Applicant Tracking System (ATS) Market is expected to reach at US$ 1345.7 Mn by 2025: ClearCompany, Kenoby, Greenhouse Software, Inc., Hyrell

The global applicant tracking system market accounted to US$ 675.3 Mn in 2017 and is expected to grow at a CAGR of 9.2% during the forecast period 2018 - 2025, to account to US$ 1345.7 Mn by 2025.

Driving factors such as demand for time-efficient selection systems owing to rising number of job applicants, and gaining prominence of the cloud-based applicant tracking system are anticipated to have a huge impact on the development of applicant tracking system market in the coming years.

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The key trend which will predominantly affect the applicant tracking system market in the coming year is the integration of artificial intelligence with ATS system for enhanced capabilities. As the HR groups in the coming years are expected to raise the demand for solutions, which in response would further enhance the employment curve and understand not only the effects of AI on their workforces but also the benefit of incorporating new and exciting tools into their workflows, especially for recruitment. With a plethora of startups out there in this space, it's easy for talent acquisition teams to experiment and find what works for them.

Key findings of the study:

In 2017, North America is expected to hold the largest revenue share of global applicant tracking system market. The recruiting, staffing and workforce solution industry has made a noteworthy contribution to the U.S economy and also offered superlative career and job opportunities for more than 15 million prospects every year. For the coming years as well the staffing and recruiting industry in the region is projected to experience continued growth and steady demand owing to stabilizing of all indicator points (including population growth, decreasing labor force participation, and lower unemployment rate)..

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APAC region is expected to witness the highest CAGR growth during the forecast period.
The global applicant tracking system market by end-user was led by IT & telecom segment in the year 2017 and is anticipated to continue its dominance during the forecast period. Despite of slightly gloomy employment outlook the IT & telecom sector is expected to boost the adoption of applicant tracking systems based on two major factors. The first one it's the rising demand of talents across the globe and increasing count of applicants every day. In order to effectively manage these employees, the IT & Telecom companies are increasingly deploying applicant tracking systems. The second factor is the spending capability of the IT & Telecom companies. IT & Telecom imbibe the highest spending capability on the upcoming technologies owing to which the sector is expected to contribute significant profits to the applicant tracking system.

The key companies profiled in this report include 4Talent, Grupo Navent S.R.L., GUPY Tecnologia em Recrutamento LTDA, ApplicantStack, Bullhorn Inc., ClearCompany, Kenoby, Greenhouse Software, Inc., Hyrell, iCIMS, Inc., Pemasys, Jobvite, Inc., Oracle Corporation, Workable Software Limited, and SAP SE.

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2020-2027? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the applicant tracking system market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the applicant tracking system market?
What are the prominent market trends influencing the development of the applicant tracking system market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the applicant tracking system market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

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