high usability are expected to be part of the chief growth strategies of ATS providers over the next few years.

Request for Customization of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/606

Key Players

Major industry participants include ApplicantStack, Greenhouse Software, Lumesse, Hyrell, iCIMS, Workable, Bullhorn, IBM Kenexa, ClearCompany, SAP SuccessFactors, Findly, JobDiva, Oracle Taleo, Newton Software, Cornerstone OnDemand, Lever, and Workday.

About Coherent Market Insights:
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.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.