iCrowdNewswire Feb 19, 2021 9:00 AM ET
According to the latest report by IMARC Group, titled “Applicant Tracking System (ATS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global applicant tracking system market size reached a strong growth in 2019. An applicant tracking system (ATS) is a software that assists an organization in its employee recruiting process. It collects, stores and organizes information, while also performing other tasks, such as resume analyzing, disqualifying non-qualified candidates, interview scheduling and candidate feedback, which ultimately speeds up and enhances the hiring process. Other than this, it also offers automated resume ranking, pre-screening questions, response tracking, multilingual capabilities, requisition tracking and customized input forms.
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The increasing adoption of cloud-based services around the world represents one of the key factors driving the global applicant tracking system (ATS) market growth. Apart from this, the adoption of software as a service (SaaS) offers encryption and enhanced security of data, which, in turn, is also propelling the market growth. Furthermore, various providers are integrating artificial intelligence (AI) into their systems that help recruiters in saving their time and reducing the overall operational costs. Besides this, the increasing number of job applicants and the rising influence of social media across the globe are anticipated to drive the market growth in the coming years. Looking forward, IMARC Group expects the market to exhibit a CAGR of 8.5% during 2020-2025.
Market Breakup by Deployment:
Market Breakup by Organization Size:
- Small and medium Sized Enterprises
- Large Enterprises
Market Breakup by Component:
Market Breakup by End-User:
- IT and Telecommunications
- Government and Public Sector
- Healthcare and Life Science
Competitive Landscape Key Player:
- ATS Ondemand
- Greenhouse Software
- SAP SE
- SilkRoad Technology
- Ultimate Software
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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