How Applicant Tracking System change the evolution in the hiring industry?
The 'Applicant Tracking Systems Market' research report provides a succinct analysis of the recent market trends. In addition, the report offers a radical abstract on the statistics, market estimates, and revenue forecasts, which further highlights its position within the industry, in tandem with the expansion strategies adopted by leading industry players.
The increasing need for cost reduction, demand for strategic and improved hiring decisions, and involvement of social media for recruitment purpose are the foremost factors which are driving the expansion in the Global Applicant Tracking Systems Market. Applicant Tracking System is a software that 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 opposite features of ATS include Individual applicant tracking, automated resume ranking, pre-screening questions, response tracking, multilingual capabilities requisition tracking, and customized input forms among others.
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 then on. Acquisitions and effective mergers are a number of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by most players.
The objective of the study is to define market sizes of various segments & countries in recent years and to forecast the values to the approaching eight years. The report is meant to include both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects like driving factors & challenges which can define the longer-term growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to need a foothold in conjunction with the detailed analysis of competitive landscape and merchandise offerings of key players. The regional analysis of worldwide Applicant Tracking Systems Market is taken into account for the key regions like Asia Pacific, North America, Europe, Latin America, and the remainder of the planet. North America is the leading/significant region across the planet in terms of market share. Whereas, due to countries like China, Japan, and India, the Asia Pacific region is anticipated to exhibit a higher rate of growth / CAGR over the forecast period 2018-2025.