Applicant Tracking System Market 2022 Precise Outlook - IBM Corporation, Oracle Corporation, Jobvite Inc.

The Applicant Tracking System Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Applicant Tracking System market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Applicant Tracking System market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Applicant Tracking System market.

The applicant tracking system market is expected to grow at 7.3% CAGR during the forecast period of 2021 - 2026.

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Top Leading Companies of Applicant Tracking System Market are - IBM Corporation, Oracle Corporation, Jobvite Inc., Bullhorn, Inc. (Vista Equity Partners), iCIMS, Inc., SmartRecruiters, Inc., Workday, Inc., SAP SE, Workable Technology Limited, Greenhouse Software, Inc. and others.

Industry News and Updates:

- In May 2020, Jobvite Inc. announced a partnership with Ultimate Software, enabling job recruiters to view and assess a vast range of employee data and connecting their recruiting efforts to post-hire performance. With the help of this partnership, Jobvite offers platform-to-platform integrations between its software and Ultimate Software’s human capital management solutions.

- In June 2020, Workday, Inc. announced that it is expanding operations into Mexico, with a new country manager. The services partners are ready to assist the company deployments in the country. New customers will join more than 250 multinational companies currently deploying Workday in Mexico, including GE, Nissan, HP Inc., and Santander. As part of the collaborative Workday solutions, customers share ideas and actively engage with hiring teams on the innovative recruiting ideas.

Key Market Trends:

The Adoption of Data Analytics Strategy by Recruitment Companies is Expected to Bolster the Market Growth Over the Forecast Period

- The recruitment companies are adopting data analytics-driven solutions for their applicant tracking systems, leveraging the growth of the market. In January 2020, Jobvite launched a data science strategy to power its HR products suite. This initiative focuses on ensuring company recruiters are served the best-fit candidates and eliminating wasted time for both candidates and recruiters. This data-driven strategy incorporates multiple algorithms and sources of data that span enterprise-wide preferences for hiring and the individual recruiter-level preferences.
- In June 2020, Workday, Inc. announced the availability of Workday People Analytics. This newly developed augmented analytics application identifies significant risks and opportunities regarding a company’s potential candidate base and delivers these insights in a story form. These insights empower business leaders and HRs to make better people decisions faster to shape business outcomes.

North America Geographic Segment is Expected to Hold a Significant Share Throughout the Forecast Period

- The primary driver for the North America geographic segment's growth is the significant presence of technology providers. These players focus on entering into partnerships, merger-acquisitions, and innovative solutions offerings to stay in the regional and globally competitive landscape.
- In May 2020, technology giant Microsoft Corporation and Workday Inc. announced a strategic partnership to prioritizing resource planning in the cloud and expanding the business solutions so that customers can use it to optimize their everyday work better. With the help of this partnership, Workday customers will be able to run Workday Adaptive Planning on the Azure cloud. Moreover, Microsoft will adopt Workday Adaptive Planning for its finance teams for budgeting and forecasting to accelerate the decision-making process. Such developments of strategic technology & knowledge transfer and partnerships are expected to experience growth in the region.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Applicant Tracking System Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Applicant Tracking System Market (%),2016 - 2026
- Applicant Tracking System Market Share, By Brand
- Applicant Tracking System Market Share, By Company
- Applicant Tracking System Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Applicant Tracking System Market Value Analysis & Forecast
- Promising Applicant Tracking System Development by Major Companies
- Detailed Applicant Tracking System Portfolio of the Major Companies
- Major Deals in the Applicant Tracking System Market
- Major Companies Analysis

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