Seattle, WA -- (SBWIRE) -- 11/05/2019 -- The Applicant Tracking System Market Report delivers an extensive judgement of key regional markets and their signs of improvement in recent years. It eveluate each segment of the Applicant Tracking System market in detail so that readers can be guided about future opportunities and high-profit areas of the industry. Our expert analysts refer to the True Government Documents, Press Releases, White Papers, Financial Reports, Investor Information, and Public or Personal Interviews for gather Data and Information related to the market place knowledge. In inclusion, it present an encyclopedic study of important market dynamics, including Growth Initiators, Trends, Obstacles, Challenges, and opportunities.

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An applicant tracking system (ATS) is an application that manages recruitment process of an organization by collecting and storing resumes in a database. ATS collects resume in a database and gives recruiters an online view of job seekers after scanning and indexing their resumes. Most of the organization uses some form of applicant tracking system application to handle job applications and manage a large volume of resume data. The data is either collected from internal applications via ATSs or extracted from social networking websites such as LinkedIn, Facebook, and Twitter.

The increase in growth is mainly associated with the adoption of advanced cloud technology services that allows thousands of customers to access similar resources helping companies to cut down their expenses. Based on statistics, the penetration of advanced cloud based platforms that helps to develop new technology is also a significant factor stimulating market demand.

Key Players:

Major Players operating in market includes: Workable Software, Zoho, Softgarden, BambooHR, ICIMS, Lever, SAP (SuccessFactors), Jobvite, Workday, Oracle, IBM (Kenexa), ClearCompany, COMPAS Technology, TalentReef, Conrep, Cornerstone OnDemand, SmartSearch, Greenhouse Software, ApplicantPro, CATS Software, IKraft Solutions among others

The global applicant tracking systems market is expected to grow at a Higher CAGR during the forecast period

Applicant tracking systems industry growth is expected to accelerate over the next five years, driven by the fact that most of the top applicant tracking systems are cost-effective and less time-consuming. The top applicant tracking systems are far superior to the traditional resume screening software in terms of three parameters, which are namely, time to hire, cost per hire, and the quality of hire. Applicant tracking systems are a powerful sourcing tool used in human capital management today for providing a simplified and efficient recruitment process by acting like as a central repository of applicant resumes and profiles. Technavio's applicant tracking systems industry analysis reveals promising markets around the world.

Applicant Tracking Systems Market Key Segments:

By Deployment
Cloud
On-premises

By Social Media Integration
Facebook
LinkedIn
Twitter

Regional Analysis

The regional analysis of Applicant Tracking Systems Market is studied for regions such as Asia Pacific, North America, Europe, and Rest of the World. North America is the leading region across the world in terms of market share. The applicant tracking systems market in this region has a huge demand due to the increasing adoption of artificial intelligence, which is propelling the market growth to a large extent. The market for optical sorters in Europe is expected to witness rapid growth due to advancement in technology in applicant tracking systems which improves staffing operations, increase recruiter productivity, and others. Whereas, Asia Pacific countries, such as China, Japan, and India, are the emerging markets for applicant tracking systems, and they are expected to grow with the highest CAGR in the coming years.

Key Reasons to Purchase:

1) To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
2) Assess the production processes, major issues, and solutions to mitigate the development risk.
3) To understand the most affecting driving and restraining forces in the Applicant Tracking System market and its impact in the global market.
4) Learn about the Applicant Tracking System market strategies that are being adopted by leading respective organizations.
5) To understand the future outlook and prospects for the market during years 2019-2026.

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