Global Applicant Tracking Systems Market is valued USD 1,095 million in 2017 is anticipated to grow USD 2,420 million with the compounded annual growth of 10.4% over the forecast period 2018-2025.
New York 23 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Applicant Tracking Systems market industry is poised to raise USD 2,420 million by 2025. Increasing need for cost reduction, demand for strategic and improved hiring decisions, and involvement of social media for recruitment purpose are the major factors which are driving the growth in the Global Applicant Tracking Systems Market. An Applicant Tracking System (ATS) is a software which can be used to recruit employees efficiently. It is used to post job openings on a website or in job portals for screening resumes as well as to create interview requests to deserving candidates via e-mail or other communication channels. Some of the other features of ATS includes Individual applicant tracking, automated resume ranking, pre-screening questions, response tracking, multilingual capabilities requisition tracking, and customized input forms among others.
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Global Applicant Tracking Systems Market Size study, by Deployment (Cloud, On Premise), by Organization Size (SMEs, Large Scale), by Industry (Government, IT & Telecommunication, Manufacturing, Others) and by Regional Forecasts 2017-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Findly Talent LLC, Oracle Taleo, iCIMS, Workable, BambooHR, Cornerstone OnDemand Inc., ExactHire, IBM Corporation, Jobvite Inc., Lumesse Limited, Paycor, SAP (SuccessFactors), Workday, Inc., ApplicantStack, Hyrell, ICIMS, Inc., ClearCompany and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than 40% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by 11.8% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- On Premise
By Organization Size:
- Large Scale
- IT & Telecommunication
- North America
- Asia Pacific
- Latin America
- Rest of the World