Rapid expansion of the cloud-based services has resulted in a dynamic and a very competitive software industry environment globally. Cloud based applicant tracking software implementations characteristically do not require high capital investments, thereby keeping a company’s IT infrastructure model very cheap and consistent. Thus, this model could bring significant profits for any organization and at an early stage itself. This problem is also easily solved using the model. The cost savings with the help of shared infrastructure model is done with respect to the software licenses, electricity, maintenance fees, eliminating the cost of servers and other storage devices, consultant fees, data center space, and IT personnel.
ATS is a service based business model that has witnessed rapid growth as a result of growing penetrations of smartphones and related devices in the global market. As the service is a digital data driven service, it is anticipated to be benefited with the advancements in the digital world such as analytics. Analytics would enable the mobility service provider company to understand the preferences of each customer and thereby send out optimized routes & means of transport to the customer.
The component segment of applicant tracking system market is segmented into solution and services. There are briefly two categories of ATS solution, one is designed for the employers and the second is for recruiting companies. Each of this software has its own specification tailor made to the demand of the end-users. Taleo, Kenexa-Brassring, Jobvite, iCims, and SAP-SuccessFactors are some of the major ATS solutions widely used across the globe.
The applicant tracking system market by end-user has been segmented into IT & Telecom, retail, BFSI, retail & consumer goods, manufacturing, healthcare, government & others. 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.
New market initiatives was observed as the most adopted strategy in global applicant tracking system market. Few of the recent market initiatives are listed below:
2018: ClearCompany joined hands with ADP, LLC and launched Advanced Talent which is a talent solution for the companies that consist of 100 to 2,000 employees for utilizing both ADP Workforce Now and ClearCompany talent tools.
2018: Workable Software introduced General Data Protection Regulation (GDPR) feature pack, designed mainly to help consumers meet key recruiting needs.
2018: SAP SE unveiled updated and new features to the SAP SuccessFactors HCM Suite. These new and updated features will make it easier for HR leaders around the world to comply with privacy laws and data protection.
The regional trends and factors influencing the Applicant Tracking System (ATS) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Applicant Tracking System (ATS) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2017 | US$ 675.3 Million |
| Market Size by 2025 | US$ 1,345.7 Million |
| Global CAGR (2017 - 2025) | 9.2% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2025 |
| Segments Covered |
By Deployment Model
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Applicant Tracking System (ATS) Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Applicant Tracking System (ATS) Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
List of Companies:
1. ApplicantStack
2. Oracle Corporation
3. iCIMS, Inc.
4. Workable Software Ltd.
5. Hyrell
6. Bullhorn, Inc.
7. ClearCompany
8. Greenhouse Software, Inc.
9. Jobvite Inc.
10. Automatic Data Processing, Inc.
11. SAP SE
12. 4Talent
13. Grupo Navent S.R.L
14. GUPY Tecnologia em Recrutamento LTDA
15. Kenoby
16. Pemasys